Multinationals invest in various global payroll models that promise to bring them more efficiency, mitigate their risk, and provide them with the best business intelligence. Of the many variations used around the world, three are the most common.
- All in-house systems in which companies employ and manage payroll personnel and expertise in each country they operate.
- Decentralized systems in which companies combine in-house global payroll management functions with separate in-country providers around the world.
- Centralized systems in which companies combine in-house payroll management functions with one single outsourced entity which manages all in-country global payroll providers.
Download our free guide, 3 Most Common Global Payroll Models, and we'll explain how each model works, how pervasive each is, what pros and cons to watch out for, and how each affects the day-to-day processes of your organization and your ability to completely understand your global workforce spend.