Many companies are looking to expand internationally, but are worried about the complexity of paying employees around the world. Staying on top of costs, compliance, and processes across a global organization can be overwhelming, and these challenges only multiply by the number of countries in which you choose to operate.
Data transparency across a global organization remains a top priority, but according to a Deloitte survey, more than 1,200 executives admit that it’s getting more complicated to keep track. Clean data is important, and using data controls and automation to prevent keying errors is becoming more common. But technology can only take you so far; you also need human proficiency and diligence. On top of that, maintaining compliance on a global scale can feel impossible when the rules are different everywhere you go (and always seem to be changing). Reinventing the wheel every time you need to pay employees in a new country causes inefficiencies, duplicated work, and overall higher costs.
Payroll accuracy is also a big challenge for any company — big or small, local or global. Mistakes can be costly, and not just because they usually come with fines tacked on to the original dollar amount! Payroll mistakes hurt employee morale, which in turn hurts your productivity. They also hurt your reputation, and drive payroll labor costs up as your staff spends time researching and correcting these errors.
Your global payroll program
Simplified payroll solutions mean empowered workers