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Many different industry sectors have their own distinctive payroll challenges, both domestically and for expatriate and cross-border employees. These challenges can be due to any combinations of historical, geographical, regulatory and financial factors, but activpayroll has built up extensive in-depth international market knowledge of the following industry sectors:
Oil and gas
Possibly the most complex industry in payroll terms, due to the high mobility of the workforce, the cross-border nature of many projects, the internationalism of the oil and gas employee pool and the offshore status of many oil and gas operating companies.
activpayroll has extensive experience of managing international payroll services for many global energy businesses working through its network of international offices. Through this network, activpayroll manages the payrolls and international tax affairs for client employees around the globe.
Investment
By definition, most investment businesses are international organisations and, as such, are often listed widely on a number of stock markets, so extremely high standards of governance have to be met to comply with regulatory environments like Sarbanes-Oxley. Investment companies also tend to employ high worth individuals who enjoy complex benefits packages including bonuses, stock options and share schemes.
activpayroll has wide experience of interfacing with international benefits providers and can arrange for precision payroll reporting for audit and analysis. Personal tax advice can also be provided to employees.
Aviation
The commercial aviation industry presents its own payroll challenges, with complex differential payroll scales to manage. Different flight operations, management scales and extra duties can result in over 15 distinct payments in an aviation payslip. activpayroll has wide experience of filtering this data through to the finance department in detail for cost analyses for individual aircraft and flights.
Manufacturing
In manufacturing, it is critical to be able to break down labour costs against individual component production tasks to evaluate efficiency and profitability.
activpayroll can integrate with different time recording systems to produce detailed cost analyses against many specified production elements – for example, breaking down a wage cost across twenty component production tasks.
Construction
In the UK and other countries, the construction industry has an historical issue of whether sub-contractors are employed or self-employed. Being project-based, this industry also typically has a high employee turnover and a very mobile workforce, both of which make keeping accurate payroll records a challenge.
Add to that, anomalies like old-fashioned holiday stamps and individual trade agreements, and you need a specialist payroll provider who can integrate all these disparate elements to produce meaningful reporting as a basis for accurate project profitability analyses.
Service companies
This is another increasingly international segment of the market, with globally mobile service companies chasing work anywhere in the world, in territories with widely different tax and social security issues and with the added possible complication of double tax treaties.
activpayroll has widespread experience of servicing the payroll requirements of service companies on a global basis.
Technology companies
Hi-tech companies often have their own advanced software administration systems already on board, so activpayroll retains a technical team within the company to integrate these within a single, accessible ERP system if required. As in many industry sectors, activpayroll also works hard on its educational role, helping the client to understand the importance of the payroll function and how its accurate analysis is the cornerstone of effective financial control.
Technology companies may also be highly multi-national, often in disproportion to their size. It is not uncommon, for example, for such companies to have a widely dispersed sales force, retaining individual sales executives as sole in-country representatives. While this may be an efficient sales structure, it can prove challenging in payroll terms, with a small number of employees operating under widely different tax regimes.
Haulage
This is another highly specialised industry sector in terms of payroll, with complex national agreements, rates and tariffs for elements like sleeping in cabs and exceeding speed limits. In addition, most employees still use manual timesheets because of their mobile status and activpayroll has developed effective payroll reporting systems to process this manual data efficiently and allow accurate management cost analysis.
activpayroll also works with many clients in other industry sectors, with the same commitment to educating them to appreciate the cost control potential of effective payroll systems.
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