Fragmented payroll systems - When payroll software and data are spread across multiple platforms, delays and errors multiply. An integrated approach streamlines operations, improves accuracy, and provides greater visibility across global teams. The Cost of Getting It Wrong Understanding the complexities of global payroll is just one side of the coin; the other is knowing the real cost of getting it wrong, which entails: Financial Penalties & Regulatory Risks - Late or inaccurate payments are costly. For instance, in New South Wales, payroll tax late payments attract a 25% penalty on unpaid amounts, compounding fines for poor compliance. Cross-border audits further increase the risks. Administrative Inefficiencies & Workload - Disjointed
Predictive analytics help anticipate FX volatility and potential penalties, and real- time dashboards with self- service portals give employees transparency and control, enhancing both accuracy and employee experience.
payroll outsourcing frameworks increase overheads significantly when managing multi- country expat payroll systems. Compliance Errors Amplified - According to ADP’s Global Payroll Survey, 70% of companies cite compliance as their primary obstacle in managing international payroll solutions. For expats, the complexity is magnified, and missteps can damage credibility across global operations. Employee Experience at Risk - Nothing erodes trust faster than late or inaccurate
payroll services. Mismanagement of allowances such as housing or education can directly impact retention, making employee experience a high-stakes factor in global operations. Smart Strategies to Get Expat Payroll Right Payroll complexity does not have to translate into confusion. ANZ businesses can turn expat payroll systems into a reliable foundation for compliance, accuracy, and employee trust with the right combination of:
04:05 I 41
ISSUE 16 GLOBAL PAYROLL MAGAZINE
Made with FlippingBook - Share PDF online