Industry Resource Articles
HR metrics are sometimes overlooked by businesses who assume they're too complicated to deal with. But HR metrics can help uncover strengths and weaknesses within a company and allow you to understand which areas you need to focus on improving and which ones you need to capitalize on. From basic HR department efficiency to uncovering the exact cost of each new employee, HR metrics are invaluable for assessing your business and devising strategies. And the best HR administration programs like those from Unicorn HRO can make utilizing HR metrics simpler than ever. Here are ten of the most helpful HR metrics and what they can tell you about your company. Continue reading...
There are many different investments you'll make into your company over the years. From your employees to your property, some are more important than others. Software for tracking time and attendance is one of the more important investments that you'll ever make. With thousands of dollars in loss each year from ineffectively tracking time and attendance, giving your company the tools needed for properly tracking time and attendance is important if you want to avoid profit loss and help ensure that you pay your employees what they're owed. There are many different types of programs out there for tracking time and attendance, and finding the best one can be tricky. Here are some tips to remember when you begin looking for the best software to help with tracking time and attendance. Continue reading...
PTO/paid time off is the single most common employee benefit offered by companies today, with over ninety percent of mid-sized to large companies offering some form of PTO/paid time off. While offering PTO/paid time off is a great way to keep your employees happy, the truth is that most companies have archaic and ineffective measures in place to track PTO/paid time off. Currently, estimates say that nearly every worker will take at least three PTO/paid time off days that aren't tracked by their employer. While that seems like a small matter, the costs of paying employees for days that they shouldn't be paid for can add up quickly. There are serious costs that come with inefficiently tracking PTO/paid time off, and it's important to understand them. Continue reading...
The FMLA might seem like a huge burden to employers, but the statistics reveal a different and surprising truth altogether. Although more than fifty million employees have taken leave under its laws, ninety percent of businesses have reported that FMLA leave has a positive or a neutral effect on their business. The only trick part of the situation comes in FMLA management. Failure to adequately handle FMLA management can result in serious problems within your company and could cost you big. And while FMLA management is something that most companies would like to avoid, the truth is that any company with more than fifty employees must efficiently handle FMLA management. Continue reading...
Forty one percent of small to medium sized businesses say that they plan to increase their number of employees over the next year, a sign that the job market is indeed improving. That also means it's returning to its once-legendary competiveness, which means that talent management will be more important than ever. To get the best from your talent management specialists, utilizing technology is vital. Few things can help your talent management abilities like good talent management software, and there is a wealth of features that you can use to improve all aspects of talent management, from attracting new employees to retaining them. Continue reading...
The Family Medical Leave act of 1993, or the FMLA, puts forth strict regulations that employers must follow concerning their employees' rights to take leave to provide medical care for their family members. Failure to follow good FMLA management rules could result in serious troubles for any business, especially a small to mid-sized one since the fines or lawsuit settlements could be severe. But in order to properly obey all of the laws laid down by the law, a company's HR department must be vigilant in FMLA management. There are several different aspects of FMLA management that involve more than some might expect, and effective FMLA management is important. Continue reading...
There are few tasks as mundane and time consuming – but also as vital – to your company as payroll. Today's business that lacks good payroll software is seriously doing itself a disservice, since recent studies estimate that utilizing payroll software can reduce the time your HR department devotes to managing payroll by as much as sixty percent. That's a huge number, and more than enough reason to invest in payroll software. When you add in the fact that payroll errors account for over twenty five percent of IRS fines levied on businesses, the need for payroll software becomes even clearer. There are a few key features and basic steps that you should keep in mind when buying payroll software that will ensure you get the program you need. Continue reading...
Few events can be as stressful for your HR department as open enrollment. The period each year when your employees can enroll in or significantly modify their benefits like insurance and retirement is a major event that will see your HR workers flooded with requests and inquiries. Bu you can turn open enrollment into a simple process that saves everyone time and energy. Remembering a few basic things can help your open enrollment process become much easier to manage. Keeping them in mind can give not only your HR workers a bit of relief, but can help your other employees manage open enrollment easily as well. Continue reading...
The backbone of any company is their employees. Recruiting employees that fit well within your company is one of the keys to success, and an astonishing thirty three percent of business failures are caused by employee theft and that employee turnover can cost three times as much as the actual salary of a position, the importance of recruiting employees effectively becomes all the more clear. But the truth is that recruiting employees is either an art or a science, depending on whom you ask, and everyone will make mistakes from time to time. There are, however, a few things that you can remember when recruiting employees that will help improve your chances of hiring the best workers. Continue reading...
It's no secret that health insurance is one of the most coveted employee benefits out there. Ninety eight percent of large companies offer it, and even seventy five percent of businesses with fifteen to twenty five employees do. Choosing the right insurance package for your employees can be a daunting task, which is why so many rely on health insurance brokers to help them find the best plans. Although some businesses may shy away from using health insurance brokers and instead try to shop for insurance on their own, their search usually leads them back to the professional help that health insurance brokers can provide. If you're ready to provide health insurance to your employees, there are many reasons that health insurance brokers should be used. Continue reading...
