GLOBAL PAYROLL MAGAZINE
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A global talent pool brings huge advantages with the option of bringing in skilled employees for a single project or as part of a permanent team, for a reason or a season. But as we open the floodgates to new talent, we multiply the compliance hurdles companies must economic growth. By empowering organizations to reach new markets, maximize growth potential, and contribute positively to the global economy, Helios envisions a world where global expansion is achievable for every organization. The platform offers essential tools, About Helios Helios, a leading innovator in Human Capital Management (HCM) and Global Payments, provides a cutting-edge technology platform that enhances productivity, offers data-driven insights for strategic decisions, and revolutionizes industries to drive global expansion and expert guidance, and AI-driven support to streamline hiring, management, and payment processes, enabling seamless collaboration and unlocking new opportunities for teams worldwide. Helios' enterprise-grade tech platform supports various business operations, from hiring contractors to managing global payroll, transcending geographical boundaries and ensuring compliance with local regulations for diverse workforce. For more information, please visit:
There is a flip side though. On-demand pay increases the complexity of the payroll process, increasing the risk of errors. Employees may receive overpayments and spend their wages before mistakes can be rectified. Variable amounts such as overtime, bonuses and deductions complicate things further, as do calculations for tax withholding and compliance considerations for different countries and regions. Introducing automated systems can mitigate these risks for companies willing to hear and respond to employees’ needs.
navigate. Some remote working policies put limitations on global remote working, placing limits on time, location or frequency, for example. Still, with the rules and regulations around globally remote working struggling to keep pace with changing needs, the onus is still on employers to follow the rules. Here, once again, a pragmatic dialogue between HCM and payroll can be the difference between a happy employee and a job vacancy or a compliant company versus a C-suite receiving a stack of fines.
Adopting a ‘glocal’ mindset
www.helios.io.
Organisations receptive to global payroll integration with HCM can streamline employee data management. This reciprocal relationship leads to payroll’s core goal being met — employees receiving the right pay, on time, every time, enhancing transparency, ensuring compliant practices and cooperation with all other areas of HCM. Conversely, if we overlook the positive impact of integration, then we risk damaging valuable data and the stability of the global payroll process. What was once considered a global remote working trend has now become the new normal for many employees and freelancers. Employers have had to be proactive by introducing globally remote working policies to retain existing personnel and attract new talent in a tight labour market. Global Payroll + HCM = Future of Work
As an organisation grows its workforce across borders and embraces global expansion or a global talent pool, the challenge of localisation raises its head. HR processes, payroll, and compliance requirements suddenly multiply as new regions and cultures come into the company fold. However, the potential headaches of such complexity can be mitigated with the right HCM About GPA The Global Payroll Association (GPA) can help with your global payroll needs, no matter how complex; connecting you with the world’s leading experts and vendors and offering payroll, HR and financial professionals an invaluable networking forum. With international events and country-specific training, regular webinars, a mentorship program, a monthly e-magazine and the prestigious annual Global Payroll Awards, the GPA is a one-stop shop for and champion of the global payroll community. For more information, please visit: and payments technology, streamlining workforce management by uniting all HR functions in one platform.
globalpayrollassociation.com
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Global Payroll + HCM = Future of Work
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