HCM's Boost Corporate Morale

Four Ways Your HCM Will Boost Employee Morale

Employers everywhere, and in every industry, have learned firsthand the many benefits offered by an HCM (human capital management) system. A well-appointed automated system integrates seamlessly within various department resources. As a result, business owners instantly enjoy optimal efficiencies throughout their organization.
While the advantages to entrepreneurs are well known, many executives don’t realize the many benefits an HCM system delivers directly to their employees. Providing a human capital management system to your staff members streamlines a host of procedures, making employees' business lives infinitely easier. In many cases, companies with a human capital management system actually feel like their organization has seen an improvement in morale.
How can these highly functioning systems boost the mood at your company? An HCM offers key benefits to employees, such as:

1. Employee Empowerment:
   Companies without an automated human capital management system often require employees to rely on others to make key changes to their data and files. However, a human resource database immediately enables staff members to manage many internal processes. Once the system has been installed, your team will be able to initiate functions such as time-off requests, changing tax status, and even updating data in their personnel files. Putting workers in charge of these functions bolsters a sense of empowerment throughout your organization.
2. Minimizes Wait Time:
   Waiting for updates and information flow can quickly dampen the mood at any sized business. Updating your human resources functionality can minimize overall wait time. Staff members gain access to various pieces of the database. They have the ability to log in and make any necessary changes as well as read details about different company policies, employment requirements, etc. Having admission to important information means that they no longer have to wait for answers from busy co-workers, instantly reducing overall wait time and allowing for enhanced efficiencies throughout the organization.
3. Reduced Margin For Error:
   Empowering your staff means granting them more responsibility and accountability. This is typically a good thing. Not only will your team have greater control over their daily working routines, your automated system also minimizes necessary communication throughout various departments, quickly reducing the margin for error. Individual workers become responsible for their own schedules and will take the time needed to process various functions through the system rather than relying on others who may make manual mistakes, or overlook requests completely.
4. Instant HR Upgrade:
   Many employers find that their automated HR system enhances the overall vibe throughout their human resources department. Manual systems can leave human resource personnel overworked, and stressed, which often bleeds into their interactions with co-workers. However, having a proficient automated system delivers an instant HR upgrade. When workers do need to communicate with human resource administrators, your staff will have the bandwidth needed to be available and attentive.

Contact The Payroll Company Today
Ready to learn more about optimizing efficiencies with a human capital management system? The Payroll Company can help. Contact the team today for a no-risk consultation about your current HCM needs.

This post was originally published at http://www.payrollcompany.biz/hcms-boost-corporate-morale/

HCM Software Automates Onboarding

Use HCM Software To Automate Employee Onboarding

Employee onboarding can feel like a taxing and overwhelming process, for both the HR resource and new team member alike. Often wrought with extensive paperwork and reading, onboarding can prove draining, setting a sluggish tone and overall impression that the new worker has for your organization. Fortunately, this does not have to be the case. Many HR departments, of every size and scope, have discovered the many benefits offered when using HCM software to automate the employee onboarding process.

Benefits Of Using HCM Software With Your New Coworkers

Using an automated HCM software solution with your new hires instantly gets the process off on the right foot. Rather than taking countless hours to manually work through a seeming mountain of paperwork, your integrated application allows employees the opportunity to fill everything out on their computer. This offers a multitude of benefits throughout the process. First, you and the new hire will be able to get through the process more quickly, freeing up critical bandwidth for each of you. This can prove crucial for candidates anxious to get matriculated and hit the ground running with their new position.

Additionally, having an automated onboarding system demonstrates that your company embraces cutting edge innovation as part of its corporate culture. Companies with manual processes can instantly seem dated and obsolete. However, your technology solution gives your organization a competitive edge, and can even be used throughout the recruiting process to encourage prospective candidates that your business stays ahead of trend.

Finally, using an automated software solution for your onboarding process instantly grants access to relevant information to all new hires. You can have permissions allocated for them before they start, so the system is ready and waiting for them on their start date. Not only will they be able to quickly sign up for the right benefits, tax information, and other key programs, they will also begin their time with your company having knowledge on how to use your system. This onboarding training is something that they can use throughout the tenure at your organization to modify and change data as needed.

Want to hear more about automating your onboarding process? The team at The Payroll Company can help. Contact us today for your no risk consultation.

