NIUM - Meeting The Demand For Cross-Border Hiring: Challenges In International Workforce Payment And Management - November 2022 - Explore how U.S. and U.K. firms are innovating to better manage and pay cross-border workforces

Meeting The Demand For Cross-Border Hiring: Challenges In International Workforce Payment And Management

80% of Firms Hit Roadblocks When Making International Workforce Payments  

The findings in PYMNTS’ new report, “Meeting The Demand For Cross-Border Hiring: Challenges In International Workforce Payment And Management,” a collaboration with NIUM, also revealed specific challenges, such as tax and local regulation compliance, and the payment innovations needed to overcome them.

Inside the November Report

  • 18%: Share of firms facing three challenges paying international workers that are highly interested in innovating cross-border payment methods
  • 20%: Share of U.S. and U.K. firms surveyed that have not experienced challenges in paying overseas workers
  • 25%: Share of organizations facing four or five challenges when managing or paying international workers that have increased the share of such workers in the last year

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    Meeting The Demand For Cross-Border Hiring Report