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Oxford Economics’ Global Talent 2021 survey found 54 % of global college graduates worldwide will be produced by the world’s top emerging markets: Brazil, China, India, Indonesia, Mexico, Russia, and Turkey. What does this mean for the payroll function? The globalpayroll challenges of a remote workforce.
In our recent benchmark report, Cisive Insights: Talent Screening Trends 2021 , Cisive asked survey participants if their organization recruits internationally, and the majority (just over 75%) do. Related : Managing Background Screening for a Global Remote Workforce.
per hour from 1 April 2021. The starting-out and training minimum wage rates will also increase on 1 April 2021, from $15.12 All employers need to ensure their payroll systems and processes are updated. All employers and employees should note the minimum wage changes, as it sets a new relative benchmark for pay negotiations.
You’ll have one view across your entire global workplace—and one amazing experience. Deloitte, Deloitte GlobalPayrollBenchmarking Survey, found at [link] articles/payroll-operations-survey.html. Workforce Institute, State of Payroll Study, found at [link].
One such priority is almost certainly the employee experience (EX). As HR Future reported in 2021 , the number of HR decision-makers that highlighted EX as the most important part of their HR strategy tripled over two years to 2021. Likewise, EX budget doubled and is expected to keep growing.
An excellent candidate for automation, payroll processes typically involve huge amounts of repetitive manual work like data entry, adjustments and reconciliation. The Deloitte GlobalPayrollBenchmarking Survey reports that 45% of payroll staff in EMEA say manual payroll input is the most time-consuming aspect of payroll, for example.
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