Globalization

On the Edge

Malaysia is nearing the transition to a high-income, developed economy, but several factors could stand in the way.

By Marta Chmielowicz

Despite the setbacks of COVID-19, Malaysia is likely to make the transition from an upper-middle-income economy to a high-income economy in the next five years. This transition is not an easy one; in the past 30 years, only 33 countries have transitioned to high-income status. Navigating the next stage of development offers an opportunity to assess the quality and sustainability of Malaysia’s economic growth and highlights the need for tough reforms and policy changes.

Making Moves

Enabled by technology, AXA has built a strategic mobility program critical to achieving business goals. By Debbie Bolla Global mobility is a key aspect to AXA‘s talent management strategy. Headquartered…

Falling Downward

Worldwide employment rate staggers from COVID-19’s impact.

By Larry Basinait

2020 was a year like no other. The United Nations estimates that the coronavirus pandemic caused the equivalent of more than a quarter of a billion lost jobs. The UN’s International Labour Organization (ILO) found that a full 8.8% of global working hours were lost in 2020 compared to the fourth quarter of 2019. That is equivalent to 255 million full-time jobs -a number “approximately four times greater than the number lost during the 2009 global financial crisis,” the ILO said in a statement.

A New Chapter

The finalisation of Brexit is creating compliance challenges for U.K.-based companies that rely on international talent.

By Simon Kent

In the closing days of 2020, the U.K. and EU finalised the deal that would see Brexit achieved. Now that the agreement is in place, however, questions still remain as to how international talent can be managed.

The Impact of Remote Working on Payroll

Strategies to maintain payroll and tax compliance now that employees are working anywhere, anytime.

By Matthew Blaker and Michael Van Den Brand

At the moment, the only thing certain about business is that nothing is certain. The impact of the COVID-19 pandemic has made it more challenging for businesses to understand what “normal” looks like. Uncertainty combined with the elevated need to protect the health and safety of the workforce has meant that flexible and remote working is a viable solution for many. However, it is not without its complications when it comes to HR, payroll, and business operations.

A Strong Finish

Despite economic turmoil largely caused by COVID-19, the overall worldwide employment environment in the final quarter of 2019 was stable.

By Larry Basinait

Cognizant of Change

Head of HR Pradeep Bhaskaran shares his organisation’s tech strategies for managing an agile and collaborative international enterprise.

By Simon Kent

In 2007, Pradeep Bhaskaran joined Cognizant to oversee HR for 10 countries around the world. Today, that number is 47. As head of HR for global growth markets, Bhaskaran is responsible for more than 60,000 associates across 52 nationalities that speak 34 languages. And those figures are only set to grow.

Bridging Borders

International employment laws and regulations vary widely -even among the countries within the EMEA region.

By Simon Kent

Whilst companies may wish to view their businesses as covering a unified EMEA region, employment law means that such unity can only ever be superficial. Even without the complexities of Brexit, deploying a consistent set of employment policies can seem impossible. “Some inward investors might consider Europe to be a single territory for business purposes,” says Helga Breen, head of the employment practice in London at global legal business DWF. “The reality is that each country has its own legal and regulatory framework and societal and cultural norms.”

Moving Forward

Innovative technology advancements are changing the global mobility landscape.

By Simon Kent

A recent report from the RES Forum shows that there is still huge untapped potential for the use of technology in aiding global mobility. The report suggests that areas such as pre-assignment support, payroll processes, and repatriation could all benefit significantly from digitalisation. The report’s author, Professor Benjamin Bader, senior lecturer in international HR management at Newcastle University Business School in the UK, says the sector is only just beginning to adopt technology and the future of the function is still up for debate.

Future-Proof Payroll

New research finds organizations are moving to cloud-based platforms for global and compliance capabilities.

By Pete Tiliakos

Payroll transformation has become a priority for many organizations, finds NelsonHall’s annual Next Generation Payroll Services study. Historically, payroll has long been treated as a simple cost center, and frankly, many payroll departments have gotten by with disparate and outdated -albeit reliable -platforms that lack global reporting capabilities and require burdensome manual processes. And in some cases, payroll has been overlooked when it comes to allocating funding to improve the operating model.

Will Unemployment Rates Continue to Fall?

Organizations are faced with a precarious worldwide economic environment and tight labor market in the first quarter of 2019.

By Larry Basinait

Coming off a strong year in 2018 where unemployment continued to fall in many countries, global growth in the first quarter of 2019 declined. The International Monetary Fund cut its outlook for global growth to 3.3 percent this year, the lowest since the financial crisis of 2009. A range of threats are menacing the global economy, including the possible collapse of negotiations between the U.S. and China to end their trade war and the departure of Britain from the European Union without a transition agreement.

A Culture of Connection

A global workforce with dispersed employees can be brought together with technology and a human touch.

By Rachel Mooney

For HR professionals, the rise of the digital workplace presents an exciting but challenging opportunity. Technology has effectively blurred the lines between work and personal lives while enabling new opportunities for recruitment and retainment. There has also been a growing appreciation and awareness of the link between healthy brains, productivity, and achievement, as well as an acceptance that different types of employees produce their best work in different types of workspaces.

Overcoming Uncertainty

Strategies to remain compliant as Brexit becomes a reality.

