COO at Global PEO Services warns HR leaders who allow employees to 'work from anywhere'
Since the COVID-19 pandemic forced many people to work from home for the first time, employees have been taking advantage of their newfound freedom by working wherever they please.
However, if that’s in a different state or country, their employer may be subject to tax and immigration laws. While most HR professionals recognize the benefits of remote work, the data suggests that tax and immigration compliance remain a great risk. In 2021, 60% of HR professionals were confident they knew where most of their employees were located, according to Topia.
That number has fallen to 46% in 2022, revealing a major blind spot.
“There’s no doubt businesses worldwide have made incredible strides this year entering new markets and implementing work-from-anywhere policies,” Raj Inda, chief operating officer at Global PEO Services, a Safeguard Global company, told HRD.
“When expanding globally, companies are often faced with organizational challenges that could make or break the business if not carried out correctly,” Inda says. “One of the biggest concerns for global companies is international payroll management, which is especially critical when dealing with countries and governments that have a zero-tolerance approach for mistakes.”
If payroll management is carried out incorrectly, companies can face government audits, expensive fines, legal penalties and more drastic consequences. Nobody wants to...
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