The world of business has changed dramatically over the last two years and few departments have escaped the need to keep up with changing needs and trends that have moved even faster than usual. There’s been a dramatic shift to hybrid working; changing where, when people work and even how they are compensated for their efforts. An increasingly remote workforce means that employees are now spread all over the place — and organisations have hired people much further away than they would have previously.
In some ways this has increased the hiring pool, enabling businesses to tap into talent not just nationally, but also internationally. It’s not unusual for multi-disciplinary teams to be based from all corners of the globe. This has brought new challenges for payroll departments who must compensate people in countries where there are different currencies, data processing and protection laws and even different cultural expectations. For those who thought payroll never changes, they need to think again. Here we look at six payroll trends that are re-shaping the way things are done.