End-of-year reporting and taxation. Accurate employee data. Prepping for the new year. When it comes to payroll processing, December and January may be the busiest time of year…and the most stressful, especially if you’re a business owner trying to do it on your own.
HR and payroll are two distinct areas of a business, but they both face a similar challenge: keeping track of ever-changing employee information. Often this information exists on separate systems, which can lead to data inconsistencies and an inefficient use of time as your team manually tracks and updates information. This is why many businesses are automating the process with a human resource information system. An HRIS is software that provides master data management with one database and one login. Here are some of the ways an HRIS can increase productivity and save your HR and Payroll teams’ sanity:
The New York State Senate recently passed a bill aimed at strengthening and reforming the state’s sexual harassment laws. Now, through the 2019 budget bill, many of these provisions have become law along with additional requirements beyond those contemplated by the Senate’s bill.
It’s one of the great juggling acts company owners, managers and HR professionals have to perform every year: assembling a time-off calendar that satisfies each employee, while ensuring day-to-day operations carry on without a hitch. Regardless of the size of your company, it’s easy to drop the ball by allowing too many vacations at once or not having policies in place regarding seniority, rollover time, or blackout dates (to name a few). Here are some time-off management tips to keep your company culture up and your stress levels down:
The following blog is based on recent information that Accu Data Workforce Solutions has received from the IRS. We are presenting this in order to keep you in the know. However, please note that these are only “proposed” rules and as of yet are not confirmed. THERE IS NOTHING THAT YOU NEED TO DO AT THIS TIME. Accu Data will publish clarifications in the future as we receive further updates.
Recruiters and HR teams don’t need to work for large companies to find themselves buried in resumes and job applications. Hiring new employees can eat up hours, days, even weeks, depending on the position and the number of openings. That’s why—according to Capterra (a software solutions review service)—75% of large businesses use an applicant tracking system (ATS) to streamline the hiring process. In fact, Jobscan reports that 98% of Fortune 500 firms consider an ATS to be a must-use.
Successful small- and medium-size-business owners and managers realize that in everyday operations, cash flow is king. Keeping your money liquid while mitigating any surprises that may impact your cash flow is important to ensuring a stronger bottom line. Fortunately when it comes to making payments for your workers’ compensation premium, there is a smarter way to keep cash flow at a maximum, while preventing the possibility of being audited and having to dip into cash reserves to make up for insufficient contributions. The key is to eliminate up-front costs, while doing what you can to avoid a pesky – and costly – audit.
You’re in business because you care deeply about the products or services you provide to your customers or clients. And if you’re like 99 percent of business owners, you also do it to make money, and to ensure that next year is more profitable than this year. Smart business owners and HR managers know that one of the keys to success is keeping a sharp eye on expenses, and employees – both in terms of their time and their productivity.
Summer in the city might actually feel a lot cooler this year, thanks to a new law that gives workers in the City of New York more flexibility in their work schedules. Specifically, a new law that takes effect on July 18, 2018, will permit workers to make temporary work schedule changes to accommodate qualifying personal events.
Selecting a quality payroll provider is one of the most important decisions a business owner will make. There are multiple ways to go about it: You can thumb through the phone book; search online; get a recommendation from your accountant; or pick a payroll company at random and hope for the best.