article thumbnail

Top 15 Tips to Track Payroll Metrics

HR Lineup

These KPIs will serve as benchmarks for measuring the effectiveness and efficiency of your payroll processes. Automated payroll systems can calculate wages, deductions, and taxes accurately, reducing the likelihood of errors and ensuring compliance with regulations.

Metrics 52
article thumbnail

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

Homebase

Track hours. 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. Prep for payroll.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Are you doing enough to leverage tech for employee relations?

HRExecutive

Advertisement Yet, without a strong focus on analytics, reaching those ER objectives will be an even tougher challenge, according to HR Acuity’s fifth annual Employee Relations Benchmark Study. This year’s study was based on in-depth research from more than 125 organizations, representing approximately 4.5 million employees in the U.S.

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

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).

article thumbnail

Compensation Analysis: The Definitive 2022 Guide

Decusoft

You will learn what is included in compensation analysis, as well as what you can do with the information you obtain to ensure your company remains competitive from a wage perspective. There are several benchmarks that are used to analyze data between roles and companies. What Is a Compensation Analysis? Experience.

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.