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Articles from Huang RenQun | Selfgrowth.com
- End-of-Year Tax Reporting Made Easy: Choosing the Right Payroll Partner - by Submitted on Jan 06, 2025 from Huang RenQunAs the fiscal year comes to a close, businesses worldwide face a daunting task: ensuring seamless and accurate end-of-year tax reporting. This process isn’t just a matter of compliance—it’s a reflection of an organization’s operational health, affecting its credibility with stakeholders and ...
Views: 87 - The Role of Payroll in Simplifying End-of-Year Tax Compliance: A Strategic Perspective for 2024 - by Submitted on Dec 17, 2024 from Huang RenQunAs businesses close the year, one challenge consistently takes center stage: end-of-year tax compliance. This critical task is more than a legal obligation—it reflects an organization’s operational efficiency, accuracy, and ability to adapt to evolving tax regulations. With the complexity of ...
Views: 101 - Decentralized Payroll Solutions: When Local Expertise Matters in Global Expansion - by Submitted on Dec 03, 2024 from Huang RenQunAs businesses expand into new markets, one of the most critical aspects of success is ensuring efficient and compliant payroll management. This challenge intensifies across borders due to varying labor laws, tax regulations, and local employment practices. Decentralized payroll solutions emerge ...
Views: 100 - Payroll Data Integration: Breaking Down Silos for Better Business Insights - by Submitted on Dec 03, 2024 from Huang RenQunIn today’s data-driven world, payroll is no longer just a function of paying employees—it’s a source of strategic insights. However, many companies face a significant challenge: data silos. These silos create fragmented views of payroll processes, making it difficult for organizations to gain a ...
Views: 105 - Unlocking the Power of Payroll Data: Driving Business Decisions with Key Insights - by Submitted on Dec 03, 2024 from Huang RenQunIn today’s competitive business landscape, data is more than just a resource—it's a strategic asset. For companies seeking to stay ahead, payroll data has emerged as a critical source of insights, offering a wealth of information that goes beyond employee compensation. Properly harnessed, this ...
Views: 113 - Centralized vs. Decentralized Payroll: Balancing Global Cohesion with Local Flexibility - by Submitted on Dec 03, 2024 from Huang RenQunAs businesses grow and expand across borders, managing payroll becomes increasingly complex. The question of whether to centralize payroll for streamlined efficiency or decentralize it for local adaptability is crucial. Organizations must find the right balance between maintaining global ...
Views: 118 - Payroll Outsourcing for Sustainable Businesses: Promoting Eco-Friendly and Ethical Payroll Practices - by Submitted on Sep 13, 2023 from Huang RenQunIn the face of global environmental challenges and increasing social consciousness, businesses today are striving to adopt sustainable practices across various aspects of their operations. Over 2,100 organizations have committed towards net-zero greenhouse gas (GHG) emission targets, with this ...
Views: 253 - Bridging Knowledge Gaps With A Training Tracking System - by Submitted on Sep 06, 2023 from Huang RenQunIn today’s fast-paced and highly competitive talent landscape, continuous learning and development programmes are crucial for organizations to stay ahead. At the same time, employees need to upskill and cross-skill regularly in order to stay relevant and contribute effectively to the ...
Views: 246 - SaaS Payroll for Your Remote Workforce - by Submitted on Aug 31, 2023 from Huang RenQunThe increase in prevalence of remote working has significantly impacted how businesses operate today, particularly when it comes to payroll. As the workforce becomes more geographically dispersed, managing payroll becomes more complex. Traditional payroll processes may no longer be able to ...
Views: 246 - Transitioning to SaaS HR: A Game-Changing Move - by Submitted on Aug 24, 2023 from Huang RenQunIn today’s ever-changing business world with the need to expand and grow, organisations are rethinking how they operate. The same applies to the responsibilities of the human resources (HR) department as well. How can HR evolve alongside the growth and expansion of the organisation? One ...
Views: 252 - Ensuring Your Outsourced Payroll Is Compliant - by Submitted on Aug 09, 2023 from Huang RenQunHR today is playing increasingly strategic roles within the organisation, as talent management and employee engagement becomes key business imperatives. With business leaders and HR focusing on people-related priorities such as well-being, succession planning, and HR technological integration, ...
Views: 264 - Employee Engagement: Why it Matters and How to Improve it - by Submitted on Jul 13, 2023 from Huang RenQunEmployee engagement is one the most important indicators of work satisfaction. Employees today want to feel a sense of purpose in their work and feel enthusiastic about the organization that they work for. The COVID-19 pandemic has further fuelled this need in employees to feel a sense of ...
