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Articles from Huang RenQun | Selfgrowth.com
- 4 Ways To Set Up A Payroll Calendar And Sticking With It - by Submitted on Jun 08, 2021 from Huang RenQunIn payroll, it is all about the dates. For employers and HR, this means deciding on a payroll schedule to dictate how frequent to pay employees. Once a payroll schedule is decided, it becomes easier to set up a payroll calendar to facilitate timely salary disbursements. Payroll schedules for ...
Views: 429 - Sowing seeds of success with HR transformation - by Submitted on Jun 07, 2021 from Huang RenQunIn every profession, the debate is whether man or machines will win the race. Like all other professions, HR jobs are at a threat. In this age of digitalization and social disruption, traditional HR is irrelevant for today’s era of business. If HR professionals do not step up to evolve with the ...
Views: 398 - Payroll Fraud Is Real And Why SMEs Are Most At Risk - by Submitted on Jun 04, 2021 from Huang RenQunBroadly defined, payroll fraud is the theft of cash from a business via the payroll processing system. Contrary to popular belief, payroll fraud is a widespread issue that is not defeated by technology. Rather, technology is the main perpetrator of payroll frauds. With the rapid advancements ...
Views: 393 - Building A Fun Company Culture in Which People Can Flourish - by Submitted on Jun 02, 2021 from Huang RenQunWork and play are two words that never go hand in hand. For all our lives, we have been taught to “work hard, play hard”. However, can fun be etched in work itself? Creating a fun company culture is a great attraction and retention strategy. Besides that, it improves engagement levels within ...
Views: 400 - 4 Effective Ways To Avoid Late Salary Payments - by Submitted on May 31, 2021 from Huang RenQunNo employee wants to receive their salaries late. Not only does it have downstream impacts on their finances and personal budgeting, it also creates an unhappy and disengaged workplace culture. One instance of late salary payment can cause employees to undermine the reliability of their ...
Views: 404 - Top 4 Challenges HR Face With Disparate HR Systems - by Submitted on May 27, 2021 from Huang RenQunIntegrating separate HR systems such as payroll, HRIS or e-leave has numerous advantages – HR information is being consolidated onto one platform and can be easily imported and exported; reports can be easily generated to assist with decision making and pattern spotting; HR processes are more ...
Views: 372 - 4 Powerful Ways To Invest In Your Employees For A Business Owner - by Submitted on May 27, 2021 from Huang RenQunWorkers form the basis of any successful organisation. In order to keep your employees engaged and empowered, it is critical for the organisation to invest in your workers. When it comes to investing in employees, larger companies and unicorn startups certainly have the upper hand. From ...
Views: 429 - 10 Traits To Look For When Hiring Payroll Professionals - by Submitted on May 24, 2021 from Huang RenQunMost 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: 472 - 3 Ways To Success In Your Digital HR Initiatives - by Submitted on May 21, 2021 from Huang RenQunToday, there are numerous organisations implementing various digital HR initiatives within the workplace. At the same time, there are numerous business software vendors promoting and advocating the positive impacts that their HR technology bring about. More often than not, these HR technology ...
Views: 419 - Rewards & Recognition: The Balance Between Personalization & Automation - by Submitted on May 19, 2021 from Huang RenQunOrganisations today are entering a new era of disruption. Today’s workforce is highly exposed to technology, whereby technology is “expected” to automate processes and bring about a slew of advantages to the workplace. Concurrently, the workforce is also witnessing a change in employee ...
Views: 363 - Competitive Pay & Good Managers – Key To Millennial Retention - by Submitted on May 19, 2021 from Huang RenQunMillennials – the notorious generational bunch, known for their different workplace values as compared to the Baby Boomers and Gen Y. They are infamously known for their job-hopping trend, chasing after trendy employee perks and fatter paychecks. Yet, organisations are willing to “succumb” to ...
