Human Resource (HR) managers should already be fully aware that long term organisational success requires the alignment of people with the organisation’s strategy. This is undoubtedly the HR’s key role in every organisation. However, very often, it is challenging to connect people and business ... Views: 731
What is a payroll management software?
A payroll management system, predominantly a software, is a tool that allows organisations to handle all of their employees’ payroll details.
Alongside employee wages and deductions, other details such as leave management, employees’ personal data and ... Views: 654
In the world of people and operations, there is no lack of opportunities for process improvements. Changing business landscapes are pushing the boundaries of human resource (HR) capabilities. Continuous process improvements through agile and Kaizen methodologies as organisations strive to boost ... Views: 635
Payroll migration can be an exciting time for HR as well as business leaders. Whether it is due to a system upgrade to an external payroll provider, data server consolidation or HR process integration, migration of payroll to a newer and advanced technology platform certainly helps to drive ... Views: 630
While cloud computing has been around for some time, with the rapid improvements in its technological capabilities, it is gradually replacing rigid software with an all-inclusive low cost computing solution.
However, implementation of the cloud technology challenges business owners to re-look ... Views: 623
The role of a payroll professional goes beyond merely ensuring that employees are paid accurately and on time. They also need to enforce payroll compliance with the respective employment laws and payroll legislations.
Given that it is extremely common for payroll legislations to change on a ... Views: 618
Based on the definition provided by Deloitte, parallel testing is an “effective methodology for simulating production processes and transactions in a very controlled manner to determine whether systems are working well before a new approach goes “live.”” In layman terms, it means running the old ... Views: 598
Payroll is a highly critical business function in any organisation. One wrong calculation or a slightly delayed salary disbursement may result in unhappiness ensuing amongst employees. When payroll mistakes happen on a recurring basis, this causes employees to feel financially insecure in the ... Views: 596
As a HR professional, you are likely to be familiar with the feeling of being inundated with HR-related queries from your employees.
In fact, according to the HR Software Survey Data conducted by BambooHR, they found that 71% of HR professionals within the surveyed organisations found that ... Views: 581
Payroll is one of the biggest and most important parts of a company’s budget. For most, or if not all organisations would have a revenue forecast for the financial year. As revenue is money coming in, and spending is money going out, this is where the importance of budgeting steps in. However, ... Views: 576
How am I supposed to complete my payroll for a thousand over employees in just one month?! Using only excel to calculate? What is with all the constant changes to the HR legislations, it is so difficult to keep up with all of the changes! Can't we just automate some of these manual payroll ... Views: 575
The COVID-19 pandemic has accelerated the way organisations work today. Many organisations have shown resilience and reacted and adapted quickly to new ways of working. Employees grew more creative and adaptable, and in the majority of cases, working from home has seen its fair share of ... Views: 567
Payroll is one of the most critical aspects of business. Not only does it ensure that employees are paid timely and accurately, it also affects employee morale and reflects a business’ financial stability and reputation.
Payroll is typically managed by the HR and/or Accounting department. For ... Views: 557
Running payroll across multiple regions can be overwhelming and complex for multinationals as there are numerous regulations and local labour laws to adhere to. As such, most multinationals frequently rely on payroll outsourcing to handle this administrative function. Based on Deloitte’s 2018 ... Views: 554
Being in the food and beverage (F&B) business is tough without a doubt – long hours, never-ending customers, planning and updating your menus to follow the latest food craze. Coupled with the need to deal with suppliers while ensuring your F&B business stays profitable, it is no doubt a ... Views: 553
Payday is typically a monthly affair that most people look forward to. For many small businesses and startups, it is a period of immense stress and frustration.
Why is payroll software important for small businesses?
Payroll is complicated and time-consuming. However, it is also a critical ... Views: 547
Engaging a payroll provider can be an exciting yet challenging task for business leaders and the HR department. There are numerous benefits associated with engaging a payroll provider.
Why engage a payroll provider?
For most organisations, engaging a payroll provider means freeing up ... Views: 544
Employees are a critical asset to any organisation. Engaged employees translate to a motivated and productive workforce, which in turn leads to positive outputs for the organisation and its customers.
There are plenty of ways to engage employees, with the primary source typically being ... Views: 538
What is employee engagement?
Employee engagement has been gaining much traction within the HR community in recent years. In fact, the first question that comes to mind for most senior leaders in terms of driving productivity is – how can I keep my employees engaged in the workplace?
It ... Views: 535
With the proliferation of HR systems and payroll outsourcing, payroll processes are slowly being streamlined. However, before jumping onto the payroll software bandwagon, it is critical to assess your payroll processes. Is your HR system in-line with your payroll processes? Does your HR system ... Views: 534
Virtual Reality (VR) is the latest buzz in the technology world today. Besides merely being used for gaming, VR today plays a crucial role in the workplace as well. Simulation of client scenarios, learning and development and even in recruitment, the possibilities of VR today is far more ... Views: 533
Making mistakes is an inherent part of human nature. However, in the corporate world, payroll mistakes can have some serious consequences on the line of business. The wrong numbers can result incorrect payment to employees, leading to inefficiencies within the organisation. Such mistakes might ... Views: 526
In Ernst & Young’s (EY) annual global survey of CEOs, they have identified human capital management as the single greatest challenge for long-term business growth. In fact, payroll cost is one of the biggest fixed costs that organisations are able to control. Yet few organisations are able to ... Views: 519
Managing payroll is a highly meticulous task. Even the most seasoned payroll professionals may make mistakes from time to time due to the ever-changing payroll legislations and large volumes of employee data. Yet, it is imperative to ensure that payroll is done precisely and accurately – the ... Views: 518
In today’s fast-paced economy where organisations are striving towards productivity and cost-efficiency, organisations are becoming increasingly reliant on external HR vendors to enhance their HR processes. Third-party HR vendors span across various services that caters to the numerous ... Views: 511
At some point of our careers, we definitely want to move up to a more senior position. And regardless of the organisation that we are in, most of us like to think that there is a meritocratic system in place – that with hard work, one is able to easily climb up the corporate ladder.