Views: 278 - Choosing the Right Continuous Training Tracking System - by Submitted on Jul 05, 2023 from Huang RenQunEmployee training has a great impact on employee motivation, retention and overall productivity levels, with 45% of employees likely to stay at their current organisation longer if there is visible investment in their learning and development. However, if organisations were to just administer ...
Views: 269 - Benefits of Flexible Pay to Your Employees - by Submitted on Jun 28, 2023 from Huang RenQunAs work structures today gradually shift to accommodate the gig economy, pay structures also have to adapt to the changing needs of the workforce. Workers today are expecting accelerated salary payouts, thanks to the rising gig economy and flexible work arrangements. This is where flexible pay ...
Views: 263 - Outsource Payroll – One of the Key Assistants in Solving Payroll Issues - by Submitted on Jun 22, 2023 from Huang RenQunThe challenge of payroll management is a recurring headache for HR and payroll teams. However, these disruptions present an opportunity for managers to consider the effectiveness of the chosen payroll system. Particularly, if the issues stem from management processes. The year 2022 was marked ...
Views: 276 - Integrating Accounting with HCM The Key to Successful Payroll System - by Submitted on Jun 14, 2023 from Huang RenQunIt is well known among organizational leaders that labor costs are often the highest expenses. This includes employee salaries, benefits, taxes, and other related details in payroll. Surveys indicate that this expenditure accounts for 70% of the total organizational expenses. Therefore, it is ...
Views: 291 - Unleashing Talent: HR Strategies for Driving Growth in Japan - by Submitted on Jun 14, 2023 from Huang RenQunIn the rapidly evolving business landscape of Japan, organizations are increasingly recognizing the crucial role of human capital management (HCM) in achieving long-term success. To thrive in this context, HR professionals in Japan need to adopt strategic initiatives that promote HCM, foster ...
Views: 243 - Embracing the Future: HR Strategies for Unleashing Human Potential - by Submitted on Jun 07, 2023 from Huang RenQunIn today’s fast-paced and ever-evolving business landscape, organizations are realizing the critical role of human capital management (HCM) in achieving long-term success. To thrive amidst change and uncertainty, companies must invest in reskilling, engage their employees, and optimize their ...
Views: 277 - Top Features To Look For In A Training Tracking System - by Submitted on Jun 07, 2023 from Huang RenQunAs workplaces evolve, upskilling and cross-skilling becomes increasingly important for employees to stay relevant. Over two-thirds of learning and development (L&D) programmes today are starting to focus on reshaping and rebuilding their organizations going forward. Traditional L&D programmes ...
Views: 305 - Ways to Maximize the Benefits of Mobile Workplace Format - by Submitted on May 31, 2023 from Huang RenQunAs the times change, so does the way we work. Nowadays, many companies have adapted their work patterns and opened opportunities for employees to work remotely. The results have exceeded expectations, as surveys have shown that remote work can be highly effective and beneficial for ...
Views: 317 - The Importance of Hardcopy Payslips in the Digital Age: Understanding Challenges and Solutions - by Submitted on May 30, 2023 from Huang RenQunIn today’s digital era, many companies are transitioning to electronic payslips as a means of streamlining payroll processes and reducing paper consumption. However, hardcopy payslips still hold significance in various industries due to certain challenges and requirements. In this article, we ...
Views: 284 - How To Avoid Payroll Scams In Any Forms - by Submitted on May 24, 2023 from Huang RenQunPayroll function is one of the most delicate and time-consuming functions in any organization. If not managed well, it can be prone to data entry inaccuracies or payroll calculation errors. Another pitfall of a poorly-managed payroll process is the susceptibility to payroll scams. Any business, ...
Views: 293 - AI and Machine Learning: Implications for HR in the Banking Sector - by Submitted on May 18, 2023 from Huang RenQunThe banking sector in Hong Kong has been at the forefront of technological innovation in recent years, with digital transformation and automation reshaping the industry. One of the most significant technological trends impacting the banking sector is the rise of artificial intelligence (AI) and ...
Views: 278 - Part-time vs Full-time Employees: Understanding the Differences in Asia - by Submitted on May 10, 2023 from Huang RenQunPart-time and full-time employment are common modes of work in many countries, and each type of employment comes with its own set of benefits and challenges. While many people may believe that part-time employees are not entitled to the same benefits and protections as full-time employees, this ...
