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The days of thinking about human resources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. Given a seat at the leadership table and the buy-in of executive leadership. Which metrics need improvement?
Tactical HR refers to routine, day-to-day administrative tasks, such as processing employee paperwork and handling payroll.) Ensure leadership continuity. Establish a high-potential leadership program so you have a bench of future leaders identified and ready to go when the time is right to meet organizational needs.
Is your payroll a pain in the neck? These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.” Payroll processing. Are you bogged down by employee paperwork? One-stop shop.
– Payroll. How will pay cycles or payroll be impacted post-close? Which leaders from each organization will assume a leadership role in the newly formed organization? It’s a roadmap for leadership , helping to prepare them to answer the many questions employees will have and to create a smooth transition.
At the end of the day, do you experience hefty payroll problems ? As a business leader, smooth payroll processing, consistent HR compliance and happy, healthy employees are just a few of the things that stay top of mind. From benefits and payroll to HR compliance, technology and more, one HR solution can deliver: Compliance.
Payroll software. Still running payroll on the manual system your business started with? Moving to an automated payroll system is a crucial first step. Payroll software can streamline the payday process and reduce the time necessary to enter information that is repetitive across all payrolls.
Employee appreciation efforts are most successful when senior management and leadership are actively involved. It’s essential that managers and senior leadership agree on what laudable behavior looks like. You’ll need to talk to your payroll specialist or accountant regarding potential tax implication.). Summing it all up.
In a smaller company, that may be one combination payroll and HR person. For instance, an online time tracking system that ties to your payroll and government reporting systems can save significant time and improve accuracy over manual tracking and handwritten reports. Why leadership is still needed. When HR software works best.
As smoothly and with as few hassles as possible, to the satisfaction of employees and leadership. These could include things like benefits enrollment, new hire paperwork, time and attendance tracking, vacation requests or payroll administration. Cost effectively. In a way that can be replicated in another location.
A PEO can: Administer payroll in accordance with federal and state laws, and properly report federal, state and local taxes. Processing payroll. Filing payroll taxes. Things to think about: What leadership attributes need to be strengthened to maximize your road ahead? That’s where a PEO can help.
Rounding out your list are likely things like compliance law, worker’s compensation, payroll administration and company culture. When you enter into a co-employment relationship , a PEO takes on many of your employer-related responsibilities such as payroll, benefits, tax remittance and related government filings.
A solitary HR professional’s job description may include: Overseeing legal compliance and handling employee relations concerns Coordinating recruitment and strategizing on plans for retention Overseeing payroll and benefits Implementing and reviewing employee performance reviews Creating and enforcing company policies. Seeking Help.
If your HR department works only on tactical processes like payroll and time and attendance, you’re missing out on strategic HR benefits. Elements of tactical HR include, but certainly aren’t limited to: Processing forms for new hires Handling payroll Posting compliance notices Recruiting and hiring Writing job descriptions.
You have a high-performing organization, a high-performing leadership team and your company culture is solid. There may be surveys , leadership interviews or focus groups. Your leadership team should be unified in how it presents itself and information. You’ve come a long way from the early days.
If your HR department is tied up with those basic functions in a growing business, then they will have limited time to work on more strategic initiatives such as: Leadership development Employee recruitment and retention Employee engagement. You have disparate technology systems. So, let’s take a closer look.
A CPEO takes on added responsibility related to payroll administration and federal employment tax reporting and payments. Your company’s leadership team remains focused on fulfilling the primary role they were hired for. The highlights of the law and how it relates to CPEOs and their customers include: Payroll tax liability.
This typically involves a team responsible for people management, setting up benefits and payroll , helping with the company’s culture and making sure compliance is being met. If the in-house team is large enough, you may have specialists for benefits and another for payroll. Or some may serve multiple functions within the structure.
But the HR team can be a strategic partner to leadership in maintaining a desirable work environment. Armed with this intelligence, HR professionals can work with company leadership to identify potential problems or opportunities for improvement, and make plans for how to move forward and effect change.
In addition, challenges around leadership development, recruitment, retention of top talent and employee engagement become increasingly complex as the business grows and evolves.” “HR leaders can quickly become consumed with new complexities in compliance, benefits administration and employee relations issues stemming from a larger workforce.
If you consistently take time away from your family for work, consider adding family time to your calendar and treat that time as important a priority as a meeting with your leadership team. He’s our in-house expert on the payroll system.” Looking for a few more ways to expand your leadership know-how?
The list laid out in front of you might be longer than you realize. Summing it all up Think about how precious your time is and how you best bring value to your business as a leader. Is it better for you to add HR to your ever-growing list of responsibilities, or should you focus on your own core competencies?
If not, you may not know there’s an issue until you notice a visa violation by Immigration and Customs Enforcement or there’s a payroll mix-up with the IRS. Keeping up with HR-related government compliance can be another tough spot for small business owners and it’s not just about payroll anymore. How a PEO can help.
