For tax and payroll teams, remote work is no longer a drill
Worker mobility is here to stay, survey shows, as tax and payroll experts navigate a complex matrix of new risks and requirements.
There has been a lot of uncertainty around what the new way of work will look like. But the one thing we see with resounding clarity is that flexibility is here to stay.
Work-from-anywhere leaders David Mayes and Kshipra Thareja discuss the latest trends in the remote and hybrid work world― including what it means for companies and the strategies they can take to support a hybrid workforce. Watch the video to learn more.
The remote work trend has accelerated the need for the evolution of global mobility. Companies that react and adapt quickly will find business as usual, while others may struggle.
Key business drivers
Talent
Risk Management
Flexibility
Business alignment
Employee experience
Cost management
What are the key considerations for work anywhere?
- Health and safety
- Corporate tax/permanent establishment
- Talent management
- Employment tax and payroll tax
- Income tax and social security
- Immigration and employment law
- Regulatory and licensing considerations
- Change management
What are we hearing from the market?
80%
of U.S. workers say they would turn down a job that did not offer flexible working1
25%-30%
of the workforce will be working from home by 20222
79%
of remote employees say remote work increases their productivity/focus3
$ 7+ trillion
to be invested in making work digital by 2023
A 50% increase in remote work could lead to over
$11,000
in savings annually per employee4
1 FlexJobs, Remote Work Statistics: Shifting Norms and Expectations, Beth Braccio Hering (February 13, 2020).
2 Global Workforce Analytics, San Diego, Kate Lister
3 Global Workforce Analytics, Telework Savings Potential, San Diego
4 Global Workforce Analytics, Latest Work-at-Home/Telecommuting/Mobile Work/Remote Work Statistics, San Diego (March 13, 2020)
Bring "Work anywhere, together" to life
Strategy & policy: A clear documented strategy that aligns with your overall business and talent strategy while minimizing organizational risk.
Structure: An organizational structure that allows you to operate in a tax compliant manner, anticipating global and local compliance requirements.
Compliance & process: An automated process to assist with managing complex global tax and regulatory requirements based on employee location, value and service considerations.
Risk & data analytics: Detailed cost analysis of the operating model, risk assessment and quantification and measure of return on investment.
Change management: Deliberate and considered approach to initiating change and managing transformation.
Next steps: focus on work, not where you work!
We’re witnessing an accelerated evolution…from global mobility—to global immobility—to the new reality of working from anywhere. "Work anywhere, together" is an employee-centered approach to supporting the transition from “working from home” to working anywhere in the world. Let us help you explore if this might be right for your organization.
Download our interactive pdf to help guide you through the framework for "Work anywhere, together".
