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Global payroll
Refers to all the practices needed to administer payroll to individuals across the globe.
Global payroll is really an umbrella term. It refers to all the policies and practices needed to administer payroll to individuals across the globe based on where they reside. It is about calculating the wages, withholding taxes, any benefits and/or bonuses owing, and any other items as required by local laws in order to be in compliance. Solid global payroll practices are required by those who have global employees, in order to remain compliant with employment laws and regulations.
Related Glossaries
Per diem
Per diem is a Latin word that means by (per) the day (diem).
Misclassification
Misclassification refers to that of an employee’s status.
Employment status
Refers to the status an employee has with an employer. Are they a contractor, or an employee?
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