Ultimately you will need to determine the rules that apply to those activities in each of your locations. One way to ensure you create an exhaustive list of business activities is to review it with seasoned personnel in recruiting, HR, payroll, finance, and operations in each of your locations. Given the varying rules that apply to different classes of workers, understanding the compliance requirements applicable to each class at a country level is imperative. It is necessary to view the business activities being performed in each country and call out any unique processes that are geography-specific.Īdditionally, companies often employ multiple classifications of workers simultaneously, including full-time, salaried employees, contractors, or temporary workers. Your company may also engage in more complex processes, such as expatriate employment, or obtaining cross-border work visas, further enhancing its risk landscape.
HCM-related activities include standard processes such as recruiting, hiring, payroll, compensation and performance management, time and attendance tracking, and off-boarding and termination, to name a few. Your organization’s business activities and employee classification strategy directly affect its compliance landscape. To start, you must first understand your organization’s business activities. Compliance at its most basic level can be broken down and viewed across three risk dimensions:īy understanding where your company fits within each risk dimension, you can build a clear picture of the compliance activities required of your company and work toward successful compliance management. Given the myriad laws and policies that can apply to your organization, it is helpful to have a framework to illuminate your circumstances. The first step is to understand the compliance landscape for your organization. But what does that really mean in the global context of HCM? How does one navigate the complex and ever-changing landscape of requirements within a country or across regions of the world? How does an organization make sense of what to comply with in the first place?
Compliance is “the act or process of doing what you have been asked or ordered to do.” In your global payroll arena, it means conforming to the governing laws, regulations, and guidelines-or facing legal action including financial penalties.
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