Views: 292 - Benefits Of Leveraging A Training Tracking System - by Submitted on May 09, 2023 from Huang RenQunAs the demand for new skills gains traction in today’s workplace, upskilling and cross-skilling are key for any employee to stay relevant in the industry. The World Economic Forum projects that automation is likely to displace 85 million jobs by 2025 and the robot revolution is expected to ...
Views: 268 - Preparing Your Organisation For Returning To Work In Office - by Submitted on May 03, 2023 from Huang RenQunIn the post-pandemic era, how do organisations bring team members back together in office after working remotely for the past two years? While some employees may feel enthused to return back to the office, most employees still prefer to work from home all the time if there is the option to do ...
Views: 254 - Contractor Payrolling & Its Benefits - by Submitted on Apr 25, 2023 from Huang RenQunWith the booming gig economy, the engagement of contractors or independent workers are becoming increasingly popular. Statistics have shown that the gig economy grew by 30% in 2020, expanding 8.5 times faster than the US economy. With the flexibility that gig work offers, it is no wonder that ...
Views: 255 - Banking Professionals: Enhance Training & Compliance with Hong Kong’s Training Tracking System - by Submitted on Apr 19, 2023 from Huang RenQunAs the financial industry in Hong Kong continues to evolve and grow, continuous professional training has become a critical aspect for banking professionals to stay updated with industry regulations, maintain their skills, and enhance their career prospects. However, managing and tracking the ...
Views: 296 - Tips On Managing Payroll For A Small Business - by Submitted on Apr 19, 2023 from Huang RenQunManaging payroll for a small business can be challenging. From tracking time and tax payments to processing employees’ salaries, each step of the entire payroll process requires utmost attention to detail. Unlike large organisations, small businesses may not have the capital to purchase a ...
Views: 277 - Spot These Red Flags When Recruiting Your Next Talent - by Submitted on Apr 12, 2023 from Huang RenQunRegardless of how effective your talent acquisition team may be, there is always that possibility that the person behind that CV is not a good fit for your organisation. After all, potential candidates are always looking to make the best impression on the hiring manager during the job ...
Views: 261 - Make Working Across Time Zones Effective & Successful - by Submitted on Apr 05, 2023 from Huang RenQunWorking with teams across geographies is not new. In fact, organisations are leveraging on a geographically dispersed team to bring together functional expertise, coupled with varied work experiences and international diversity, to help them compete and succeed in the business world. ...
Views: 277 - Expert Tips for Smooth Transition to Payroll Software - by Submitted on Mar 29, 2023 from Huang RenQunIntroducing payroll software can significantly increase operational efficiency for organizations. If your company has decided to adopt payroll software, congratulations! However, before you can reap the benefits of time and cost savings, you must ensure a smooth deployment and transition ...
Views: 288 - Understanding Hong Kong’s Continuous Professional Training (CPT) - by Submitted on Mar 21, 2023 from Huang RenQunHong Kong is one of the world’s most important financial centers and its financial services industry remains one of its key pillars, contributing to around 23.4% of its GDP. In 2022, Hong Kong was ranked 4th in the Global Financial Centres Index (GFCI) released by Z/Yen Group and the China ...
Views: 291 - Here’s How You Can Work From Home Effectively - by Submitted on Mar 15, 2023 from Huang RenQunThe adoption of hybrid working in workplaces has proliferated in the post pandemic era. With the perceived increase in benefits that it brings about to employees, it is no surprise. Data from Gallup revealed that 59% of employees now work in a hybrid arrangement, an increase from 32% in 2019. ...
Views: 292 - Embrace These Payroll Trends in 2023 - by Submitted on Mar 08, 2023 from Huang RenQunPayroll is often overlooked as a critical function, reducing it to an administrative and repetitive task that falls under HR or Finance purview, depending on which department is keen to adopt it. However, with the evolving payroll mindset, the ongoing advancements in technology coupled with the ...
Views: 306 - The Need To Automate Your Payroll Processes - by Submitted on Feb 28, 2023 from Huang RenQunAutomating your payroll process can bring about significant benefits to the HR function and organisation. A study from G&A Partners found that HR spends almost three-quarters (73%) of their time on administrative tasks. This typically involves forms to fill out, data entry, filing, and the ...
Views: 285 - Explore The 4-Day Workweek And How To Approach It - by Submitted on Feb 21, 2023 from Huang RenQunIs the 40-hour workweek a thing of the past? Perhaps so, according to a survey conducted by SimpleTesting. Close to 96% of the surveyed 1,000 Americans indicated that they want a 4-day workweek. In fact, 90% of surveyed respondents indicated that the 4-day workweek is outdated! Despite the ...
