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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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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Payroll teams in the US have figured out payroll regulations, paying employees on time, and managing new legislation and regulations each year. So it would make sense that these same skills would translate to global payroll. Yet most companies find global payroll extremely challenging and struggle to maintain compliance. Why is global payroll so complicated?

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As each week passes, new challenges arise for companies with global operations. Different employment laws, payroll and furlough schemes, and reopening strategies in each country make it more difficult to ensure payroll compliance with evolving regulations. How can you keep the company operational in each country while ensuring you’re keeping up with payroll and employment requirements?

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The UK government implemented the Coronavirus Job Retention Scheme last year to help businesses pay employees who had to reduce working hours or were laid off as a result of the shutdown. This furlough scheme has provided months of relief for workers and their employers during this ongoing crisis. But during the last year, there have been many changes in the percentage of government subsidizes – ranging from 60-80%, and these changes have been implemented with little notice.

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Managing payroll is not easy – add in a few countries, and payroll gets even more complicated. So many moving parts, time zones, languages, and systems. It’s a juggling act on a good day, but when something goes wrong, it can take months to unravel. If you’re managing global payroll, you know how difficult it can be when a problem comes up. So how can you fix a broken global payroll process?

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Payroll in every country is challenging, but when you are managing payroll across multiple countries, the complexity grows exponentially. Unique in-country payroll regulations, money movement to settle payroll in multiple currencies – the list goes on. Getting ahead of regulation changes and payroll requirements is the key to ensuring compliance, but that is easier said than done in most cases. How can you keep up?

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Australia has a GDP of more than 1 trillion US dollars, along with a sizeable middle and upper-middle-class citizenship. The country also has a thriving service sector forming 68 percent of its GDP.

Australia’s open economy has enabled it to become a major player in the global market. It was able to grow by 3.1% in the December quarter, despite the worldwide setback from COVID-19. If you are considering expanding your business operations to the country, here are some common regulatory issues that you need to know about:

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Companies often find processing payroll across multiple countries can be challenging and complicated by unique regulations, different processes in each country, and lack of data. One of my new clients was managing employees in 7 countries and was struggling with their payroll provider.

My client’s payroll provider was missing bank deadlines, which resulted in employees across all countries not getting paid for a month. There were several different wire transfers needed each month to pay employees across 7 countries, and service was a major concern. To complicate matters, there was no global reporting or integration with the company HRIS system, so my client could not view payroll in real-time or determine what issues were arising in the payroll process. The company was growing rapidly, and they had no support to set up business entities, bank accounts, and employment contracts. They also needed help with leaver requirements and received very little support from the payroll provider.

When I showed the team the Blue Marble payroll platform, WebGlobe, the team loved the technology and the ability to standardize the payroll submission process for all countries. They also were excited about our money movement services that allow Blue Marble to take one lump sum each month and distribute payroll funds in the local currency to each of our in-country payroll partners.

Blue Marble also has a consulting services team to assist with the entity and bank account set up where needed. Our hybrid service model gives their local payroll administrators access to in-country experts for immediate issue resolution and answers to any questions regarding payroll, tax, pension, and statutory requirements unique to each country. Blue Marble will allow them to scale as they grow organically and through acquisition while ensuring all requirements are set up in compliance with each new country.

As a result, Blue Marble has successfully streamlined their international payroll processes and “made our team look great in the eyes of management” per their HR Manager. As they continue to grow and bring on additional locations and entities, there will be a smooth process with all requirements in place.

If your team is struggling with multiple systems, lack of reporting and data, or service issues, we can help. Our payroll platform is designed to manage all of your employees in 150+ countries. With global consulting services, we can help you scale and set up business entities in new countries, create custom employment contracts, and more. Don’t let global payroll complications get in the way of your expansion efforts – we are here to help! Talk to us today about simplifying your global payroll and see how easy it can be.