3 July 2018 - Reading time: 2 Minutes
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.
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