When it comes to payroll, one of the most common compliance issues is the incorrect calculation of Regular Rate of Pay.
Expense reimbursement schemes can be a significant issue for many organizations. Fraudulent expenses are often approved and paid without being detected by managers, the accounting department, or payroll. These pay outs of fraudulent expenses directly impact the bottom line of an organization.
Recently Willory conducted a survey to try and receive some feedback from our own network of professionals to gauge the HR and payroll industries. We wanted to get professionals’ takes on where the current state of affairs in HR and payroll as well as explore what the future may hold.
Every year we like to take the time to look into our imaginary crystal ball and try to predict what is going to be big in HR and payroll in 2018. Like many others, we have expert knowledge in HR and payroll, but we are absolutely not clairvoyant. As a team we’ve come together to present these five predictions for HR & payroll in 2018.
Do you view your job as scientific? Many human resources professionals often see their roles as administrative, tedious, maybe even strategic… but rarely scientific. Human Resources and payroll are often perceived as straightforward and maybe even rigid, but can we really be taken over by the rise of technology solutions? More and more, artificial intelligence is positioning to take over HR jobs. So, what can you as an HR or payroll professional do to stay in front of the next systems upgrade?
Often the intersection between HR and payroll lies in the fact that they’re housed within the same department, led by a CHRO or HR director. It is obvious why they are together – they are “cost centers” tasked with employee needs. Makes sense, but running payroll requires a significantly different set of skills than HR leaders typically have.
There are over 2,000 employee engagement services in the market today – so if you think employee engagement is a fad you should reconsider. Pick up any human resource publication or search for hundreds of blogs to find articles on this topic. Employee engagement is here to stay. With the right planning, you can build up your organization and your career.
Want to know one of the easiest ways to predict the success (or failure) of an HR consulting project before it even officially begins? Look at the project team. Who’s on it and what is their commitment to the HR project as a whole? Implementing a new HR and payroll system is no easy feat. The project comes with a myriad of twists and turns. Building a team that is knowledgeable, capable, and hardworking is one of the key components to a successful implementation or activation.
Last night the voices of the nation proved the media and election polls wrong. For many the election of Donald Trump to the presidency signaled a call for change. What happens now is a nation that proved itself significantly divided, but ready for a major shake-up, will begin to repair itself and wait to see what January 2017 brings.
I recently caught up watching Game of Thrones. Most everyone knows that the HBO show Game of Thrones, based on a series of books by George R.R. Martin, follows a multitude of story lines across the fictional continents of Westeros and Essos. It's a world with dragons, beheadings, and exciting and yes, bizarre story lines. So how am I going to connect Game of Thrones to the payroll world?
