The evolving �why� of Human Capital Management Systems - Wipro

Harry1216 Feb, 2022Technology

As businesses transcend borders, there is a need to comply with the laws of every land. Non-compliance with local government regulations puts the business at risk. Every company needs to comply with the local agencies and fulfill all reporting requirements. For example, some countries stipulate a minimum data retention law, while others have strict regulations related to the issue of physical payslips to employees. One of the measures of success for an HCM system is whether you can seamlessly manage compliance needs across geographies. The real value of HCM systems is unlocked when it integrates regulatory and workforce analytics to make better compliance-led decisions.