GBCI 2022: Focus On Payroll And Human Resources

TMF Group's Global Business Complexity Index 2022 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 first of those three key areas of business, payroll and human resources, taking 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.

Benefits

Paid time off and minimum wage remain the top two legally mandated benefits globally, followed by paid maternity leave and paid sick days. Over the last three years, there has been a steady increase in the legal requirement for compassionate leave, childcare assistance, and housing/social care contributions, driven primarily by changing requirements in South American and EMEA jurisdictions. It's therefore unsurprising that