As for the number of financial regulatory changes, this has increased year-on-year from fewer than 9,000 in 2008 to over 67,000 in 2020.2 In 2020, ADP sent out approximately
80 payroll change alerts to multinational clients every single week.3 Strictly from an employment administration perspective, ADP makes roughly 2,000 programming changes annually to comply with U.S. legislative and regulatory changes alone.
With so much legislative change it’s little wonder that more than half of global payroll leaders have limited confidence in their company’s compliance.4 As if these
constant changes weren’t enough, the upsurge of data privacy regulations globally also represents another compliance challenge to doing business globally.