Payslip Launches Extended Workforce Module

Payslip | January 19, 2022

On January 18, the payroll control platform, Payslip, launched its newest product, called the Extended Workforce Module. It is a built-in feature that allows Payslip users to process payroll for their workers globally. It enables the automation and management of invoicing and reporting, providing users with 360-degree visibility of their workforce.

As the pandemic increased demand for extended workforce like freelancers, contractors, employer of record (EOR) workers, and foreign workers, payroll teams have been using multiple platforms to pay their scattered workforce. Payslip’s new functionality allows payroll managers of multinational companies an efficient and consolidated alternative for paying their global workers.

"The ability to set up, manage, and report on a broad range of worker types helps the organization understand the true cost of labor. Harmonizing global payroll operations further fuels a company's growth efficiency, and we're excited to extend this offering to our customers."

- Mary Holland, CCO of Payslip

The Extended Workforce Module offers categorization and processing of payroll for several types of workers while also monitoring changes in trends and data. It enables users to compare workforce costs across geographical regions and uses real-time data to promote strategic decision-making. Clients who bring their extended workforce data within the purview of Payslip will be able to standardize their process to be more compliant and secure.

Spotlight

What is a PEO?

A PEO, or professional employer organization, is an all-in-one, full-service HR outsourcing solution for small and midsized businesses. The PEO takes on complicated, time-consuming tasks across benefits, HR, compliance, payroll, tax and more – giving you the freedom and confidence to spend more time where your business needs you most. A PEO makes it simpler and more cost-effective to grow your business. ADP TotalSource is the nation's largest full-service, all-in-one PEO.

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