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Few companies are purely national in scope. Even small "mom and pop" shops are beginning to employ multinational employees from diverse cultures, speaking a range of different languages. In fact, a startling 78% of companies manage teams of employees beyond their national border. Today's workforce also comprises more than just full-time employees; its non-permanent workers include independent contractors, temporary employees, freelancers, and other contingent workers across the globe.
In this rapidly changing environment, talent recruitment and retention has become progressively strategic. Fifty-five percent of companies source talent beyond their own borders, requiring 58% to implement HR policies that address the increasingly global workforce.
Managing today's global workforce requires HR systems and processes that face challenges by applying principles of centralization, flexibility, and standardization. Ultimate Software's single, comprehensive people management solution presents a complete view of a company's multinational workforce. The cloud-based solution can automatically track all HR and payroll-related information about employees, no matter where they live, and ensure payroll is compliant, on local, state, and national levels.
The UltiPro® portal is a central place for important company information. Employees can instantly access HR-related information, such as payroll information and performance reviews. It also allows multinational employers to rest easily, knowing that their compliance and reporting obligations are being addressed in more than 30 countries.