International expansion is an exciting time for multinational businesses, but the HR challenges that arise with it can become central to the organisation’s success or failure. Why is HR and Payroll harmonisation so important for global businesses?
Human Capital Management
How Is Your Global HR Technology Performing?
80% of global companies invest in technology to streamline their HR processes, but only 20% actually improve their cost savings and meet productivity goals1. Why is this?
Most solutions promise big reductions in Total Cost of Owership (TCO). But did you know that 63% of HR TCO is hidden from view?2 Companies that succeed in bringing digital transformation to HR don’t look at tech solutions in isolation. They consider how their people will use the solutions, and what complementary services are needed to bridge gaps.
Consider these business and technology challenges:
- The average multinational manages 33 HR and payroll system3
- Non-compliance costs global companies an average of $9M every year4
- 86% of companies say they don’t have any HR analytics capabilities5
- 75% of the workforce will consist of tech-savvy Millennials by 20186
- Only 30% of employers are satisfied with their recruitment solution7
Companies are beginning to look beyond solutions that solely promise TCO reduction, to ones that enable more holistic transformations – solutions like Global Human Capital Management (HCM).
Global HCM can help you
· standardise and integrate all your systems,
· streamline multi-country payroll,
· gain visibility of global HR costs,
· deliver technology-enabled talent management
· achieve compliance everywhere your company does business
Discover more about how global HCM could transform your business in our whitepapers below.
With the continued shift toward globalisation, Human Capital Management is coming into sharp focus as a potential driver for corporate success in the global business environment. Is your HCM strategy truly ready for global growth?
HUMAN CAPITAL MANAGEMENT - WHITE PAPER
Digital communication and social media have created a surge in knowledge networks which have made global collaborative business practices possible. How can companies leverage global talent markets while keeping their HR strategies at the local level and improve Human Capital Management?
HUMAN CAPITAL MANAGEMENT - POINT OF VIEW
HR plays a key role in enabling a multinational organisation to meet its strategic goals. It helps the wider business understand what is its employees value, and what makes them productive and engaged. How can HR demonstrate its value as a strategic business partner?
Navigating the new global talent landscape means meeting the demands of an entirely new demographic. What kind of technology, processes and people do you need, to be a contender in the new tech-savvy and highly demanding global talent market?
The technology-driven connection of people and resources has forever changed the face of business. How can you leverage digital communities to drive your brand and improve the quality and morale of your workforce?