Payroll teams are usually overwhelmed by global payroll due to keeping up with local regulations, lack of reporting, and no control over the monthly process. In order to manage payroll effectively in any country, access to information is the key to success. If you don’t have the tools and reporting to view payroll in real-time, things can quickly get out of control.

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The phrase “you don’t know what you don’t know” is usually not used in global payroll conversations – but what if “what you don’t know” is hurting your business and bottom line?

Payroll reporting in the US is pretty straightforward – you can easily view what you’ve paid employees and it’s all in US dollars. But what happens when you are managing employees in multiple countries and currencies?

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If you look at all of the components of managing a global business at once, you can quickly be overwhelmed with the logistics, plans, and compliance issues. With the right research and tools, your global operations can easily run smoothly within the local in-country requirements.

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For many employees, the three magical words that make their world a little bit more beautiful are, “Today is payday.”  Of course, a payday is a joyous event for almost every worker, but what about the people at the other end of the spectrum? They need to ensure that the payroll goes as smoothly as possible. However, that does not always happen.

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One of the world’s fastest-growing economies and one of the most populous countries in the world, India is a great place to expand your business for one main reason: access to affordable and competent talent. With 1.4 billion people, India is just behind China when it comes to population, and unlike China which is a highly concentrated “domestic-business-focused” market, India is relatively more open.

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Following the August 2020 elections in Belarus, protests began in opposition to the election of Lukashenko, who has been president since 1994. Worker strikes and protests due to the election are impacting the country’s labor and economic outlook. Amnesty International reports that the government is pushing back against private trade unions through arrests and other means.

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As the end of the year approaches, companies need to prepare for payroll and tax reporting requirements in each country. If you are managing payroll in multiple countries, this is no easy task – there are varying tax years, different reporting requirements in each country, and payroll and compliance regulations to factor into your plans. So how can you prepare your teams across the world for year-end global payroll reporting?

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The United States of America is the world’s largest economy and contributes about 24% to the world’s GDP. With a population of 330 million people, the US is also home to a large number of foreign talent and migrant workers who come to this ‘land of opportunities in search of better jobs and lives for themselves and their families. That being said, it is ranked one of the worst countries for workers’ rights.

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You’ve had success in the US market, but now it’s time to reach new clients, increase growth and profits, and diversify. What are some key factors to consider before you make a move to another country? Many companies want to expand, but they don’t understand the complexity of moving operations into a new country and things can quickly get out of control if you’re not prepared. Here are some global expansion considerations for global business expansion.

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Global 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 multinational companies unique is the desire to look beyond current operations and see what potential is ahead in unknown territories.

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