This post was originally published at http://www.payrollcompany.biz/hcm-software-automates-onboarding/

Install HCM Software In Your Office

HR Department Of One? HCM Software Can Help!

Managing an entire Human Resources department on your own can feel like a tall order. However, the task is not insurmountable. Many successful HR solo artists put together a plan to effectively manage their department and eliminate potential workflow gaps that hinder operations.
Ready to put together an efficient strategy to manage your HR department alone? Consider these important tips:

Tip 1 - Implement Human Capital Management Software

Just because you're a team of one doesn't mean you shouldn't tap into relevant HR tools for assistance. Human Capital Management Software is a perfect place to start. A well-appointed HCM system will deliver a slew of functions and a wide range of ways to automate procedures that you currently have to manage manually. Your Human Capital Management Software solution will provide easy access to personnel records, evaluations, employee benefits, and even payroll data. You will be able to update and change as needed throughout your organization, with just a few clicks of a mouse.

Tip 2 - Stay Informed
Another major benefit offered by an HCM system? Up-to-date information. Human resources information is constantly changing, both on a local and Federal level. Never again will you have to worry about manually going through each individual file; your HCM application will instantly update and make necessary changes throughout your system, freeing up your time for other critical processes.

Tip 3 - Share Access As Needed
Best of all, a relevant HCM application means that you don't have to do all the HR heavy lifting on your own. Your automated system will allow access to relevant information to employees throughout every level of the organization. No longer will you have a line outside of your door waiting for requests and responses. You will have officially empowered colleagues to manage their own needs within the system, and you can respond as needed.

Consistent communication is probably the best tool when managing an HR department on your own. Staying in constant communication with workers and managers will help you understand their specific needs and requirements, as well as establish your credibility as a viable resource for them. Allowing them a chance to get to know you, as well as what your specific role is, can deliver an invaluable advantage when coordinating successful initiatives and efforts. Want to learn more about automating your current HR system? Contact The Payroll Company today.

This post was originally published at http://www.payrollcompany.biz/install-hcm-software-office/

Use Staffing Agencies In Madison WI

5 Reasons To Use Staffing Agencies In Madison, WI

Partnering with staffing agencies in Madison, WI can streamline hiring efficiencies for organizations of every size and scope. Still, many business owners in the region attempt to manage their staffing needs internally. This can prove a dire miscalculation. Internal recruiting can quickly exhaust employee resources, leaving your organization vulnerable without appropriate manpower to complete projects and initiatives.

Why You Should Outsource Your Hiring Needs

If you're still struggling with whether to outsource your staffing needs, you're not alone. Knowing the critical benefits offered by staffing agencies in Madison, WI can help you decide if it’s the right choice for you.

A professional recruiting team offers:

1. More Bandwidth For Existing Staff

Using existing employees to recruit for your organization takes them away from critical, core functionality within the business. Employing a dedicated team of professional recruiters means handing your needs over to a trained staffing expert, instantly granting more time to your team members to focus on what they were originally hired to do.

2. Top Quality Candidates

Business owners in every industry notice the quality of candidates improves when working with staffing agencies in Madison, WI. Why? Because these professional firms have access to both active and passive talent resources. Your internal recruiters will likely only view candidates currently seeking employment. However, an external firm will know how to reach top candidates who may not be job hunting…yet.

3. Less Time Interviewing Prospects

A quality firm recognizes that hiring managers don't place focus on overall candidate activity; instead, they want to only see prospects that truly fit the opportunity. Your internal recruiters may bring in as many applicants as possible to prove that they are working hard on filling your requirement. However, a seasoned outside hiring professional will only coordinate interviews with the best possible matches, saving you time and energy throughout the process.

4. True Hiring Partnership

A leading staffing firm goes beyond mere order-taker and transforms into long-term partner. This means getting to know relevant data about your organization, corporate objectives, and future vision. Armed with this critical information, your provider will be prepared to find ideal candidates who not only match your skill requirements, but also have a solid understanding of the position to hit the ground running once they are hired.

5. Guarantee Periods

Most importantly, leading staffing agencies in Madison, WI don't just source the best candidates; they also stand behind their work. When screening various firms to partner with, ask them about their guarantee periods before moving forward with the assignment. Offering a consistent guarantee on candidates is how these firms will build your trust and prove that they only provide thoroughly screened applicants for your positions.

