Businesses used to only worry about the local payroll rules where they were based. But nowadays many employ staff around the world. So this means many more payroll rules and regulations to adhere to.
Each country has its own payroll laws. This includes data laws and differences in employee benefit rules for instance, which can often change. Consequently, businesses with employees in different markets around the globe have a responsibility to deliver payroll that meets the latest local rules.
This, therefore requires global payroll managers to be experts in local rules. Certainly, this is a challenge for fast growing businesses moving into new markets. It becomes even more of a challenge when payroll is run from just one location.
Outsourcing multi-country payroll with us gives you access to the expertise of our global payroll specialists. Furthermore, we have experts in 35 countries. This therefore makes light work of changing payroll rules. As a result, we make sure you always deliver accurate and compliant payroll on time.
Delivering multi-country payroll
Traditionally, businesses only had to worry about the payroll rules of the country they operated in.
However, in a globalized economy, many businesses employ staff around the world. So, this adds extra complexity when it comes to achieving compliant payroll.
Each country has its own payroll laws, including data laws and different employee benefit rules for example. These change often. Businesses with employees in different markets around the globe therefore have a responsibility to ensure they meet the latest rules and regulations.
Global experts in local rules
Global payroll managers need to be experts in local rules. Certainly, this is a challenge for fast growing businesses moving into new markets. It becomes even more of a challenge when payroll is being run from just one region.
Outsourcing multi-country payroll with us gives you access to the expertise of our global payroll specialists. Moreover, we have payroll expertise in 188 countries with a presence in 35 of them. This certainly makes light work of changing payroll rules. It ensures you always deliver accurate and compliant payroll on time.
Why outsource multi-country payroll?
Outsourcing multi-country payroll takes away the pain of managing payroll legislation in different countries.
Businesses with employees around the world can therefore reap rewards in time and cost savings by setting up a consistent global payroll case. As a result of outsourcing your multi-country payroll, there are improvements in:
Outsourcing your multi-country payroll to a centralized team of experts allows payroll admins to focus on insights. This is instead of having to manually update your payroll.
The process to update local payroll rules are automated and subsequently fed into your payroll. So, this means you don’t need to rely on vendors in different locations. A single, standardized payroll is therefore more efficient.
Separating your payroll by region means you rely on local experts to deliver accurate and compliant payroll.
A centralized and standardized multi-country payroll service minimizes the risk of errors. As a result you’re less reliant on individuals to deliver regional payroll and this improves compliance.
If you’re currently running regional payroll in locations around the world, you could therefore reduce costs by moving to a centralized multi-country payroll service.
In short, outsourcing multi-country payroll allows you to save on the cost of vendors and costly processes by moving to a single, safer and more compliant payroll service.
Reporting and insights
One of the key rewards of outsourcing multi-country payroll is getting more informed insights from your offering. Above all this helps you make better business decisions.
Insights give you access to employee data, like overtime, absence and pay. As a result, this helps you make decisions about hiring, rewards and more. In addition, you can spot anomalies in employee data between countries and address burning HR issues.
You can set key KPIs too, therefore giving you a clear overview of the most important business costs to inform your next moves.
Reliable payroll, delivered
Outsource your multi-country payroll to us and our payroll specialists will deliver accurate, compliant payroll for your global business.
Most importantly, our global payroll service gives your HR department the peace of mind of delivering locally compliant payroll. This consequently frees them to focus on strategic activities. In addition it gives your employees a responsive and fully-functional HR offering.
Global payroll with a local touch
With our multi-country payroll, you get centrally-managed payroll (available in 188 countries) that provides visibility and responsiveness of local payroll.