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ISSUE 5
Navigating the Co Multi-Country Pay
By Abhinav Sinha
Imagine this: A multinational financial services company with over 10,000+ employees in 10 countries managing complex payroll challenges.
They navigate diverse labour laws, tax regulations, and compliance requirements across multiple systems and currencies. This is a common reality for many global businesses, leading to significant operational challenges and risks. The High Stakes of Payroll Errors Mistakes in multi-country payroll have serious consequences. Non- compliance with local labour laws can result in hefty fines, legal disputes, and reputational damage. Inaccurate
payroll calculations can harm employee morale and productivity. While late or incorrect transactions are often the top cause of payroll errors, payroll organisations also face challenges in measuring and monitoring these issues. The Challenges of Multi-Country Payroll Multi-Vendor Management: As firms expand globally, they either add local payroll vendors or continue with the existing incumbent providers
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