Human Resources

Forming A Lasting and Lucrative Vendor Relationship

vendor relationship

Oct 24th, 2017 by TRAXPayroll

Maintaining a good relationship with your vendors is important. The company will benefit by having someone that will provide an affordable delivery cost and enhanced service levels. The human resources department will benefit since the vendor’s solution won’t generate extra or distinct payroll work with regard to the delivery model. Below are some ways in which a stronger relationship with vendors can be fomented:

Successful Management Comes From Three Teams

There are three teams whose input is essential for strong relationships with vendors, and these three teams are executive steering, service implementation and delivery, and relationship management. Executive steering is responsible for creating and strengthening the strategic direction of thelarge business, and will provide various assets while managing relationships with clients. Some of their assets consist of equipment or consultants, along with employees.

The implementation and service delivery team is responsible for daily procedures, and will monitor change initiatives while evaluating performance. This team will communicate with vendors regarding updates that need to be made as well as how they should be implemented. Prior to implementation, the client and vendor will need to perform a product overview and create flow charts to show how improvements will occur.

It is also important for clients and vendors to have trust, respect and mutual benefit in working together. Any relationship where these three components are not present will not last. Trust should be considered the foundation of the relationship, and mutual benefit involves the advantages that each party gains by working with the other. Vendors are notorious for over promising and under delivering, so this is something that every business has to consider when deciding if it wants to collaborate with them.

The Importance Of Service Level Agreements

Both parties will need to establish an agreement so that the services which will be rendered can be defined. It is also important to note the time period which the agreement covers. The agreement must designate a specific service level which is agreed to by both parties, and it should identify every fee to be incurred as well as the responsibilities of both groups.

A good agreement will always consist of a provision for disaster recovery. It should be kept up to date and receive the approval of an external auditor, and should include a provision which specifies how sensitive information will be handled in the event of the termination of the agreement. It can be helpful for the vendor and client to establish an advisory board which is comprised of a consortium of clients who will be responsible for giving support and guidance on key issues.

A good advisory board could consist of approximately 5 to 10 people who would serve terms of two years each. It isn’t necessary to have a board which is even numbered since it is the client who would have the final say.

Mobile HR Is A Magnet For Wooing Millennial Employees

mobile HR

Oct 5th, 2017 by TRAXPayroll

One of the hottest trends in information technology today is mobile HR. It is very attractive to millennials in particular which means that small businesses that adapt to it have the greatest chance of recruiting the best and brightest from this generation. Below are some reasons mobile HR is changing the payroll and IT landscape.

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Is It Possible To Be Fired For Asking For A Pay Raise?

pay raise

Sep 19th, 2017 by TRAXPayroll

Requesting a pay raise is always a sensitive topic, both for employers and employees. Employers, especially those who run small businesses, naturally want to pay their employees the bare minimum, while employees want to earn the maximum. The two sides will typically settle on an amount which is acceptable to both.

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The Rise Of The Remote Workforce

remote workforce

Aug 24th, 2017 by TRAXPayroll

Advances in computer and networking technology have drastically changed the employment landscape. It has allowed for the growth of a remote workforce which can complete complex projects over vast distances without being in the same building, city or even country. While the majority of employees throughout the world must still be physically present in most industries, the remote workforce is seen by many as being the wave of the future. Below are some benefits you’ll gain by using it.

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Staying Compliant With Local Employment Regulations

local employment regulations

Aug 10th, 2017 by TRAXPayroll

The U.S. is comprised of 50 states which each have its own rules and local employment regulations, some of which can differ widely from one area to another. Therefore, companies new to a jurisdiction or which plan to expand into another state must ensure they are compliant with the local employment laws. Below are some tips for doing this.

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How Managers Can Capitalize On HR To Work Better

capitalize on HR

Aug 1st, 2017 by TRAXPayroll

Both the workplace and market are in a constant state of flux, requiring managers to overcome multiple challenges while striving to stay competitive. They depend heavily on human resources, and below are some tips that will help managers capitalize on HR in a manner that will maximize their efforts.

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What HR Challenges Do Non-Profit Organizations Face?

HR challenges

Jul 6th, 2017 by TRAXPayroll

Non-profit institutions face many of the same challenges as their for profit counterparts, although with more limited resources. The rapid growth of non-profit organizations over the last decade has led to a heavily saturated market where it is harder to get funding. This has created HR challenges for staff members who are responsible for recruiting the top candidates, without having the resources to do so. Here are some additional human resource challenges that non-profit institutions face.

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Compliance Tips For Unpaid Internships

unpaid internships

Jul 4th, 2017 by TRAXPayroll

Unpaid internships are an opportunity for companies to scout promising talent while helping them gain the experience they’ll need to effectively function in their departments. At the same time, there are some rules and regulations which must be adhered to when working with them, most of which are related to time and wages.

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What Is The Biggest Challenge Hurdle To Employee Productivity?

employee productivity

Jun 13th, 2017 by TRAXPayroll

The employee productivity level can make or break an organization. Perhaps the greatest challenge that employees face is the inevitable stress that they will encounter while on the job. Completing a challenging project by deadline or taking on new roles are common issues that workers in every industry will face at some point. Knowing how to deal with pressure and stress is the key to greater productivity.

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Top 3 Mistakes Job Seekers Make In Their Work Interviews

job seekers

Jun 1st, 2017 by TRAXPayroll

An interview is an opportunity for job seekers to make a good first impression, and if they don’t, it might be the only chance they’ll ever get. Below are three interview landmines that can ruin your chances of landing you that dream job.

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