Managing a global workforce is a difficult challenge. You must not only comply with multiple local regulatory frameworks, but you must also find a means to motivate and engage your workers, who all operate within different cultures and agendas.
Payroll accuracy is critical, but how can you control a global payroll?
TopSource Global payroll capacity can benefit your company by delivering a completely managed or centrally coordinated solution in collaboration with your current payroll provider or TopSource personnel. The advantage for you is that a supervised procedure with a single point of contact ensures that everyone is paid on time and that any escalations are handled effectively.
Our market-leading technology platform facilitates GDPR-compliant sharing of local payroll information and provides direct data access to both customers and local payroll providers. TopSource will ensure that the dataflows required to execute payrolls are correct and uninterrupted.
The service we provide includes analytical data for payroll and compensation spend, with the format and data items that a customer may wish to see agreed upon during our proven onboarding process.
We also collaborate with internal colleagues to guarantee that activities in other countries are controlled, and because we understand the worldwide market, our local experts can advise you on the best way to set up your business and payroll function.
We also work effectively with our human resources department. When it comes to changing management demands for your employees, our strategic HR consultation team can help. In addition to projects such as global engagement strategies, organisational change, and TUPE / redundancy interventions, we have extensive experience in employee relations and generalist HR challenges.
What are the advantages of outsourcing your Global payroll to TopSource?
- We are always reviewing our service in order to assist you become more efficient.
- Our user-friendly technology enables us to analyse data while also notifying stakeholders of impending responsibilities, ensuring that nothing is overlooked.
- We give you with a single point of contact, so you don't have to worry about knowing every TopSource in every country in which you do business.
- Because we are familiar with local requirements, we can assist you in remaining compliant.
Types of global payroll providers
Global payroll providers are typically divided into two types: partner-dependent global payroll services and owned-entity global payroll services.
Both sorts of service providers may manage payroll for businesses in nations all around the world. Both types typically offer all three of the service types described in the preceding section. However, only a few suppliers have their own local businesses, while others rely on third parties in their covered nations to supply their services.
Providers of global employment solutions who rely on partners
Global employment solutions providers who rely on partners outsource their services to third parties in the countries where they operate. Working with a partner-dependent service may make sense in the near term, but insufficient intellectual property rights and a typically unpleasant experience for employees managed by partner-dependent providers (not to mention exorbitant expenses) limit this option's utility in most circumstances. Avoid this option whenever possible.
Global employment solutions providers with a wholly owned subsidiary
Employers employing in overseas countries might use owned-entity global employment solutions services for full payroll, benefits, compliance, and tax services. In contrast to partner-dependent services, owned-entity providers own their own entities in the nations they serve, eliminating the need to outsource. This model provides stronger protections for intellectual property and invention rights, as well as a dramatically improved employee experience.