Contact The Payroll Company Today
These are just a few of the many reasons why a professional staffing firm makes sense for business owners in every field and niche. If you are tired of spinning recruiting wheels using internal resources, The Payroll Company can help. Contact our team today to discuss your hiring needs and overall staffing vision.

This post was originally published at http://www.payrollcompany.biz/use-staffing-agencies-madison-wi-2/

Offering A 401K Fund To Employees

401Ks Aren't Just For Big Companies

Many small business owners assume that offering 401K plans is something only big companies can afford. However, offering your employees a retirement savings plan can yield some impressive incentives for you as well. Launching this type of savings plan offers your small business significant benefits that should not be ignored.

Why You Should Consider This Type Of Employee Retirement Savings Plan

Having a 401K plan means that you get to participate. You can enroll in the plan and contribute to your fund throughout the year. Everything that you put into your account is deductible from your employer income. Additionally, you are not taxed on employee contributions until they are dispersed to them directly (not including any ROTH contributions).
You get to set the contribution limits of your plan. Your retirement fund advisor will partner with you to understand what makes most sense for your organization. Higher limits enable both you and your staff to save as much as possible during these critical earning years. Also, staff members age 50 and over can further contribute so they can "catch-up" to younger participants. Once again, your advisor will put together a compliant plan for these employees.
As a small business owner there are other incentives to consider with this type of savings plan. Many entrepreneurs find that they can claim a tax credit for the setup costs associated with various retirement plans. The general rule is the claim equal 50% of setup/administration costs and then up to $500 every year for the first three years the plan is implemented.

Partner With An Experienced Retirement Plan Advisor

The most important thing to consider when implementing a savings plan is that you should not have to settle for a one-size-fits all approach. An experienced retirement fund advisor will create a customized savings plan based on your company needs. Your provider should outline the specifics of the 401K strategy as well as include an after-tax Roth component to give you and your employees a personalized final solution.
For more information about offering retirement savings at your small business, contact The Payroll Company today.

Choose Human Resources Outsourcing

Human Resources Outsourcing: Know The Differences Between A PEO & HRO

Successfully running your organization means finding the most effective way to manage your employees' needs. As your company grows, you may want to consider outsourcing your HR functionality. For many employers, partnering with an outside vendor means choosing between a Human Resources Outsourcing (HRO) provider or a Professional Employer Organizer (PEO). Not sure which one makes most sense for your business? Knowing some key distinctions can help you make the right choice.
PEO Basics - A Professional Employer Organizer essentially hires your employees directly. Acting as a co-employer for tax purposes, a PEO often offers a comprehensive portfolio of capabilities to perform on behalf of your business. Anyone you hire will receive HR benefits, payroll, workers' comp and other services directly from your chosen PEO.
HRO Basics - Unlike A PEO where you have to form a joint employment partnership, a Human Resources Outsourcing firm is an independent entity that manages specifically outlined business services on behalf of its clients. A reputable team will offer scalable services that can be customized to suit each individual organization's needs, without having to pay for offerings that aren't utilized.

The Benefits Of Using An HRO For Your Business Needs

An HRO firm delivers several distinctive advantages over its PEO counterparts. A PEO firm can often feel restrictive and too all-inclusive for business owners looking for customization and flexibility. Additionally, a HRO team assumes a true partnership with business owners. Human Resources Outsourcing companies specialize in keeping their clients' organizations compliant at all times. An effective HRO will offer company advisors and extensive resources to ensure their partners understand how to meet required standards with employees throughout all levels of the organization.
Most importantly, contracting with a PEO means your corporate name and employees fall under their company, potentially hindering your brand recognition, exposure, and loyalty. An HRO remains a separate vendor at all times. As a true partner, an HRO will expand its services offerings to your business as you need it, without hindering brand growth.
For more information on partnering with an HRO team, contact The Payroll Company today.

