The High Cost of Payroll Errors: What to Know and How to Prevent Them
A recent study about payroll and payroll errors by Ernst & Young, a multinational accounting firm, surveyed over 500 companies (from 250 to 10,000 employees) and found that: When HR processes are handled manually, nearly every step of payroll creates an opportunity for mistakes. As identified by the Ernst & Young study, here are just […]
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HR Data Integration: Streamlining Data with HR Technology
A piecemeal approach to technology can lead to some big problems, especially when you’re building an HR system. Sure, you can find a different software provider for every solution, but there’s little hope that they will work together. With HR software, data integration is an essential measure of software compatibility. This is why integrated technology […]
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Tips for Reporting HR Data to Company Executives & Managers
The HR department must have a good relationship with upper management. Ideally, HR should report to the highest levels of the C-suite, such as the CEO and CFO. When margins get tight and somebody upstairs wants to cut bonuses or benefits, does your HR team have the data to advocate for employees with a compelling […]
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The Biggest HR Data and Reporting Mistakes to Avoid
A lot goes into HR data, analytics, and reporting. Advanced HR software can improve accuracy and efficiency, but how do you know whether HR analytics will be a smart investment for your company? To better understand the numerous uses and benefits of HR data and reporting, ask yourself the following seven questions. How will HR […]
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10 Critical HR Metrics for Human Resource Management
Though seemingly routine to outsiders, everyday HR tasks are critical to keeping a business running. While its importance is never questioned, how do you set goals and measure the success of your HR processes? Like all departments, there are several critical HR metrics that help determine the effectiveness of HR tasks and initiatives throughout your […]
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How Technology Makes HR Reporting & Analytics Easier
What’s so important about HR analytics and HR reporting? Like everything HR-related, it’s all about people. The most important ingredient in your company’s success is the people who work there, and analytics can help you empower workers while improving overall efficiency. Combine diverse sets of data to produce insights for better supporting employees as well […]
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HR Analytics: What do Data & Reporting Mean for Human Resources?
The term “analytics” gets tossed around carelessly these days. Like tech companies talking about “artificial intelligence” or job applicants’ not-so-clever use of “proficient in Microsoft Word,” people can use the term “analytics” to mean just about anything. For HR analytics to be worthwhile, they must provide useful insights for your business and in-depth analysis of […]
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10 Ways HR Technology Helps Manage Labor Cost More Effectively
In many industries, labor cost is one of the biggest expenses for a business. According to the Bureau of Labor Statistics, wages and salary costs make up about 70% of employer costs for employee compensation. The remaining 30%of costs go toward benefits. In a period of inflation and rising wages, how can your business manage […]
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The Ultimate Guide for Creating An Employee Handbook (Including 15 Must-Haves)
Does your company have an employee handbook? If not, then you really should create one—no matter the size or industry of your company. Is your employee handbook up to date? If not, then you should strive to update it regularly to ensure safety, compliance, and engagement. READ: Updating Employee Handbooks: Why, When, and How A […]
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HR Technology: Why NOW is the Right Time to Switch to Netchex
The HR calendar is full year-round, especially in the latter half of the year. From open enrollment to taxes, there is so much to plan, analyze, and report. HR professionals barely have time to breathe, much less get anything else done. Thankfully, HR technology is designed to make the administrative side of HR easier, smarter, and more efficient year-round, not just at year-end (but we are here […]
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