Cross-Border Payroll And Contractor Payments Report
Survey Shows Most Firms Need Help With Int’l Hiring and Payroll Challenges
According to PYMNTS’ new “Cross-Border Payroll And Contractor Payments” report, a collaboration with Nium, which spoke with 250 executives in the U.S. and U.K., there’s a rising need and demand for innovation that can streamline friction-filled cross-border hiring and payroll efforts that have become increasingly common.
Inside the May Report
- 47%: Share of firms that cited managing taxes as the most common challenge when hiring globally
- 60%: Share of firms that reported hiring more international workers from 2020 to 2021
- 33%: Portion of firms that said global expansion is their most important reason for hiring internationally
