As organizations expand and grow into new markets, leaders are dependent upon effective and compliant systems to manage global employees. Facilitating this requires a strong and flexible payroll strategy that is responsive to the changing needs of the business. Given its rapid historical growth, and continued strong growth prospects, the Asia Pacific region requires more adaptability than most other regions.
In a recent study 69% of APAC executives of global companies plan to increase employees outside their headquartered country in the next two years, presenting challenges for organizations to manage their human capital and ensure all employees are paid accurately, efficiently and compliantly.
In response, organizations are developing solid global and regional payroll strategies:
- The most successful organizations are striking a balance between increasing efficiency
and driving technology and process innovation
- Successful organizations are finding economies of scale through regional and global payroll delivery models