Split Payroll

Split payroll refers to a compensation arrangement in which an employee receives a portion of their salary in one currency and the remainder in another currency. This system is commonly used for expatriates or employees working in international positions to manage exchange rate risks and local currency needs. Split payroll allows companies to meet the financial needs of employees living in multiple countries or regions with different currencies.

Example

An employee working in Europe for a U.S. company might receive 60% of their salary in euros and the remaining 40% in U.S. dollars to cover expenses in both regions.