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Global Compensation and Payroll Services (GCPS)
Mobility One – Zurich
November 2019
PwCGlobal Compensation and Payroll Services Toolkit
Why Global Compensation and Payroll Services (GCPS)?
2
Payroll reporting and delivery is one of the most visible and complex operational processes for global organizations. GCPS creates an ecosystem for efficient reporting and robust compliance.
GCPS
Finance
Achieve cost transparency, with
improved accuracy in forecasting, accruals,
and intercompany cross charges
Internal Audit
Enhance internal controls, quality, and operational efficiency
Payroll
Improve operational efficiency, pay accuracy,
and global payroll compliance
Tax
Increase compliance, mitigate risk, and broaden knowledge and exposure
to global issues
Immigration
Boost compliance for your mobile workforce, as Tax and Immigration authorities increasingly
work together
Human Resources
Streamline operational efficiency, highlight
technology needs, connect global resources, and
improve employee/expatriate
experience
Legal
Gain greater insight into global employment and
pay regulations
PwC
GCPS Modular Structure
Through our GCPS offering, we aim to provide businesses with a technology enabled end-to-end service around the management and reporting of compensation and payroll of globally mobile employees.
Equally we believe that our offering should match our client requirements and therefore we have developed a modular approach providing the flexibility to select the areas the client wants to focus on. The client don’t have to enable all modules straight away, we can take an incremental approach, something we have supported other clients to do successfully.
It is highly configurable so you can choose whether to implement an “off the shelf” or more tailored version.
Global Compensation and Payroll Health Check
Compensation data processing for Year End Reporting, Tax return
1. Dashboard
2. Cross Charge Reporting and Global Pay Statement
Global Compensation and Payroll
Management
Module 1
Module 3
Mod
ule
4 Module 2
3Global Compensation and Payroll Services Toolkit
PwC
Global Compensation and Payroll Management process
Module 2: Global Compensation and Payroll Management
4Global Compensation and Payroll Services Toolkit
Digitally enabled experience Flexible modular approach End-to-end global process keeps you ahead of the
compliance curve
Global oversight & data driven insights in real time
Payrolls
Finance
Local HR
Equity systems
Vendors
• Personal data• Compensation & benefit
data• Contract data• Entitlement reports• Bonus payments• Company car reports• Travel data• Etc.
ImportValidate
Generate
• Reconciliation• Year-end- report• Global pay
statement• Contract
compliance• Dashboards• Budget forecasting• Cross charging• Etc.
Payroll instruction
Payroll output file
Home country
Host country
ImportValidate
Generate
PwC
Without data, you can´t manage properly.Without correct data, you will manage poorly.
5
PwC 6
PwC 7
Sources People People
Key challenges in GCPS data collection
PwC
Best Practice Approach
8
Payrolls
Finance
Local HR
Equity systems
Vendors
• Personal data• Compensation & benefit
data• Contract data• Entitlement reports• Bonus payments• Company car reports• Travel data• Etc.
ImportValidate
Generate
• Reconciliation• Year-end- report• Global pay
statement• Contract
compliance• Dashboards• Budget forecasting• Cross charging• Etc.
