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Articles from Huang RenQun | Selfgrowth.com
- 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 - Creating A Job Description To Attract Good Payroll Managers - by Submitted on Jun 28, 2022 from Huang RenQunLooking for top talents to fill in the vacancy of your payroll manager role? It is possible – but only with the right job description that will attract these talents. Managing the entire company’s payroll duties is no doubt a heavy and crucial responsibility. Ideally, you would want someone who ...
Views: 290 - 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: 289 - Shifting From Work-Life Balance To Work-Life Integration - by Submitted on Jul 06, 2022 from Huang RenQunBefore COVID-19, work-life balance has been a hotly debated topic. Organisations and employees recognise the importance of work-life balance – the state of equilibrium where one equally prioritises the demands of work and personal life. Yet, many of us know that work-life balance is a lie. ...
Views: 287 - 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: 286 - Important Things To Consider When Changing Payroll Periods - by Submitted on May 24, 2022 from Huang RenQunSalary disbursement frequency is a critical issue to both employees and management. The management has to implement an efficient pay frequency that minimises cost as well as being in line with statutory requirements. Moreover, employees need a robust pay schedule that they can rely on so as to ...
Views: 285 - 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: 285 - What To Look Out For During A Payroll Software Demo - by Submitted on May 10, 2022 from Huang RenQunAfter all that extensive "shopping" for your payroll software and you have finally narrowed it down the selected few, how do you eventually evaluate which payroll software is best for your company? Most of the time, these payroll software vendors will grant you a free trial or demo to test out ...
Views: 284 - Eliminating Bias In The Hiring Process - by Submitted on Mar 08, 2022 from Huang RenQunUnconscious bias when it comes to hiring is difficult to root out. Essentially, it is almost impossible simply because it is an inherent part of human nature. Even when hiring managers and recruiters have completely figured out a foolproof plan on welcoming diversity within the office, an ...
Views: 282 - 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 - Compensation Packages Are More Than Just Money - by Submitted on May 24, 2022 from Huang RenQunAside from COVID-19, the Great Resignation was the next trending item that made the headlines in 2021. According to research by Gartner, 65% of employees said the pandemic has made them rethink the place that work should have in their lives. While it may seem that the pandemic has fueled the ...
Views: 278 - 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 - Creating A Highly Mobile Workplace - by Submitted on May 31, 2022 from Huang RenQunNumerous research has shown that a mobile workforce brings about many benefits to the organisation. A mobile workforce, as defined by IBM, is a group of employees that is not bound by a central physical location. Instead, employees are connected by various types of mobile technology, including ...
Views: 277 - 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 - Leveraging Verified Reviews To Decide Your Payroll Software - by Submitted on Oct 19, 2022 from Huang RenQunChoosing the ideal payroll software for your organisation can be a huge investment. When done right, it is a pleasure to use. After all, implementing a payroll software brings about a myriad of benefits including accuracy in payroll calculations and reporting, ease of report generation and time ...
Views: 277 - 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 - 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: 277 - 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 - Utilize Employee Data Effectively In 2022 - by Submitted on Oct 19, 2022 from Huang RenQunEmployee data is a rich source of database that, if utilised effectively, can reveal key people insights and facilitate decision making when it comes to formulating people strategies. However the big question is – how can organisations use employee data effectively and to their ...
Views: 277 - Salary Matters – How To Discuss Salary with Potential Candidates - by Submitted on Nov 15, 2022 from Huang RenQunTalking about salary can be an uncomfortable topic for even the most senior leaders. Even if you have good news to share – say a spot bonus or a promotion – assigning a number to the value of an employee’s job scope is tough. The situation becomes particularly challenging when managers, who ...
Views: 276 - How Can HR Help Integrate New Hires Into The Company? - by Submitted on Mar 15, 2022 from Huang RenQunHelping your new hire integrate into the company is imperative for long-term success. After all, your company’s onboarding process will eventually decide whether the new recruit stays in the long run or leave way before his or her probation period is over. The first few weeks for a new hire ...
Views: 274 - 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: 269 - 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 - Identifying And Managing Stress Within Your Team - by Submitted on Sep 27, 2022 from Huang RenQunEmployee burnout and workplace stress is extremely common today. According to Deloitte’s Workplace Burnout Survey, it found that 77% of its surveyed 1,000 full-time US professionals have experienced burnout at least once in their current role. Business leaders and managers need to take ...
Views: 268 - 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 - Payroll Outsourcing Can Help Organisations Deal With Payroll Disruption - by Submitted on Jun 14, 2022 from Huang RenQunPayroll disruption is more than just an inconvenience, especially for HR and payroll. It offers the opportunity for business leaders to pause and reflect on the efficiency of their current payroll processes, especially when the bulk of the payroll processing work can get stuck in administrative ...
