In 2023-2024, Chinese enterprises have accelerated their pace of globalisation, facing complex challenges in international payroll management. Effective global payroll management is crucial for employee satisfaction, corporate competitiveness, and the compliance and efficiency of cross-border operations. In the ever-changing international environment, a well-structured compensation strategy is key to attracting and retaining global talent, thereby achieving sustainable development for enterprises. This article discusses insights into global payroll management from three aspects: compliance considerations, localisation experience, and information technology.
Firstly, ensuring compliance in global payroll management involves several key areas such as laws and regulations, data protection, audit preparation, labour rights protection, and cross-border payments. Each of these areas has an extensive policy framework requiring cross-border collaboration and real-time updates to policies and processes to maintain continuous compliance.
By thoroughly addressing these aspects, enterprises can manage global payroll more comprehensively, reduce legal risks, and maintain their corporate reputation. Moreover, fostering a corporate culture centered on compliance, where adherence to regulations becomes second nature for employees and the organisation, creates a conducive environment for the healthy development of the enterprise.