In the world of digitization that we all exist in today, the question is not whether you incorporate technology as part of your business operations, but rather whether you are making use of tools that work in your company’s favor. For instance, you will want to take advantage of tools that make it easy to automate HR-related activities and manage functions pertaining to your company’s payroll.
Corporate training delivery has become significantly advanced over the years. One of the most notable transformations is digital learning, which allows employers to administer employee training quickly, conveniently and efficiently through an online platform.
The endgame is accurate and timely employee paychecks. How do you get there? Have a payroll plan that outlines what the procedures are to get to your goal.
As businesses strive for greater efficiency, managers today are managing more functions and more employees than managers did in the past. Meanwhile, in some companies, management training and mentorship programs have fallen by the wayside. This means that new managers are often responsible for learning on the job, but that's no reason not to invest in yourself. The key to thriving as a new manager is to learn constantly and build relationships with more experienced managers yourself if no mentorship program is available.
You need time and energy to run and grow your business, so you've outsourced your payroll process. You decided to go with a third-party payroll provider to handle some or all of your employment tax duties.
As a way of encouraging engagement and productivity in the workplace, a lot of employers will offer wellness benefits to their employees. In March 2021, analytics and advisory company Gallup reported that approximately 85% of large employers give their employees the opportunity to enroll in wellness programs.
Congratulations — you're a business owner. Now it's time to get some help — employees. But before you advertise for help, you need to get yourself up to speed with the entire process of paying your employees.
A no-call/no-show is an employee who failed to show up for work as scheduled without notifying his or her employer. The consequences of the violation depend on the employer's policy. Many employers terminate no-call/no-show employees if they haven't heard from them in three business days.
Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account for about 15% to 30% of your company’s gross income, but with service industries, costs can be as high as 50%.
Starting Nov. 1, 2022, according to a government fact sheet, "employers advertising jobs in New York City must include a good faith salary range for every job, promotion, and transfer opportunity advertised." The new law applies to all employers that have four or more employees or one or more domestic workers. Owners and individual employers count toward the four employees. The four employees do not need to work in the same location, and they do not need to all work in New York City. As long as one of the employees works in New York City, the workplace is covered.