Views: 264 - 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 - The Importance Of Intuitive HR Software - by Submitted on Sep 20, 2022 from Huang RenQunIntroducing a new HR software or switching from one vendor to another means change, not only for the HR department but for all employees. Employees use the software to update their personal records, submit their leave applications or track their salaries. Managers need to use the HR software to ...
Views: 262 - 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 - How To Job Search Effectively - by Submitted on Mar 22, 2022 from Huang RenQunThe Great Resignation has given employees more bargaining power nowadays with a smaller pool of work talent. With that in mind, you should perhaps think about what are your next steps to your career path, and consider if you should work longer at your current role for more experience or if it is ...
Views: 258 - Leveraging People Analytics To Lower Labour Costs - by Submitted on Aug 23, 2022 from Huang RenQunPeople analytics – using statistical approaches to derive insights from employee data to manage talent – has gotten much traction in recent years. According to Harvard Business Review, more than 70% of companies now say they consider people analytics to be a high priority. The benefits of people ...
Views: 258 - 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: 256 - Integrating HCM With Finance Systems Is The Key To A Successful Modern Global Payroll System - by Submitted on Mar 13, 2022 from Huang RenQunAny business leader would know the biggest cost of running an organisation is labour cost. According to an article by Paycor, labour costs can account for up to 70% of total business costs. This includes employees’ salaries, benefits, taxes, and other payroll-related elements. Given the huge ...
Views: 256 - 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 - Utilising People Analytics For Your Organisation - by Submitted on Aug 16, 2022 from Huang RenQunPeople analytics. Sounds complex with no clue where and how to start? That is the challenge that most organisations struggle with. Here is what people analytics means and the benefits of utilising it in the organisation. WHAT IS PEOPLE ANALYTICS? People analytics, as defined by Gartner, is ...
Views: 254 - 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 - Overcome Future Challenges With Global Payroll - by Submitted on Feb 27, 2022 from Huang RenQunOn the global stage of the business world, growth is good. The move towards globalisation allows organisations to take advantage of economic opportunity and a diverse talent pool. Coupled with the growing gig economy, there is almost no barrier to entry for someone to work for a company located ...
Views: 252 - 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 - Preparing Your Workforce For The Future - by Submitted on Jun 15, 2022 from Huang RenQunWith the slew of Millennials and Generation Z joining the workforce, it is radically changing how talent is managed, developed and incentivised. In a world of changing labour markets and more demanding employee population, having basic skills are simply not enough. Moreover, this leads to a call ...
Views: 251 - 4 Trends That Are Shaping Employee Retention Strategies Today - by Submitted on Oct 04, 2022 from Huang RenQunAt the start of 2022, organisations globally were experiencing “The Great Resignation” – a wave of unusually high turnover rates across industries and the world. Research from Gartner revealed that organisations may face turnover rates as high as 24% in 2022 and the years to come, compared to ...
Views: 250 - 5 Important Things A HR Manager Must Consider When Hiring - by Submitted on Apr 05, 2022 from Huang RenQunProcessing the payroll for a new hire can be complex as it consists of activities that must be completed before, during, and after payroll processing. When it comes to processing the payroll for a new hire, it differs from that of a regular employee. Most of the time, new hires come in at ...
Views: 247 - 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: 247 - 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 - 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: 244 - Revisiting Basic Password Security For A Secure Workplace - by Submitted on Apr 18, 2022 from Huang RenQunLet’s face it – human beings are not exactly the best at remembering things. When it comes to choosing a password for work, we tend to opt for something convenient and easy to remember. Whether it is subconscious or not, the chosen password is more often than not the same as that of our personal ...
Views: 243 - Employees’ Salaries Are Forecasted To Increase In 2022 Across APAC - by Submitted on Mar 21, 2022 from Huang RenQunAs the economy recovers from the brutal hit at the start of the COVID-19 pandemic, organisations in APAC are budgeting for pay raises across their workforce based on market sentiments from Willis Towers Watson’s 2021 Salary Budget Planning report. Globally, most countries are projecting a ...
Views: 234 - Preparing a Compensation Package Suitable For Young Talent - by Submitted on Mar 01, 2022 from Huang RenQunPreparing a Compensation Package Suitable For Young Talent As more young talent enter the workforce, their outlook and demands differ from that of Gen X and Baby Boomers. Essentially, traditional compensation packages do not work with the younger generation. This strawberry-generation seek ...
Views: 226 - 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 - 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: 114 - 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 ...
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