Challenges in International Workforce Payment and Management
Did you know that 80% of firms hit roadblocks when making international workforce payments? Hiring and paying international employees involves a complex series of requirements, such as adhering to local regulations, managing taxes and dealing with fluctuating exchange rates.
Key Findings:
18%: Share of firms facing three challenges paying international workers that are highly interested in innovating cross-border payment methods
20%: Share of U.S. and U.K. firms surveyed that have not experienced challenges in paying overseas workers
25%: Share of organizations facing four or five challenges when managing or paying international workers that have increased the share of such workers in the last year
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