Secure Global Payment Platform
The process begins with the collection and processing of workforce data. The service provider uses expert insights on local tax laws and regulations to calculate and manage payments, taxes, and deductions for global talent.
This includes everything from basic salary to bonuses, allowances, and statutory contributions such as social security and pension funds.
Once the payroll calculations are completed, the multi-country payroll solution ensures accurate and timely payment to employees in their local currency.
This is typically done through a secure global payment platform that can handle cross-border transactions efficiently.