Payroll practices are very important for an organization. Good practices streamline payment processes. Yet, given the nature of a payroll, not implementing best payroll practices can lead to mayhem, because there is a lot of paperwork involved in it. Although primarily a function of the finance department, HR has a role to play in implementing best payroll practices.
A few best payroll practices
Ensuring transparency: a proper payroll policy should be spelt…Continue
Added by Russel Stuart on August 13, 2013 at 3:04am — No Comments
Performance management is one of the important aspects of HR’s work. It does this in collaboration with management. Performance management is essentially about assessing an employee’s performance. Obviously, HR has a major part in performance management, because it is at the forefront of understanding how employees work in an organization.
It is a good practice to document staff performance. Let us examine some of the benefits of documenting staff performance:
Added by Russel Stuart on August 13, 2013 at 3:03am — No Comments
A simple definition of an audit could be that it is a continuous, objective assessment of the systems that are in place. The aim of this assessment is to check if the processes and policies are compliant with required standards or not. So, what does auditing and administrating human resources policies entail?
Auditing and administrating human resources policies means continuously evaluating the department’s adherence to policy guidelines in relation to all the work it does. These…Continue
Added by Russel Stuart on August 13, 2013 at 3:02am — No Comments
Most companies that deduct annual bonuses in the preceding year are usually up against one issue. The provisions of Annual Bonus Deductibility are the reason for this. Yes, nobody would like to land oneself in accounting issues, but although Annual Bonus Deductibility errors are committed unwillingly, many accounting, tax, legal and HR professionals all over America end up facing a mess.
Date of employment is the issue
The primary reason why this happens…Continue
Added by Russel Stuart on August 13, 2013 at 3:01am — No Comments
Appraisals are annual events in any organization. For the HR professional, it is a challenge to make the right appraisal of any candidate. A positive appraisal, which results in a good pay hike, will surely be welcome by the employee receiving it, but is envied or even contested by other employees who are not on the same level, giving way to ill feeling and perhaps even sabre rattling.…Continue
Added by Russel Stuart on April 22, 2013 at 1:27am — No Comments