Business Complexity In Payroll And Human Resources

TMF Group's Global Business Complexity Index 2023 explores 292 different indicators relating to business complexity. Our analysis covers three core areas of business administration, and ultimately assigns an overall complexity score to each of the jurisdictions assessed.

This article focuses on the third and final key areas of business administration: payroll and human resources. We take a closer look at some of the findings from this year's Global Business Complexity Index (GBCI), along with commentary from our subject matter experts.

Minor movements on progressive benefits

The top benefits legally required for all permanent employees remain consistent around the world. Minimum wage and paid vacation are mandated in over 90% of jurisdictions, while paid maternity leave and paid sick days have stayed at a consistently high rate year on year since 2020. As core benefits such as minimum wage and paid time off are so universally accepted, they