Multinational companies have to manage unique requirements in each country to ensure compliance for the organization. One of the biggest risks for compliance is payroll, as regulations constantly change and penalties can be severe. So how can you ensure compliance for your global payroll and mitigate risk for your global operations?
Using different vendors and multiple systems across countries is a common way to manage global payroll, but often leads to disconnects in processes, data, and reporting. There can also be language barriers and time zone differences that hinder timely communication when questions come up.
Author – Blue Marble Payroll