There has been tremendous growth in the number and size of multinational companies today, leading to significant challenges in the areas of human resources and payroll.
With the increasing number of employees and office locations, it has become more difficult to control internal processes and establish communication between different parts of an organization. According to Intercomp Global Services research, the number of employees employed by the typical multinational company is 3,500. The average multinational company has offices in seven countries.
Issues concerning human resources (HR) and payroll can become true pain points for multinational companies, especially when a firm’s headcount is spread over 10 or more countries, with fewer than 100 employees in each location. A global payroll system can help.