Companies that manage global employees and payroll sometimes believe that the status quo is better than making any changes. But when you’re talking about global operations and payroll, what you don’t change could be hurting your organization. Evolving regulations and in-country requirements not only put your company at risk for fines and penalties but mismanaging global operations could also make your employees leave due to inaccurate payroll or benefits.

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Multinational companies face many challenges as they begin and maintain operations in new countries. Language barriers, business customs, and hiring new employees are just a few of the hurdles. Managing costs, maintaining compliance, and having a clear view of the overall operations is an ongoing struggle for most companies. But what makes global companies unique is the desire to look beyond current operations and see what potential is ahead in unknown territories.

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The majority of my career has been in business-to-business sales. While I have worked in more than one industry, the one constant has been a continual evolution of how we interact with our prospective and current clients.

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On a scale of 1 to 10, how satisfied are you with your global payroll operations? Do you have real-time access to your payroll data across all countries and currencies? Is your multi-country payroll all on one platform? Is there help available when you need it?

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Managing payroll and HR for employees across 10 countries is challenging, but when your systems are not working and not working together, it becomes impossible. One of my clients was facing tax filing issues and service concerns with their current payroll provider and had no transparency or integration between HR and their international payroll. Compliance was quickly becoming a major concern for their management team, so it was time to make a change.

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Multinational companies have quickly learned in the last month that business disruption can happen at any time and under many circumstances, especially when it comes to Global Payroll. The COVID-19 pandemic has turned operations upside down and companies have had to provide a variety of services to employees to keep the business going in the most challenging environment.

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Following the guidelines of GDPR in the EU, China has made new updates to the draft of the Personal Information Protection Law (PIPL) for processing and transferring personal information across Chinese borders. This new legislation will regulate personal information processing and transfers to regulate entities across borders as well as within China.

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From worker protests to political unrest, natural disasters or the threat of a new pandemic, there are challenging obstacles for multinational companies to deal with each year. How do you keep employees safe, maintain operations, and focus on business goals when there are many unforeseen threats beyond your control?

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Setting up new operations in a new country can be a very exciting time for your organization’s growth; It can also be incredibly challenging. Here are a few best practices when moving into a new market or country:

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Implementing payroll in new countries is not easy. In-country regulations, compliance, ensuring statutory requirements are met is just the beginning. One of my recent clients came to Blue Marble with several challenges and needs for their global payroll. Some of the biggest issues for them were lack of visibility across all countries, and local in-country compliance concerns.

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