11 Best Practices for Effective Payroll Management
Effective payroll management sits on a very tender spot between HR and finance, and as a result, it could be pretty complex. If you’re looking to optimize your payroll management process, it is essential to implement best practices to ensure you are fully compliant and save time, money, and energy. There are many payroll best […]
How to Do Payroll Reconciliation & Avoid Payroll Mistakes
No matter the size of the business, happy employees are crucial to business growth and development. And one critical factor that drives happiness is an employee’s remuneration. This is why payday is vital in an employee’s work-life. Prompt and accurate payment of salaries is one sure way to induce happy employees. What Is Payroll Reconciliation […]
5 Critical Benefits of a PEO in Global Business Expansion
Benefits of a PEO — Business expansion across borders can be exciting. From putting together your global expansion plan to hiring more employees, reaching more customers and expanding your product/service reach, this exciting growth can, however present with a variety of changes. Without matching the need to grow profitably with the effective management and planning […]
9 Key Qualities of a PEO Service Provider
PEO service providers — One integral requisite for any business seeking to transition or expand its operations overseas is to get the services of a standard PEO provider. According to the National Association of Professional Employer Organisations (NAPEO), companies that work with a PEO grow 7 to 9% faster than those who don’t. PEO […]
How to Hack Business Growth Leveraging Africa PEO Services
Africa PEO services — Expanding to a new country is exciting! It opens up so many possibilities for success. As executives, we all want our respective businesses to succeed, right? But, the complexities involved in global expansion may dampen such excitement. However, this shouldn’t stop your plans; you can still expand your business to […]
5 Core Benefits of Using Payroll Software
Payroll is a business-critical operation for every organisation. However, regardless of business size, payroll processing can be rough, time-consuming and more complicated as the number of employees increases. This makes mistakes like entering incorrect data quite frequent, leading to miscalculations and, as a result, attracting non-compliance penalties. Addressing these challenges often involves switching from […]
Payroll System Requirements: An 8-Point Checklist
Experiencing frequent complaints about the payroll system in your organisation? Then you should realise that surely, something in the system isn’t working well. Regular payroll mistakes — for example — are signs that you should conduct frequent audits of the entire payroll process whilst you consider using or upgrading your payroll technology. A payroll solution […]
A Detailed Guide to Statutory Contributions in Nigeria
ARTICLES Table of Contents Summary National Housing Fund (NHF) National Health Insurance Scheme (NHIS) Personal Income Tax Pension Fund Industrial Training Fund Nigeria Social Insurance Fund Partner with us Summary In Nigeria, employers and employees are required to make statutory contributions to the government. These contributions are made to bodies like the National Pension Commission, […]
A Quick Introduction to Payroll Management
Introduction to Payroll Management — Payroll plays a central and strategic role for winning organisations. This is because it reflects a business’s financial stability, operational efficiency, and reputation by its function. It also directly impacts employee experience, and a good payroll management system saves organisations from compliance concerns that could result in hefty fines or […]
Driving Strategic Payroll Solutions for Your Organisation
Strategic payroll solutions and tips for your company — Depending on your type of organisation, you are bound to engage people’s services under different contracts. These differences vary and can result from work duration, type of service required, location of the team members, etc. Here are some common classes of employees and how payroll management […]
Best Practices: How to Terminate an Employee for Poor Performance
No one hires an employee with the intention of firing them someday. However, in the course of an employment relationship, a lot can go very wrong. When poor performance is the problem, and you’re considering termination, you will need a practical and fair process to help reduce your liability. Terminating an employee for poor performance […]
9 Payroll Tips for an Effective Payroll Department
An effective payroll department isn’t just essential to a business’s functioning. It also plays a significant role in maintaining a high level of employee satisfaction. Employees depend on getting paid promptly and consistently with the correct amount stated in their contracts. A payroll process that’s slow, prone to errors, or too complicated can result in […]