Our January Newsletter is focused on improving international operations in 2018. Whether you’re updating compliance procedures, enhancing your global workforce management, or ensuring your global payroll compliance is optimized, we’re here to help!
Data Privacy, GDPR, and SOC2 – what does that all mean for your business in 2018?
With the latest changes in the EU, to data privacy laws in the US, governments all over the world are focusing on ensuring customer data, privacy, and compliance are strictly adhered to by all companies using personal data.
As there seems to be a new data breach in the news every month, the US and EU are taking this issue seriously and beginning to penalize companies severely for breaches and lack of communication. For instance, the recent data breach with Experian was known internally for several months before the public was made aware. This is not acceptable, and new laws are changing to ensure this doesn’t happen again.
So what can you do to protect your customer data, stay compliant, and avoid fines and penalties?
Click here to Read Full Article
Why a Global Payroll Review should be your Q1 Priority
I have heard from U.S.-headquartered companies that their global payroll “already works” or “everyone gets paid, so what is the value to spending time and effort to simplify the process?” When I hear that a company’s global payroll “works”, they are usually operating using one of the following three models:
- Separate local payroll provider or accounting firm for each country of operation. There are no standard procedures across all countries, no standardized reporting, no real-time visibility, and in some cases language barriers.
- Single global payroll provider for all countries that has tried to consolidate data into one system, but still using many manual processes.
- A combination of #1 and #2. Tried to consolidate all international payroll with one provider, but due to limitations, the company is still using local providers for a few countries.
A comprehensive review of your global payroll can identify areas to improve, or system/vendor enhancements that are necessary to ensure compliance. Here are other considerations when managing international operations:
Click here to Read Full Article
One Global Handbook to Rule them All
Let’s face it. Employee handbooks are notoriously boring with a reputation of being one of the most unread documents at work. On top of that, if you are an international employer, you’re faced with the additional challenge of making it relevant to your entire staff, world-wide. Do you create a separate document for each office, with a new set of policies each time you open a new branch or change a global process? That would get tiresome really fast! Luckily, there are shortcuts to make life a little easier on that front.