14 May 2019 - Reading time: 6 Minutes
When looking to expand in an international business landscape, organisations can often find it difficult to focus on the larger, global picture without losing track of detailed local operations. This is especially difficult when it comes to international HR and payroll operations ¬–– a task of global scale and significance, but with vital local details.
So, as businesses expand, it’s important to ensure that the focus remains balanced and precise between global and local payroll operations to ensure that they are efficient, compliant and powerful within the business as a whole. For international organisations, a multinational payroll provider can help to provide this perfect balance, so the department is not too attentive towards one at the expense of the other.
High up on the list of priorities for businesses of all sizes today is ensuring that operations remain compliant. However, when scaling up the business to expand into multiple countries, this can become a much more complex issue for the HR and payroll department to handle. As the world becomes more aware of the importance of how data is handled and secured, countries and regions are beginning to develop their own laws and legislations on data handling, such as the General Data Protection Regulation. When organisations operate in multiple regions, this has to be taken into account to ensure compliance –– however, keeping on top of these ever-changing laws within every locality can become an operational headache.
Working with a multinational payroll provider can help maintain this perfect global and local mix so HR and payroll professionals can rest assured that their operations are compliant as they expand into new territories. The provider is able to source local expertise for each country, ensuring that no specific compliance details are missed on a local level, while connecting this detailed and vital operation on a global scale as the business expands. With this, HR and payroll professionals can be left to do what they do best, running the monthly payroll without being distracted by the threat of non-compliance.
In this ever-changing business world, it’s not always possible to accurately predict the future and plan global and local operations accordingly. Businesses expand and contract constantly, and this can mean a constant stream of new local legislations to become familiar with as operations develop with the business. When looking to strike the perfect balance between global and local operations, international businesses often need flexibility and a tailored payroll function that fits with their unique organisational needs. Rather than having to find new payroll providers each time the business expands into a new region, a multinational payroll provider can add flexibility to match with the natural tide of global business.
When expanding operations to a global scale, the HR and payroll functions have previously been viewed as just a back-office business function. However, when managed correctly, payroll data can become very powerful within an international organisation. The HR and payroll department don’t simply want to expand and contract with the business, so, when working in conjunction with a global provider, the power of payroll can truly be unlocked.
When the functions are able to operate on a global scale with local detail, the power of the HR and payroll data can help take business operations to the next level. With seamless access to data such as employee churn, engagement levels and recruitment costs, empowered by AI and HR technologies, the department can often find a seat in the boardroom as the business expands. HR and payroll predictive analytics can be indispensable to an international business, and with insight over both the global and local operations, this is where payroll can come into its own.
Running global payroll for an organisation operating in multiple countries can, at times, become somewhat overwhelming. With various rules and regulations to comply with and huge data sets to handle, many payroll professionals would welcome a helping hand. Today, with advancements in HR and payroll technology, that hand doesn’t have to be human—in fact, embracing these technologies can unlock the power of payroll within an organisation.4 April 2019
What will Brexit mean for the social security rights of UK nationals currently working in other EU states, and of nationals of the remaining 27 member states now in the UK? Will these cross-channel workers benefit, for example, from state pension contributions they made in the UK and vice versa if they return to their countries of origin?14 March 2019
The clock is ticking on the UK’s exit from the European Union on 29 March 2019. But we still don’t know the terms of its departure or what impact Brexit will have on employment both in the UK and the 27 remaining EU member states. Faced with this level of uncertainty, HR and payroll teams need to start their HR Brexit planning right now.18 February 2019
Today’s business world is becoming increasingly international as technological advancements make it easier for organizations to operate in multiple regions, or even globally. However, when it comes to modern international payroll, many businesses struggle to run their payroll on a global scale.12 February 2019
The SD Worx team has returned from another great annual UNLEASH conference. Over 5,000 attendees gathered at the RAI Exhibition and Conference Centre in Amsterdam – the site of the first conference seven years ago.7 November 2018
Payroll is the lifeblood of an organization, so getting it right is crucial. When organizations branch out into new geographical locations, the risk of payroll mistakes heightens. It’s a scary thought for HR and payroll professionals.
30 October 2018
September: the month that children dread as they make their return to school after the freedom of the long summer months. But for adults, especially those in the payroll industry, after the quiet summer period September should be a time to be motivated and to adopt that ‘back to school’ thinking. It’s important for teams not to be stagnant. In the ever-developing payroll industry, adaptability is key and so learning shouldn’t stop just because you’ve left school—in payroll and HR it’s all about continuous learning.18 September 2018
The multinational payroll industry is set to be worth 4.8bn by 2021, yet, despite the evident power of payroll, only a third of multinational organizations have a global payroll provider. Instead, they rely on a disparate selection of multiple local providers and therefore have no access to collated data or a clear insight into their employee attrition, engagement, or retention.30 August 2018
Is your HR and payroll team feeling the heat this summer? With the weather heating up, most of us want to get out and enjoy the sun or escape on a holiday. However, with more staff members out of the office, this can mean that the payroll team might be running on reduced numbers. And, typically, less team members results in a higher workload for those in the office. This is where HR and payroll technology can help, giving HR teams a well-deserved summer holiday.3 August 2018
The HR and payroll industry is in a constant state of change. New laws and regulations are introduced around the world, some of which—including GDPR—change the way the whole organization handles its processes and services.26 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 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.3 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
Technological advancements are helping to turn a vision of digitally accessible, automated payroll processes into reality. Here’s five predictions for the future of payroll:5 December 2017
A recent survey carried out by SD Worx revealed that out of 4,000 European employees surveyed, 44% had been paid late by their employers and 48% of those that had been paid late had also been paid incorrectly. The research exposes several risks for businesses associated with not paying their employees correctly: let’s explore the top three.13 November 2017
If someone was to ask you how much your payroll operations cost, would you know the answer? It seems like a straightforward question, yet the answer for many HR professionals is often hard to pinpoint. Understanding – and therefore being able to make future projections – about how much your payroll costs requires a clear appreciation of various business components.10 October 2017
The objective for payroll professionals used to be simple: all they had to worry about was paying employees accurately and on time. As organisations increasingly look beyond local domestic boundaries, the complexity of payroll operations has expanded and evolved so that the level of payroll sophistication has increased As a result, the needs and requirements of organisations globally have become more complex.6 August 2017
With Britain voting to leave the EU last June, 2016 was a big year for pan-European news. And, while the full implications of Brexit remain to be seen, it is clearly creating much discussion amongst business leaders who are already starting to plan ahead for the legislative changes that will no doubt impact both their operations and compliance.
One of the business areas most likely to be affected is international HR and payroll, so with that in mind, ‘Brexit and Business’ will be one of the key themes at our upcoming 2017 SD Worx European Conference. This year’s event will be bigger and better than ever before, taking place on the 8th February at London’s Hilton on Park Lane.