article thumbnail

International Payroll Administration — What You Need to Know

Velocity Global

Establishing a payroll administration process is complex, and it becomes even more so for companies working with international team members. Managing payroll efficiently can become a full-time job for companies as they work to avoid fines and penalties. International Payroll Administration Requirements.

article thumbnail

Meeting the Complexity of Global Payroll Compliance

Immedus

Arguably there is no more central issue in global payroll than compliance. Payroll is after all responsible for making sure that people receive the correct pay and on time- a challenge that is getting more difficult with payments fraud on the rise. The payroll team might find itself extended across multiple geographies.

Payroll 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 7 Benefits of Outsourcing Administrative Functions for Insurance Companies

Magellan Solutions

Top 7 Benefits of Outsourcing Administrative Functions for Insurance Companies Insurance companies encounter a variety of challenges nowadays. Outsourcing administrative functions for insurance companies has been a proven strategy to consider. By outsourcing administrative functions, insurance companies can focus on the core tasks.

article thumbnail

4 Reasons Why Global Payroll is the bedrock of EOR

Neeyamo

With the increase in remote work , accurate reporting and local labor law compliance are among the many aspects that factor into payroll calculations. Let us look at some benefits of using a global payroll partner to pay international employees.: Reduce payroll-related expenses. Stay compliant on a global scale.

Payroll 98
article thumbnail

Payroll + Tax in the Philippines: An Overview for Global Employers

Velocity Global

However, navigating payroll tax in the Philippines requires a thorough understanding of the country’s labor laws. This guide outlines everything you should know about payroll and taxes in the Philippines. Learn about mandatory employer contributions, payroll administration options, and how to avoid the risks of noncompliance.

Payroll 98
article thumbnail

Beyond The Payslip: How Employee Self-Service Transforms Payroll Management

Paysquare

Traditional payroll management systems are known for using manual processes and paperwork, which only lead to increased tasks. In these systems, payroll administrators were responsible for calculating wages, taxes, and deductions. They often used spreadsheets or outdated software to perform the tasks.

Payroll 91
article thumbnail

DEBUNKING 4 MAJOR PAYROLL MYTHS

Neeyamo

Similarly, the global payroll industry often encounters a few myths that discourage some managers from working with payroll providers – However, these myths can be debunked by getting the facts right! . Myth-1: Only large companies need payroll . Myth-2: HR & Payroll are one and the same . Do you think not?

Payroll 89