article thumbnail

Top 15 Tips to Track Payroll Metrics

HR Lineup

Payroll management is a critical aspect of any business, regardless of its size or industry. Accurate and efficient payroll processing ensures that employees are compensated correctly and on time, while also helping businesses comply with various regulations and tax requirements.

Metrics 52
article thumbnail

Time Logs: Definition, Benefits, and Steps to Keep One in Your Business

Homebase

Track hours. Prep for payroll. For instance, a comprehensive log of time clock data can help you understand if people are having to work extended hours during especially busy periods, which might help you make a decision to assign more staff during those days or that season. A free time clock that frees up your time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Small Business Money Management Made Simple

Homebase

Mastering concepts like cash flow analysis probably wasn’t what sparked that entrepreneurial passion. But ignoring tricky money management can leave starting business owners vulnerable to cash crunches. The good news is you don’t have to become an advanced accounting expert overnight!

article thumbnail

Top 6 ADP alternatives & competitors (in-depth comparison)

Homebase

That’s why you’re looking for HR software that can take some tedious admin tasks off your hands. That way you can find an HR and payroll platform that ticks all your boxes. Steep learning curve Small businesses have tight profit margins so you can’t afford to have a week of lost productivity while you onboard a new software.

article thumbnail

What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Human Resources is both a function and a department within an organization.

article thumbnail

Conducting an HR Audit – Review, Identify, Improve

CCI Consulting

Essentially, HR audits are an efficient tool used to improve processes like recruitment, retention, onboarding, training, salary and compensation, payroll, performance management, and many more common practices within an HR department. The word “audit” generally elicits the idea that an aspect of the operation is doing something wrong.

article thumbnail

Minimum Wage Increases for 2022

Stratus

Despite talk of raising it, the federal minimum wage is still $7.25 per hour and unchanged for most states that have historically maintained the federal standard. However, many states that have higher minimum wage rates have announced *increases for 2022. Alaska: $10.34 (already in effect; tips do not count toward minimum wage).