Before implementing a new HCM platform, HR leaders must focus on the core of the payroll function: paying employees on time, accurately, and in compliance with local tax and labor laws.
While talent management is critical for businesses, many HR leaders are finding that they first need to focus on basic building blocks. Specifically, they must focus on the core of the payroll function: paying employees on time, accurately, and in compliance with local tax and labor laws. These fundamentals must be in place before they can dive into talent management that can help manage human capital and build better workforces.
Air Products, a leading industrial gases company with more than 20,000 employees in 50 countries, recently learned that global payroll is anything but basic when it consolidated its payroll processes in order to manage global payroll and HR administration more efficiently.
With global business centers (GBS) in the United States, Spain, China, and Malaysia, Air Products previously managed HR, credit and collections, logistics, customer service, and accounting with 30 different HR systems, 50 independent payroll systems, and 30 providers...Subscribe or sign in to continue reading