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Advancing Payroll Management: Navigating Emerging Markets with a Global Workforce
Manage episode 363769896 series 3475177
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According to a survey conducted by Harvard Business Review Analytic services, 92% of companies have already entered the global market, and only 8% are yet to do so. Among companies that have already entered the global market, 87% have a global workforce, and only 13% do not.
In terms of future plans, 63% of companies with a global workforce plan to expand their global presence, while 37% plan to maintain their current global operations.
While expanding business beyond international borders might prove to be a fruitful and strategic move in the long run, drawbacks are equally important to consider, failing which may result in operational disruptions resulting in massive business losses.
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