Key payroll takeaways Foreign exchange movements changed cross-border payroll costs for 97% of surveyed finance executives during the previous 12 months. More than three-quarters of respondents believe their organizations are exposed to payroll-related financial risk. Cross-border payroll timing is affecting short-term cash planning and prompting finance teams to adjust funding practices. Compliance obligations extend beyond payroll calculations to worker status, withholding, social insurance, employment requirements, and reporting. Many organizations continue to consolidate global payroll data manually despite reporting broad visibility into payroll liabilities. To dig deeper, visit the original article on the Thomson Reuters blog.

Global payroll emerges as a growing financial risk as employers expand internationally, survey finds - Financial Planning & Analysis - Tax, Audit & Acctg

Nageshwaran Gopal 28 days ago

Foreign exchange movements changed cross-border payroll costs for 97% of surveyed finance executives during the previous 12 months.
More than three-quarters of respondents believe their organizations are exposed to payroll-related financial risk.
Cross-border payroll timing is affecting short-term cash planning and prompting finance teams to adjust funding practices.
Compliance obligations extend beyond payroll calculations to worker status, withholding, social insurance, employment requirements, and reporting.
Many organizations continue to consolidate global payroll data manually despite reporting broad visibility into payroll liabilities.

To dig deeper, visit the original article on the Thomson Reuters blog.