• MANAGEMENT

    What Will Be the Future of Payroll & HR Outsourcing After the Pandemic?

    When COVID-19 hit several months ago, many entrepreneurs found themselves working on the front lines of various finance and employment issues, from furloughing staff members to handling payroll tax changes. Several operational HR and payroll limitations emerged as the result of the pandemic, especially for small- and medium-sized businesses. As a result, many small businesses recognized that their payroll and HR processes needed improvements. However, since hiring full-time payroll and HR teams who could offer that kind of support wasn’t an affordable option for most, many companies partnered with a professional employer organization (PEO) for their payroll, human resource, and other needs. As companies are starting to settle into their routines again…

  • BFSI

    Top Human Resource Management Challenges That You Need to Look After

    The business world is constantly changing, giving rise to a number of human resource management (HRM) challenges. HR professionals have to perform tasks such as workforce planning, training and development, compensation and benefits, while handling legal issues, among other responsibilities. HRM can be a challenge for small businesses because most don’t have in-house HR departments to rely on. Here are eight HRM challenges that startup owners have to face. . 1. Attracting Top Talent: Attracting the best talent takes time, sound judgment and a whole lot of work. This is why this human resource task tops the list of challenges faced by HR professionals. To attract the right people for…

  • BFSI,  Industrial

    Importance of Payroll Outsourcing Companies and Payroll Software

    Processing payroll in-house can be costly, time-consuming, tedious and prone to errors. In addition, entrepreneurs may have trouble having all the payroll software on-hand to complete payroll tasks accurately and compliantly. Therefore, many business owners have come to prefer the expertise of payroll outsourcing companies. Check out a few reasons why payroll outsourcing and software could help your business enjoy error-free, secure and compliant payroll processing. Save Time and Money No matter how many employees a business has, processing payroll requires a lot of time, as well as tremendous attention to detail. Payroll outsourcing companies can free up that time, which you as the entrepreneur can then dedicate to more…

  • BFSI

    Best HR Outsourcing Services for Small Businesses in 2020

    Your small business is growing and thriving, thanks to your entrepreneurial efforts to cultivate new customers, finalize sales and expand your product line. But one area where you haven’t had time to focus too strongly is in the HR sector. Although this is common for many founders, it’s a problem that has to be rectified swiftly. That’s because if your company isn’t staying up to date on employment and labor laws, benefits administration, new employee onboarding and payroll processes, then you could be setting yourself up for serious issues. One way to ensure that your company is on top of its HR obligations without disrupting your company flow is to outsource…