After setting up business entities and hiring staff, the biggest hurdle of international operations is figuring out how to manage global payroll and HR compliance in each country. With unique regulations and statutory requirements, every country poses a challenge to your organization. How can you stay informed, keep track of new regulations, and ensure compliance in each new market?
The easy answer is technology, but finding the right solution that can scale with your organization is the most important. Using one payroll system of record for all of your employees will keep track of costs, deadlines, and ensure employees are paid accurately in every country. It is the same for global HR – you need a solution that provides employment and labor law requirements with automatic updates for each country so you can ensure compliance.
Author – Blue Marble Payroll