Airswift international payroll review – Services, prices and features explained

Airswift, a global workforce solutions provider, offers a comprehensive international payroll service designed to simplify this complex process. As businesses seek efficient and compliant ways to manage global payroll, Airswift offerings deserve a closer look. This review outlines Airswift services, prices, and features, providing businesses with insights into how this solution can support their international payroll operations.

Airswift review – Services

Airswift provides end-to-end payroll management services tailored to businesses operating across multiple countries. This is particularly advantageous for organisations with remote teams, contractors, or full-time employees based abroad. Key services include:

1. Global payroll management: Airswift manages payroll across over 60 countries, ensuring compliance with local tax laws, labour regulations, and statutory benefits. Their expertise spans multiple regions, meaning businesses can consolidate payroll operations under one system, reducing the risk of errors and penalties.
2. Tax compliance and reporting: One of the biggest challenges with international payroll is staying compliant with varying tax regulations. Airswift handles tax deductions, reporting, and filings according to local laws, removing the burden from businesses and ensuring that they meet their obligations in each jurisdiction.
3. Employment of record (EoR) solutions: For businesses that want to expand globally without establishing a legal entity in a new country, Airswift offers EoR services. They serve as the employer of record for your overseas employees, handling all administrative duties such as payroll, contracts, and benefits, while you maintain control over day-to-day operations.
4. Contractor payroll: Airswift also specialises in managing payroll for contractors and temporary workers. This includes processing invoices, ensuring timely payments, and managing currency conversions for international workers, making it a seamless experience for businesses and contractors alike.

Airswift prices

Airswift’s pricing model is customised based on the scope of services, the number of employees, and the countries involved. Unlike some payroll providers that offer fixed packages, Airswift tailors its offerings to meet the specific needs of its clients.

However, for context, the pricing typically depends on the following factors:

• Number of employees: The more employees you have, the lower the cost per employee. This is particularly important for SMEs, as pricing can scale based on size.
• Countries of operation: Managing payroll in countries with complex regulations may incur higher costs due to the additional compliance burden.
• Services required: If you require additional services like contractor payroll or EoR, this will increase the overall price.

Airswift offers transparent pricing but generally operates on a quote-based system. UK businesses should contact Airswift directly to get an accurate cost breakdown based on their specific needs.

Airswift review – Key features

Airswift’s international payroll services come with a host of features designed to simplify global workforce management.

1. Compliance assurance

Airswift prides itself on keeping businesses compliant with local labour laws and regulations. This includes up-to-date knowledge of tax rates, contributions to social security, and other statutory payments. Their team of experts continually monitors changes in legislation, ensuring that businesses avoid costly penalties.

2. Consolidated payroll management

For businesses with operations in multiple countries, managing payroll through different systems can be cumbersome. Airswift consolidates payroll into a single platform, offering businesses full visibility and control over their payroll operations across the globe. This integrated solution reduces administrative tasks and minimises the risk of discrepancies between countries.

3. Currency conversion and management

Handling multiple currencies is often a challenge for international payroll. Airswift manages currency conversions to ensure that employees are paid accurately and on time, regardless of their location. The platform supports multi-currency payments and integrates with leading financial institutions to provide competitive exchange rates.

4. Local expertise

With a global network, Airswift offers local expertise in each country of operation. This ensures that payroll services are fully compliant with local laws and that businesses have access to advice on the nuances of operating in specific markets. Localised knowledge is crucial for understanding labour contracts, tax deductions, and employment benefits in various regions.

5. Reporting and analytics

Airswift provides comprehensive reporting and analytics tools that give businesses insights into their payroll operations. This data is valuable for budgeting, forecasting, and ensuring efficient payroll management. Customisable reports allow businesses to track spending, monitor compliance, and identify any potential issues before they escalate.

6. Employee self-service portal

Employees can access a self-service portal to view their payslips, update personal information, and track time-off balances. This reduces the administrative workload for HR departments and empowers employees to manage their payroll information more effectively.

Pros and cons

Pros:

• Comprehensive global coverage with services available in over 60 countries.
• Tailored solutions for businesses of all sizes, from SMEs to large multinational corporations.
• Expertise in local compliance, reducing the risk of penalties and fines.
• EoR services enable businesses to hire internationally without establishing a legal entity.
• Flexible and customisable pricing based on individual business needs.

Cons:

• No standardised pricing model, which may be a disadvantage for businesses that prefer upfront cost visibility.
• Businesses with operations in only a few countries may find smaller payroll providers more cost-effective.
• Some services, such as contractor payroll, may incur additional fees.

Conclusion – Airswift review

Airswift’s international payroll services provide a robust solution for UK businesses looking to manage global payroll seamlessly. Their ability to handle compliance, tax reporting, and multiple currencies makes them a strong partner for international expansion.

While pricing is customised, the comprehensive range of services and features makes Airswift a valuable option for businesses of all sizes, especially those with complex global operations.

Companies aiming to simplify their international payroll processes should consider Airswift for its expertise, flexibility, and compliance assurance.

Airswift review – FAQ