Managing global corporate compensation and benefits programs across jurisdictions can be an overwhelming task for public and private companies. Without a centralized compliance framework, they could end up with a costly and inefficient program that only allows them to react rather than proactively respond to issues.
Your company must be able to manage different jurisdictions based upon:
- Local tax and regulatory requirements
- Your company’s footprint
- The capability of your local teams
- Your company’s culture and risk appetite
It is very important to develop a compliance framework where several functions such as payroll, benefits, tax, legal, and HR will operate.
How KPMG can help
Our experienced Global Reward Services team can bring the latest market insights and innovative technology to assist you with all aspects of the compliance journey: