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As we've observed rapid changes in corporate infrastructure and regulations over the years, many businesses are finding it increasingly difficult to keep up. With one particular area of concern: Managing Payroll.
If you are a first-time business owner reading this, perhaps you might think that the idea of managing your company's...
Payroll refers to all the financial records and data pertaining salaries, wages, overtime, bonuses, deductions related to entities, employees, owners or partners paid for services provided during a specific period of time. Such information is generally required for the filing of taxes and submission of regulatory forms. It may seem simple and easy,...
This infograpic helps you to weigh the pros and cons of four common payroll methods used by businesses in the world.
We hope this infographic would give you clarity as to which is the most ideal payroll method that suits your business requirements.
Common Payroll Methods Compared
1. Excel Payroll
2. Outsourced Payroll
3....
In most industralised countries, the average age of workforce tend to increase. Employees are getting older and replaced by technological innovations. Robots or Artificial intelligence (AI) will replace many jobs in the near future.
With Asia-Pacific (APAC) expecting an increase of 200 million elderly people (aged 65 and above) between now...
Forward-looking businesses reflect on how they can adapt to the ever-changing workforce by improving workforce productivity and perfecting their employees reward systems. A great employees rewards system is the way to retaining talents in any organisation. This is because:
"All employees, whether full-time, part-time or contract-based, deserve a workplace environment...
The phenomenon that "Everything is connected", does not only exist in the world of Dirk Gently. In today's digitised world, it is virtually impossible for nothing to be connected to something else... .. . for better or worst, depending on how you look at it.
Perhaps one of the greatest difficulty that businesses...
In a bid to improve workforce productivity, these are the questions that would probably run through the minds of HR professionals and business owners today:
» Who are the employees frequently late for work?
» How much is their lateness costing our company each month?
» Who worked overtime last week?
» How...
According to a recent study conducted by Workday and IDC, employees in Malaysia are the second happiest workers in Asia Pacific. Thanks to pull factors are better pay, career prospects and work-life balance.
Their Singaporean counterparts, on the other hand, are mostly optimistic and excited about entering a digital economy, with more...
