What is real-time payroll?

Real-time payroll refers to the instant calculation of gross-to-net (G2N) pay, allowing payroll teams to see payroll costs immediately after they submit data.

How does real-time payroll work?

Real-time payroll delivers faster, more accurate payroll with significant time savings by facilitating instant gross-to-net (G2N) payroll calculations.

Here’s how it works:

1. Data input: The client inputs their employees’ payroll data (such as hours worked, salary, bonuses, etc.) into the payroll software.

2. Instant calculation: At the push of a button, the payroll engine instantly processes this data, applying country-specific tax regulations, deductions, and compliance rules to calculate the G2N results.

3. Instant output: The client immediately sees the final payroll cycle result, which includes total employer cost, gross pay, and net pay.

Deel real-time payroll is built on our single, unified payroll engine. Our payroll engine has been localized for 50+ countries, automatically handling G2N calculations while incorporating local taxes, deductions, and withholdings.

What are the main customer benefits?

With traditional globally payroll providers, you typically have to wait hours or even days to see G2N calculations, with minimal visibility into costs. With real-time payroll, you get immediate payroll calculations and dramatically improved processes for HR, payroll, and finance teams:

• Faster payroll calculations: Payroll managers can move quickly from data collection to finalization, ensuring their workforce is paid accurately, with time to spare

• Immediate G2N visibility: Companies can instantly see the total cost of payroll, improving financial forecasting and workforce cost management

• Fewer payroll errors: Issues in data (like missing fields or incorrect inputs) are flagged immediately and corrected before finalization

• Extended cut-off times: With instant calculations, companies have more flexibility to make last-minute changes, reducing the pressure of early deadlines

• Greater control and transparency: Full visibility into payroll calculations as they happen, for better financial planning and compliance tracking

As a result of real-time payroll, teams have more organizational agility. The on-demand, earlier visibility into payroll costs provides these teams with actionable insights, allowing them to dedicate more time to value-added projects and strategic initiatives instead of reactive tasks.

How does Deel Global Payroll with real-time payroll compare to traditional global payroll providers?

With Deel, you get more speed, efficiency, and real-time payroll visibility while eliminating fragmented processes and delayed support. Here’s a closer look at the differences.

How does Deel enable real-time payroll?

Deel offers real-time payroll through a proprietary single payroll calculation engine. In 2024, Deel strategically acquired PaySpace, a pivotal move that brought with it a revolutionary single, universal payroll calculation engine. This engine is rapidly transforming Deel’s payroll services.

Key Deel capabilities include:

• Instant gross-to-net calculations for Deel Local Payroll, powered by PaySpace, Global Payroll, and Employer of Record (EOR) customers
• Automated compliance rules are built into every localized payroll model
• Full visibility into gross pay, net pay, and employer cost data
• Elimination of third-party engines, reducing delays and risks
• Seamless multi-country payroll from a single platform

Learn more about how Deel real-time payroll helps businesses process payroll faster, with fewer errors and greater compliance confidence.