Organizations spend lot of time designing the employee onboarding experiences, however equally important if not more is designing a pleasurable employee exit experience. So, let us look at some important design elements of this critical organizational process
If you are still wondering about the importance of designing a stellar employee exit management process, consider this.
When you have an option of thousands of HR technology solutions to choose from, the process of selection is complex. Apart from multiplicity of software applications, the HR technology buyer is also faced with the dilemma of specialist vs generalist. In this cacophony of softwares how do we make a reasonable decision?
Every time there is a discussion on payroll management systems, organizations mandate that payroll must be accurate and that your employees should be paid on time with every payroll and compliance considerations possible. This should always be the case but, organizations are now waking up to a third dimension in successful payroll management – “Transparent Payroll”.
Payroll Management seems like a simple task where you consolidate hours worked, calculate wages owed, and send out paychecks followed by updating the records. Yet, when it actually comes to payroll management, every organization faces its unique set of challenges.
A recent survey by Deloitte revealed that reporting of taxable compensation to local payroll, tax withholding obligations, and year-end processing procedures are among the top payroll challenges that organizations face and almost 35 percent of respondents indicate that maintaining the accuracy of withholding calculations for regular or supplemental pay is a big problematic area.
Aon did a study that surveyed over 304 companies in the Asia Pacific region, ranging in size from small, medium-sized firms (under 500), to large corporations (more than 5,000) to identify HRs’ challenges during Covid19.
67% of HR leaders cite crisis management or business continuity planning as their top challenge during the COVID-19 outbreak.