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Flexibility
Companies able to adopt a ‘glocal’ mindset — recruiting, operating and paying globally while adhering to and remaining conscious of local requirements and nuances — will have an enviable headstart into the future of work. By simplifying global workforce management Companies able to adopt a ‘glocal’ mindset — recruiting, operating and paying globally while adhering to and remaining conscious of local and payroll, organisations can welcome growth opportunities, confidently step into new territories and grant employees the bespoke working experience they seek. requirements and nuances — will have an enviable headstart into the future of work. By simplifying global workforce management and payroll, organisations can welcome growth opportunities, confidently step into new territories and grant employees the bespoke working experience they seek. Pay in multiple currencies Facilitate expense reimbursements Manage vendor payments When HCM tech also incorporates payment tech, organisations can also: Ensure timely accurate pay anywhere in the world When HCM tech also incorporates payment tech, organisations can also: Deal with regionally varying payment methods Automatically calculate and withhold staff taxes Deal with regionally varying payment methods Pay in multiple currencies Facilitate expense reimbursements Automatically calculate and withhold staff taxes Manage vendor payments In addition to the key employee lifecycle components, HCM systems can: In addition to the key employee lifecycle components, HCM systems can: Automate processes Accommodate region-specific regulatory requirements Adapt to new languages, time zones and currencies Guide HR through compliantly onboarding local employees Accommodate region-specific regulatory requirements Adapt to new languages, time zones and currencies Automate processes Guide HR through compliantly onboarding local employees Ensure timely accurate pay anywhere in the world
The Flex Report found that companies embracing flexible work arrangements had flourished. From 2020 to 2022, companies with full flexibility reportedly saw a 16% revenue growth above their peers, adjusted for industry differences and non-tech companies with flexible policies experienced a 13% growth advantage. The 2024 report found that The Flex Report found that companies embracing flexible work arrangements had flourished. From 2020 to 2022, companies with full flexibility reportedly saw a 16% revenue growth above their peers, adjusted for industry employers were slowly responding to employees’ needs and demands and the positive impact of remaining flexible. The structured hybrid model is gaining popularity with 37% of US companies utilising the business model in 2024, compared to just 20% in January 2023. Flexibility demands efficiency, and leveraging technology is central to this. Payroll is an incredibly complex function, and the demands of a global payroll require a sturdy and employers were slowly responding to employees’ needs and demands and the positive impact of remaining flexible. The structured hybrid model is gaining popularity with 37% of US companies utilising the business model in 2024, compared to just 20% in January 2023. streamlined foundation from which to work. Through payroll transformation, organisations are radically changing the future of payroll. Automation optimises processes, slashing the occurrence of errors by doing away with time- consuming and unreliable manual labour and increasing overall efficiency. Flexibility demands efficiency, and leveraging technology is central to this. Payroll is an incredibly complex function, and the demands of a global payroll require a sturdy and streamlined foundation from which to work. Through payroll transformation, organisations are radically changing the future of payroll. Automation optimises processes, slashing the occurrence of errors by doing away with time- consuming and unreliable manual labour and increasing overall efficiency. Flexibility differences and non-tech companies with flexible policies experienced a 13% growth advantage. The 2024 report found that
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Global Payroll + HCM = Future of Work
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Global Payroll + HCM = Future of Work
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