The multinational payroll market is growing at an impressive rate, with the entire payroll services market expected to reach 4.8 billion by 2021. The demand for international payroll services are increasing, due to the heightened need for compliance to local laws and legislations, and a demand for more comprehensive technology. However, even though the payroll market is growing, many organisations still aren’t unlocking the power of payroll.
So, what’s stopping many organisations from embracing international payroll? Numerous multinational businesses use fragmented payroll systems, and don’t realise the cost and company benefits of an international payroll system. The complexities associated with getting international payroll wrong can impede growth and bring several risks to the business, including fines and brand damage.
To help organisations to embrace international payroll services, global payroll and HR service provider SD Worx has developed its ‘Power of Payroll’ campaign.
Successful international payroll is both flexible and agile, and can speed up and automate payroll processes for in-house teams. To become increasingly efficient and operational in the HR and payroll department, organisations around the world must trust outsourced providers to manage payroll tasks and help the organisation.
Companies are still missing out on both local and global expertise, but by transforming to a globalised approach to payroll, organisations will unlock a world of opportunity. Outsourcing payroll to a trusted international provider can ensure compliance, reduce complexity, and increase control of their payroll.
To learn more about SD Worx and its Power of Payroll campaign, download its white paper on unlocking the power of payroll here.
16 July 2018
Payroll data. How often do we stop and think about how important it is to a business? Although payroll is often viewed as a back-office function, it is an essential part of any organisation, and is much more than just payslips.
5 July 2018
The results of SD Worx’s recent international survey are in! With 1,500 respondents from nine European markets, the survey reveals that up to 87% of business leaders are now asking for employee data to inform business decisions—HR and payroll data is now being regularly used by business leaders.
11 June 2018
The HR and payroll industry is in constant change, with digitalisation, GDPR, and the gig economy effecting the HR and payroll department in organisations around the world. So, how can you ensure that both your HR department and employees are able to keep up with the pace of change? It’s time to unleash the flexibility of your HR.
26 April 2018
Payroll is a vital part of any organisation, whether it’s a local business or a multinational corporation. A simple payroll error can cause a large amount of damage, so getting it right is essential.
30 March 2018
With more and more employees relying on technology and flexible working than ever before, the world is becoming increasingly connected and globalised. However, with this new reliance on global working, what do HR and payroll teams need to consider when implementing payroll for multinational companies?
7 March 2018
The end of the payroll year is typically a very stressful time for payroll teams. With an extensive amount of tasks to be completed within tight deadlines, any mistakes can be costly.
However, the end of year process can be drastically simplified by engaging with tailored payroll software. This technology can be utilised to assist payroll professionals throughout the year, but how can it help payroll teams in April each year?
27 February 2018
12 January 2018
5 December 2017
13 November 2017
8 November 2017
19 October 2017
10 October 2017
4 September 2017
6 August 2017
24 January 2017
30 October 2016