GLOBAL PAYROLL MAGAZINE
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Partnering with global payroll providers with expertise in managing global contractor payments – companies with the right levels of expertise will also have their own technologies designed to enhance payments, improve visibility and reinforce compliance mandates. Providing comprehensive training and support to employees involved in managing contractor relationships. When everyone is on board and understands the implications and ramifications of cross-border payments, they are less likely to make costly mistakes. Ultimately, ensuring clear, ongoing communication across payroll and HR teams and with the global contractor workforce will encourage collaboration and transparency and mitigate many of the challenges that arise during the payroll process. These strategic steps and investments are essential to ensuring smooth payment processes and positive working relationships. The future of global payroll: Digital efficiency Today, there are many sharp and smart service providers with increasingly intelligent solutions helping companies overcome the pain points associated with managing a global contractor workforce. Over the next year, technology will only become even more invaluable to the business. Companies will lean on its evolving architecture and capabilities to increasingly adopt digital payment solutions that allow them to benefit from gig workers and
the remote work economy without compromising on time, costs and compliance. Compliance and transparency will, of course, become even more important within the payment space and this will be reflected in the continued evolution of regulatory frameworks governing contractor engagements. Companies that pay attention to these changes and stay informed, proactive and agile will easily be able to navigate these trends – potentially even stay ahead of them – thanks to their investment in trusted partners and solutions that prioritize the efficient and timely payment of their contractors. This proactive approach empowers companies to stay in control and adapt to the changing landscape.
About the Author Rick Hammell
With over 16 years of experience in Global HR Operations management, Rick
Hammell is currently the Founder and CEO of Helios, a new HCM and Payments platform launching later this year. He is also the Founder of Atlas, an HR Tech company he established in 2015. Driven by his dedication to streamlining global expansion, Rick pioneered the innovative Direct Employer of Record business model, specifically designed to support companies with ambitious international aspirations, while fostering equitable opportunities for businesses to compete on a global scale.
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