Is your business riding the ‘third wave’ of globalisation

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

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Did you know that we are living in the third wave of globalisation? The first was driven by the industrial revolution; the second, post Second World War, brought us the World Bank, MacDonald’s and Coca-Cola. Now the third, driven by the birth of the internet, has allowed even micro businesses to spread their reach, making national boundaries insignificant. The number of transnational corporations has tripled over the past two decades. In fact, this business model – a central global strategy with operations in multiple countries – now generates a full 25% of global GDP.With this continued globalisation shift, Human Capital Management is coming into sharp focus. Unsurprisingly, companies are turning to technology to conduct business between any two points on the globe. The digital revolution has seen global companies move top talent around the world more frequently, often overseeing short-term, strategic projects.…

How to manage payroll effectively across borders

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

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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 bordersBut 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 organisations, but it’s…

Innovation in HR technology the future of talent management

Posted by: ADP on 1 December 2015 in Human Capital Management, Innovation & Technology

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Ask anyone, what’s the key to a successful business today? I bet you 9 out of 10 would say “innovation”. (The tenth person would probably say “avoiding recessions”). The problem is that very few people know how to innovate, or even how to capture the innovation that already exists within the workforce. Innovation is certainly big in HR technology right now, in two important ways:I can’t remember a time when more HR-enabling technology came onto the market. The sheer pace of new innovative products and upgrades is astounding. To paraphrase Apple, you name it, there’s an app for it.Much of this new HR technology actually has the potential to transform businesses, and make them more innovative.Social media, apps and recruitmentExciting new tools now drive adoption and engagement, such as mobile HR apps, social media recruiting, learning on the go, along with a…

Time & Labour Management (TLM) systems can save your business millions

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

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Many in business mistakenly believe that the only way HR can save money is by making staff reductions. Others might point to retention, and the effectiveness of employee engagement and continuous professional development. But the real experts will identify payroll and time and labour management (TLM). Reducing costs with time management softwareUsing an automated system to replace the manual and time-intensive process of collecting, totalling and inputting employee time data results in substantial savings. I know this because we’ve done it thousands of times at ADP, and a familiar pattern of cost savings occur.  So I’d thought I’d share some of these with you:Lower labour costs associated with ongoing payroll processing and systems maintenance: 40%-46% less than for companies without an automated TLM systemSmaller staff teams responsible for payroll: 38%-45% less than for companies without an automated TLM systemLower average cost per…

How to define the profile of Human Resources & drive effective business performance

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

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Is there a more unloved business function than HR at the moment? A recent global survey by KPMG found that as many as one in five (21 per cent) C-suite executives fail to see a tangible correlation between the HR function and business outcomes. Nearly 30 per cent of those surveyed cited a lack of skills, resources and experience within the HR function.HR at the heart of the organizationI can almost hear the screams from HR as you read those figures! Human Resources plays a vital role in enabling a modern organizations to meet their goals, you cry! It helps the business understand its employees, what makes them productive and engaged, what makes them tick!Yes, that may be so – but how can HR professionals prove that to their skeptical executive colleagues? It’s a complex task to deal with aspects such…