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 […]
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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
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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
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A good hiring strategy necessarily employs pre-employment background checks. But what really are these checks and why are they necessary? Picture this … After a long search, you’ve finally found an applicant that fits the profile. He’s got talent, skills, experience, and by the looks of it, the personality too. So naturally, you’re excited and
Pre-Employment Background Checks: Importance & Types to Reduce Hiring Risk Read More »
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Growing a business to the point of profitability in Nigeria is complex enough. If you add the energy required to manage employees and remain free from business litigation, it could amount to a lot of pressure for business leaders to keep things running smoothly. Regardless of how tough it may be to keep the ship
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The benefits that a good PEO can provide organisations are clear. However, the issue of the costs of hiring a PEO frequently raises concerns for some organisations. So, how does a PEO price its services? Several factors impact PEO cost. However, a straightforward answer is that a PEO prices its services according to: The value
Hiring a Professional Employer Organisation? A PEO Cost Analysis Read More »
Maintaining an excellent employee experience throughout an employee lifecycle is a crucial responsibility of organisations. And when done right, businesses reap the rewards in the form of increased customer satisfaction which improves customer retention, and ultimately, revenue. This article focuses on helping you understand a crucial aspect of payroll that ensures quality employee experience when
Employee Payroll: Understanding Full and Final Settlement Read More »
At the heart of the matter, HR professionals have only one purpose: increasing employee performance and delivering on organisational goals. Whether that means sourcing and hiring the best talent or creating an environment in which talent can thrive, every plan and every step that HR takes must deliver on the mandate above. Consequently, since the
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How well are your HR initiatives impacting the bottom line of your organisation? Peter Drucker is reputed to have said, “If you can’t measure it, you can’t manage it.” A plethora of research has confirmed that effective HR practices can make a big difference in the growth of an organisation. A few years ago, when
How Well Are You Meeting Your HR KPIs? Read More »
Furlough and layoff are buzzwords and are of the most loathed terms in the world of work. Nevertheless, if the day comes when an organisation needs to reduce its payroll due to financial hardship, they are options that employers must deeply consider to keep the business stable. But what do the terms mean? Most people
Furlough vs Layoff: What Every Employer Needs to Know Read More »