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Articles from Huang RenQun | Selfgrowth.com
- 5 Steps Getting To The Root Cause Of Payroll Errors - by Submitted on Dec 21, 2021 from Huang RenQunPayroll errors are inevitable. After all, humans are known to err and payroll miscalculations or even system errors occurs. However, that does not mean that there is no way to resolve such payroll problems. One proven effective way to identify and prevent common payroll errors is to use root ...
Views: 412 - 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: 721 - 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: 459 - 5 Tips Conducting An Effective Payroll Audit - by Submitted on Nov 23, 2021 from Huang RenQunPayroll has always been a crucial component of the payroll process. In addition to ensuring that employees’ wages are calculated accurately and disbursed on time to employees, best payroll practices within the company includes performing detailed and accurate payroll audits.Conducting regular ...
Views: 444 - 5 Tips For Managing Payroll & Year-End Tax Processing - by Submitted on Nov 08, 2021 from Huang RenQunAs the year comes to a close, make sure that all your figures are in order before beginning the new year. Carry out the following before your last payroll of the calendar year to ensure a smooth transition to the next year. Understand the nature of each used pay items Not every payment has ...
Views: 382 - 5 Tips For Managing Payroll In M&A - by Submitted on Dec 18, 2021 from Huang RenQunMergers and acquisitions are part and parcel of the business world. However, as with all mergers and acquisitions, this can then have significant impact on internal processes. While most of the responsibilities lies on the top management to ensure a smooth transition with the organizational ...
Views: 409 - 5 Tips to Avoid Cash Flow Issues For Your Startup - by Submitted on Dec 28, 2021 from Huang RenQunWhether it is a large business or a small startup, cash flow is king. Essentially, every choice or decision you make is dependent on the capital you need in order to turn production into a profitable reality. Cash flow is a major factor in the success of any business. This rings even truer for ...
Views: 396 - 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: 421 - 5 Tips To Negotiate Your Salary - by Submitted on Dec 16, 2021 from Huang RenQunSuppose you sailed through an interview and finally landed on that dream job which you have always wanted. But as the HR runs through with you your compensation package, you realise that the starting salary figure is not what you had in mind. Or worse, it is significantly lower than what you had ...
Views: 367 - 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: 504 - 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: 471 - 5 Useful Tips To Help Managers Retain Productive Employees - by Submitted on Jun 14, 2021 from Huang RenQunProductive employees are a valuable asset to organisations, particularly when turnover rates are disturbingly high. While employee retention strategies primarily falls on HR’s responsibility, managers have a major role to play in these employee retention strategies as well. Given that ...
Views: 387 - 6 Reasons Why HR Needs Data And People Analytics - by Submitted on Jun 07, 2022 from Huang RenQunPeople 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: 291 - 6 Ways Technology Is Revolutionising The Face Of HR - by Submitted on Aug 30, 2021 from Huang RenQunTechnology has evolved over the years, driving efficiency, agility and optimisation. There is no doubt that technology has significantly improved, even enhanced, numerous workflows and daily lives. From automation of administrative tasks to predicting technology and artificial intelligence, ...
Views: 373 - 7 Practices For A Productive Payroll Process - by Submitted on Nov 25, 2021 from Huang RenQunThe one day that all employees look forward to every month is undoubtedly pay day. On the other hand, if you are responsible for the payroll process, pay day is no doubt the day that you dread the most. There are many processes to keep track of while running payroll for the entire company ...
Views: 438 - A good Payroll Department is crucial to an organisation’s success - by Submitted on Nov 25, 2020 from Huang RenQunPayroll is one of the most critical aspects of business. Not only does it ensure that employees are paid timely and accurately, it also affects employee morale and reflects a business’ financial stability and reputation. Payroll is typically managed by the HR and/or Accounting department. For ...
Views: 547 - Active Listening Is The Key To Leadership Success - by Submitted on Aug 26, 2021 from Huang RenQunACTIVE LISTENING IS THE KEY TO LEADERSHIP SUCCESS Effective leadership is built on a solid foundation of clear mission, vision, strategy and certain leadership skills – one of which is active listening. Active listening, as its name suggests, means that one is fully concentrating and ...
