Managing International Compensation and Payroll Administration — At Reduced Costs
Although managing compensation and payroll administration for international assignees can be complicated, SIRVA makes it simple. We collaborate to design a solution that is right for you, and then handle those tasks that can be time consuming to manage, including:
Comprehensive Cost Estimates
SIRVA estimates the cost of each global assignment so you can make informed decisions and accurate financial projections. Each cost estimate is customized according to assignment length and company policy, including:
- base /bonus compensation
- assignment allowances
- hypothetical taxes
- relocation and destination services costs
Cost Model Matrix
SIRVA’s Cost Model Matrix is tailored to your specific mobility policies. By providing data that enables you to compare the cost of services from different locations, it takes the guesswork out of cost analysis so you can focus on what is truly important – a successful relocation.
SIRVA prepares the initial compensation balance sheet and maintains the balance sheet data over the life of the assignment. Assignees are notified prior to pay date when compensation elements will change.
Payroll Instructions and Delivery
SIRVA will prepare and deliver payroll instructions to your local payroll teams providing:
- local currency
- local payroll codes
- within local deadlines
By submitting your local payroll delivery results to SIRVA after pay date, SIRVA can perform a full reconciliation of amounts instructed versus amounts delivered.
SIRVA provides the necessary standard and ad-hoc reporting for effective assignment and financial tracking purposes, which assists in maximized reporting compliance. Financial reporting includes:
- total compensation / cost collection
- active, new and repat assignee listings
- budget to actual reports
- expense management / policy exceptions
Expatriate Policy Counseling
With mobility specialists around the world, our team members guide your assignees throughout every stage — beginning the day the assignment is approved to the day it’s completed. Counseling topics include:
- overview of company policy
- review of assignment compensation elements
- notification and explanation of compensation changes
Managing your international compensation and payroll administration doesn’t have to be complicated when you leverage the expertise of a leading global relocation company. Work with SIRVA and you’ll realize how easy it can be.