For instance, have a backup plan on how you will process your payroll and accounts. Leadership know-how. Get your leadership team on the same page – it’s essential that your leaders are focused on the same destination. Be clear on what can wait. Some things will have to be put on the back burner.
This is where your company’s leadership should come in to help them through this change. Suddenly, payroll, benefit plans, recruiting support, performance management and certain employer liability issues are no longer time-sapping tasks. Do they think I can’t do my job? It’s natural for them to feel that way initially.
It’s vital to show that leadership wants to invest in their people and recognize their strong performance. Higher salaries for existing employees According to a Willis Towers Watson (WTW) survey that garnered approximately 28,000 responses from companies in 135 countries, including 1,550 U.S. Employee experience What is “employee experience?”
They can be resumed at some point in the future when company leadership feels comfortable giving raises. From the employee perspective, pay freezes are usually preferable to reductions in regular wages or interruptions to payroll. Senior leadership may want to consider being present. Elimination of perks. Summing it all up.
You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Surveys measure your staff’s perception of their work environment, leadership team and company culture. But that’s not all it has to offer. Below are five little-known PEO services to consider before you choose a company.
As a co-employer, the PEO you choose will ultimately take responsibility for processing payroll, providing workers’ compensation insurance coverage, providing employee benefits and a host of other sensitive tasks. How long has the current leadership team been in place? Here are five steps you can’t afford to avoid.
payment of wages and payroll processing). Its role is similar to a director of human resources (HR), a trusted confidant at the leadership table, operating at your direction. But rest assured — a PEO is employer for certain purposes only (e.g., This frees you up to focus more intently on your revenue-generating projects.
But HR departments often have a hard time selling people-focused initiatives to leadership, who think more in concrete terms of profits and losses than the intangible concepts of employee satisfaction and workplace happiness. They need to learn to speak the language of leadership, and back it up with a compelling business case.
For example, if you face a technology disruption in your offices and you have an engagement with a reliable PEO, the PEO will continue to handle or provide: On-time payroll processing Ongoing benefits and leave administration Timely help with employee relations issues. Certain situations can leave you at a loss for words.
Although many people associate HR with day-to-day responsibilities such as payroll, benefits administration and employee time and attendance tracking, this is tactical HR and only half of the equation. Not collaborating with senior leadership Formulating an HR strategy simply can’t happen in a silo. Why HR strategies veer off course 1.
What is Payroll Software? Payroll Software automates managing employee salaries, wages, bonuses, and deductions. Payroll software typically includes features such as tax calculation, direct deposit, employee self-service portals, and integration with other HR and accounting software.
Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?
Depending on the size of your staff and your company, they might be advertising open positions and recruiting new employees, onboarding new staff, managing payroll and benefits, investigating complaints, writing and policing company policies, changing employees’ status forms, overseeing staff training and development, and much, much more.
What is Payroll Software? Payroll Software automates managing employee salaries, wages, bonuses, and deductions. Payroll software typically includes features such as tax calculation, direct deposit, employee self-service portals, and integration with other HR and accounting software.
If you consistently take time away from your family for work, consider adding family time to your calendar and treat that time as important a priority as a meeting with your leadership team. He’s our in-house expert on the payroll system.”. Looking for a few more ways to expand your leadership know-how?
Before you take on process improvement: Make sure your leadership recognizes the need to do better as a whole. For such an effort, it’s imperative to get buy-in across your entire leadership team. It should be your dashboard for essential functions, such as payroll, benefits, performance management, and time and attendance.
For instance, an employee interested in moving into leadership might want to meet regularly with a director to get insight into how she makes tough business decisions. Or, you could invite an employee to attend a regular leadership meeting as a representative of their team (instead of their manager). How did she choreograph her career?
You need to use this time wisely to determine the impact final regulations may have on your payroll by auditing your employees and your pay policies. Describe how your leadership —formal or informal—affects others. Here’s some help getting started. What was the most challenging part of your job during the last year?
One particular time of failure that stands out in my mind is when I was a payroll supervisor. Lesson learned: Always be aware of changing dynamics and respond accordingly. Frankie Williams | Equal Employment Opportunities Specialist, Service Operations. One of my clients insisted on receiving custom reports.
You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Employee surveys measure your staff’s perception of their work environment, leadership team and company culture. But that’s not all it has to offer. Here are five little-known services to consider before you choose a PEO.
You have a high-performing organization, a high-performing leadership team and your company culture is solid. There may be surveys , leadership interviews or focus groups. Your leadership team should be unified in how it presents itself and information. You’ve come a long way from the early days. Focus on change management.
My leadership style is I want to work myself out of a job,” Rasmussen says. Almost every decision I make has to do with making sure that we make payroll. So while I invite your opinions, your thoughts, your feelings—at the end of the day, I hope to make payroll. Does that mean I don’t want to work?
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