Views: 435 - Advance Your Payroll Management - by Submitted on Dec 31, 2021 from Huang RenQunIn every workplace, there are times when even the most conscientious employees may find themselves dealing with issues outside of work. Such setbacks could come in the form of illness, a death of a loved one or a catastrophic event. The employee may find that the savings they are insufficient to ...
Views: 369 - 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: 322 - AI and Machine Learning: Implications for HR in the Banking Sector - by Submitted on May 18, 2023 from Huang RenQunThe banking sector in Hong Kong has been at the forefront of technological innovation in recent years, with digital transformation and automation reshaping the industry. One of the most significant technological trends impacting the banking sector is the rise of artificial intelligence (AI) and ...
Views: 270 - AI And The Future Of Payroll - by Submitted on Nov 20, 2021 from Huang RenQunPayroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees. This ...
Views: 483 - AI And The Future Of Payroll - by Submitted on Nov 20, 2021 from Huang RenQunPayroll is indisputably the most data-intensive aspect of Human Resources (HR). Every payroll cycle demands hundred percent accuracy, timeliness and seamless coordination of every payroll process – from updating employee bank records and salary data to disbursement of wages to employees. This ...
Views: 472 - 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: 620 - Banking Professionals: Enhance Training & Compliance with Hong Kong’s Training Tracking System - by Submitted on Apr 19, 2023 from Huang RenQunAs the financial industry in Hong Kong continues to evolve and grow, continuous professional training has become a critical aspect for banking professionals to stay updated with industry regulations, maintain their skills, and enhance their career prospects. However, managing and tracking the ...
Views: 285 - Benefits of Flexible Pay to Your Employees - by Submitted on Jun 28, 2023 from Huang RenQunAs work structures today gradually shift to accommodate the gig economy, pay structures also have to adapt to the changing needs of the workforce. Workers today are expecting accelerated salary payouts, thanks to the rising gig economy and flexible work arrangements. This is where flexible pay ...
Views: 255 - Benefits Of Hiring A Payroll Service For Startups - by Submitted on Dec 17, 2021 from Huang RenQunEvery small business owner will no doubt have a “business growth” vision. Of course, this would include hiring employees which will allow the business owner to spend more time focusing on business strategies and long-term growth. Naturally, running a small business is a complicated affair. ...
Views: 372 - Benefits Of Leveraging A Training Tracking System - by Submitted on May 09, 2023 from Huang RenQunAs the demand for new skills gains traction in today’s workplace, upskilling and cross-skilling are key for any employee to stay relevant in the industry. The World Economic Forum projects that automation is likely to displace 85 million jobs by 2025 and the robot revolution is expected to ...
Views: 259 - Benefits Of Workday Cloud Connect - by Submitted on Mar 07, 2022 from Huang RenQunWorkday is an on-demand financial management and human capital management software vendor. The corporation is known for its suite of applications that help clients with administrative yet complex business functions, namely Finance, Human Resources (HR) and IT. WORKDAY CLOUD CONNECT FOR ...
Views: 311 - Bonding A Team In A Hybrid Work Arrangements - by Submitted on Dec 07, 2022 from Huang RenQunThanks 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: 324 - Bridging Knowledge Gaps With A Training Tracking System - by Submitted on Sep 06, 2023 from Huang RenQunIn today’s fast-paced and highly competitive talent landscape, continuous learning and development programmes are crucial for organizations to stay ahead. At the same time, employees need to upskill and cross-skill regularly in order to stay relevant and contribute effectively to the ...
Views: 238 - 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: 405 - Centralized vs. Decentralized Payroll: Balancing Global Cohesion with Local Flexibility - by Submitted on Dec 03, 2024 from Huang RenQunAs businesses grow and expand across borders, managing payroll becomes increasingly complex. The question of whether to centralize payroll for streamlined efficiency or decentralize it for local adaptability is crucial. Organizations must find the right balance between maintaining global ...
