“Payroll problems affect approximately 82 million U.S. employees, with around 25% experiencing paycheck errors. The IRS estimates that about one-third of employers make payroll mistakes annually, leading to nearly $7 billion in penalties collected in 2021. On average,...
It’s 2024, and with advanced technology streamlining payroll processes, there’s no excuse for not implementing the best global practices. Managing payroll is a challenge even for local companies, regardless of size or industry. But for businesses operating...
Processing payroll is a fundamental responsibility for any business, regardless of size. It’s crucial for keeping employees happy and loyal. While payroll can be complex, especially for larger companies with many employees, its core purpose is simple: Pay...
The remote work revolution is here to stay. With over 26% of US employees working remotely in 2022 and projections estimating 36.2 million Americans telecommuting by 2025, businesses are rapidly adapting to a geographically dispersed workforce. This shift, however,...
As the world gets more interconnected, companies are increasingly hiring abroad to build international teams and outshine their rivals. But managing payroll for a global workforce comes with its own set of hurdles, especially when it comes to complying with local...
Strategic human resource management (SHRM) is a proactive approach that aims to closely integrate an organization’s HR practices with its overall strategic objectives. It involves carefully designing HR systems and initiatives to maximize employee performance...
