Custom Payroll Calculator

The Payroll Calculator is a SaaS (Software-as-a-Service) solution designed to calculate taxes and hiring costs for businesses that operate in any of the 190 supported countries

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Seven / Case Studies / Custom Payroll Calculator

Overview

A global PEO (Professional Employer Organization) business 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: Converts gross salary to net pay and vice versa, providing a tax breakdown
  • Monthly and Yearly Cost Projections: Offers detailed monthly and yearly employment cost estimates for accurate budget planning
  • Local and Foreign Talent Support: Calculates payroll for both local employees and expatriates, considering specific tax and bonuses
  • Precise Comparisons: Allows users to instantly compare employment costs across different countries

Comprehensive Tax Breakdown:

  • Employer and Employee Tax Splits: Provides detailed breakdowns of tax obligations for both employers and employees
  • Personal Income Tax, Allowances, and Tax Brackets: Automated calculations based on the up-to-date tax brackets and allowances ensure accurate payroll figures
  • Additional Values: Includes mandatory social security contributions for each country and more

Built-in Compliance:

  • Ongoing Data Validation: Payroll calculation algorithms are constantly updated to account for local law changes, ensuring up-to-day compliance with tax legislation
  • Expert Explanatory Notes: Provides notes explaining the regulatory context of each calculation, allowing complete understanding

HR and People Planning:

  • Accurate Payroll Figures: Assists in planning overall HR strategies, including the appropriate mix of full-time employees and contractors
  • Operational Salary and Tax Information: HR calculates and provides essential salary and tax details to the finance team and potential new hires

User Interface

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

Compliances

Include global & country-specific regulations

AI Technologies

Advanced solutions tailored to each project

Client Reviews

Slide

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 Resources Company

Managing Director


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