Across most organisations, payroll is undoubtedly a highly valued function, yet one burning question is yet to be unanswered in the minds of HR and finance professionals. This question continues to be a topic of much debate with some people thinking payroll should reside within the HR function, while others believe it should sit within finance. In Deloitte’s recent payroll operations survey, they targeted experienced professionals in a wide range of industries who lead or are directly involved with payroll operations. The companies ranged in size from 1,000 to 50,000 employees tend to have their payroll services lead by finance,…
In this ever-changing world of work, competition for talent is fierce. Despite this, a staggering 62% of Chief Human Resource Officers report that their talent attraction strategy is not aligned with their future workforce needs according to Gartner Inc. Attracting the best talent is one of the leading challenges for HR professionals. Sourcing the correct talent is the essence behind a company’s success, but it can also be extremely costly if a hire is sourced wrong. The Recruitment and Employment Confederation found that a poor hire at mid-manager level with a salary of £42,000 can cost a business more than…
This week has seen the collapse of one of the longest standing businesses in the UK: Thomas Cook. Established in 1841, the company that was once the face of the UK high street announced it had entered liquidation with immediate effect shortly after 2am on Monday 23rd September, leaving 9,000 people in the UK without a job. But what can HR professionals learn from the demise of such an historic organisation? Communication is key When times of difficulty arise, the worst thing you can do is keep it under your hat and pretend it isn’t happening. Thomas Cook staff were…
Coined by Dr Ian Hesketh in 2013 to describe the annual leave habits of employees, the term leaveism refers to workers taking annual leave to catch up on their workload or working outside of their contracted hours. Research by the CIPD found that 63% of UK leaders reported that leaveism had occurred in their business. As businesses become increasingly lean, the ‘always on’ culture lends itself to late night emails and employees never really getting the time to switch off away from work. While offices can be a breeding ground for distraction and interruptions, leaveism can be conducive to employees…
With the workplace now wrapped in perhaps more red tape than ever, HR departments are under increasing pressure to keep their businesses on the right side of the law. Maintaining compliance with ever-changing employment rules and regulations requires HR to keep up-to-date and adapt at pace, or face the prospect of costly fines and even more costly reputational damage. In extreme circumstances, some compliance failures could even become a matter for the criminal courts. Of course, HR has always played a key role in an organisation’s compliance structure. But rarely has the work environment undergone so many legislative changes in…
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