Global payroll is the process of paying employees in several countries accurately and on time. It applies each country's tax, social contribution, benefit and reporting rules, usually in local currency through one central process.
Contractor misclassification is treating a worker as an independent contractor when, under the relevant law, the relationship is really employment. It can expose the business to back taxes, unpaid benefits, penalties and claims from the worker.
Permanent establishment risk is the chance that a company's activity abroad, such as staff working or signing deals there, creates a taxable presence. The company may then owe tax and filings it did not plan for.
Total cost of employment is everything an employer spends to keep someone on staff, beyond gross pay. It adds employer social contributions, mandatory benefits, insurance, equipment, statutory leave and any EOR or admin fees.
An employer of record (EOR) is a company that legally employs workers on another business's behalf in a country where that business has no entity. The EOR holds the employment contract, runs payroll and meets local employment duties, while the client directs the daily work.
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