The benefits and challenges of the common global payroll models
Managing payroll at a multinational company can be fraught with challenges, including navigating diverse regulations, currencies and languages.
But multicountry payroll can also present various opportunities for the companies that realize its strategic importance and prioritize efficiency, local expertise and business intelligence. The key to this is finding the right way to deliver international payroll.
In this guide, we’ll walk you through:
- 3 different models of payroll: in-house, centralized and decentralized
- The benefits, challenges and overall features of each
- Questions to help you determine which one is the best fit for your company
- Advantages of choosing the right model for your business