In case you missed it, findings from the CedarCrestone 2013–2014 HR Systems Survey noted a big shift was underway: more organizations are replacing their core HR technology products instead of upgrading their existing systems. SHL’s 2013 Global Assessment Trends report noted that fewer than 1 in 5 HR professionals are satisfied with their information systems’ ability to manage talent data; and research from McKinsey & Company cited that the average technology investment delivers less than half of its anticipated value. With all that, it is easy to see why the development of a smart HR Technology plan is vital to the growth of an organization.
U.S. government statistics cite that a majority (approximately 75%) of the world’s purchasing power is situated outside of our nation. One survey from NFIB found that nearly three-fourths of small business owners would like to expand their workforce worldwide. While global expansion offers the promise of increased business, it also presents a number of payroll challenges. One key to keeping your company on course when implementing a global business strategy is to maintain a globally strategic payroll program.