Views: 366 - 4 Things To Consider For Your New Subsidiary Company - by Submitted on May 14, 2021 from Huang RenQunNow 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: 444 - Employee Experience Should Be A Priority For Every Business Leader - by Submitted on May 10, 2021 from Huang RenQunEmployee experience reflects the changing nature of work. Employers today are recognising that people are their most important assets and that they must reimagine every aspect of work – from recruitment, onboarding to job evaluation, collaboration, perks and the work environment itself – or risk ...
Views: 345 - 3 Key Considerations For In-House Payroll Processing - by Submitted on May 09, 2021 from Huang RenQunWhen 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: 452 - Do’s and Don’ts of Smart Payroll Management - by Submitted on May 09, 2021 from Huang RenQunPayroll is often one of the biggest expenses for any organisation. Hence, it is crucial for organisations to ensure that it is accurate and disbursed to employees on time – or risk unhappy employees. There is no denying that payroll is a complicated business. The complexities of processing ...
Views: 379 - Managing Payroll In The Post COVID-19 Workplace - by Submitted on May 09, 2021 from Huang RenQunThe COVID-19 pandemic has disrupted labour markets globally in 2020. The short-term consequences were severe – people lost their jobs, small businesses struggled to stay afloat and employees scrambled to adjust to remote-working arrangements. At the same time, we also saw how organisations ...
Views: 396 - 4 Common Wage Mistakes That Small Businesses Make - by Submitted on Apr 29, 2021 from Huang RenQunStarting a business can be a daunting task, particularly when it comes to paying your employees, contractors and freelancers. Remunerating your full-time employees is relatively straightforward, given that the only additional cash components to be included would be their bonuses, fixed ...
Views: 415 - 4 Tips To Create A HR Technology Strategy For Your Company - by Submitted on Apr 28, 2021 from Huang RenQunThanks to the ever-growing innovation, technology has rapidly transformed the way HR professionals do their jobs today. HR professionals are constantly urged to leverage on technology to support and enhance the efficiency of HR processes. Moreover, more companies are keeping in sync with this ...
Views: 415 - 5 Tips To Ensure The Security Of Payroll Records - by Submitted on Apr 28, 2021 from Huang RenQunIn this day and age, payroll record-keeping is becoming a high priority for organisations. As an employer, it becomes their responsibility to securely manage sensitive payroll records and employee data, along with securely storing this confidential information. What are payroll ...
Views: 419 - Why You Shouldn’t Track Expenses In Spreadsheets - by Submitted on Apr 19, 2021 from Huang RenQunRegardless of whether you are managing a small startup or large corporation, every dollar and cent counts. This means that tracking of the company’s expenses is integral in managing the finances and profit efficiently. Inaccuracies in numbers and data can have a significant impact on the ...
Views: 373 - Advantages of Multi-Country Payroll Outsourcing for Global Companies - by Submitted on Apr 08, 2021 from Huang RenQunThere was a time in the dim and distant past when all payroll processes were handled manually, but this was one of the first areas of business to be outsourced and automated, and it’s not hard to understand why. Asia’s booming business hubs have attracted a spectrum of international businesses, ...
Views: 319 - Payroll For Part-Timers In Singapore: 5 Things You Need To Know - by Submitted on Apr 07, 2021 from Huang RenQunWith 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: 461 - 5 Useful Tips For HR To Manage Payroll Efficiently - by Submitted on Apr 06, 2021 from Huang RenQunThe 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: 469 - 3 Things You Need To Know To File Your Employee Taxes Correctly - by Submitted on Apr 05, 2021 from Huang RenQunRapid urbanisation has opened up a wider range of job opportunities and mobility within the workforce. While this is certainly beneficial for organisations, it also puts a strain on the HR department. Tracking payroll and statutory tax reporting becomes even more important and critical as ...
Views: 430 - HR Analytics: Unifying The Power Of People And Data - by Submitted on Mar 31, 2021 from Huang RenQunOrganisations today are relying heavily on people or workforce analytics as part of their business strategies. Yet, when we think of workforce analytics, images of large spreadsheets with seemingly endless rows of employees information will pop into mind. Even if organisations have a ...
