Global Compensation Services
Managing compensation and payroll administration can be complicated. Demand for compliance reporting continues to increase, forcing global mobility professionals to chase data from a variety of sources including:
u u u u u
Home and host payroll Local accounts payable Relocation providers Compensation and benefits Global vendors
There must be a better way to bring together benefit planning and administration with compliance reporting requirements–the answer is closer than you think. With Paragon’s Global Compensation Service, you’ll have global expertise and a world of data at your fingertips.
Our Global Compensation Services Planning and Accruals:
Compensation Accumulation:
u Pre-decision cost estimates u Tax calculations in over 80 countries u Real-time estimate to actual reporting
u u u u
Calculation of Benefits:
Local disbursements Equity and long-term incentives Benefits in kind (e.g. auto) Other vendors
Aggregation of Data for Reporting: u Compensation worksheet management u Automated calculations u Flexible custom calculations Global Payroll Facilitation:
u Reporting for local compliance (shadow payroll and/or tax filings) u Wage updates (add to earnings) Year-End Coordination:
u Payroll instructions in configurable formats u Collection of pay slip data u Reconciliation to ensure delivery
u u u u u
Global project manager Tax provider coordination Payroll updates Fiscal year reporting Global Statement of Earnings
Why Paragon Relocation for Global Compensation Our Global Compensation Services focus on establishing a partnership with the client’s tax provider, allowing the client to maximize the benefits of both relationships. Paragon works with both the tax provider and client to define reporting requirements, identify the data to be collected, and establish an efficient collection program using a robust system to achieve Total Compensation results. By having the first and best line of sight to assignment benefits and related data, Paragon’s compensation team focuses on proper identification of data through our system in a usable format that meets the needs of the global tax provider. In addition, Paragon has the tools and staff to calculate and interface with payroll as it relates to recurring compensation worksheet benefit payments. Payroll instruction and reconciliation requires strong communication skills and procedures. Paragon works directly with your global payroll teams, ensuring policy benefits are received and programs are consistently administered. As relocation specialists, we offer a broader understanding of the overall assignment and of our clients’ company culture and goals. This knowledge, coupled with strong data analysis skills, correlate to quick identification of any missing compensation. Paragon provides a strong administrative service with project management complements that support our client’s ability to leverage its provider network for the best overall value. Additionally and possibly most importantly, Paragon’s Global Compensation Services offer significant cost savings over working through traditional tax providers.
Paragon Data Flows Local Accounts Payable Items Paid Outside of Payroll but Made Locally and Other Reportable Compensation
Payroll Global Statement of Earnings in
Country-specific Pay Slip Data: (ADP/Oracle/SAP)
Relocation Operations Expense Data Vendor Bills Management Fees
Recurring Assignment Allowances Calculated/Managed by Paragon Compensation to Payroll
About Paragon Relocation Paragon Relocation is the premier partner of choice in the global mobility industry providing innovative programs, value-added support, superior customer service and thought leadership to our clients and the families we relocate. Our mission is to provide an extraordinary customer experience, one family at a time. Paragon Relocation has been providing relocation services since 1987 and supports services in 150 countries. For further information, please visit www.paragonrelocation.com.
Global Headquarters 633 East State Highway 121 South Suite 520 Coppell, Texas 75019 USA +1.972.819.5100 International Headquarters Unit 1 First Floor College Business & Technology Park Blanchardstown, Dublin 15 Ireland + 353.1.811.6630 Services Worldwide The Americas Europe Middle East & Africa Asia Pacific www.paragonrelocation.com info@paragonrelocation.com
Š 2014 Paragon Relocation