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Global Work Glossary

Lost in a maze of global employment jargon? Find your way out with our handy collection of work and HR terminology

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Global Payroll

What is global payroll?

Global payroll refers to the management of employee compensation on a multinational scale. This includes managing wages, taxes, and benefits as well as navigating the different tax regulations, labor laws, and currency variations across countries.

Ensuring efficiency is one of the major challenges of managing global payroll. Differing tax codes and reporting requirements make managing payments complex and payroll teams must take into account ever-changing currency rates to ensure that employees receive the right amount of money at the right times.

Meanwhile, employment laws add further complexity. Each country has its own set of rules governing issues such as working hours, leave entitlements, and termination procedures. Global payroll systems must be able to take into account all of these variations, ensuring that payroll processing aligns with the legal requirements of each company.

A global payroll system such as Multiplier is critical to ensuring a seamless payroll process. In one dashboard, users can pay teams across countries, ensure compliance with local laws, convert currency, manage benefits, and withhold the correct amount of tax. Automated tools speed up the process of calculating figures and creating payslips further saving time and stress for HR teams.

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