Articles

Unlocking the Mysteries of HR Metrics – Secrets of the Numbers

In the old days, human resources meant little more than hiring or firing an employee. Today, however, HR encompasses a wide range of tasks from benefits administration to devising corporate strategy. HR metrics refers to a system of data that is used to measure HR and its relationship and impacts on your company. HR metrics can focus on a variety of different specifics and can be used to help uncover areas that your HR department or other departments are excelling at or those areas that they need improvement in. HR metrics can be extremely complex or deceptively simple, and can help companies boost their profits, cut their losses, and much more. In short, HR metrics are an important aspect of your company. Continue reading...

The Three Most Important Aspects of Performance Management – What to Focus On

Performance management is basically a system of different processes that combine to create an effective workforce within your company that can effectively reach your business goals. There are many different aspects of performance management, but in most cases it can be broken down into a few simple steps. If you're adopting a performance management process for the first time or want to modify your current one to maximize its effectiveness, there are three key aspects that are the most important in your performance management system. Obviously these are up for debate, but in most cases of performance management you can plan on these to have the most impact on the success or failure of your performance management efforts. Continue reading...

Why Training Management Matters – What you Should Know

Employee training is a major part of any successful business' strategy and can yield an ROI of up to twenty four percent with a single year. There are many different steps and tools that you need to employ to help with employee training, but one of the best is using training management software to help with the process of training employees. While you may be tempted to overlook training management the truth is that training management software is one of the best tools you can employ to ensure that you get the best results from employee training. There are many reasons that training management matters, but for now we'll look at some of the biggest ones. Continue reading...

The High Cost of Failure at Retaining Employees – Expensive and Dangerous

Retaining employees is one of the single most important aspects of your company. Even losing a low level worker can cost you big. Low estimates say that the turnover of a single eight dollar per hour employee will end up costing your company close to four thousand dollars when you factor in recruiting, interviewing, retraining, and loss of productivity that comes from the loss. With higher paid employees, retaining employees is even more vital. While every company will lose some employees each month for whatever reason, retaining employees can be done and your company can be more successful at it than you think. For now, however, let's take a cold, hard look at the real costs that come with a failure at retaining employees. Continue reading...

The Basics of Workers Compensation Insurance – Facts to Keep In Mind

Workers compensation insurance is a type of disability insurance that all employers are required by law to have for each employee. The very first workers compensation insurance laws began to be passed around 1902, and by 1949 every state had a law covering workers compensation insurance. Although most people think of them as strictly protecting employees, the truth is that workers compensation insurance is actually just as beneficial to employers since it protects them from costly lawsuits related to on the job injuries. While you might assume that workers compensation insurance is nothing but a thorn in your side, the truth is that it helps more than you know. Here's a look at the basics of workers compensation insurance, including the basic function of it and some common features of policies. Continue reading...

Streamlining your Payroll Service for Profit – Saving Money with Payroll Solutions

There are numerous ways that you can boost your company's profit, and the most common is actually by reducing your costs. Many methods exist for doing so, and one of the most common is to streamline your payroll service. Using outsourcing or payroll software to simplify your company's payroll service methods can boost your profits in numerous different ways and is one of the most effective and efficient ways to cut costs and improve your bottom line. If you're still managing your own payroll service, considering what a change could do for you is a worthwhile step you should consider taking. Continue reading...

What Makes up Great Payroll Customer Service – The Features You Need

Payroll is outsourced or automated more than any other aspect of HR, and for good reason. It can be one of the most time consuming processes of an HR department, and one that is very easy to automate with software or to outsource to other companies. If you're considering doing either, you'll want to be sure that you take the time to review the level of payroll customer service each company can offer you. Good payroll customer service means a lot of things, and just what makes a company's payroll customer service excellent really depends on what they're providing you. Before you commit to any payroll company, keep a few things in mind about their payroll customer service. Continue reading...

Short Term Disability Laws and Your Business – What you Need to Know

Recent studies have found that one out of every four twenty year olds entering the workforce will become disability for at least three months by the time they reach retirement age. That's a big percentage, and helps to explain why more employees than ever are looking at short term disability coverage as an attractive benefit. While there are some short term disability laws that affect most businesses, these regulations are much less strict than most realize. For this reason, offering short term disability is benefit that can attract and retain great employees. Here's a quick look at some things you should know about short term disability, including the laws and some basic policy rules. Continue reading...

Overlooked Aspects of Training Employees – Things to Remember

Your employees are your company's number one investment, which makes it all the more surprising that a high percentage of businesses actually spend more on upgrading and maintaining their equipment than they do their workers. Training employees helps your company in multiple ways, and not focusing any of your efforts on training employees can seriously damper your chances at higher profits and at overall business success. While some companies assume that training employees is an expensive endeavor they can't afford to be bothered with, training employees is one of the single most important investments you can make. Here are some more overlooked aspects of training employees. Continue reading...

Human Resource Software and Its Effects on Your HR Department – What to Expect

Human resource software is one of the most powerful tools that you can invest in for your business. Functions range from the very basic to the incredibly complex, and no matter the type or size of your company you'll be able to find human resource software that suits all of your needs and more. Adding human resource software to your company is a process that begins with your assessment of your needs and ends with the final installation and implementation of the human resource software at your company. There are a number of effects that human resource software will have on your HR department, and knowing what to expect will help the process along. Continue reading...


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