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6 Workforce Metrics with Significant Financial Impact

UKG

Some noteworthy budget forecasting KPIs might include: Annual cost of employee benefits. Projected employee turnover rate. Compliance-related changes in regulations or policies. Cost of learning management and employee training programs. Some noteworthy labor costing KPIs might include: Total employee compensation.

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M&A Friday! This Week’s HR Deals

Advos

Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Ascentis Raises Growth Equity Financing from Summit Partners. Employee Relations Associates Completes Growth Investment. Happy Friday. seed round. Sign up now.

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Leave Management: A Guide to Improve Employee Leave Management

UKG

How to improve employee leave management. Understand the different types of employee leave. Keep a close watch on compliance. Issues managing employee leave. Benefits of leave management systems. Leave management, otherwise known as time-off management, is the process of managing employees’ time-off requests.

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The CFO’s Role in Fighting Workplace Theft

UKG

Those automated records are also hugely helpful in the event that your organization is audited or needs to take disciplinary action against a fraudulent employee. Misclassified employees. The most common form of misclassification involves listing full-time employees as contract or contingent workers.

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Workforce Optimization Best Practices for Blue Collar Employers in Labor-Driven Industries

UKG

Federal, state, and local compliance requirements. A few common labor costs to account for include: Hourly and salaried employee wages. Health insurance and other employee benefits. Complex schedules and nontraditional shifts. Complicated labor costing. Overtime pay. Learning management and training programs. Payroll tax.

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How to Track Employee Hours

UKG

When determining how to track employee time and attendance for your business, it is important to keep in mind a number of factors specific to your organization, as well as some best practices and regulatory compliance issues that apply to nearly every employer. Employee Time Tracking Hardware.