Global Payroll Glossary: How Immedis is Helping Organizations Comply with Employment Regulations

I am delighted to announce the rollout of Immedis’?Global Payroll Glossary,?which provides key payroll data for more than 137 countries and also includes US states and Canadian provinces. This has been a massive undertaking from many people in the business, so I want to thank them all.

What’s in the Glossary?

Each country guide provides the essential information needed to process payroll, including minimum wage, payroll cycle, information on the 13th?salary, and much more. We also include extensive information on employer taxation, leave entitlements, and termination rules.?In short, everything the payroll teams need to know and understand to pay employees and be in compliance in that jurisdiction.

The guides are downloadable, and we update each as the regulations change. Here’s an example of the first page of the guide for the UAE.

Immedis Country Specific Information

These guides are not the only way Immedis ensures you stay informed about employment and taxation legislation. Last year we launched?Immedis Country Specific Information (CSI), which provides a detailed payroll database of employee information fields needed for each country’s tax and benefit calculations and compliance requirements. As a result, payroll managers no longer need to spend valuable time researching and manually adding country-specific data and requirements, which means considerable time and cost savings for payroll teams and organizations. Immedis CSI also dramatically simplifies the global payroll director’s job by allowing any new country-level requirements to be submitted within minutes, a process that previously could take hours. As well as helping the global payroll team, CSI also improves the employee experience by ensuring timely payroll delivery as payslips reflect the individual country-specific data, avoiding payroll delays that could result from incomplete or inaccurate data.

Country Updates newsletter

As well as getting payroll country information through the platform and the Global Payroll Glossary, we also have a dedicated?Country Update?resource. Each month we issue a newsletter to all subscribers featuring all the updates for the previous month. You can?sign up?today if you have not already subscribed.

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Why do I need a Glossary then?

So, if all the information in the Glossary is already in the Immedis Platform, why did we create the Glossary?

Customers were asking for a comprehensive guide to payrolls to help them decide about moving into a new country or setting up a new payroll through expansion or M&A activity. It’s also a way to demonstrate our expertise in the global payroll industry, knowledge we want to share with organizations so that all employees are paid accurately, and organizations are meeting all local and state regulations.

Keeping apprised of any changes in tax, benefits, or compliance is an arduous task, of an already often stretched global payroll team. But with Immedis CSI, Country Updates, and our new Global Payroll Glossary, organizations can rely on Immedis to keep them informed.