Sustain the dialogue between HCM / Payroll software firms, payroll processors, bundled payroll service providers, and retirement plan service provider.

  • Define payroll administration quality and drivers of excellence
  • Advocate for employer adoption of preferred practices
  • Facilitate 360 data exchange
execution
execution

The Execution

  • Organize annual meeting of the Coalition
  • Engage retirement plan service providers, payroll service bureaus, payroll softwarefirms, bundled payroll service providers, and HCM Suites - bring them to the table
  • Survey retirement plan service providers and payroll service providers - publish areport defining "Quality" and "Excellence"
  • Participate in HR Tech and Payroll Industry Conferences
  • Build a website, brand identity, and social media presence for the Coalition

Tangible Success Metrics

  • Percent of new and existing clients providing regular enhanced payroll feeds
    • In a timely fashion
    • In standard format
    • Consistently
    • With fewer errors
  • Other standards of excellence identified by the Coalition

metrics

benefits

Business Benefits for YOU

  • Net revenue growth
  • Cost savings resulting from easier data exchange (API)
  • Increased ROI
  • Higher quality client service
  • Fewer client defections
  • Longer client lifecycle

What's in it for CLIENTS

  • Less time administering payroll
  • Successful retirement outcomes for employees
  • Less premature employee turnover
  • Slower workforce aging
  • Lower cost of benefits
  • More competitive labor cost
  • Greater business success

metrics

Tangible Deliverables

Seat / voice at biweekly videoconferences of the Coalition

Discount on Annual Meeting Registration

Position paper summarizing datapoints to include in the return file

Position paper summarizing compensation and contribution data elements in the 180 Payroll Feed

Position paper outlining API strategy for a 360 Payroll Data Exchange Consortium (4-page)

Fact-finding interview to support API Consortium Development (2-hours per company)

Input into the Roundtable Annual Meeting (formats, topics, speakers, agenda)

Input into a survey of retirement plan service providers on payroll feed integration

Roster of contacts at payroll service bureaus, payroll software firms, and bundled service providers

Please enter the email address for your account. A verification code will be sent to you. Once you have received the verification code, you will be able to choose a new password for your account.


TOP
Untitled Document