Hong Kong is one of the world’s most important financial centers and its financial services industry remains one of its key pillars, contributing to around 23.4% of its GDP. In 2022, Hong Kong was ranked 4th in the Global Financial Centres Index (GFCI) released by Z/Yen Group and the China ... Views: 4
The adoption of hybrid working in workplaces has proliferated in the post pandemic era. With the perceived increase in benefits that it brings about to employees, it is no surprise. Data from Gallup revealed that 59% of employees now work in a hybrid arrangement, an increase from 32% in 2019. ... Views: 11
Payroll is often overlooked as a critical function, reducing it to an administrative and repetitive task that falls under HR or Finance purview, depending on which department is keen to adopt it. However, with the evolving payroll mindset, the ongoing advancements in technology coupled with the ... Views: 15
Automating your payroll process can bring about significant benefits to the HR function and organisation. A study from G&A Partners found that HR spends almost three-quarters (73%) of their time on administrative tasks. This typically involves forms to fill out, data entry, filing, and the ... Views: 19
Is the 40-hour workweek a thing of the past? Perhaps so, according to a survey conducted by SimpleTesting. Close to 96% of the surveyed 1,000 Americans indicated that they want a 4-day workweek. In fact, 90% of surveyed respondents indicated that the 4-day workweek is outdated!
Despite the ... Views: 25
Being the newbie in the workplace is always a tricky and difficult situation. During the first few weeks in the workplace, new hires are expected to be familiar with the multiple work processes, know their team and co-workers, understand the workplace lingo, unspoken rules and so on.
This is ... Views: 27
As we enter the new age of work, the gig economy is a rapidly growing trend. The growth of the gig economy is even more apparent on the onset of COVID-19, with the number of global gig workers expected to rise from 43 million to 78 million in 2023. This shift will have major implications for the ... Views: 33
Payroll management is a crucial aspect of any well-run organisation. It is an administrative function that is indirectly linked to the success of an organisation. When the importance of payroll management is overlooked or negatively impacted for some reasons, the short- and long-term effects on ... Views: 36
The past two years have been challenging to say the least. The COVID-19 pandemic, Ukraine-Russia war, among others, have disrupted the ways of working and propelled markets to evolve and adapt at a rapid pace. This has also impacted the landscape of the work environment and the role of human ... Views: 24
Payroll function is often the biggest expense within the organisation. It is also one of the most stressful roles as it requires thorough and meticulous handling of employees wages. Close of half (43%) of organisations globally have very low or limited process standardisation in payroll.
This ... Views: 40
The decision to outsource payroll should not be taken lightly. Yet, there are multiple benefits in which outsourcing payroll can bring about. In fact, 73% of organisations today outsource some aspects of their payroll.
While outsourcing payroll takes the burden of computing employees’ ... Views: 31
It is no secret that a successful organisation often stems from an engaged and highly-motivated workforce. And there are many factors that contribute to high satisfaction levels among your employees – collaborative workplace culture, competitive pay and innovative benefits are just some ... Views: 36
Payroll can be a messy and stressful affair when you have to manage large employee groups. It requires the organisation to track an individual employee’s payroll record, make statutory deductions and tax filings. By outsourcing these tedious but crucial payroll processes, business leaders can ... Views: 41
As with any business decisions, the decision to outsource payroll should not be taken lightly. Outsourcing payroll, as with any other outsourced business function, comes with its benefits and an element of risk. After all, it involves dealing with confidential and sensitive payroll information ... Views: 47
The Great Resignation has been triggered by the pandemic – but why are resignation numbers not slowing down as the pandemic wanes?
During the COVID-19 pandemic, many workers quit due to safety concerns or because their organisations are not providing adequate remote work support. Many left to ... Views: 49
Thanks to the COVID-19 pandemic, the global work-from-home experience has forced organisations to rethink traditional work arrangements. Majority of organisations today are planning to introduce hybrid work models in the post-pandemic world. According to a Gartner survey of 127 company leaders ... Views: 44
With the “Great Resignation” in the post-pandemic era, organisations are now facing the challenge of finding talents to fill these vacant positions. According to business management consulting corporation Greenhouse, 88% of surveyed hiring managers highlighted that they are experiencing ... Views: 50
One of the major future of work trends associated in the post-COVID-19 era is flexible work arrangements. While flexible work arrangement has been a hotly debated topic over the past few years, the adoption rate among organisations has accelerated within the last two years. Flexible working is ... Views: 46
Talking about salary can be an uncomfortable topic for even the most senior leaders. Even if you have good news to share – say a spot bonus or a promotion – assigning a number to the value of an employee’s job scope is tough. The situation becomes particularly challenging when managers, who ... Views: 53
i-Admin, a Workday partner, has officially achieved Workday Certified Payroll Effective Change Interface (PECI) Partner status in nine countries:
Singapore
Malaysia
Hong Kong
Taiwan
Thailand
Japan
China
Korea
Macau
With this certification, ... Views: 58
For many years, parental leave has been a hotly debated debate across Asia. However, each country has their own unique approach to this issue. Some countries offer paid parental leave while others offer unpaid leave. The duration of the leave, both paid and unpaid, also varies between ... Views: 67
In today’s increasingly competitive labour market, organisations are no doubt in a hurry to snatch up the cream of the crop. However, when hiring managers cut corners to speed up the onboarding process, such as skipping the need for background checks, this should raise the alarm ... Views: 64
Choosing the ideal payroll software for your organisation can be a huge investment. When done right, it is a pleasure to use. After all, implementing a payroll software brings about a myriad of benefits including accuracy in payroll calculations and reporting, ease of report generation and time ... Views: 59
Employee data is a rich source of database that, if utilised effectively, can reveal key people insights and facilitate decision making when it comes to formulating people strategies.
