Why compliance is one of HR’s top concerns, and how to tackle it

Posted by: ADP on 12 February 2016 in Compliance

What causes HR the biggest headache globally? The answer came to us last year when XpertHR’s first major survey on managing employees globally found that ‘Keeping up-to-date with employment law requirements’ is the biggest challenge for international HR. In case you’re wondering, the other top answers were: managing cultural differences (67.8%), recruiting and retaining the right people (60%) and getting hold of accurate pay benchmarking data (58.9%). Regulation and fines are on the increase In fact, it’s not just an HR headache. Senior finance executives also spend nearly 30% of their time each week (yes, each week!) on compliance. Statistics compiled by Jury Verdict Research show that employment lawsuits have risen 400% in the last 20 years, with the average compensatory award in federal employment cases now exceeding $490,000 (not including lawyers fees). A sizeable majority of mid-size businesses (67%) expect the...

How to manage payroll effectively across borders?

Posted by: ADP on 10 February 2016 in Human Capital Management

Poor old payroll. You can get it right 100 times and no one will thank you. But get it wrong once and all hell breaks loose. In fact, is there any more important function to management-employee relations than payroll? I would argue not. All the modern fripperies of HR, from cycle to work schemes to free coffee and gym membership, pale in comparison to getting paid accurately and on time (although admittedly, free coffee does come a close second). Payroll across borders But effective payroll isn’t as simple as updating a spread sheet once in a while. If only. It’s an ever changing balance of compliance and risk reduction that entails staying current with HR technology, complex regulations, and public policy. It affects everything from compensation and benefits, to health care and retirement programmes. This is tricky for single site...

Human Capital Management (HCM) is changing – and so should your business

Posted by: ADP on 8 February 2016 in Human Capital Management

Human Capital Management  (HCM) has been around a long time. So why is it then, that Gallup’s latest State of the Global Workplace study finds that only 13% of employees are engaged at work? Why is disillusionment so rife? One UK blog I read recently even asked, wearily, Is Employee Engagement for Millennials Even Possible? Increasing engagement and control of HCM As we all know, it’s challenging to keep core Human Capital Management functions running smoothly and cost effectively, especially as companies expand across the globe. With each new office or operation comes an unwanted inheritance of disparate information systems and new compliance risks. On top of this, HR leaders are being further tasked with promoting the company as an employer brand-of-choice in a highly competitive employment market. Since 75% of the workforce is expected to consist of younger generation Millennials by 2018,...

ADP ReThink Global HCM Conference Reveals Insights on How to Manage a Global Workforce

Posted by: on 6 February 2016 in Multinational & Globalisation

For more than 10 years, we’ve hosted our annual ADP ReThink Global HCM Conference for top-level executives from some of the world’s largest multinational organisations. This year, more than 140 clients and prospects – representing more than seven million employees around the world – joined us to learn from their peers and industry experts, to discuss global human capital management, and to see some of our latest innovations. It’s always interesting to observe that most attendees believe their people are their companies’ most important assets, despite whatever industry our attendees represent. And they are keenly interested in hearing about how other companies are managing the challenges of a global workforce. During this gathering, under the theme “Transform the Way the World Works,” we explored global perspectives on human capital management, and how a complex, ever-changing global environment influences how we...