Global payroll refers to the process of managing and processing payroll on time for contractors who are located in different countries. Performing global payroll services can be a complex task. Every country has different laws and regulations around payroll taxes, benefits, and other factors. Global payroll providers like Gusto can help companies streamline their payroll operations by providing a centralized platform for managing employee data, payroll data, and payslips, while automating many of the processes involved in paying international contractors around the world. When you outsource and use a global payroll solution from a trusted provider like Gusto, companies can save time and money while ensuring compliance with local laws and regulations.

Paying international workers in different countries can be challenging. A company would need to have a solid understanding of the tax laws and local regulations in each country—not to mention they would have to manage currency conversions and consider different payment methods. An international payroll provider like Gusto can simplify this process by providing a centralized platform for managing a payroll system, while automating the payroll processes involved in paying international contractors. Gusto can also pay in the local currency of more than 120 countries, often directly to a contractor’s bank account.

Using international payroll software can streamline the process of managing payroll data, automate calculations, and ensure compliance with local tax withholding and labor laws. This saves time and improves accuracy and efficiency. Running multi-country payroll can also provide real-time visibility into payroll data across multiple countries, allowing companies to make informed decisions about their global workforce. An international payroll provider like Gusto can offer additional benefits, such as payroll expert support and guidance.