Webinar Invitation – Driving Globally Strategic Payroll: The Paradoxical Journey to Greater Efficiency and Innovation

When:
16th July 2014 17:00 UK (BST)
16th July 2014 09:00 Pacific (PDT)
16th July 2014 12:00 New York (EDT)
16th July 2014 24:00 Singapore (SGT)
16th July 2014 18:00 France (CET)

Registration Link: Click here to register for the 12:00PM EST session

16th July 2014 23:00 UK (BST)
16th July 2014 15:00 Pacific (PDT)
16th July 2014 18:00 New York (EDT)
16th July 2014 06:00 Singapore (SGT)
16th July 2014 24:00 France (CET)

Registration Link: Click here to register for the 18:00PM EST session

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Understanding Payroll in the Netherlands: Part I

As organizations increasingly leverage the global market to grow their business and advance corporate goals, a local presence in those new markets is often essential to success. And for companies looking to expand their business to Europe, the Netherlands represents a premier destination for the growing multi-national organization. Not only does it contain major entrance hubs to the continent, but the nation is very welcoming to foreign investment and is home to a well-educated, hardworking population. Continue reading

Brazil: Challenges and Opportunities in a Growing Market

All eyes seem to be on Brazil lately. Not only will the nation play host to the next World Cup and Summer Olympics, but its emerging economy continues to put it in the spotlight. As the country continues its rapid growth trajectory, and was recently designated as the seventh-largest economy in the world, the country has become a prime destination for multinationals looking to expand their global presence. Continue reading

Payroll in China: Emerging Trends in an Evolving Economy

As companies continue to leverage growing markets around the world to meet business and consumer demands, China has emerged as a prime destination. At present, the nation is the largest contributor to global growth, and will be for some time, offering almost unlimited opportunities for organizations to expand their business. Indeed, its emergence in the global economy, and the opportunity it presents, are why China is often among the top places for the expanding multi-national organization to establish operations, especially for those companies based in the U.S. and Western Europe. Continue reading

Trends in Global Payroll: What We’re Seeing

The last decade has been one of constant economic volatility for almost every country, regardless of geographical location or market maturity. Only now, more than six years after the height of the downturn, conditions are starting to improve. How do we know this? Being in the payroll industry gives CloudPay a front row seat to what is going on in the economic landscape, and you can’t ignore the numbers. Based on the increasing headcount among our clients, we can see that the global economy is steadily improving. Continue reading

Time to Rethink Your Global Payroll Strategy: Part II

As mentioned in the first part of this series, multinational organizations face a complex set of challenges when compensating employees in different countries. However, more companies have recognized the benefit of utilizing a single global payroll platform. Such a solution can automate the payroll process for all locations, while eliminating the need for different bank accounts and multiple third party vendors or systems. As a result, companies can benefit from a more efficient payroll process that brings significant process improvements, mitigates security risk and results in lowered costs. Continue reading

Time to Rethink Your Global Payroll Strategy: Part I

In today’s business environment, it is increasingly common for companies to establish operations in new markets and hire employees beyond their own borders. In doing so, they are often met with the significant challenges of handling payroll for employees in different countries, often with their own unique languages, cultures and currencies. Not only that, but when employers disperse payments to multiple countries, they must do so in compliance with the multitude of rules and regulations regarding cross-border payments, many of which change rapidly and can differ from city to city within a country. Continue reading

Reflecting on 2013 and Looking Toward the Future

Since we began over 15 years ago, CloudPay has been singularly focused on providing multi-national organizations with the tools and technology to enhance the way they compensate their global employee base. This mission has been an ongoing journey, and it will never end.  Each year brings new challenges to our clients – such as complying with the rapidly changing regulatory environments of the world – and we remain vigilant, continuing to update our solutions and develop new ones that best meet their needs. Continue reading

Understanding SEPA and What it Means for Global Payroll: Part II

As mentioned in the first part of this series, the implementation of the SEPA initiative throughout the European Union will have a significant impact on how employers compensate their employees across the EU by streamlining the cashless payment process. Under this directive, organizations will benefit from paying the same payment transaction fees regardless of whether a payment is to an employee within the company’s own country, or to another SEPA country. Employers also benefit from robust payment instruments, such as SEPA direct debit, which allow them to charge from an account in one SEPA nation for services provided by employees in another country.

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