Talent acquisition can be stressful for HR managers…especially when a job position needs to be filled quickly. Automated and AI employment decision tools such as resume scanners, employee monitoring software, virtual assistants and job-fit algorithms can certainly speed the candidate-assessing process…but at what cost?
Understanding the top features of time and attendance app can be a game-changer in streamlining HR processes, reducing errors, and saving time. Dive into our detailed guide to learn more about the essential components of a powerful time and attendance tool.
We all experience it during the job hiring process. You’re looking for someone with 3-5 years’ experience and you get applicants with 10, 15, even 20+ years in the field. Or the position requires a bachelor’s degree and they have a doctorate…from an Ivy League school!
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Time is money. We’ve all heard the adage. And never is it truer in the business world than when it comes to tracking employee time. According to a study by Market Research Future, the U.S. economy loses 50 million hours a day because of inaccurate time and attendance tracking. For a company of just 15 workers, that translates to a loss of roughly $1.6 million in annual revenue.
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Have you ever considered the impact of effective wage and hour documentation in maintaining compliance with labor laws? Forget about the old, manual methods where timesheets were filled by hand. Embrace the power of the best time and attendance systems available today: Workforce Time and Attendance Software.
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“Our most valuable resource is our people.” That’s something that many businesses say about their workforce — but how many businesses actually treat their human capital that way?
On August 8, 2020, the President of the United States issued an executive order to provide a payroll tax holiday for American workers. This treasury guidance permits employers to defer the 6.2% tax employees pay toward Social Security from September 1 through December 31, 2020. Chances are, your employees have approached your HR and payroll departments with questions about what this guidance means for them personally. You may find yourself with a few questions of your own.
On August 12, 2020, the Small Business Association (SBA) opened the forgiveness portal for its Paycheck Protection Program loans, allowing PPP loan recipients to apply to have their debt forgiven. But many banks, along with other lenders who issued these loans, are telling their borrowers to hold off on their applications for now.
For decades, keeping track of time and attendance in the workplace was both a guessing game and a matter of trust. As companies grew more complex and added to their workforce, recording employees’ time in the office and their overtime became more complicated, cumbersome and unruly. Business owners and HR managers often estimated hours worked and frequently resorted to relying on employee honesty in order to account for hours logged on the job.
In the modern workplace, the expectations placed on Human Resource teams to handle all of the demands of people management can be stressful. Gone are the days of simply gathering and storing employee information. HR now encompasses a vast array of functions, and if your company is not using the right tools, or is using multiple systems, efficiency can suffer and errors can multiply.