2019 will be an exciting year for Payroll with innovative technology such as RPA being at the forefront of operational improvements. We have put together a list of the 3 key ways technology can help improve Global Payroll processes and generally making the life of the payroll professional that little bit easier!
Payslip Global Payroll Software Targets Multi-National Employers To Meet GDPR Challenges With €1million Investment
Global Payroll Software company, Payslip, today announced a €1 million investment, led by Frontline Ventures and AIB, and leading Technology Investors, Tribal, Bloom Equity & Enterprise Ireland. Payslip delivers innovative global payroll management...
Ryanair and holiday in the same sentence is normally a happy one. Where are you off to? Yippee. Holiday time. Not at the moment with the current furore over pilots’ annual leave and reported ‘mismanagement’ or planning. When Ryanair announced their massive...
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As a company goes global, payroll needs to be a key consideration. Worryingly many business leaders rarely consider payroll operations beyond the basic requirement of paying employees, failing to realize the strategic value of payroll data and its core function for their entire business. Establishing an efficient global payroll is essential for successful international expansion.
But first, we need to go back to basics and fully understand, what is global payroll and why is it important for international business?
Big data has changed our daily lives significantly and affects companies across every industry. It offers HR and payroll departments a big range of analytic possibilities.
Learn what are the pros and cons of big data analytics and how your multinational organisation can benefit from it.
Blockchain technology has become extremely popular over the past several years. However, as it becomes integrated more heavily, we’re seeing some of the challenges blockchain applications have yet to overcome. From open source security to regulation, blockchain has some issues to resolve before reaching its full potential. Read more here.read more
This year, the Payslip team will once again have the pleasure of attending the American Payroll Association (APA) Annual Congress in Long Beach, California. Our team will join thousands of hardworking payroll professionals from all around the world to attend educational workshops, networking events and to discuss emerging industry trends.read more
Global organizations are continuously adopting technology solutions looking to improve and innovate, meet the demands of their workforce and reduce risk and costs. Changes in payroll departments are a sensitive area so ensuring that payroll keeps pace with the rest of the organization is key.
Here, we look at some of advantages of emerging technology and automation, and how they will affect global business.
In 2018 the Tax Administration Service (SAT) created a payroll viewer tool which provides employees access to check the information included on their payroll receipts issued by their employers.
In February 2019, SAT informed that the same consultation tool was created for employers, enabling employers to verify the employee information that SAT holds and validate the correct stamping of payroll receipts.
This infographic prepared by our Latin America payroll partner J.A. Del Rio explains payroll viewer in detail and the Global Payroll impact.
Blockchain technology is poised to impact many industries such as banking, finance, insurance, accounting, real estate, etc. In a highly regulated industries such as HR and payroll, transparent system like blockchain can reduce discrepancies and save time.
Read our latest blog post to learn how blockchain can be used in global payroll and what are the risks and benefits for multinational organisations.
How smart is your global payroll? I don’t just mean the people in it – I’m sure they’re stellar – but how good is the payroll function at using its data to find new insights? Global payroll analytics offers you the chance to turn your payroll into more than a mere data processing center by offering the entire business a new level of insight.
Global payroll systems produce a wealth of useful data, including information including employee work hours, overtime allocation and payments, sickness and pension benefits, and tax codes. While these may be useful for operations, companies are missing a trick by not using them for longer-term analysis and planning.
Global Payroll is moving into the digital era and companies are utilising smart technology to run payroll on a global scale. Many payroll departments now deal with the challenges associated with managing payroll across several international countries while remaining compliant with local laws and regulations.
Spreadsheets have their place in a business but that place is not to run a successful multi country payroll.
Stay ahead of the game and read our article to see why its time to say goodbye to the spreadsheet!
Adopting a global payroll system is a cost-effective and efficient change for the company.
However, becoming a global business presents both opportunities and challenges.
Here we discuss some of the challenges that Multinationals face when implementing global payroll and how to overcome them.
This year St. Patrick’s Day falls on Sunday 17th of March, so in Ireland the day after (Monday 18th of March) is an official bank holiday. Read our article and see how St. Patrick’s Day is celebrated around the world and access some helpful tips for Irish bank holiday payroll.read more
Organisations often get into trouble over payroll errors caused by reliance on a manual system. The cosmetics firm Lush is just one of the recent examples of a “significant” payroll error. Read our latest article to find out what are the most common errors and why it is imperative to introduce an automated payroll system.read more
A global payroll department has many critical areas: accuracy, timeliness, funding, service, and many more. When it comes to relationships, one relationship qualifies as critical: your relationship with your payroll provider.
Learn which steps you should take to, not only manage your payroll provider, but also to establish a relationship with them.
Increasingly companies are seeking to expand their global footprint to chase new revenue streams. This has payroll implications that companies need to consider as part of any exploratory process. As companies become more global, however, the need for greater compliance and standardization across jurisdictions becomes a critical success factor.
Read our article to learn which are the key points for multinationals that can make their Multi country payroll successful.
Global mobility is a challenge that affects both employers and employees. Increasingly, workers are on the move: in a recent survey, nearly 70 % of business leaders agreed that global mobility was an enabler of business and talent strategies. Unfortunately, though, only 3% rated their companies as ‘world class‘ when it comes to actually carrying out these global deployments. How can you best help your staff as they move abroad? Read our tips to achieve Global Mobility success.read more
Colombia’s economy is South America’s third largest and one of the most attractive in the continent for foreign investment. However there can be challenges when it comes to starting a business in Colombia, more specifically when paying your employees. Our Latin America payroll partner J.A. Del Rio have prepared an excellent infographic explaining the main Colombian salary types and how they affect payroll.read more
As a company grows and expands internationally so too must is processes. Growing internationally means implementing a new global payroll process. Companies can grow through acquisition increasing international headcount overnight or as part of a strategic growth decision. Whatever the situation is, a global payroll process that works for the key stakeholders is vital to international success. Payroll is a core part of any business and effects people’s lives directly, so it is imperative it is done correctly and on time.read more
For a country only about the size of California, Sweden displays remarkably solid economic growth, a robust education system, and a high standard of living for its near 10 million citizens.
Here are the key points companies should consider when setting up in Sweden from a Global Payroll Perspective.
No matter how close your team might be, you should always be prepared for a fraud by employees.
Here are the main forms of payroll fraud and what can you do to prevent them.
2019 will be an exciting year for Payroll with innovative technology such as RPA being at the forefront of operational improvements. We have put together a list of the 3 key ways technology can help improve Global Payroll processes and generally making the life of the payroll professional that little bit easier!read more