CAPE TOWN – Amid constant changes to tax and labour legislation, businesses must keep ahead of developments affecting the progressive work environment and the best way to do this is to use a fully integrated single HCM system.
This was according to Ian McAlister, general manager of CRS Technologies South Africa, a specialist provider of human resources (HR) and human capital management (HCM) solutions.
He said given the realities of economy of scale in today’s market, businesses were forced to do a lot more with less. Critical resources such as skills remained in short supply and there were ongoing challenges such as growth management and scalability.
“This is why an integrated HCM system makes sense. It can cater for all scenarios in operation, including centralisation, locality and globalisation,” said McAlister. “So the critical advantage for business is all the relevant information to manage these scenarios is in one place, more efficient and far easier to handle.”
“If we delve into one very important area of labour legislation, governance and compliance, namely tax, we know that tax tables change on a regular basis and different countries also have different rules that govern processes and procedures,” he said.