Grow Your Business with Powerful Localized HR Technology
Global business expansion has always been seen as a key to success and growth. New markets can present greater opportunities and broader customer reach. However, this opportunity is not without its inherent challenges and obstacles. Whether it be hiring new talent, investing in new workplaces, or adjusting to local market practices, expansion can be a complex strategic move. But perhaps the most often overlooked concern is regulatory and legal compliance from an HR perspective. Managing a global workforce requires the right tools to remain agile and to comply with ever-evolving governmental and regulatory requirements.
In the past four years alone, there has been a large surge in legal and regulatory changes in the more than 100 countries that SAP actively monitors (Figure 1). Today’s regulation-driven business environment is the result of numerous factors that are expected to lead to an even greater burden on organizations around the world. These factors include:
- Financial instability and uncertainty
- Major instances of corporate misconduct
- Political and governmental unrest
- Public demand for information privacy – and in some cases, disclosure
- Greater awareness of labor inequalities
In addition, the COVID-19 pandemic has placed an even greater strain on businesses as they look to remain compliant with the latest regulations related to employee health and safety. While HR compliance may seem like a daunting and difficult task, localized HR technology can help vastly improve processes and streamline an organization’s compliance strategy.
Figure 1: Legal and Regulatory Changes
What is localization?
Localization goes far beyond simple language translation and reflects the latest regulatory changes and requirements. For example, localized HR solutions may include country-specific fields, business rules, and compliance reporting capabilities (Figure 2).
Figure 2: Regulatory Compliance Examples
Take your business to new heights with localized HR technology
For an organization to successfully grow and expand beyond borders, HR compliance must be a strategic priority. The right solutions can make all the difference. SAP SuccessFactors solutions include built-in localization features that enable compliance at a global and local level. Local experts work with legal advisors and government authorities to research and monitor each country’s laws. SAP SuccessFactors Employee Central provides localization support in more than 100 countries, while SAP SuccessFactors Employee Central Payroll supports more than 45 countries. By reflecting the latest changes, these solutions help provide peace of mind and a more streamlined approach to HR compliance.
Whether operating in one country or one hundred, businesses of all sizes can benefit from localized HR technology. Read the white paper to learn more about the power of localized HR technology.