Expat payrolls - a corporate headache
Managing international payrolls is highly complex and resource intensive activity, but vital to your company’s operations. The outsource services offered to companies employing expatriates extend from payroll services and tax compliance through to relocation management, medical insurance, psychological support and final repatriation support. Experts in providing these services can save you time, expense and frustration whether for one employee or hundreds.
Payroll service solutions usually include managing expatriate accounts payables, multi-country tax compliance, accounting, treasury, and information management and reporting.
Outsourcing your expat payroll to a specialist may include selected payroll activities or a full suite of integrated expatriate payroll services. The main benefits are:
- Control over expatriate payroll and reduced overall costs
- Payments into the employees selected bank accounts
- Legal and tax compliance in both the home and host countries
- Accuracy and reliability of on-time payments in any currency
- Remittance of all necessary taxes to the appropriate tax authorities
- Strong controls and transparency of information
Additional Support Services
Assistance to employers with other regulatory issues and compliance with local laws is a natural extension of the payroll services. Some of the more useful services are:
- Design and implementation of remuneration policies including base pay, benefits and bonus structures
- Preparation of contracts of employment
- Management of the employer's obligations relating to industrial relations
- Assistance in processing passports, visas and work permits
- Employee medical insurance and health and safety support
Both international companies and their key staff and expatriate workers can benefit financially by outsourcing their international payroll services. This complex and time-consuming process can be handed to specialists to manage so that you can focus on your core business.
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