Views: 419 - 4 Tips To Maximize Your Investment In Human Resource Management System - by Submitted on Mar 30, 2021 from Huang RenQunAfter 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: 449 - 4 Tips To Improve Your F&B Payroll Management - by Submitted on Mar 29, 2021 from Huang RenQunBeing 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: 541 - Payroll For New Hire – 4 Things HR Manager Needs To Look Out For - by Submitted on Mar 24, 2021 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: 454 - 5 Time Management Tricks To Boost Your Payroll Team’s Productivity - by Submitted on Mar 22, 2021 from Huang RenQunWhen 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: 457 - 4 Latest Payroll Trends That You Will Be Curious About - by Submitted on Mar 18, 2021 from Huang RenQunIn 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: 505 - 4 Things To Consider When Analyzing Payroll Processes - by Submitted on Mar 18, 2021 from Huang RenQunWith 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: 488 - Will Virtual Reality Change The Way HR Recruit? - by Submitted on Mar 15, 2021 from Huang RenQunVirtual 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: 519 - Resistance To New Tech: Motivating Employees To Adopt New Technology - by Submitted on Mar 14, 2021 from Huang RenQunTechnological changes have no doubt changed the way work processes are today. However, these technological changes have also caused a divide between employees - those who are in favour of new technological tools and those who are resistant to change. There are numerous categories that ...
Views: 441 - ePayslip Take The Pain Out Of Payroll - by Submitted on Mar 09, 2021 from Huang RenQunHow 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: 562 - Top 3 Challenges That Payroll Professionals Face Daily - by Submitted on Mar 09, 2021 from Huang RenQunManaging 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: 506 - Why Technology Is HR’s Friend, 3 Ways Tech Has Transformed HR - by Submitted on Mar 04, 2021 from Huang RenQunWhat do people generally think of the HR department? Mountains of paperwork. Tedious calculations for payroll and taxes. Close surveillance of employees’ leave applications, sick records and ensuring no employees are absent more than deemed appropriate. Sounds like a really mundane and boring ...
Views: 438 - How Does i-Admin Payroll Work? Here Are 6 Key Differences - by Submitted on Mar 02, 2021 from Huang RenQuni-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: 493 - 5 Key HR Tools That Drive Employee Engagement - by Submitted on Feb 24, 2021 from Huang RenQunWhat 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: 525 - 5 Tips You Will Need For HR Vendor Management Success - by Submitted on Feb 10, 2021 from Huang RenQunIn 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: 502 - 3 Factors You Need To Consider When Budgeting for Payroll - by Submitted on Feb 09, 2021 from Huang RenQunPayroll 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: 565 - How Employee Self-Service Portal Can Benefit The Organisation - by Submitted on Feb 01, 2021 from Huang RenQunAs 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: 568 - Choosing A Payroll Provider? 8 Questions You Should Ask - by Submitted on Jan 26, 2021 from Huang RenQunEngaging 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: 532 - 4 Simple Steps To Conduct Your Payroll Parallel Testing - by Submitted on Jan 19, 2021 from Huang RenQunBased 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: 585 - 4 Common Misconceptions Around Payroll Outsourcing - by Submitted on Jan 18, 2021 from Huang RenQunRunning 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: 540 - What Does Payroll Management Mean In HR? - by Submitted on Jan 05, 2021 from Huang RenQunWhat 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: 645 - An Effortless Payroll Migration With This Simple Guide - by Submitted on Jan 04, 2021 from Huang RenQunPayroll 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: 618 - Payroll Processing: 7 Key Steps HR Managers Need To Do - by Submitted on Dec 28, 2020 from Huang RenQunPayroll 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: 585 - 5 Strategic Human Resource Planning Tips For 2021 - by Submitted on Dec 16, 2020 from Huang RenQunHuman 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: 720 - Falling behind your payroll schedule? 5 mistakes you should avoid for your business - by Submitted on Dec 10, 2020 from Huang RenQunMaking 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: 518 - Invest In A Payroll Software That Grows With Your Business - by Submitted on Dec 07, 2020 from Huang RenQunPayday 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 ...
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