Payroll errors are inevitable. After all, humans are known to err and payroll miscalculations or even system errors occurs. However, that does not mean that there is no way to resolve such payroll problems.
One proven effective way to identify and prevent common payroll errors is to use root ... Views:257
Mergers and acquisitions are part and parcel of the business world. However, as with all mergers and acquisitions, this can then have significant impact on internal processes.
While most of the responsibilities lies on the top management to ensure a smooth transition with the organizational ... Views:271
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:229
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:235
In the era of outsourced payroll today, there are several companies, regardless of size, that still choose to handle their payroll processing in-house. The reasons cited varies from company to company, including having control over timing, processes and costs as well as ability to customize ... Views:351
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:233
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views:331
Employees are a critical asset to any organisation. Engaged employees translate to a motivated and productive workforce, which in turn leads to positive outputs for the organisation and its customers.
There are plenty of ways to engage employees, with the primary source typically being ... Views:368
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:244
In the world of people and operations, there is no lack of opportunities for process improvements. Changing business landscapes are pushing the boundaries of human resource (HR) capabilities. Continuous process improvements through agile and Kaizen methodologies as organisations strive to boost ... Views:429
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:229
The one day that all employees look forward to every month is undoubtedly pay day. On the other hand, if you are responsible for the payroll process, pay day is no doubt the day that you dread the most.
There are many processes to keep track of while running payroll for the entire company ... Views:284
Payroll has always been a crucial component of the payroll process. In addition to ensuring that employees’ wages are calculated accurately and disbursed on time to employees, best payroll practices within the company includes performing detailed and accurate payroll audits.Conducting regular ... Views:287
What is the difference between goals, objectives, and outcomes? After all, they seem to be synonymous with measuring employees’ performance. However, when it comes down to understanding how to differentiate and improve an employee’s performance, perhaps there might be a need to differentiate ... Views:258
What is the difference between goals, objectives, and outcomes? After all, they seem to be synonymous with measuring employees’ performance. However, when it comes down to understanding how to differentiate and improve an employee’s performance, perhaps there might be a need to differentiate ... Views:291
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views:308
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views:299
Starting a business is no doubt challenging. Despite the recent surge in startups across the world, we have also seen a fairly large number of these startups pulling out of the market in less than two years. Of course, this does not mean that setting up a business is equivalent to setting ... Views:254
Most people would agree that 20s is viewed as the time whereby you should enjoy your freedom – to explore the various career opportunities, globetrot around the world, experiment with starting a business, essentially to go chase your dreams.
By the time you reach 30, it is generally expected ... Views:264
Let’s face it – human beings are not exactly the best at remembering things. When it comes to choosing a password for work, we tend to opt for something convenient and easy to remember. Whether it is subconscious or not, the chosen password is more often than not the same as that of our personal ... Views:258
At some point of our careers, we definitely want to move up to a more senior position. And regardless of the organisation that we are in, most of us like to think that there is a meritocratic system in place – that with hard work, one is able to easily climb up the corporate ladder.
In ... Views:334
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:232
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:247
Failure, regardless of the situation, is always frowned upon. However, if one does not fail, how will they learn how to succeed?
In the workplace, there is no doubt that every employee, manager and leader strive to succeed. Realistically speaking, no one will ever set themselves up for ... Views:249
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:279
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:218
Payroll is a far more complex business function than most people realise. There are plenty of payroll terms to be aware of, alongside compliance with local and regional statutory legislations. On top of that, it is imperative to ensure accurate and correct salary computations for every payroll ... Views:303
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:200
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:237
Before the COVID-19 outbreak, working from home was a taboo topic in most organisations. When the pandemic forced businesses shut and employees to stay indoors in efforts to minimise the spread, working from home became the new normal.
As the world gradually came to manage the COVID-19 ... Views:282
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:227
Employee engagement is crucial to the health of the organisation in many different ways. For one, it is common knowledge that engaged employees translates to higher productivity in the workplace. At the same time, engaged employees reduces turnover rates and create a positive culture within the ... Views:298
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:224
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:272
Majority of our adult lives is spent working. Over the past years, our working environment has evolved to one whereby everyone is interconnected regardless of location and geography. With the advancement of technology, people become more connected to work than ever through mobile phones, tablets ... Views:274
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:275
Whether you are in the HR team issuing out salaries to employees or on the receiving end counting down to payday, you would have come across these few terms: paystub, payslip and paycheck.
While the common trait between these three terms is that they all have “pay” in them, do they imply ... Views:269
Whether you are in the HR team issuing out salaries to employees or on the receiving end counting down to payday, you would have come across these few terms: paystub, payslip and paycheck.
While the common trait between these three terms is that they all have “pay” in them, do they imply ... Views:274
Japan, commonly referred to as “Land of the Rising Sun”, is the world’s third largest economy with a nominal GDP of USD5.6 trillion and a member of the Group of Seven (G-7). It is one of the world’s advanced countries, driven by the huge industrial boom of the Japanese economy after World War ... Views:280
Human resources (HR) is responsible for managing the entire employee lifecycle – recruitment, onboarding, payroll, benefits administration, employee relations and so on. But how does HR really spend their time?
According to an infographic published by totaljobs, the largest proportion of HR’s ... Views:272
What makes a good leader? Is leadership something that a person is born with or something that can be molded?
When asked to define the ideal leader, traits such as visionary, intelligence, determination and passion tend to come out prominently. Such traits are necessary but insufficient for a ... Views:273
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:248
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:272
Given the rapid acceleration of technology today, will artificial intelligence (AI) ultimately have a major impact on the way leaders lead in an organisation? The answer is yes. In fact, jobs that were once thought to be immune to automation due to their heavy reliance for human analysis are now ... Views:263
Top management and senior leaders are the decision makers in the organisation. However, the silent influencer in every organisation is no doubt the HR department.
Traditionally, HR is viewed as an administrative department with minimal or no impact on business strategies. Today, this notion ... Views:270
Pairing tech savvy with exceptional foresight and key leadership skills makes a great leader. Today, companies seek leaders that possess more than simply a long list of business accomplishments – they seek business leaders who know how to marry business foresight with strategic IT decisions. ... Views:280
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:239
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:251
Men and technology have often been synonymous with each other. However in recent years, there is a growing focus on women and their roles in technology.
Women today are no longer mere laboratory assistants in technology. Instead, women today are part of the technology “brain-child” – ... Views:290
Men and technology have often been synonymous with each other. However in recent years, there is a growing focus on women and their roles in technology.
Women today are no longer mere laboratory assistants in technology. Instead, women today are part of the technology “brain-child” – ... Views:270