Views: 294 - Engage Your New Hire Right! - by Submitted on Feb 14, 2023 from Huang RenQunBeing the newbie in the workplace is always a tricky and difficult situation. During the first few weeks in the workplace, new hires are expected to be familiar with the multiple work processes, know their team and co-workers, understand the workplace lingo, unspoken rules and so on. This is ...
Views: 293 - Role Of HR In The Gig Economy - by Submitted on Feb 07, 2023 from Huang RenQunAs we enter the new age of work, the gig economy is a rapidly growing trend. The growth of the gig economy is even more apparent on the onset of COVID-19, with the number of global gig workers expected to rise from 43 million to 78 million in 2023. This shift will have major implications for the ...
Views: 308 - Risks Of Poor Payroll Management - by Submitted on Jan 31, 2023 from Huang RenQunPayroll management is a crucial aspect of any well-run organisation. It is an administrative function that is indirectly linked to the success of an organisation. When the importance of payroll management is overlooked or negatively impacted for some reasons, the short- and long-term effects on ...
Views: 304 - Emerging HR Trends in 2023 - by Submitted on Jan 24, 2023 from Huang RenQunThe past two years have been challenging to say the least. The COVID-19 pandemic, Ukraine-Russia war, among others, have disrupted the ways of working and propelled markets to evolve and adapt at a rapid pace. This has also impacted the landscape of the work environment and the role of human ...
Views: 354 - Spotting Red Flags In Your Payroll Process - by Submitted on Jan 17, 2023 from Huang RenQunPayroll function is often the biggest expense within the organisation. It is also one of the most stressful roles as it requires thorough and meticulous handling of employees wages. Close of half (43%) of organisations globally have very low or limited process standardisation in payroll. This ...
Views: 354 - How To Choose Your Payroll Outsourcing Provider - by Submitted on Jan 10, 2023 from Huang RenQunThe decision to outsource payroll should not be taken lightly. Yet, there are multiple benefits in which outsourcing payroll can bring about. In fact, 73% of organisations today outsource some aspects of their payroll. While outsourcing payroll takes the burden of computing employees’ ...
Views: 296 - 4 Ways Payroll Can Boost Employee Satisfaction Level - by Submitted on Jan 03, 2023 from Huang RenQunIt is no secret that a successful organisation often stems from an engaged and highly-motivated workforce. And there are many factors that contribute to high satisfaction levels among your employees – collaborative workplace culture, competitive pay and innovative benefits are just some ...
Views: 358 - Is It Time To Outsource Your Payroll? - by Submitted on Dec 27, 2022 from Huang RenQunPayroll can be a messy and stressful affair when you have to manage large employee groups. It requires the organisation to track an individual employee’s payroll record, make statutory deductions and tax filings. By outsourcing these tedious but crucial payroll processes, business leaders can ...
Views: 306 - Risk With Payroll Outsourcing (And How To Avoid Them) - by Submitted on Dec 20, 2022 from Huang RenQunAs with any business decisions, the decision to outsource payroll should not be taken lightly. Outsourcing payroll, as with any other outsourced business function, comes with its benefits and an element of risk. After all, it involves dealing with confidential and sensitive payroll information ...
Views: 311 - Strategies Organisations Can Use To Attract & Retain Talent - by Submitted on Dec 13, 2022 from Huang RenQunThe Great Resignation has been triggered by the pandemic – but why are resignation numbers not slowing down as the pandemic wanes? During the COVID-19 pandemic, many workers quit due to safety concerns or because their organisations are not providing adequate remote work support. Many left to ...
Views: 338 - Bonding A Team In A Hybrid Work Arrangements - by Submitted on Dec 07, 2022 from Huang RenQunThanks to the COVID-19 pandemic, the global work-from-home experience has forced organisations to rethink traditional work arrangements. Majority of organisations today are planning to introduce hybrid work models in the post-pandemic world. According to a Gartner survey of 127 company leaders ...
Views: 332 - Job Hiring Trends In 2022 - by Submitted on Nov 29, 2022 from Huang RenQunWith the “Great Resignation” in the post-pandemic era, organisations are now facing the challenge of finding talents to fill these vacant positions. According to business management consulting corporation Greenhouse, 88% of surveyed hiring managers highlighted that they are experiencing ...
Views: 339 - Why You Should Implement Flexible Work Arrangement - by Submitted on Nov 22, 2022 from Huang RenQunOne of the major future of work trends associated in the post-COVID-19 era is flexible work arrangements. While flexible work arrangement has been a hotly debated topic over the past few years, the adoption rate among organisations has accelerated within the last two years. Flexible working is ...
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