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Now, as the world of work transitions to a new, hybrid model with employees working both remotely and on-site, there is a new layer of challenge that awaits HR professionals among all the others - payroll.
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Remote work was the buzzword of 2020 - pandemic lockdowns, quarantines, insecurity, and health scares brought down by the infamous last year made a long-lasting impact on the business world. But as the world slowly goes back to normal, a new way of working has everybody interested.
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The HR department manages the entire employee lifecycle, from recruiting and hiring to the exit interview, and every step in between. HR professionals handle mountains of paperwork and many labor-intensive tasks.
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The events over the last several years propelled public momentum in addressing systemic injustice and social inequity, especially in the workplace. This has cast a bright spotlight on organizations’ diversity, equity and inclusion (DEI) efforts – specifically around gender and racial pay gaps.
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Trying to manage today’s rapidly evolving remote workforce with outdated software has been shown to drag down productivity, raise costs, and increase risks of noncompliance. Today’s workforce is mobile, schedules are not only 9 to 5, but flexible and constantly changing.
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There are many famous food ‘combos’ such as peanut butter and jelly, spaghetti and meatballs, not forgetting strawberries and cream. (I could go on). But when it comes to businesses, arguably the most well-known combo is HR & Payroll – where the functions of finance meet the administrative prowess of the human resources team.
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There’s no doubt the Covid-19 pandemic has changed everything about the way we work. While some of us have transitioned to remote work—which comes with its own unique set of challenges—many others who are still working on-site are burdened with the stress of working with the public amid a global health crisis.
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You have seen the term “subminimum wage” thrown about in the news or small business discussions. But is it a viable option for your company? It’s complicated.
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Undivided commitment is the key to success. Therefore, corporates must have a dedicated and committed workforce to deliver their best output to achieve organizational success. In this case, many obstacles come into view to obstruct the pathway to success.
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