Let's start by saying the obvious: Robotic Process Automation significantly improves efficiency in the logistics industry and supply chains. Both are critical for the global markets, so the robotization case has its weight. More so, software robots influence the evolution of modern commodity trading and RPA technology itself.
Despite the fact that the last five years have challenged the global markets to deal with such unexpected events as the Covid-19 pandemic, the war in Ukraine, the Great Resignation, and not to mention tax and accounting law reforms across the US and the EU, turning the operational strategies of most companies upside down, the performance-based long-term incentive grant prevalence has never been more stable.
The April data releases across the globe point to the soaring inflation as one of the most pressing current economic problems worldwide. Consumer Price Index for EU 27 countries has been consequently rising in recent months to 7.8% as of April 31st, with some of the members reaching as much as 15% year to year pace.
Federal data from the point to a whopping 8.26% - levels unseen since the 1980s. The at 7% this month is facing the highest inflation in 30 years. Not to mention other parts of the world with some of the G20 countries like already passed the dangerous levels with 70% and 55% respectively.
In the current post-Covid age, where the Great Resignation is seeing workers reconsider their long term plans for staying with any one company, long term incentive plans (LTIPs) may just be the ticket to keeping your company’s top talent.
In recent years concepts like Industry 4.0 and Business 3.0 strongly appeared in mainstream awareness. Software robots are becoming a significant part of it, making Robotic Process Automation (RPA) one of the fastest-growing global markets. Companies worldwide see RPA more as an inherent part of their ventures than a cost generator, adopting this technology faster than ever.
Comp & Ben Talks is dedicated to people who are interested in Compensation and Benefits, HR topics, and challenges in those areas; to people who wish to understand what IT could offer in that regard.