However the big question is – how can organisations use employee data effectively and to their ... Views: 63
At the start of 2022, organisations globally were experiencing “The Great Resignation” – a wave of unusually high turnover rates across industries and the world. Research from Gartner revealed that organisations may face turnover rates as high as 24% in 2022 and the years to come, compared to ... Views: 57
Employee burnout and workplace stress is extremely common today. According to Deloitte’s Workplace Burnout Survey, it found that 77% of its surveyed 1,000 full-time US professionals have experienced burnout at least once in their current role.
Business leaders and managers need to take ... Views: 72
Introducing a new HR software or switching from one vendor to another means change, not only for the HR department but for all employees. Employees use the software to update their personal records, submit their leave applications or track their salaries. Managers need to use the HR software to ... Views: 70
Employees expenses form the biggest expense in every organisation’s budget. And business leaders recognise that. After all, employees form the arms and legs of the business – conducting research and development, marketing and selling products or services, and running the day-to-day operations. ... Views: 105
People analytics – using statistical approaches to derive insights from employee data to manage talent – has gotten much traction in recent years. According to Harvard Business Review, more than 70% of companies now say they consider people analytics to be a high priority. The benefits of people ... Views: 88
People analytics. Sounds complex with no clue where and how to start? That is the challenge that most organisations struggle with. Here is what people analytics means and the benefits of utilising it in the organisation.
WHAT IS PEOPLE ANALYTICS?
People analytics, as defined by Gartner, is ... Views: 93
The rising inflation rates in 2022 has been a huge concern for employers and employees. With the damage from the COVID-19 pandemic compounded by the Russian-Ukraine invasion, countries across the globe are feeling stagnant growth and elevated inflation in 2022. According to statistics reported ... Views: 118
Payroll is often the biggest expense that organisations have to manage. And payroll costs goes beyond the monthly salaries disbursed to employees. It includes benefits, taxes, payroll platform licensing fees, and administrative costs from outsourcing payroll.
That being said, processing ... Views: 115
Before COVID-19, work-life balance has been a hotly debated topic. Organisations and employees recognise the importance of work-life balance – the state of equilibrium where one equally prioritises the demands of work and personal life.
Yet, many of us know that work-life balance is a lie. ... Views: 113
With the rapid utilization of technology in the workplace today, numerous jobs are seeing technology replacing human roles. Additionally, with the growing business demands and usage of automation within organisations, simply relying on manual processes as well as technology is simply not enough. ... Views: 94
Looking for top talents to fill in the vacancy of your payroll manager role? It is possible – but only with the right job description that will attract these talents. Managing the entire company’s payroll duties is no doubt a heavy and crucial responsibility. Ideally, you would want someone who ... Views: 119
Thanks 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: 110
Pay equity has been a hot topic over the years, fuelled by social movements such as #MeToo and Equal Pay. In 2018, in the first of its kind, Iceland introduced a policy that required organisations with more than 25 employees prove that they pay men and women equal pay for a job of equal value. ... Views: 135
With the slew of Millennials and Generation Z joining the workforce, it is radically changing how talent is managed, developed and incentivised. In a world of changing labour markets and more demanding employee population, having basic skills are simply not enough. Moreover, this leads to a call ... Views: 95
With the slew of Millennials and Generation Z joining the workforce, it is radically changing how talent is managed, developed and incentivised. In a world of changing labour markets and more demanding employee population, having basic skills are simply not enough. Moreover, this leads to a call ... Views: 112
Payroll disruption is more than just an inconvenience, especially for HR and payroll. It offers the opportunity for business leaders to pause and reflect on the efficiency of their current payroll processes, especially when the bulk of the payroll processing work can get stuck in administrative ... Views: 100
With the slew of social media platforms the likes of Facebook, Twitter, Instagram and LinkedIn, businesses are fast catching on the trend of using these social media platforms to reach out to a wider audience. After all, with the social-media savvy Millennials and Generation Z, perhaps the most ... Views: 173
People analytics or HR analytics is described as the process of using data in analytical processes to solve business problems. This process uses employee-related data collected through HR systems, such as payroll, human resource management system and leave management system, and business ... Views: 116
Most people assume that cyber security only applies to big businesses. After all, enterprise level organisations have much to offer in terms of the sheer amount of valuable data – be it employee’s personal information, payroll data or the company’s transactions and accounting records. Thus, it ... Views: 133
Numerous research has shown that a mobile workforce brings about many benefits to the organisation. A mobile workforce, as defined by IBM, is a group of employees that is not bound by a central physical location. Instead, employees are connected by various types of mobile technology, including ... Views: 100
Salary disbursement frequency is a critical issue to both employees and management. The management has to implement an efficient pay frequency that minimises cost as well as being in line with statutory requirements. Moreover, employees need a robust pay schedule that they can rely on so as to ... Views: 120
Aside from COVID-19, the Great Resignation was the next trending item that made the headlines in 2021. According to research by Gartner, 65% of employees said the pandemic has made them rethink the place that work should have in their lives. While it may seem that the pandemic has fueled the ... Views: 118
With 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: 153
One of the most important functions of any business is payroll. Employees need the assurance that they will be paid on a consistent basis without having to worry about delays. Timely payroll impacts every aspect of a business, from employees’ morale to the financial stability of the ... Views: 183
After all that extensive "shopping" for your payroll software and you have finally narrowed it down the selected few, how do you eventually evaluate which payroll software is best for your company?
Most of the time, these payroll software vendors will grant you a free trial or demo to test out ... Views: 135
Choosing a payroll software is never easy. With the plethora of fancy features offered by the numerous payroll software vendors, it might seem as if all of it could very well solve your payroll woes – or not.
To help you narrow down your selection, here are 6 essential features that any ... Views: 167