calculating worldwide compensation can be a precarious exercise
– especially if you’re making incorrect assumptions. And, if you’re not calculating exactly right, you might be under- or overpaying your employees (which is then further compounded by inflated or deflated gross-ups). You can ground your global comp activities in a firm foundation and make them a whole lot easier to manage with Balance Sheets provided by Plus, which summarize assignee compensation, hypothetical tax deductions, payroll-remitted allowances, and split payroll situations.
our balance sheets cover a lot of ground:
they can be used during onboarding to explain compensation and specific country payroll rules, as well as for payroll instruction, to ensure your worldwide compensation for each assignee is accurate. They serve as a smart reality check for payroll, so that you can avoid short paying or double payments that can happen when there isn’t a dedicated document indicating net pay and assistance coverage.
Most of us can use a little more balance in our lives. With Plus Relocation Compensation Balance Sheets, you’ll have one more tool to level out your workload, clarify your worldwide compensation data and ensure the accuracy of your employees’ pay.