Celergo

4 Keys to Accurate Payroll for International Businesses

Celergo

For multinational businesses, maintaining an accurate payroll across borders is one of the most complicated tasks. Whether it’s determining how to establish a legal entity in the new country to pay employees, managing multiple international payroll providers, or even handling the exchange of currency to be able to employees properly, there’s a laundry list of items to check off to get it right.

How a SWIFT Payment Works and Other SWIFT Services

Celergo

Today, it’s quite simple to transfer money from country-to-country using international banking and services such as a SWIFT Payment. SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunications, is an extensive messaging network used by banks around the globe to securely transmit information and instructions through a standardized system of codes.

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UK Remittance Considerations for International Businesses

Celergo

Starting operations in the United Kingdom is relatively simple and straightforward compared to areas such as the Middle East, Asia, and Africa. That’s why plenty of companies set their sights on the UK being their base for European expansion and end up familiarizing themselves with UK remittance along the way. There are a couple of nuances such as the apprenticeship levy and auto-enrollment into UK retirement and pension plans for employees.

You Should Ask for SOC 1 Certification from Global Payroll Providers

Celergo

Outsourcing is becoming an expected part of business growth, especially for multinational businesses : In fact, for payroll alone, nearly 47% of U.S.-based based companies outsource these operations to a third-party provider. As companies grow and take on more workload, then more employees, and even more locations, non-core services such as payroll processing become less and less easy to manage in-house. As a result, companies begin outsourcing to service organizations.

Professional Development Your Employees Actually Want

Did you know? Language learning is a proven PD tool that many employees already want, whether their organization is multilingual or not. In this eBook, you’ll learn how language learning makes employees more productive, reduces turnover, and more.

Offshore Payroll Considerations for Growing Multinational Businesses

Celergo

Whether you’re establishing operations in one or 10 countries, there’s a chance you’ll have to evaluate offshore payroll options. Offshoring is a growing trend in globalization, as more companies explore their options for hiring diverse talent for either a lower salary or a different skill set that may not be available in their home country. According to a report by OECD, offshoring is the total or partial transfer of a service to a new country.

ABA Validation Vs. IBAN Vs. SWIFT – What’s The Difference?

Celergo

If you are using standard financial institutions to transfer money domestically in the United States or internationally, you’ll come across different standards for bank codes. In this article, we’ll identify the key distinctions between ABA validation, IBAN, and SWIFT to help you gain a further understanding of the different financial identifiers around the globe. ABA Validation: The Basics. When working with banks in the US, you’ll use an ABA routing number.

Ensuring Global Payroll Tax Compliance

Celergo

Staying on top of tax compliance requirements can be a daunting task for any business. Ensuring global payroll tax compliance becomes a critical challenge when employees are located in multiple jurisdictions. Finding ways to streamline global payroll can help ensure that income, taxes, and payroll tax withholdings are reported and remitted appropriately, helping to protect corporate reputation and shareholder value.

Global Payroll Security: Are you protected?

Celergo

Preventing Global Payroll Security Risks. In looking out across the cyber landscape, employers are apt to consider a range of data security threats, from phishing attacks to malicious attachments. It’s just as important to consider global payroll security when assessing the range of potential digital hazards facing enterprises today. The days of paper are long gone, so it’s no longer enough to lock up payroll files in a secure cabinet.

Payroll Data Retention Regulation Differences by International Region

Celergo

In our previous post , we talked about the importance of protecting what we call personally identifiable information (PII) in the US, especially during overseas operations. In this article, we’ll explore payroll data retention in further detail, going through the larger service regions around the world and looking into their unique regulatory features. From the minute you onboard a new employee, you begin collecting personal data, that in turn, must be protected.

A Training Company’s Guide to Selecting an eLearning Platform

Training companies have an opportunity to embrace the change and create meaningful change in their organizations by moving online. Discover the advantages of a digital-first approach, using an eLearning platform.

Understanding Expatriate Employees: Installment 1 – The Basics

Celergo

Written by: Eva Kolasinski, PMP CSM LSSBB. Head of Operational Excellence at Celergo LLC. So you are sending some of your local staff overseas for an extended period of time. What will that mean to your current process? Do you know what next steps you need to take? Do you understand what the term expatriate truly means? Expatriate Employees Defined.

Integrating HR and Payroll Systems Doesn’t Have to Be Painful

Celergo

For companies that operate all over the world — many of which have thousands of employees to manage — keeping track of internal business can be a challenge in and of itself. One big reason is the way human capital management (HCM) services have evolved, with different areas of employee management entrusted to different arms of the company, each with different goals and ideal workflows.

Implications for International Pay Slip Delivery Success

Celergo

To most people, an international pay slip wouldn’t seem to be a very complicated part of managing payroll. One would think it would be simple to provide these documents easily. However, when it comes to managing global payroll, this is not the case at all. Each country has a set of requirements for how pay slips are formatted and what information is required to appear on the document.

Understanding Expatriate Tax: Installment 2 – The Implications and Considerations

Celergo

Written by: Eva Kolasinski, PMP CSM LSSBB. Head of Operational Excellence at Celergo LLC. In our previous installment, Understanding Expatriate Employees Installment 1: The Basics , we learned about the differing types of expats and their distinction from locals. In this installment, we will learn about expatriate tax implications. The distinction between an expatriate and a local is important for purposes of benefits and taxation.

Explore a Roadmap to Pay Equity for Organizations Like Yours

The national conversation around pay equity has never been so hot. As employees push for better transparency, organizations are assessing and addressing pay gaps. Explore Gallagher's whitepaper, Pay Equity: The Time Is Now, to discover key insights.

