Global Payroll Calculator

Business Challenge

Creation of technical requirements for the global payroll calculator and mockups for the new website.

Solution

The main task, which was set to the Chudovo team, was the creation of technical requirements for the global payroll calculator, a convenient tool for instant calculation in 190+ countries (195 countries planned) of employer costs by employer tax as well as net salary with taxes for local employees and external specialists. The secondary task was to consult and to redesign of current customer website and create mockups for the new version.

What is a Payroll Calculator and What Does it Do?

A payroll calculator is a tool that calculates all employment costs, including taxes. In other words, a payroll calculator helps to compare actual employment costs and payroll taxes. Each country has its own tax rules, prescribed at the legislative level. Accordingly, employer costs differ depending on the country as well as vary depending on the industry sector, and even on company size. Payroll calculations solution is used by companies for estimation and planning of employment budget. Additionally, this software can help in analyzing the market for choosing the country to open a new company branch.

Among payroll calculator advantages are the following:

• Easiness in use. The payroll calculator provides the information based on set criteria in one click. In other words, the user simply defines data/selects needed values and the system executes calculations without any extra efforts
• Usually, a calculator offers the ability to compare the costs over different countries. Although there are also solutions that calculate only for a certain region/country
• Up-to-date. The calculator makes calculations taking into account the latest tax regulations
• Also, the software gives a detailed overview of employee taxes, employer costs, and other possible contributions. The solutions help companies plan actual employment costs and payroll taxes

Often, companies hire providers to make manual payroll calculations. Alternatively, they can use the software for payroll calculations. Global payroll calculator software is rather fast and reliable in comparison to manual calculations. Automatic calculation is beneficial when it is necessary to analyze a large amount of information. Another valuable advantage of an automated calculation system – is time-saving. In addition, it helps to avoid mistakes and miscalculations.

Business Impact

Business analytics, gathering/creation of the requirements for building payroll calculations solution and preparation of the mockups for calculator integration on the redesigned site were done.

Chudovo: Custom Software Development Provider

Chudovo team is a reliable partner, who may assist your company in building software to calculate & manage payroll. Our company can help with the following types of complete payroll solutions:

• Payroll calculator – tool for calculation of employer costs & employee taxes. It is possible to develop a solution for employment cost calculations within one exact country or over different ones. The complexity of developing a calculator depends on the country and the specifics of its legislation.
• Payroll software – cloud solution or on-premises solution that automates employee payments. In most cases, such software comes in handy for medium or large organizations that have lots of employees in one or distributed locations. The payroll software solution helps to optimize and automate the processes related to the management of employee payments.

Our company has experience in creating payroll calculation software from scratch as well as maintenance of existing solutions. Our engineers can help with all stages of the software development process, starting from planning/requirements analysis and gathering up to the release and support of the created solution. Get in touch with our team to discuss the possible payroll software solutions, featured to your business!