Benefits of International Payroll Processing
Decrease liability
Companies must continuously stay ahead on compliance. An international payroll service knows what rules and regulations apply to keep you secure.
Hear from the CFO of one of our clients
Avoid costly mistakes and penalties
Being late on payroll or missing it altogether can put you at legal risk. That’s even more true when working in multiple countries. By effectively executing payroll in real time, across countries, you’ll never be late.
Increase organizational efficiency
By handing over the heavy lifting of international payroll services to a third-party, your HR team can focus on mission-critical, employee-related tasks that build brand equity and loyalty.
Visualize your processes in one interface
With a clear plan in place, an outsourced international payroll provider can plan, track, execute, and report all of your processes and data in one location.
Visualize your processes in one interface
With a clear plan in place, an outsourced international payroll provider can plan, track, execute, and report all of your processes and data in one location.
What do you get with international payroll services?
Peace of mind knowing the job is done well.
- Global payroll solutions
- Customized SOPs (standard operating procedures) for each site
- Checks and balances for compliance
- Tailored to local rules, regulations, and real-time exchange rates
- One centralized dashboard for reporting
- Procedural checks to ensure on-time payroll delivery
- Access to a team of dedicated experts
How should you choose an international payroll provider?
Good international payroll outsourcing companies tend to have one thing in common: they boast on-time success rate in an impressive amount of countries. But the best providers also offer the human element. Here are some key attributes to look for when picking an international payroll provider.
Can they fully manage the entire payroll process for you, not just the processing ?
Corban OneSource can manage the entire payroll lifecycle from closing out time and attendance to funds distribution in over 140 countries. Oust the entire headache of international payroll, not just some of it.
Can you get a human on the phone?
We offer a customer service model based on exceptional care. We pride ourselves on our communication. You get to talk to a real person, really fast, sometimes even our CEO.
Do they have a customizable approach?
We customize a solution based on your needs, so that you aren’t changing your processes to adapt to ours. Instead we offer a nimble team that can supplement yours and develop and implement best practices for increased efficiency.
Are they working in more than a few countries?
While some global payroll processors specialize in one country, we work in over 140 countries. We find this important if you already operate in more than one country or plan to grow in the future. Some regulations apply across country lines, but some will be specific to that country.
Are they well-versed in international compliance issues?
Rules and regulations become much more complex when working in multiple countries. Look for a provider that understands local laws to keep your business safe.
Payroll administration is the least strategic and most time consuming part of my team’s responsibilities; it was the perfect place to start outsourcing.
International Payroll Trends for 2020
As more companies adopt multinationalism and global growth, payroll trends will continue to take shape to adapt to international contexts. Here’s what to watch out for in 2020:
1. EOR is the norm: 58% of recently surveyed CFO’s working internationally said they use or plan to use a global employee of record in the next 3 years.
2. Technology: Another recent study found that businesses are looking for ways to reduce complexity and integrating AI and ML solutions that impact how business gets done. Companies are moving towards a single source of truth and want all their payroll processing done on a single, cloud-based interface, regardless of location.
3. Compliance: A third study found that compliance is an ever-increasing complex challenge for international business leaders and countries the world over are starting to tighten up on compliance failures.
International Payroll Outsourcing FAQs
Onboarding Process for International Payroll Services
Our team will conduct an audit to understand your unique payroll challenges. From there, we’ll give you a roadmap with clearly-defined expectations and milestones. Your team will approve the action plan, we’ll connect you with your staff member(s) and we will take over your international payroll function, offering assuredness to you and your employees. We’ll develop site-specific SOPs and employ a streamlined approach that ensures your employees get paid on time, every time.
Take the challenge out of managing an international payroll
Whether your company is growing into new markets or you’ve worked multinationally before, many business leaders ask how to pay international employees, especially considering time constraints and local regulations. International payroll providers can help sort out richly complex issues related to international payroll regulations, while distributing payroll across country and company lines.
Corban One brings ease and clarity to the process, while recovering clients lost profits above and beyond the cost of the outsourcing service. They replace your existing payroll person and create a custom solution based on your companies specific needs, all oriented through the lens of local rules and regulations. We know the global payroll processing industry well, but continue to update our understanding through ongoing due diligence and research. With our international payroll services, you can rest easy knowing your overseas employees are compensated on time and all regulations are accounted for.