By Simon Kent

To say European businesses having been operating in a time of uncertainty could qualify as the understatement of the year. From the moment the U.K. voted to leave the EU to just before Brexit is meant to take place, there have been huge questions raised concerning the right of employees to work across countries within the EU and beyond. Frustratingly for everyone, answers have been few and far between, leaving organisations to speculate on what they might need to do to secure and manage their international workforces. Some are even faced with the prospect of having to prepare for every eventuality.

Taking Flight

David Wilkinson’s strategy for Boeing’s global talent management is ready for takeoff.

By Debbie Bolla

With nearly 20 years of experience managing talent around the world with stints in London, Dubai, and North America, no one is better suited to pilot success for Boeing’s new global approach to human capital acquisition than David Wilkinson. The global infrastructure and operations director has been tasked with building a foundation that enables the tech company to compete for the best candidates in its many divisions. Here, he shares the challenges of the current market, the technology that empowers Boeing’s candidate experience, and how to reach talent on a global scale while embodying a local relevance.

Getting the Most From Mobility

New research reveals four trends driving successful programs.

By Mary Stoik Dymond

The mobility industry is constantly evolving to meet company goals and employee needs, especially in the midst of globalization, tight labor markets, technology innovations, and multiple generations in the workforce.

A Tight Labor Market Continues

North America and APAC report solid economic growth while EMEA wanes.

By Larry Basinait

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for all multinational enterprises. Global labor market intelligence is an invaluable tool for HR departments and can be used to inform critical decisions around the best countries and regions in which to grow. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today magazine to produce quarterly reports that compile current international labor market figures, including measures such as national Gross Domestic Product (GDP), unemployment rates, and population estimates.

Complications in Crossing Borders

Recent immigration regulations are creating new challenges for companies who rely on global talent.

By Marta Chmielowicz

Recent changes in U.S. immigration policy are creating roadblocks for American businesses and their employees -especially those who rely on global talent. According to Envoy Global Inc.’s 2017 Immigration Trends Report, globalization in the business world is on the rise. In fact, 55 percent of employers expected to hire more workers from overseas in 2017, up from 34 percent in the year prior. In addition, 63 percent of HR leaders claimed that hiring international employees is very or extremely important to their talent acquisition strategy -a significant leap from 42 percent in 2016.

Global Unemployment Near Record Low

North America and APAC continue to show strong economic growth. By Larry Basinait Deploying a global workforce and ensuring access to the best talent is a crucial component of success…

Higher Learning: Lessons in Leadership

VP of HR Antonio Climent shares the secrets to building culture and a strong leadership pipeline for Laureate International Universities.

By Marta Chmielowicz

Expanding into new international markets is fraught with difficulties. From aligning cultures to ensuring talent gaps are filled, multinational organisations can struggle to adapt to the norms and realities of their many areas of operation. But with the shift of economic activity from Europe and North America to markets in Africa, Asia, and Latin America comes a renewed need to manage global organisations. In fact, according to the McKinsey Global Institute, 400 midsize emerging-market cities, many unfamiliar in the West, will generate nearly 40 per cent of global growth over the next 15 years.

Global Unemployment Report: Q2 2018

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. Global labor market data is an invaluable tool for multinational…

All Over the Map

Best practices for managing a remote workforce.

By Jo Deal

Remote work is no longer just for independent entrepreneurs, distant employees, or gig-economy workers. Smart companies are realizing they need to go where the talent is, even if that means hiring someone away from their offices. Remote work also does not exclusively refer to independent employees based away from a main office. It includes employees and teams who communicate and collaborate across multiple company offices -a reality that global organizations have embraced for a long time. Having this physical distance between teams requires companies to adapt and learn how best to manage and motivate when everyone is not in the same building.

Achieving Payroll Globalization

Payroll complexity remains a major challenge for multinational companies expanding into new international markets.

By Marta Chmielowicz

Payroll today is about much more than just paying employees. It is about ensuring that their personal data remains secure while navigating ever-shifting legislation and privacy regulations, unstandardized solutions, changes in workforce structures, and rapidly advancing technologies. And when international operations are added into the mix, the complexity of payroll can seem even more overwhelming. In fact, according to NGA Human Resources’ 2017 Global Payroll Complexity Index, the only constant in global payroll is constant change.

On a Roll

Recent research shows the payroll market continues to grow, driven by technology and global reach.

By Gary Bragar

NelsonHall’s most recent Payroll Market Analysis shows the global payroll services market is estimated at $18.1 billon with a 4.1 percent annual growth rate. The multi-country payroll market is growing at nearly two times the rate of the overall market, representing nearly 17 percent of total standalone payroll service revenues.

Outlook Looks Good

Data projects 2018 global economic growth to increase by 3.1 percent.

By Larry Basinait

To explore international labor markets, companies must first consult global labor market data. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today to produce quarterly reports that compile current international labor market figures, including measures like national Gross Domestic Product (GDP) and unemployment rates over time, from countries across the globe. This data reveals critical information about the state of the talent pool, working conditions, and recruitment needs of various countries and regions. It is an essential tool for predicting fruitful locations for expansion and recruitment, thereby allowing multinational companies to stay competitive in talent acquisition.

Globalization

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