Pay day is undoubtedly the one of the few days in the month, besides the weekends, that employees eagerly look forward to. However, when employees do not receive their pay on time or discover that they have been paid less than what they should be getting, it will certainly result in frustrated ... Views: 535
Payroll processing involves taking care of your employees’ monthly cash flow and that seriousness alone can weigh down heavily for payroll staff. When getting down to processing payroll for each employee, it involves in-depth knowledge of local payroll laws and tax contributions, statutory ... Views: 533
CREATE MORE STRATEGIC MEETINGS WITH THESE 3 STEPS
Business meetings are part and parcel of a daily work day. In some cases, meetings take up the bulk of office hours. However, the question is: how productive are these meetings? Work meetings can be tiring and unproductive if business leaders do ... Views: 532
Broadly defined, payroll fraud is the theft of cash from a business via the payroll processing system. Contrary to popular belief, payroll fraud is a widespread issue that is not defeated by technology. Rather, technology is the main perpetrator of payroll frauds.
With the rapid advancements ... Views: 532
In every profession, the debate is whether man or machines will win the race. Like all other professions, HR jobs are at a threat. In this age of digitalization and social disruption, traditional HR is irrelevant for today’s era of business. If HR professionals do not step up to evolve with the ... Views: 532
For every small business, growth always ranks high on the list of priorities. When it comes to setting up a proper Human Resources (HR) to manage employees, here are some practical HR hacks to help develop the company culture and create a productive team of employees.
... Views: 532
Whether it is a large business or a small startup, cash flow is king. Essentially, every choice or decision you make is dependent on the capital you need in order to turn production into a profitable reality. Cash flow is a major factor in the success of any business. This rings even truer for ... Views: 531
No employee wants to receive their salaries late. Not only does it have downstream impacts on their finances and personal budgeting, it also creates an unhappy and disengaged workplace culture. One instance of late salary payment can cause employees to undermine the reliability of their ... Views: 530
As defined by Salesforce, digital transformation is the process of using digital technologies to create or modify existing business processes, culture, and customer experience. Digital transformation transcends traditional roles such as sales, marketing and customer service. In fact, digital ... Views: 526
Managing employees’ leave applications is one of the most simple yet critical HR activities. HR has to ensure compliance with labour laws and the organisation’s leave policies, while balancing employees’ need to take time off.
WHAT IS LEAVE MANAGEMENT?
Leave management encompasses the ... Views: 525
Organisations today are relying heavily on people or workforce analytics as part of their business strategies.
Yet, when we think of workforce analytics, images of large spreadsheets with seemingly endless rows of employees information will pop into mind. Even if organisations have a ... Views: 525
Employee engagement levels within an organisation is quickly becoming on top of leaders’ priority list today. The overall employee experience – from how they feel within their job role to the workplace environment – plays a key role in their productivity levels within the organisation.
As ... Views: 524
We have all heard about the fancy perks that some companies offer to their employees – pool tables, kombucha bars and massage chairs, just to name a few. In fact, these perks say a lot about your company culture and directly reflect the environment that the company wants to create for its ... Views: 524
The COVID-19 pandemic has disrupted labour markets globally in 2020. The short-term consequences were severe – people lost their jobs, small businesses struggled to stay afloat and employees scrambled to adjust to remote-working arrangements.
At the same time, we also saw how organisations ... Views: 524
Work and play are two words that never go hand in hand. For all our lives, we have been taught to “work hard, play hard”. However, can fun be etched in work itself?
Creating a fun company culture is a great attraction and retention strategy. Besides that, it improves engagement levels within ... Views: 523
WHAT IS THE EMPLOYEE JOURNEY?