Prep For Payroll Processing Services

Ready To Use Payroll Processing Services? Know How To Prep For Setup

Partnering with a new payroll processing service yields a long list of benefits for businesses of every size. Automating your payroll reduces manual errors, offers integration with other key systems, and ensures your business stays compliant with local and federal tax regulations. Despite the impressive return on investment, starting the process can (understandably) cause some rookie jitters. Many entrepreneurs find themselves worrying about what information they will need as well as what type of documentation they will have to present during their organization's setup.
Some business owners avoid using payroll processing services altogether simply because they're unsure of the setup process. This results in wasting time with manual, inefficient methods. Don't avoid these critical capabilities for your business. Knowing how to best prep for the setup can minimize stress and get your organization on the road to automation as quickly as possible.
New Businesses
New business owners rejoice – setting up your payroll processing services is easier for you than your longer-tenured counterparts. Why? Startups without any payroll history won't have to provide documentation on previous employee payments. Instead, your provider will be able to get your business up and ready quickly.
Established Businesses
Established business owners can also enjoy a streamlined setup process as long as they come prepared with a few key pointers. If you are changing over to an automated system during a year when you've already paid your staff, you will need to present your vendor with payroll history. This information will enable them to file important documents such as your 941, 940, and all of your W-2s when the year closes.
When putting together your payroll history, you will also want to compile other important information to share with your provider. State laws and requirements may vary, so presenting as much data as possible will help your payroll processing services partner keep your business compliant with the regulations that pertain specifically to your organization.
You will want to give your vendor all EIN Numbers affiliated with your organization. Additionally, you will also want to include all earnings, deductions, and taxes for employees paid in the year. Providing copies of quarterly reports, all tax IDs, banking information, and employee demographic data will also give your vendor everything needed throughout the setup process.

Find The Right Partner For Your Payroll Processing Requirements

Partnering with the right payroll processing services company can make the biggest impact on the overall setup process. An experienced provider will customize the final solution based on your company needs, ensuring you have a scalable system that doesn't flood your business with unnecessary features. Once you've established your specific requirements, your vendor should walk you through the payment procedure to eliminate data gaps and keep your payroll system running as effectively as possible, for both you and your employees.
Want to hear more about automating how you pay your employees? We'd love to hear from you. Contact The Payroll Company today for a no-risk consultation.

HCMs Automate Benefits Enrollment

How HCM Can Automate Benefits Enrollment

Businesses of every size have tapped into the advantages offered by an HCM (Human Capital Management) software system. A well-designed HMC seamlessly combines payroll, human resources, tracked time, and employee attendance, making it a one-stop resource for employees and managers alike. This invaluable option allows access to real-time data across every level of the organization, ensuring that needed updates don't bring your operations to a grinding halt.

HCM Streamlines Employee Benefits Process

Strategic entrepreneurs have also realized that Human Capital Management can make a major difference with their employee benefits. When integrated in any-sized company, this comprehensive system automates the process in several key capacities, such as:
Streamlines Data Collection - Manual benefits procedures often rely heavily on paper trails. HR reps create forms and distribute them to employees, who in turn, fill them out and pass them in for filing. An automated process eliminates the dreaded paper trail by offering online data collection.
Eliminating Multiple System Tracking - Collecting data is only the first step in the benefits management process. Tracking employees' benefits information can feel like a full-time job. Manual procedures require HR professionals to update data throughout several systems with each new employee, or even for changes in the files of current employees. However, a fully integrated Human Capital Management system eliminates multi-system tracking. Instead, data is entered once into the main system and will instantly update everywhere else it may be needed.
Employee Access - Another key feature in an automated benefits system is granting employees direct access to their online files. Your staff members will no longer have to consult with the HR staff to change benefit options during open enrollment or a life event. Instead, your employees are empowered to log into the system to quickly make changes directly, minimizing error and optimizing process efficiency.
Real Time Updates - Most importantly, using an HCM in your organization means that all entered information is available for real time viewing. No longer will your employees and managers have to wait until each individual system throughout the company is updated before pushing changes forward through the process. Instead, the one-time update is available for instant viewing. Employee reviews, updates to payroll deductions, changes in health care choices – all of these details will go into effect immediately. Appropriate staff members will receive instant notifications to keep operations running as smoothly and efficiently as possible.
Scalable Features For Optimal Results - Best of all, an innovative HCM system offers scalable solutions built to grow along with your organization. Manual entry means wasting precious time updating individual procedures. However, an automated solution evolves with your business needs. Your employees and managers will experience no gaps, only an enhanced user experience throughout the benefits process.
Contact The Payroll Company Today
Have questions about whether a Human Capital Management system makes sense for your business? We have answers. Contact The Payroll Company today to discuss your corporate needs. We can create a customized, scalable solution that integrates throughout your organization.