ner’s Perspective: oll Outsourcing
U.S. payroll, but there are some options to consider: The company could follow an outsourcing strategy similar to outsourcing U.S. payroll where each country’s payroll functions are outsourced to a service provider in that specific country. For example, if a company has operations in five countries, then five separate payroll service providers are engaged.
legal employer of the company’s employees in a specific country. A hybrid model that includes a blend of the different outsourcing approaches. Depending on the service model chosen, the level of flexibility and control an employer will have over its payroll processes may be significantly limited. Of course, even if payroll functions are outsourced, the company still retains
Alternatively, a single service provider could be engaged. Payroll aggregators involve a single service contract and single point-of-contact for the company. In the previous example, instead of managing five separate service contracts and providers, the company only manages one. Engaging an Employer of Record (EOR), which is a firm that acts as the
04:05 I 35
ISSUE 8 GLOBAL PAYROLL MAGAZINE
Made with FlippingBook - Online magazine maker