The employee journey is increasingly being a key priority amongst HR and organisations today – and for a very good reason. The employee journey is defined as “the time an employee spends at a company, starting when the employee applies to the organization and ... Views: 521
For every business leader, organisational growth is important. However, expanding the business can be an expensive affair as there are numerous factors that can contribute to costs – human capital, technology, training etc. Yet, there are ways to grow the business without incurring hefty costs. ... Views: 520
Work can be relatively mundane if your employees have been doing the same thing for the past few years. And when work becomes mundane, creativity levels and motivational energy drops. However, there are ways to stimulate the brain and improve creativity levels despite the mundane work ... Views: 520
Ten years ago, helicopter taxis would have sounded as a ludicrous idea and catered only for the very rich. Fast forward today, we have silent cars from Tesla, self-drive cars driving around in Google campus in United States, drone deliveries within countries – technology has certainly advanced ... Views: 518
Payroll processing is a daunting, time-consuming yet necessary business process. It is a critical and demanding function, compounded with the various number of steps involved in executing it on a monthly basis. With the ongoing changes in labour laws and tax regulations, it is imperative that ... Views: 518
Workers form the basis of any successful organisation. In order to keep your employees engaged and empowered, it is critical for the organisation to invest in your workers.
When it comes to investing in employees, larger companies and unicorn startups certainly have the upper hand. From ... Views: 517
Technology has evolved over the years, driving efficiency, agility and optimisation. There is no doubt that technology has significantly improved, even enhanced, numerous workflows and daily lives. From automation of administrative tasks to predicting technology and artificial intelligence, ... Views: 513
Employee benefits has been top of HR’s list of priorities in recent years. As employees are increasingly taking charge of their well-being at work, employers and HR are starting to come up with innovative and unique benefits to keep their workforce engaged and productive.
An in-house masseur? ... Views: 512
The future of many organisations today lies in artificial intelligence (AI) and machine learning (ML). What does that mean for the payroll department?
For the payroll department, AI and ML allows organisations to comb through all internal business systems and collect huge amounts of payroll ... Views: 511
As teachers like to mention, learning is lifelong. And this does not stop when one enters the working world as well. Attending workshops, conferences and networking sessions are a great way to learn from industry peers as well as broaden one’s horizons. However, from an organisation’s point of ... Views: 511
Regardless of whether you are managing a small startup or large corporation, every dollar and cent counts. This means that tracking of the company’s expenses is integral in managing the finances and profit efficiently. Inaccuracies in numbers and data can have a significant impact on the ... Views: 508
In the world of digitalisation today, HR technology is rampant amongst organisations. After all, there is a plethora of benefits that comes with HR software – streamline HR processes, abolishment of administrative HR tasks and automatic HR payroll calculation.
However, with the numerous HR ... Views: 507
We all know that being a business leader is no easy feat, having to wear multiple hats at one go – HR, Finance, Strategy, Operations. The list goes one. At the same time, there are numerous ways to groom a business leader to one that can lead the organisation towards growth and success. However, ... Views: 507
Productive employees are a valuable asset to organisations, particularly when turnover rates are disturbingly high. While employee retention strategies primarily falls on HR’s responsibility, managers have a major role to play in these employee retention strategies as well.
Given that ... Views: 506
As the year comes to a close, make sure that all your figures are in order before beginning the new year. Carry out the following before your last payroll of the calendar year to ensure a smooth transition to the next year.
Understand the nature of each used pay items
Not every payment has ... Views: 504
Japan is the world’s third largest economy with a nominal GDP of USD5.6 trillion in 2020 and a member of the Group of Seven (G-7). Yet, it is ranked 29th out of 90 economies in the ease of doing business based on the latest World Bank ratings in 2019.
While Japan is globally recognised for ... Views: 504
Millennials – the notorious generational bunch, known for their different workplace values as compared to the Baby Boomers and Gen Y. They are infamously known for their job-hopping trend, chasing after trendy employee perks and fatter paychecks. Yet, organisations are willing to “succumb” to ... Views: 503
Every small business owner will no doubt have a “business growth” vision. Of course, this would include hiring employees which will allow the business owner to spend more time focusing on business strategies and long-term growth.
