The challenge of protecting company, employee, and consumer data is an evolving, ever-present factor in global business today. For large enterprises and small multinationals alike, maintaining compliance with existing and incoming legislation across operations means staying on top of changing global requirements while adapting processes as needed — a task that is much easier said […]
No matter how it is planned, implementing a global payroll solution is a tremendous undertaking. Just gathering the information required and plotting the sequence of country rollouts can be daunting for even experienced project managers. Add in the fact that a large number of payroll transformations coincide with similar overhauls in human resources, and the challenge intensifies. […]
For a function so integral to the success of any organization, payroll doesn’t get a lot of attention outside of the people who run it. Yet, everyone at a company relies on it, it’s typically the largest cost center, and it tends to be responsible for more up-to-date, company-specific data than any other department. Which […]
When it comes to selecting and optimizing technology solutions for core business operations, decision-makers often struggle to weigh organizational needs and goals against the cost of modern systems. It’s a balancing act: the business needs a better solution, but it also needs to manage costs. Unfortunately, the challenge of reconciling those two facts often results in […]
Since 2007 the industry-leading business magazine Forbes has ranked the world’s largest economies in order of business friendliness. The annual report draws on data available from multiple renowned sources to evaluate 161 countries according to 15 different factors ranging from taxes and technology to personal freedom. To create their 2019 list of the Best Countries for […]
In the past few years, leading economists and business analysts have increasingly focused on the rise of superstar firms as a newer phenomenon shaping our global economy. Attaining practical insights from the analysis, however, has been a challenge, in large part because the definition of a ‘superstar’ has varied widely. That changed last year, when the […]
Although calls for equal pay for equal work have intensified in recent years, the concept is anything but new. Efforts toward improving wage equality date to the early nineteenth century, when newly unionized female workers in industrialized nations like the UK took action to negotiate wages closer to those earned by their male coworkers. The […]
Technology is advancing faster than most global organizations can consider their current needs, a reality that carries particular weight when it comes to essential functions like payroll. While the beginning of the millennium saw significant advancements in software solutions for areas like human resources, sales, and IT, payroll today is keeping pace and even furthering related systems […]
It’s a long-standing story in the payroll industry that one provider can’t satisfy all the payroll needs of a global company. With all the differing regulations and constantly changing requirements, the story goes, only local or regional providers have the expertise and access needed to properly process payroll across various locations. The fault in this […]
Although payroll is one of the more fundamental business needs, our understanding of the function and its implications remains minimal at best. In fact, many business leaders rarely consider payroll beyond the basic requirement of paying employees, failing to realize the strategic value of this core function, which often represents the largest cost center of […]
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