article thumbnail

How to Ensure Business Success in South Korea

Globalization Partners

But success in South Korea can only truly be achieved with the right guidance, especially when it comes to its complex employment regulations and practices. In 2019, South Korea was ranked 5th by the World Bank in terms of ease of doing business. On flexible work arrangements. On ease of doing business.

article thumbnail

Future-Proofing Financial Services: Rule 3110 Updates Empower Brokers

Perficient Digital Transformation

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Without action, this temporary relief would have expired on June 30, 2024, and would have significantly impacted the industry due to an estimated 75% increase in residential non-branch locations between December 2019 and December 2022.

Service 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Build and Strengthen Your Global Workforce

Globalization Partners

To ensure you company thrives in a location outside of where you’ve established your HQ, you will need to build a diverse workforce with meticulous knowledge of local business landscapes, legislation, and regulations. This includes having up-to-date knowledge of labor laws, employment regulations, tax legislation, and cross-border compliance.

Payroll 83
article thumbnail

MRO spare parts optimization

IBM Services

trillion, up from USD 864 billion in 2019 to 2020. regulations, undergoing digital transformation and the need for cost-cutting. A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5

article thumbnail

Tech cross-border M&A sustained bullish pace in 2020 according to data from Velocity Global and Pitchbook

Velocity Global

200B cross-border IT M&A deal value in 2020 matches 2019. Cross-border IT M&A deal values in 2020 equaled that of 2019, outpacing overall global IT M&A deal value, which was down year-over-year. Furthermore, the cross-border IT deal count paced closely with a record-setting 2019 (1,326 transactions in 2020, 1,551 in 2019).

article thumbnail

Payroll Challenges Faced by Hospitality Businesses: Solutions and Best Practices

Paysquare

million individuals in the year 2019. From coping with seasonal workforce fluctuations to adhering to labor regulations and addressing tip-related concerns, hospitality businesses must navigate a multifaceted payroll landscape. Complying with these regulations is crucial to avoid legal penalties, fines, and damage to reputation.

Payroll 52
article thumbnail

How to achieve high-impact personalization at scale with managed marketing services

IBM Services

According to an Everest Group® study , offshore MMS centers increased over 50% from 2019 to 2022. These campaigns often need to be tailored to meet requirements in specific regions, which means navigating various regulations and standards. What’s more, the number of offshore full-time equivalent employees (FTE) jumped 115%.