How does Workday handle international payroll requirements?

Workday effectively addresses international payroll requirements by offering multi-country payroll processing that ensures compliance with local laws. This capability is crucial for organizations that operate in multiple countries, as each country has its own regulations concerning taxation, benefits, reporting, and labor laws.

By integrating local compliance features into its payroll system, Workday simplifies the complexities associated with international payroll. This allows companies to centralize their payroll operations while still adhering to the specific legal requirements of each jurisdiction in which they operate. This localized approach ensures that organizations can manage diverse payroll processes seamlessly, reducing the risk of non-compliance and associated penalties.

In contrast, the other options highlight methods that do not fully address the essential need for compliance with local laws and regulations. Centralizing payroll without local compliance can lead to significant legal issues, outsourcing to third-party vendors can create inconsistencies and complications in management, while requiring payment in a single currency ignores the practical necessities of local economies and employee needs.