Physical album sales are just 3% of their peak in the year 2000, music streaming services pay peanuts, and the pandemic halted touring. But artists are embracing new ways of making money.
Issue 2: Experimentation
For the past year and a half, we’ve been living in the world’s largest-ever work experiment.
It seemed like think pieces started popping up about “the new normal,” “the great reset” and how businesses might thrive after Covid-19 as soon as the pandemic began. But truthfully, 18 months in, the extent of the pandemic’s effects remains ever-changing.
Despite the upheaval, payroll professionals have shown up, figured out how to work smarter and gotten people paid. And that’s why the theme of this issue is Experimentation. Changing how you do business can sometimes lead to unforeseen consequences, but it can also open up new possibilities.
Musicians, for example, have found digital ways of connecting with fans and getting paid when they couldn’t go on tour. Companies in Nigeria are expanding financial wellness offerings to their employees. And in India, a corporate social responsibility spending mandate has helped communities weather the pandemic. The move towards a cashless world, well underway in São Paulo, wouldn’t be where it is today if it weren’t for the digitization of payroll in the mid-20th century.
Some pandemic challenges are still in need of solutions. Women have borne the brunt of job losses, especially at the lower end of the pay scale. So many people lost jobs during the pandemic, more areas are experimenting with Universal Basic Income pilot programs. And we’ve highlighted three payroll challenges teams may face in 2021, with some ideas on how to tackle them.
If you like what you see, we hope you’ll share it on LinkedIn. We’ve also created a page of shareable graphics you can use on social media or in presentations. Keep up with everything ReThink by signing up for our newsletter. And if you have any comments, questions or ideas for future issues, please let me know. I’d love to hear your story!
— Grace Dobush, editor
With so many people around the world losing work during the pandemic, interest in UBI is on the rise. What have we learned so far?
Job cuts brought on by the pandemic have hit women hardest, exacerbating the gender pay gap. But even when women lose their jobs, they’re never out of work.
In 2014, India mandated corporate social responsibility spending for all large companies. Now CSR funding tops $2 billion annually, with half of those funds dedicated to pandemic relief in 2020.
As the Covid-19 pandemic has strained people’s wallets around the world, more companies in Nigeria are providing financial literacy services to employees.
About 50 years ago, companies started embracing direct bank deposits for employees’ wages, laying the foundation for today’s digital payments.
São Paulo is Brazil’s financial center and the largest city in South America. We talked with six Paulistanos about their first and future paychecks.
Early payroll records were among humans’ first steps toward a writing system, explains Ali H.O. Bnayan, an archaeologist and cuneiform expert from the Iraq Museum.
This tiny nation has become a European tech hub and a global forerunner in e-government, becoming the first country to offer e-residency in 2014.
In the past decade, Indonesia has seen a big increase in charitable giving. Our photographer takes you to the streets of Jakarta during this Muslim holy month when giving is at its peak.
These journalists from around the world contributed to the second issue of the ADP ReThink Quarterly and shared the stories of their most memorable paydays.
Use our infographics and charts in your own presentations and social media.