Managing compliance and risk more effectively in a decentralized compensation and benefits environment
Many companies manage their global compensation and benefits programs through a decentralized structure, making compliance with international tax laws a difficult, if not impossible, task. Inadequate and nonstandardized procedures can lead to tax compliance failures that can extend all the way to the office of the global chief executive.
We believe it is imperative for multinational corporations to focus on the internal controls associated with their global compensation and benefits programs. And, although a centralized framework for administering compensation and benefits programs is a relatively new approach, it can help companies achieve increased global compliance and accurate reporting.
Learn more about the global controls approach by downloading the PDF below.