Companies of all sizes can benefit from a time and labor management system. However, they are distinct from classical time clocks and as such it is likely you have many questions regarding them. Below are some of the most common time and labor management questions.
The environment that an employee works in can positively or adversely impact their performance. A growing number of organizations are recognizing the importance of creating an ideal work environment and this is something you must also prioritize if you want your employees to operate at their maximum potential. Below are some tips for achieving this.
How accurate is your payroll? Research shows that accuracy for payroll management plays an important role in building loyalty and trust with employees. Errors involving payroll can lead to a number of problems which extend beyond compensation and in severe cases can be very costly to resolve. Here are some ways in which you can ensure your payroll is as accurate as possible.
This is a time of great change and innovation. Research shows that millions of company executives will retire this year, leaving the market open for a newer, younger workforce. This combined with constant advances in technology mean that firms of all sizes must be ready for these changing business trends.
There are a number of changes which are expected when it comes to employee benefit trends in 2017. While this means new challenges for employers, it also provides significant opportunities to those that can recognize and take advantage of them. Here are some of the trends that are predicted to dominate 2017:
Whether it’s a small business or a large corporation, exceptional employees are the bread and butter of every organization in existence. Even with the advent of increasing automation and artificial intelligence, at best machines can only perform basic, routine tasks and only humans have the creative insight and knowledge to provide novel solutions to complex challenges. Therefore, making a new hire feel appreciated is essential, as to do otherwise runs the risk of them leaving your company to go work for your competition.
A quality payroll processing system is a necessity for businesses of all sizes. However, switching to such a system for the first time can be challenging. Here are three important steps you’ll want to take to ensure your payroll processing program is smoothly and correctly implemented.
A number of changes can be expected for small business tax in 2017. They come courtesy of the Internal Revenue Service (IRS), which is known for making changes on an annual basis, so keeping up to date with them is important. Let’s find out more about the changes pertaining to 2017 small business tax matters.
Time management is without a doubt one of the most important skill sets that an employee can develop. The reason for this is because it maximizes their productivity, allowing them to get the most out the time in which they work. An employee who manages their time well is an asset to the company they work for, as they will directly increase profits through their efficiency.
Statistics indicate that fraud associated with payroll data comprised over 10 percent of global corporate fraud cases, with enterprises suffering an average loss of approximately $50,000 annually. While $50,000 may not be much to Fortune 500 and 1000 companies, it can cripple small businesses and if trends continue, this amount is expected to grow. Below are some steps to ensure that your company doesn’t become victimized and can safeguard your payroll data.