International Payroll & Managing International Expansion

Celergo

Is your company growing globally? Do you need to set up international payroll? Will you payroll locally, regionally or centrally? Are you prepared to handle all of the legal requirements for managing international payroll in all locations? The complexities of managing international payroll are largely determined by the number of employees working in each location, the company structure, resources, technology, systems, and security.

BEST PRACTICES FOR GLOBAL PAYROLL INTEGRATION WITH YOUR HCM SYSTEM

Celergo

Global Payroll and HCM System integration is more efficient and cost-effective by consolidating redundant implementation activities. IMPLEMENTING HCM SYSTEMS WITH GLOBAL PAYROLL. As more and more human resources services integrate into human capital management systems, it is imperative to take a look at global payroll and the benefits of consolidating international payroll within your system.

Digital Transformation is Rewriting Work

HR Bartender

Estimated reading time: 4 minutes. I’m sure that the title of today’s article isn’t really a surprise to anyone. Technology has been disrupting business and the economy for quite some time.

Organizations: The Time to Start Recruiting is Right Now

HR Bartender

Estimated reading time: 6 minutes.

How To Create A 100% Virtual Onboarding Experience

Speaker: Workbright

Are you struggling with virtual onboarding? Whether you are making the switch to remote work or biding your time until you can get back to the office–you need a solution that works. Check out our webinar on Thursday, May 20th at 2 PM E.T. to learn more!

6 Employee Strategies for Your Non-Desk Workforce

HR Bartender

One of the concepts that organizations will want to define in 2021 is what the hybrid workforce means for them. I’ve seen it referred to as when the workforce is more equally balanced between onsite and remote employees.

Strategic Business Growth: Now Is the Time to Think Like a Startup

HR Bartender

Estimated reading time: 5 minutes. Editor’s Note: Today’s article is brought to you by our friends at ChartHop , an organization focused on helping leaders in scaling transparent, productive, and intentional organizations.

Employee Productivity Means Having a Healthy Relationship with Technology

HR Bartender

Estimated reading time: 3 minutes. I’ve been seeing a lot of articles about stress and burnou t lately. I’m sure you have too. All with some sort of advice on how to manage and minimize it. However, there is one consistent thread in all the articles – technology.

4 Change Management Strategies for Managing HR Digital Transformation

HR Bartender

There’s lots of talk about digital transformation but do we really know what it means? And everything that’s involved? One of the best definitions I’ve heard was at last year’s KronosWorks conference.

Does Your Company Need Help Solving These 4 Common eLearning Challenges?

If you want to know how to get ahead of the game and avoid the common mishaps in selling your eLearning courses, you’ve come to the right place! Lambda Solutions has identified the most common and costly challenges faced by eLearning providers today.

Talent Intelligence Should Be Part of Your Workforce Planning

HR Bartender

Estimated reading time: 6 minutes. Editor’s Note: Today’s article is brought to you by Censia , whose talent intelligence platform helps organizations find the talent most likely to succeed while simultaneously reducing bias.

Coming Soon: The HR Bartender Show

HR Bartender

I have some very exciting news today. Well, at least I think it’s very exciting. We’re launching a podcast – The HR Bartender Show. We know that people like to consume information many different ways. Some want to read, while others want to listen. And sometimes we want to do both.

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Emojis At Work Are Fine If Used Properly [poll results]

HR Bartender

A few weeks ago, I asked for your thoughts on using emojis in work-related communications. It was just an informal poll. And the outcome was pretty one sided. You’ll see by the chart above, that emojis are fine. But there is a caveat: Emojis are fine if you use them properly.

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Performance Management: Design a Modern Process That Creates Results

HR Bartender

(Editor’s Note: Today’s article is sponsored by our friends at Primalogik , a cloud-based performance management solution that provides a flexible way to manage employee reviews, 360-degree feedback, goals, and engagement surveys. Enjoy the read!).

5 Reasons Leaders Invest in Language Training

Communication is the lifeforce of any company. Without it, productivity, employee happiness, and ultimately your business suffers. Investing in language learning better positions global business leaders to see gains in organizational effectiveness as a result.

Agile Talent Strategy: Why You Need It and How to Develop One

HR Bartender

Estimated reading time: 6 minutes. Editor’s Note: Today’s article is brought to you by our friends at SilkRoad Technology , a provider of strategic onboarding solutions to drive workforce readiness and organizational transformation.

Successful Recruitment Means Being Responsive to Candidate Schedules

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at Cronofy , a global innovator in business scheduling software. It provides businesses with the technology they need to offer best-in-class interview scheduling. Enjoy the read!).

Everything HR Needs to Know About Sentiment Analysis

HR Bartender

We regularly talk about employee engagement being important. It’s good for employees because it makes them feel valued and connected to their work. It’s good for business because engaged employees are more productive and will stay. But trying to find out if employees are engaged can be hard.

6 Key Principles for Organizational Decision Making

HR Bartender

Organizations are always making decisions. And when faced with unique circumstances, they might have to make some more – including some really tough ones. Decision making isn’t easy. Some people avoid making decisions at all costs. And avoidance is a decision in itself.

Meeting Today’s Challenges for Better Organizational Success Tomorrow

According to Gallagher’s research, stress and burnout raised organizational concerns for 70% of C-suites, and 26% of employers noted a decline in emotional wellbeing. The 2021 Q2 Gallagher Better Works Insights Report: Adapting for Tomorrow explores today’s unique workforce challenges and trends.