Payroll instruction
Payroll output file
Home country
Host country
There is no need for your local payroll to interpret and assess the data. The automated process saves time and reduces errors
ImportValidate
Generate
1 3
2
GlobalData Gathering
To Local Payroll Instructions
PIs
To CentralPayroll Output
POFs
PwC
Global Data Gathering
o Homeo Hosto HQ
o Expenseso Relocation Provider o Tax Service Provider o Other Vendors
o On a biweekly/monthly basiso In predefined templateso Via secured shared sdriveo Stored in a database
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Employer
Employee
Assignment / Business Trip
Entitlement / Payment
PwC
To Local Payroll Instructions
o Taxo Social Securityo Paymento Other
o For every run
10
Payroll Instruction
1 General Informationa Employee id [anonimized] k Home/Host Host (Singapore)b Employee name [anonimized] l Assignment start date Feb 01, 2019c Employee civil status married m Estimated assignment end date Dec 31, 2021d Employee family members 3 n Payroll period Oct 19e Home country Germany o Period start date Oct 01, 2019f Home entity [anonimized] p Period end date Oct 31, 2019g Home cost center [anonimized] q PI version PP.1h Host country Singapore r Fx rate contract (EUR/SGD) 1,5447i Host entity [anonimized] s Fx rate taxation (EUR/SGD) 1,51869j Host cost center [anonimized] t Add. Info DE SV 0100
General remuneration information: YearlyHome Base Reference Salary (I) EUR 125.059,52
2 Tax
Paytype Currency Amount Descriptiona Base Salary (C) SGD 22.660,49
Total gross taxable in Host: 22.660,49
a Per Diem (C) SGD 617,88b Social Security Contribution Employee (C) SGD -1.090,56c Storage Costs (B) SGD 1.065,87d Transportation Allowance (C) SGD 2.250,00
Total net taxable in Host: 2.843,19
3 Social Security
4 Pay
Paytype Currency Amount Descriptiona Base Salary (C) GROSS amount SGD 22.660,49b Per Diem (C) NET amount SGD 617,88c Social Security Contribution Employee (C) NET amount SGD -1.090,56d Transportation Allowance (C) NET amount SGD 2.250,00e HOME NET PAYOUT (C) Deduction Net Home SGD 0,00 paid out in home
Host Net Payout SGD 24.437,81
5 Special (Please note, this block is for information purposes only and does not include amounts relevant for pay, tax or social insurance purposes in Home/Host)
Paytype Currency Amount Descriptiona Relocation Expense (B) SGD 43,03b Tax Consultant (B) SGD 632,53c Visa/Pass/Work Permit Family (B) SGD 365,50d Visa/Passport/Work Permit Employee (B) SGD 182,75
Witholding tax not applicable. Please tax the paytypes above in accordance with local tax regulations for annual tax return purposes.
In the absence of any applicable bilateral agreement between Germany and Singapore, application of the social security legislation of Singapore, if any.
Please check if all mandatory and additional voluntary contributions are agreed, at what premium and ensure that respective premiums are paid.
Please pay the gross amount in the same manner as other net payments. Taxes on gross paytypes are borne by employee in the annual tax return.
* All amounts colored in grey are not different from previous payroll period
PwC
To Central Payroll Output
o Homeo Hosto HQ
o Expenseso Relocation Provider o Tax Service Provider o Other Vendors
o On a biweekly/monthly basiso In predefined templateso Via secured shared sdriveo Stored in a database
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給与年月 201906 201906 201906 201906 201906社員番号 M168356 M163997 M220598 M242422 M255618
社員名
支給年月日 24.06.2019 24.06.2019 24.06.2019 24.06.2019 24.06.2019差引支給額 1.365.953 0 0 295.479 452.680 支給額合計 3.016.993 0 0 1.060.823 1.017.284 非課税合計 16.680 0 0 0 0 課税合計額 3.000.313 0 0 1.060.823 1.017.284
0 0 0 0 0 役員報酬 0 0 0 0 0 基本給(合計) 2.650.714 0 0 295.270 982.988 営業手当(合計) 0 0 0 0 0
海外津贴
德国支付 德国支付
No. NAME PERS COST EUR RMB 折合 EUR EUR EUR EUR RMB EUR EUR EUR RMB
1 FSE A FSE A 80XXA XXXA 3.898,72 18.000,00 2.373,33 1.250,00 486,90 8.008,95 62.592,35
2 FSE B FSE B 80XXB XXXB 7.269,45 5.000,00 653,59 1.000,00 1.150,00 10.073,04 78.723,83
3 FSE C FSE C 80XXC XXXC 1.849,61 30.000,00 3.921,54 1.000,00 350,00 7.121,15 55.653,92
4 FSE D FSE D 80XXD XXXD 1.825,95 25.000,00 3.267,95 1.000,00 350,00 6.443,90 50.361,01
5 FSE E FSE E 80XXE XXXE 4.679,14 8.000,00 1.045,74 1.000,00 1.500,00 8.224,88 64.279,90
19.522,87 86.000,00 11.262,15 5.250,00 3.350,00 486,90 39.871,92 311.611,01Total
税平衡序号
房屋津贴 税前扣款工 号 部门代号
中国支付
薪金净薪金合计
其它或调整数
姓 名岗位津贴 净薪金合计
薪 金 汇 总 表
PwC
Without data, you can´t manage properly.Without correct data, you will manage poorly.
With data…
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Thank You!
© 2019 PwC. All rights reserved. Not for further distribution without the permission of PwC. “PwC” refers to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL), or, as the context requires, individual member firms of the PwC network. Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm’s professional judgment or bind another member firm or PwCIL in any way.
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