Naturally, running a small business is a complicated affair. ... Views: 502
Integrating separate HR systems such as payroll, HRIS or e-leave has numerous advantages – HR information is being consolidated onto one platform and can be easily imported and exported; reports can be easily generated to assist with decision making and pattern spotting; HR processes are more ... Views: 502
Virtual Reality (VR) is the latest buzz in the technology world today. Besides merely being used for gaming, VR today plays a crucial role in the workplace as well. Simulation of client scenarios, learning and development and even in recruitment, the possibilities of VR today is far more ... Views: 502
Payroll is often one of the biggest expenses for any organisation. Hence, it is crucial for organisations to ensure that it is accurate and disbursed to employees on time – or risk unhappy employees.
There is no denying that payroll is a complicated business. The complexities of processing ... Views: 501
Payroll is a highly critical business function in any organisation. One wrong calculation or a slightly delayed salary disbursement may result in unhappiness ensuing amongst employees. When payroll mistakes happen on a recurring basis, this causes employees to feel financially insecure in the ... Views: 501
Enterprise transformation is not a new concept in organisations today. In fact, it has been around as long as we know it.
Today, the focus on transformation is largely driven by the impact of technological disruptions on organisations of varying sizes across industries. Based on Telstra’s ... Views: 501
In the HR world, first impression matters – particularly in the case for new hires. When a new employee walks through your office doors, consider the impression that HR wants to create.
Do you want to give off an open and welcoming culture? Or an environment that is professional and ... Views: 501
We often see organisations celebrating large wins by employees – closure of a major deal or perhaps getting a large and established client onboard. But what about small victories that employees have achieved?
Regardless of whether an achievement is deemed as significant or less significant by ... Views: 500
With the slew of social media platforms the likes of Facebook, Twitter, Instagram and LinkedIn, businesses are fast catching on the trend of using these social media platforms to reach out to a wider audience. After all, with the social-media savvy Millennials and Generation Z, perhaps the most ... Views: 500
Organisations today are entering a new era of disruption. Today’s workforce is highly exposed to technology, whereby technology is “expected” to automate processes and bring about a slew of advantages to the workplace.
Concurrently, the workforce is also witnessing a change in employee ... Views: 494
It is no secret that a successful organisation often stems from an engaged and highly-motivated workforce. And there are many factors that contribute to high satisfaction levels among your employees – collaborative workplace culture, competitive pay and innovative benefits are just some ... Views: 491
In every workplace, there are times when even the most conscientious employees may find themselves dealing with issues outside of work. Such setbacks could come in the form of illness, a death of a loved one or a catastrophic event. The employee may find that the savings they are insufficient to ... Views: 490
Employee travel expenses are one of the highest costs within any organisation. According to an infographic from Certify, industry data suggests that 445 million business trips take place annually and amount up to USD251B each year.
Without a proper travel expense framework and policy in ... Views: 486
The COVID-19 pandemic has seen organisations scrambling to adapt to new ways of working as country after country plunged into lockdown. As organisations grapple with the uncertainty of the economy and businesses, HR leaders are also plunged into the spotlight.
In the post pandemic era, HR is ... Views: 485
Suppose you sailed through an interview and finally landed on that dream job which you have always wanted. But as the HR runs through with you your compensation package, you realise that the starting salary figure is not what you had in mind. Or worse, it is significantly lower than what you had ... Views: 484
Employee experience reflects the changing nature of work. Employers today are recognising that people are their most important assets and that they must reimagine every aspect of work – from recruitment, onboarding to job evaluation, collaboration, perks and the work environment itself – or risk ... Views: 475
The past two years have been challenging to say the least. The COVID-19 pandemic, Ukraine-Russia war, among others, have disrupted the ways of working and propelled markets to evolve and adapt at a rapid pace. This has also impacted the landscape of the work environment and the role of human ... Views: 473
In today’s workplace, there are seemingly no boundaries to an office. As organisations expand globally, this also means that employees have the opportunity to work remotely or perhaps move to other locations for work. While this might mean more logistics for the HR department, it also opens up ... Views: 472