The Bloomberg BNA Payroll Library gives you reliable, up-to-date guidance and analysis in every area of payroll administration and compliance, and includes hundreds of interactive forms and links to related federal, state, and local sites.
By Jared M. Mondschein
Organizations need to invest the necessary resources to be prepared to process payroll globally, a payroll executive said Sept. 24.
Brent Gow, global payroll director for Starbucks Coffee Co., detailed some of the lessons he has learned after many years of conducting global payroll operations for thousands of employees around the world.
Proper preparation, including developing a detailed strategy, engaging in cultural training and identifying governance, is essential in conducting global payroll, said Gow, who spoke at the American Payroll Association's Fall Forum in Orlando, Fla. Although payroll professionals generally may find it difficult to begin international operations, the process becomes more challenging if not done correctly from the start, he said.
Gow, who serves as chairman of the Bloomberg BNA Payroll Library Advisory Board, said that adequate preparation before entering the market in Brazil, for example, would allow a payroll professional to understand that the country's tax system is exceedingly complex and would be best handled in a local manner instead of through a regional payroll model.
Even in developed nations such as the U.K., some may assume that it would be easy to implement a U.S.-style payroll system because of similarities in culture, language and business. However, the U.K. has its own government regulations and payroll processes that may not be ignored, Gow said. Many organizations learn this lesson after mistakes and penalties, he said.
Becoming partners with a large and experienced payroll company or a consulting company may help give a global payroll department the tools to eventually take on payroll functions in certain countries themselves, Gow said.
To contact the reporter on this story: Jared Mondschein at email@example.com.
To contact the editor on this story: Michael Trimarchi at firstname.lastname@example.org.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)