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4 May 2015

How Standards Bolster Innovation




Written by: Romuald Restout

A Quick Look into the Past

 

Towards the end of the 19th century, electrical engineering became one of the core engines of the second industrial revolution. As Nicholas Carr put it, in “The Big Switch,” manufacturing energy provided factories “with a decisive advantage over other manufacturers. The company was able to expand the yield and efficiency of its factory. […] Like other factories of the time, they were as much in the business of manufacturing energy as manufacturing goods”. This of course, quickly changed, as power plants started to rise and provide energy at a low-cost to everyone.

An aspect that is often overlooked in that story is that none of this could have happened without the emergence of standards.

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17 July 2012

Payroll Jurisdictional Requirements




As a global standards organization, HR-XML has developed most of its specification for the general population and extended those specifications for country and jurisdictional requirements. The Payroll industry is an exciting challenge as each country, province, state, city, etc. has its own rules, particularly when calculating taxes. For example, Canadian provinces utilize letters of waivers to authorize tax credits and deductions. Netherlands includes a tax credit for the elderly and Germany considers bargaining units when calculating taxes.

These and many other requirements must be discussed when developing the standard.

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