In ... Views: 508
In the era of outsourced payroll today, there are several companies, regardless of size, that still choose to handle their payroll processing in-house. The reasons cited varies from company to company, including having control over timing, processes and costs as well as ability to customize ... Views: 504
i-Admin is a leading regional payroll outsourcing provider, serving a wide range of clients across Asia, from local SMEs to global Fortune 50 companies. Our proprietary technology platform offers payroll solutions to 15 countries all around Asia.
We also provide a singular web-based platform ... Views: 501
With the proliferation of HR systems and payroll outsourcing, payroll processes are slowly being streamlined. However, before jumping onto the payroll software bandwagon, it is critical to assess your payroll processes. Is your HR system in-line with your payroll processes? Does your HR system ... Views: 499
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views: 493
Most organisations are aware the accurate and efficient payroll is instrumental to the organisation’s success. However, with the intricate and complex regulatory payroll landscape, payroll remains a highly specialised and complicated business function. Payroll staff need to be able to handle the ... Views: 484
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views: 483
The HR department is often overlooked as a critical business function. In fact, the HR department plays an integral role in managing human capital within the organisation. Essentially, they are the ones that drive the heart of the organisation – the employees. Apart from overseeing core HR ... Views: 481
Payroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees.
This ... Views: 479
With the evolving work arrangements in our workplace today, companies can expect more flexibility when it comes to the working structure. As such, there is a growing market of freelancers and part-timers.
As hiring part-timers is becoming a common affair, here is what you need to know when ... Views: 476
When it comes to payroll, companies tend to have a difficult time classifying them under the appropriate department. Should payroll come under the purview of the Human Resources or Accounting department?
Human Resources might seem to be more appropriate given that it is the department which ... Views: 472
Managing employees’ leave applications is one of the most simple yet critical HR activities. HR has to ensure compliance with labour laws and the organisation’s leave policies, while balancing employees’ need to take time off.
WHAT IS LEAVE MANAGEMENT?
Leave management encompasses the ... Views: 470
When you are managing a team, there are bound to be instances whereby mistakes are made or certain tasks are incomplete. And that is completely fine! After all, people do make mistakes from time to time. However, when it comes to payroll processing, mistakes should be kept to a minimum. If it ... Views: 466
Processing 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: 464
Pairing tech savvy with exceptional foresight and key leadership skills makes a great leader. Today, companies seek leaders that possess more than simply a long list of business accomplishments – they seek business leaders who know how to marry business foresight with strategic IT decisions. ... Views: 464
With the slew of HR software in the market today, it would come as no surprise for organisations to jump onboard the HR software bandwagon. After all, HR software brings about a plethora of benefits to organisations – automation of administrative tasks, integration of the HR and Finance ... Views: 462
Talent assessments, or pre-employment checks, are typically used by employers to determine if a prospective candidate is a good fit for the job or organisation. In the race to hire the best talent, organisations are increasingly turning towards these talent assessment tests as a way to sieve out ... Views: 461
What is the difference between goals, objectives, and outcomes? After all, they seem to be synonymous with measuring employees’ performance. However, when it comes down to understanding how to differentiate and improve an employee’s performance, perhaps there might be a need to differentiate ... Views: 461
Whether you are in the HR team issuing out salaries to employees or on the receiving end counting down to payday, you would have come across these few terms: paystub, payslip and paycheck.
While the common trait between these three terms is that they all have “pay” in them, do they imply ... Views: 461
When it comes to running a business, there are some business functions that cannot be compromised. One of them is payroll processing. There is nothing more important than ensuring a well-managed payroll system.
Ensuring that payroll is executed well goes beyond utilising a robust payroll ... Views: 459
We live in a world of technology, where it has advanced to every aspect of society. This is most noticeable in businesses, where companies rise or fall due to the successful (or unsuccessful) adoption of technology and software. Nonetheless, most companies regard these technological disruptions ... Views: 459
After several months of scouting around and deliberation, you have finally decided on a particular human resource management system. Several months in, the entire human resource management system is finally fully implemented and ready to be used. However, in order to fully reap the benefits of ... Views: 459
The 2019 Deloitte Global Human Capital Trends has identified 10 human capital trends for organisations to focus in order to create meaningful impact on employees in the organisation. Two of these trends: learning and mobility resonates strongly for human resources leaders today.
According to ... Views: 459
Pay equity has been a hot topic over the years, fuelled by social movements such as #MeToo and Equal Pay. In 2018, in the first of its kind, Iceland introduced a policy that required organisations with more than 25 employees prove that they pay men and women equal pay for a job of equal value. ... Views: 457
Now that your organisation has decided to un-merger itself or breakaway from the parent company, what are the next steps? There are bound to be a lot of restructuring amongst and within departments. One pain point would be the handling of payroll under this new circumstance. Given that a ... Views: 456