Views: 109 - Check If Your Payroll Processes Are Meeting Your Payroll Needs - by Submitted on Dec 31, 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: 521 - 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: 533 - Choosing the Right Continuous Training Tracking System - by Submitted on Jul 05, 2023 from Huang RenQunEmployee training has a great impact on employee motivation, retention and overall productivity levels, with 45% of employees likely to stay at their current organisation longer if there is visible investment in their learning and development. However, if organisations were to just administer ...
Views: 261 - Cloud Computing – A Silver Lining for SMEs? - by Submitted on Nov 25, 2020 from Huang RenQunWhile cloud computing has been around for some time, with the rapid improvements in its technological capabilities, it is gradually replacing rigid software with an all-inclusive low cost computing solution. However, implementation of the cloud technology challenges business owners to re-look ...
Views: 616 - Common Payroll Terms That HR Needs To Know - by Submitted on Oct 28, 2021 from Huang RenQunPayroll is a far more complex business function than most people realise. There are plenty of payroll terms to be aware of, alongside compliance with local and regional statutory legislations. On top of that, it is imperative to ensure accurate and correct salary computations for every payroll ...
Views: 434 - Compensation Packages Are More Than Just Money - by Submitted on May 24, 2022 from Huang RenQunAside 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: 269 - 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: 368 - Contractor Payrolling & Its Benefits - by Submitted on Apr 25, 2023 from Huang RenQunWith the booming gig economy, the engagement of contractors or independent workers are becoming increasingly popular. Statistics have shown that the gig economy grew by 30% in 2020, expanding 8.5 times faster than the US economy. With the flexibility that gig work offers, it is no wonder that ...
Views: 247 - Create More Strategic At Your Work - by Submitted on Aug 02, 2021 from Huang RenQunCREATE MORE STRATEGIC MEETINGS WITH THESE 3 STEPS Business meetings are part and parcel of a daily work day. In some cases, meetings take up the bulk of office hours. However, the question is: how productive are these meetings? Work meetings can be tiring and unproductive if business leaders do ...
Views: 402 - Creating A Highly Mobile Workplace - by Submitted on May 31, 2022 from Huang RenQunNumerous 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: 270 - Creating A Job Description To Attract Good Payroll Managers - by Submitted on Jun 28, 2022 from Huang RenQunLooking 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: 285 - Cyber Security – Protect Yourself at Work! - by Submitted on Nov 12, 2021 from Huang RenQunLet’s face it – human beings are not exactly the best at remembering things. When it comes to choosing a password for work, we tend to opt for something convenient and easy to remember. Whether it is subconscious or not, the chosen password is more often than not the same as that of our personal ...
Views: 412 - Cyber Security’s Importance In Small Businesses - by Submitted on May 31, 2022 from Huang RenQunMost 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: 318 - Data-Driven Tips To Boost Employee Morale - by Submitted on Aug 18, 2021 from Huang RenQunThere are no doubt certain times of the year whereby employees’ morale dip to a low. It could be due to a busy period for the organisation, high turnover rates or perhaps change in senior management. Nonetheless, whatever the reason may be, you definitely do not want your employees’ morale to ...
Views: 442 - Dealing With Inflation Concerns Among Employees - by Submitted on Aug 10, 2022 from Huang RenQunThe 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: 320 - Dealing With The Great Resignation – How Do We Retain Employees - by Submitted on Apr 11, 2022 from Huang RenQunThe last year has seen a huge exodus of employees leaving their current jobs. Also known as the Great Resignation, the ongoing employment trends began in early 2021 across most countries globally. According to the U.S. Bureau of Labor Statistics, resignation figures peaked in April with a ...
Views: 323 - Decentralized Payroll Solutions: When Local Expertise Matters in Global Expansion - by Submitted on Dec 03, 2024 from Huang RenQunAs businesses expand into new markets, one of the most critical aspects of success is ensuring efficient and compliant payroll management. This challenge intensifies across borders due to varying labor laws, tax regulations, and local employment practices. Decentralized payroll solutions emerge ...
Views: 87 - Delivering Results From Your Technology Projects - by Submitted on Aug 10, 2021 from Huang RenQunAutomation today is fast becoming an integral part of today’s workplace. At the same time, HR is also jumping on the bandwagon in technology adoption. While technology certain aids in enhancing productivity and improving workflow processes, critical technology initiatives can still fall flat at ...
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