GLOBAL PAYROLL MAGAZINE
73
obal: Global ments
“Fortunately, with the revolutionary capabilities of payroll technology and Human Capital Management platforms, organizations can seamlessly manage the complexities of global remote talent.”
While progress has been made in simplifying and streamlining approaches to global contractor payment, companies still have opportunities to improve their efficiencies. One of the biggest pain points is finding an easy and efficient way to pay people across borders. There are many layers to international payments, and they apply to every global contractor within the business.
Global payments: Friction points The global payroll market has become increasingly important over the past year. Factors such as the global pandemic, economic volatility, geopolitical instability and ongoing regulatory changes across different regions have changed its shape. Organizations must find ways to effectively manage payments to contractors across borders despite the complexity.
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