HR: bridging the divide between business expansion and talent challenges

Posted by: ADP on 1 December 2015 in Human Capital Management

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This is another of the key insights. I took away from recent research released by the ADP Research Institute®, focusing on the human capital management needs of multinational companies.HR leaders should take notice. The key to any successful new market expansion is having the right talent in place. From predicting workforce impact to identifying investment needs, HR can deliver valuable insights that will help inform decision-makers’ business expansion plans.Unfortunately, there seems to be a hesitancy to execute against talent strategies. The study found that nearly two-thirds (62 percent) of North American HR executives say they plan to boost headcount outside their headquartered country in the next one to two years.However, a recent PricewaterhouseCoopers Global CEO Survey revealed that while 93 percent of CEOs say their talent strategy must change to make their expansion successful, only a third plan to do…

3 steps to simplify global workforce management

Posted by: ADP on 1 December 2015 in Human Capital Management

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In my previous blogs, I’ve shared my key takeaways from recent research on the Human Capital Management (HCM) challenges facing multinational companies. Today, I’ll share how HR leaders can apply those insights to more strategically manage their growing global workforces.Here are my recommendations:Streamline your infrastructure. Reducing the number of disparate HR and payroll systems your company operates is a great place to start. Not only will consolidation help you more efficiently manage employee data across multiple countries and/or jurisdictions, but it will also enable you to uncover workforce trends on a global scale to inform HR decision-making.Focus on outcomes (not processes). With a unified HCM system, your HR department can shift its primary focus from administrative HR processes to more strategic initiatives that impact your company’s core business objectives. This is especially critical as companies expand into new markets and…

Integrated Human Capital Management for enterprises – what ‘better’ looks like

Posted by: ADP on 1 December 2015 in Human Capital Management

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On a pretty regular basis, our clients tell us that one of the biggest challenges they face as HR leaders is offering more strategic value to their organisations. In fact, it’s why they come to us for integrated human capital management (HCM) solutions.Specifically, they’re looking for a cloud-based HCM solution that can help them find, develop and retain great people — an integrated platform that addresses the strategic needs of HR, as well as the compliance and risk mitigation aspects of talent, benefits, payroll, and time and labour management.But just as their HCM needs have evolved, so has their need for meaningful tools and resources to help them assess and measure the current effectiveness of their efforts, and help them define a clear path to better align their HR services with their business’s strategy.An article in the July-August issue of…

Talent acquisition and tracking among top areas impacting business objectives

Posted by: ADP on 1 December 2015 in Human Capital Management

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In my last post, I discussed multinational companies’ top business objectives and challenges based on a recent study by the ADP Research Institute®. Today, I’ll share how insights from that study can help HR leaders at global companies more effectively use human capital management (HCM) to drive business performance.69% of global companies say talent acquisition and tracking is the HCM area with the greatest impact on their business objectives.Before HR leaders can take action to support their organisations’ business objectives, they must first identify which aspects of managing a global workforce will have the greatest impact on those specific goals. These target areas will likely differ from company to company. For example:Are you having difficulty keeping track of your total global headcount?Are you struggling to predict potential skill shortages in your workforce?Is the prospect of identifying and developing your company’s…

The Evolution of the Accounting Industry: Part 2

Posted by: on 21 August 2015 in Compliance, Human Capital Management

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August 21 - By Angela Lehmann 5 possible impacts to accounting professionals1. It’s going to get increasingly difficult to find employmentThe Department of Employment (the Department) states that there are 40.5 applications on average for each accounting job and they are qualified applicants with professional membership. The level of applicants per job is highest of any profession group tracked by the Department.Reportedly, the number of internet job ads for accountants has plummeted from a peak of about 15,000 a month in mid-2008 to about 5,000 a month in mid-2013.The larger accounting firms are reporting that they have not seen a decrease in the number of applicants for positions and most of these firms have drastically scaled back recruitment, particularly in respect of graduates.Pitcher Partners’ HR director Elizabeth Nunez stated, “large organisations are not putting on the volume of graduates since the…