Our Global Payroll Calculator provides your business with a tool to get instant estimates of the total cost of employment, as well as employer contributions and employee taxes.
Ordinarily, you might have to wait weeks for accountants or payroll service operators to provide your company with accurate estimates for the cost of employing foreign employees overseas. The GlobalizationPedia calculator delivers up-to-date payroll calculations of countries worldwide to simplify the process of managing global payroll and expanding internationally.
Benefits of Utilizing the Payroll Calculator:
For International Employers:
- Access a full breakdown of expected employer and employee contributions in your target market of expansion.
- Gain the ability to create an early budget for your total payroll costs of managing your global workforce overseas.
- Receive gross & net salary calculations.
- Provide HR staff with an easy-to-use planning tool.
For International Service Providers:
- Providing clients with fast and accurate information relating to their impending hiring decisions.
- Being able to provide transparent data concerning employer contributions and employee taxes.
- Improving your organization’s credibility.
- Receive gross & net salary calculations.
Planning Your Global Payroll Implementation
One of the most overlooked aspects of the globalization process is making sure that the payroll system for your global workforce is running smoothly. If payroll checks start coming in late and employers don’t take immediate action to resolve the issue, this can result in higher employee turnover and morale problems in the workplace. So when implementing your global payroll overseas, you want to make sure that you have procedures in place to keep payroll running smoothly and keep foreign employees happy.
For many companies expanding overseas, partnering with a PEO provider that has global payroll solutions will often be a time and cost-saving alternative to managing payroll remotely from your headquarters overseas. This gives foreign employees a sense of security and trust in being able to speak with their payroll provider who has expertise on their local laws and regulations. At the same time, the system of outsourcing your global payroll frees up your local HR staff to focus on continuing to manage the local operations of your business.
What Should I Look For in a Global Payroll Solution?
There are a few benefits that a quality global payroll solution should provide. First, it should provide support for managing all salary updates, compliance with local tax codes, employment laws, benefits, and attendance reports. Next, it should be capable of managing the complex process of data consolidation and provide clients with a breakdown of their spending. Additionally, a global payroll must be able to handle the complications that can arise from a company having full-time, part-time, and contract based employees on staff at any given time.
