Organizations today must continually reassess their human capital management (HCM) strategies and supporting technologies. They must do this both to maximize the value of the workforce but to deliver the best possible employee experience, an objective that has become a top priority across many industries. More specifically, organizations must find an efficient way to utilize all relevant workforce information to uncover new sources of business value and must have the capability to personalize a worker’s daily experience on the job and help them in their pursuit of career goals. Organizations that embrace this imperative have the opportunity to be the leaders in their market segments.
One issue that has historically made life more difficult for companies operating across multiple geographies is differing HRMS and payroll data requirements. The most substantial issue has been different data formats for key items such as the unique national identifier (for instance, social security number in the U.S. and national insurance number in Canada).