Running a business is complicated work – a lot of old-school processes can slow down the progress of even the most cutting-edge businesses. One of the biggest sources of this red tape is payroll. Your payroll system may be complex, be hard to use, and lack one-on-one support.
At CorpStrat, we do payroll with a big difference – dedicated support from a payroll account manager, so that your payroll is in the hands of someone you know you can rely on. Continue reading
The compliance landscape is ever changing, and will become even more challenging over time. Maintaining HR compliance is a complex, but necessary task. It involves many departments, and much coordination. Without the proper process in place, a company is potentially exposed to an array of penalties, on multiple levels.
Many organizations are now embracing the idea of outsourcing their HR functions entirely, to minimize this risk and maximize their bottom line. That said, there are many ways to stay ahead of compliance related issues, while simultaneously gaining that competitive edge.
In an age of growing employee litigation, and compensatory awards, there are steps businesses can take to navigate this maze. Familiarize yourself with the laws and regulations pertaining to healthcare, labor and employment, retirement, injury and worker’s compensation, and unemployment.
If these laws and regulations are not followed, the risk could be substantial. Obtaining sound legal advice is a critical piece of the puzzle. Having an attorney who understands not only employment law, but also your company culture, is important.
Many HR admins and managers rely on spreadsheets to help them record key skill and talent-related employee data. It may be sufficient enough when you are managing a small number of employees or want to work with a very specific set of data. However, using spreadsheets once the your organization starts to grow and staff numbers increase isn’t going to work long-term.
The resources associated with tasks such as approving time off, changing demographic information and managing performance evaluation becomes very quickly. Before too long, there comes a point the HR team will need to look at other solutions – such as Human Capital Management software – to help reduce time and resources and process tasks more efficiently.
If you are running a business, chances are you have used Google to research a variety of HR issues at some point in your career. For the occasional form or broad level question, it isn’t a bad thing, but if you’re someone who’s uncomfortable with uncertainty, it’s best to avoid the practice altogether.
Because information on internet can be unreliable, organizations should avoid seeking advice about issues that could have serious legal consequences. Know who you are dealing with, before you trust their information. Continue reading
Working with HR technology has never been more exciting. The HR landscape is evolving, as is the technology that supports it. It is empowering to provide businesses with the tools that can help manage the people side of their organization. Technological innovations have created the opportunity for HR departments to generate a far greater impact than ever before. HR technology trends in 2017 are creating unparalleled tools for achieving stronger cohesion and communication. In addition, they will undoubtedly attract millennial workers, while also maintaining familiarity with the older generation.
The advent of computers and the Internet has had a tremendous impact on the world, so it is no surprise that many business owners are embracing HR technology to benefit all facets of their businesses.
HR automation technology eliminates paperwork, manages compliance, onboards new hires, tracks vacation hours, tracks PTO, Applicant tracking, document signing, annual reviews, terminations, benefits communication, documentation management, and list goes on.
It’s critical for even the smallest companies to make sense of all their data so they may thrive in a competitive market. Prior to the internet, HR recruiters had to rely on print publications to post jobs and find qualified candidates. Technology has revolutionized and globalized the way in which we find these qualified candidates.
In terms of training, there couldn’t be a more efficient manner to bring staff members up to speed. The ability for large numbers of employees to gain quick access to company information and training programs from remote locations has enormous benefits.
Electronic imaging has made it feasible for companies to retrieve and store files in electronic format. HR technology makes it easy to simply print any necessary forms that an employee may need from a central digital library.
Increased performance management is yet another byproduct of technological improvement. With the use of metrics, companies can ensure that employees are meeting performance standards; based on these metrics, employers can either implement additional training, or transition the employee out of their position.
With all of these developments, business leaders would be wise to understand these technology trends that will shape the year ahead, and far beyond. As a result, companies are vastly improving their strategic recruiting, performance management, employee development, social networking, and internal employee communications – all vital business issues.
This is a very compelling time to be in business, especially with all of the technological options available to business owners – and they will continue to get more and more innovative!
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