Global Gross Pay Management (GGPM) is a comprehensive system for managing employee wages and salaries. It provides employers with the ability to track, manage, and analyze employee pay data across multiple countries and currencies. GGPM enables employers to accurately calculate payroll taxes, deductions, and other payroll-related expenses in a timely manner.
Using GGPM can help employers save time and money by streamlining their payroll processes. It also helps ensure compliance with local labor laws and regulations. Additionally, GGPM can provide employers with detailed reports on employee wages and salaries, allowing them to make informed decisions about their workforce. Finally, GGPM can help employers reduce errors in payroll calculations, which can lead to costly fines or penalties.
GGPM works by collecting employee wage and salary information from multiple sources. This data is then stored in a secure database that can be accessed by authorized personnel. The system then uses this data to generate accurate payroll calculations based on local labor laws and regulations. Once the calculations are complete, the system will generate reports that can be used to analyze employee wages and salaries.