Our September newsletter discusses strategies to simplify global payroll and compliance, India amendments to labor laws, and challenges companies face when managing international payroll.
Strategies to Simplify Global Payroll
Each year you make a plan, budget, and create new initiatives. Payroll is often overlooked as an operational expense, not as an area for improvement. But when it comes to global payroll, there are always enhancements that can be made.
If you haven’t evaluated your payroll process across all countries, you could be missing out on some key benefits. And on the flip side, you could be at risk of non-compliance. As labor and payroll regulations change, it’s time to look at your global payroll and see if there are ways to improve, enhance, or simplify. READ MORE
Amendments to India Labor Laws
With the economy struggling during the COVID-19 lockdown and hundreds of firms and their workers on the path to insolvency and unemployment, state governments in India made significant changes in their application of labor laws.
These changes were announced earlier this year by three BJP party-ruled states, including UP, MP, and Gujarat. Other states ruled by the opposition Congress party, Rajasthan, and Punjab, as well as BJP-ruled Odisha, have also made some changes. On the surface, the change in labor laws is meant to incentivize economic activity in Indian states. But, at what cost?
Overcoming Global Payroll Challenges
Companies face many process and integration challenges when managing employees in the US and overseas. Lack of insight or access to real-time payroll costs can also add to the complexities of managing a multi-national business.
One of my new clients has offices in the US, Canada and the UK. They were using a large US-based payroll company to manage payroll for the US and the UK. What could possibly go wrong? READ MORE