Global Payroll refers to the process of managing employee compensation across multiple countries. It involves calculating salaries, taxes, and benefits while ensuring compliance with local labor laws and regulations. Companies with international operations often use global payroll systems to streamline these processes and maintain consistency in their payroll practices. Implementing a global payroll system can help organizations reduce errors and improve efficiency. It typically involves using specialized software that integrates with other human resources systems. This allows for better data management and reporting, making it easier for companies to handle their workforce, including employees, contractors, and freelancers worldwide.