The HR industry has evolved significantly since 2020. Facing the challenges of remote working, dealing with the ‘Great Resignation,’ and trying to find talent in a highly competitive job market, have all contributed to the need for a high performing HR tech provider. The development of HR software has allowed many businesses to improve human resource functions and unleashed the power of teams to focus on strategic work, rather than administrative, time-consuming tasks. In fact, in 2021, venture capitalists’ invested more than $12 billion in the HR technology market, making it one of the most promising trends for 2022. But…
You’ve taken the plunge and are finally ready to choose an HR platform to better manage your people. But in a competitive market, how are you going to identify the best option for your company? Don’t worry, we’ve got your back, with 10 questions you need to ask in an HR software demo. What is the history behind the business? This may seem like an obvious one, but it’s important to get to know the company you’re considering. Details like when it was set up and why, the experience of key stakeholders, and how many clients it has can all…
Employee payroll fraud is one of the most common types of workplace fraud you can encounter and will generally be committed by an employee attempting to receive any money they are not entitled to. If you were looking to define it, you would say that it’s the theft of funds from a business via its payroll processing system. In 2021 any type of fraud – but especially payroll fraud – can be costly to your business, with payroll fraud costing UK companies around £12 billion per year! This article will answer two questions. Firstly, what are the three most common…
From paying your employees to managing salary budgets, payroll departments have the business critical responsibility of making sure your workforce is paid on time and free from errors. In this infographic, we’ve gathered 11 stats that demonstrate some of the trends facing payroll teams, the most significant challenges and the impact payroll software can have in teams. (View the infographic in full-screen)
While processing payroll can be one of the biggest sources of frustration, it is unequivocally one of the most important parts of your business. Your employees are your most valuable asset, and as such, they deserve to be paid correctly and on time. While payroll is often the biggest expense for a company, it can get even pricier when mistakes are made. Making mistakes when running payroll can be costly not only to your employees, but to your business too – both financially and reputationally. Such mistakes might include overpaying or underpaying tax, paying employees late or incorrectly, making incorrect…
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