Custom Payroll Calculator

Overview

A global Professional Employer Organization approached us to develop the Payroll Calculator as an automated and streamlined service to extend their business offering and to address several key challenges:

• Accurate Payroll Calculations
  Eliminating errors and delays in payroll processing for a globally distributed workforce
• Compliance with Local Regulations
  Ensuring up-to-date payroll compliance with diverse and complex local tax laws and employment regulations across different countries
• Cost Comparison
  Identifying the most cost-effective hiring locations by comparing employment costs across multiple countries
• Tax Breakdown
  Automatically calculating personal income tax, progressive bracket-based tax, and more for each of the 190 supported countries

Key Functionality

We developed a SaaS solution in the form of a web application and an embedded widget for third-party applications to extend the reach of our client. It includes:

Total Employment Cost Calculation:

• Gross-to-Net and Net-to-Gross Calculations
• Monthly and Yearly Cost Projections
• Local and Foreign Talent Support
• Precise Comparisons

Comprehensive Tax Breakdown:

• Employer and Employee Tax Splits
• Personal Income Tax, Allowances, and Tax Brackets
• Additional Values

Built-in Compliance:

• Ongoing Data Validation
• Expert Explanatory Notes

HR and People Planning:

• Accurate Payroll Figures
• Operational Salary and Tax Information

Value Delivered

• Calculation Algorithm
  Ensures the accuracy of payroll calculations across the supported countries
• Tax Law Compliance
  Accounts for every tax legislation change and incorporates them into the calculations
• Employment Cost Comparison
  Helps businesses identify the most cost-effective locations for hiring by providing detailed cost comparisons
• Third-Party Widget
  Allows the client to expand the reach of their SaaS solution on third-party partner job portals and corporate software

“The calculator that SEVEN developed was successfully launched, which proven profitable and valuable. We were very impressed by the knowledge of the consequences, both technical, financial and others, which SEVEN team has helped us avoid. Their professional recommendations during the whole process of product development has helped us save costs and time too.”

Human Recource Company

Managing Director

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