Human Resource Management (HRM) software has revolutionized the way that businesses manage their people on a daily basis. These platforms were initially started to enable organizations to become more efficient through digitizing many of their processes. Now, HRM software has given businesses the ability to involve their employees in an assortment of processes. This has dramatically changed the workflow to become not only more automated but also engaging. Now there are specific features of HRM software that are going to help your business to scale at a lower cost while also growing a company culture that embraces innovation.
If you’ve been fortunate enough to find a qualified, personable candidate who fits all the right molds of an open position it can feel like you won the jackpot. They interviewed with everyone well, have applicable experience, and can even start when you want them to. There’s just one more step to take: checking their references.
In the world of open office spaces, we are able to learn so much about our fellow employees. When they come in, when they take their breaks, when their kids have an impromptu trip to work with them, their favorite YouTube videos and much more. An open office structure is amazing for collaboration and camaraderie, but what about those projects that require a little more focus? Here are some tips and tricks on how to overcome the ongoing distractions within your given work environment.
The value of HR software can be hard to define initially. For those who use it every day, the value is very apparent, but for those who aren’t as heavily involved as the end users, the value might take a little longer to see. So, how does an HR generalist or a payroll professional go about showing their manager how important HR software can be? Let’s take a look at three cases you can make to sell your boss on HR software and get the tools you need to do your job more efficiently.
Employee access to a 401(k) is one of the best and most popular benefits you can offer to improve your business’s ability to recruit and retain top talent. But access to a retirement fund can be difficult for business owners and employees alike. The government (the IRS specifically) wants everyone -- not just the highly compensated -- to be prepared for exiting the workforce come retirement age.
A W-2 is a form issued to an employee from their employer. This form contains information such as the employee’s gross income, their local, state, and federal tax withholdings, social security withholding, and more. As long as an employee is paid at least $600 by an employer throughout the year, they will be issued a W-2 from that employer.
Tax deductions are a great way for small businesses to reduce their income tax bill. A tax deduction is an expense you can deduct from your total taxable income. The approved expense is subtracted from the total taxable income, and therefore allows you to pay a smaller tax bill. Let’s take a look at twelve tax breaks every small business owner should know about.
There are a number of best practices business owners can do in order to promote company growth. Some of these include staying up to date with industry trends and putting an emphasis on your recruitment and retention efforts. However, the most important thing you can do when it comes to cultivating a successful business is pleasing your customers. So, how exactly can you tell what your customers are really thinking about your business? Use these four tips to find out: