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The Benefits of Outsourcing Your Payroll Function
Among the many tasks that payroll professionals cite as frustrating, staying up to speed on ever-changing government tax regulations and the cost of correcting mistakes or paying penalties for errors are at the top of the list. Add to that the relentless and cyclical nature of payroll–it has to go out accurately and on time,…
Why Keeping Detailed Payroll Records and Reports is so Vital
Payroll is complicated, confidential and constant. The business of maintaining detailed records and reports on behalf of employees is highly regulated. The IRS cares, and so does the U.S. Department of Labor. Its Fair Labor Standards Act (FLSA) has rigid rules regarding recordkeeping that must be followed, and which are different for exempt and nonexempt…
Creating a Workplace that Supports Mental Health and Well-Being
The World Health Organization estimates that depression and anxiety cost the global economy one trillion dollars per year in lost productivity. They cite the following workplace factors as risks to mental health: Inadequate health and safety policies Poor communication and management practices Limited participation in decision-making or low control over one’s area of work…
Why Is Everyone Talking About Analytics?
Interest in HR analytics has been steadily rising for the past 10 years, which is no surprise considering how analytics-driven data can be harnessed to help sculpt corporate strategy and impact the bottom line. Would the ability to make data-supported decisions to attract, manage and retain key talent be helpful? How about boosting employee collaboration…
Four Keys to a Successful Implementation
A robust and useful HR/Payroll system (also called HRIS or HCM) can quickly elevate the effectiveness and success of both HR and Payroll. However, even the highest-rated system can create headaches or bottlenecks if poorly implemented or not fully adopted throughout the organization. Implementing a new system is a major undertaking. You can achieve a…
Do You Really Need a New System or Vendor?
HR and payroll professionals often become frustrated by the limited support they receive from payroll and HR system vendors. In fact, vendor support challenges are the primary reason that most companies seek out new systems. But an expensive and time consuming decision like changing your entire HR system is not always the solution.
It’s Crucial to Update Your Carrier Feeds During Open Enrollment. Here is How Wise Can Help.
The 2020 open enrollment period is fast-approaching, and if you don’t already know the importance of updating your carrier feeds during this crucial season, it is time that you do. Read on to learn what carrier feeds are, how they are important for HR management and how Wise can walk you through the entire process….
Year-End is Upon Us. Have You Completed These Important Steps?
Year-end is approaching faster than you think, which typically means heightened stress levels as your HR department scrambles to manage auditing, tax reconciliation, W-2 preparation and other headaches. Are you dreading this important but anxiety-inducing time of year? Wise can help you manage it the right way. Read on to learn how the Wise team…
Mitigating the Risk of Rapid Company Growth on HR and Payroll
When an organization has the opportunity to greatly expand operations through rapid hiring or a strategic acquisition, senior management is likely more focused on “other things” than HR and Payroll. Yet, successfully on boarding and correctly paying those new employees is a critical factor in overall success.
Tired of Payroll Chaos
There are times of year that your payroll department will be feeling the weight of their duties the most—many becoming utterly overwhelmed. Staffing in the payroll world is typically “just enough to get by.” And with the highly specialized work they do, most companies don’t have many outside teams that can pitch in and help…