Compensation management can be a headache, especially if you're still using spreadsheets and manual approval processes. Not only do you waste valuable time and resources on this approach, you leave yourself wide open to costly errors like noncompliance. Our HCM solution features a Compensation Management module designed to automate and streamline your company’s entire compensation process. Below are four ways our system can ease your compensation burden.
Payroll taxes can be, for lack of a better word, taxing. Reporting those wages, earnings, taxes, and deductions on employees’ year-end W-2s can be even more of a challenge.
With our HCM solution, you can process year-end with ease, since payroll is automatically and constantly updated. The system allows your employees to consent for electronic delivery from their desktop. It also allows you to edit, approve, and submit W-2 forms with just a few clicks of your mouse. The same goes for closing out your payroll year. If there are any errors, the system lets you quickly rebalance.
People analytics can seem confusing, but there is a way to understand and utilize your workforce analytics to the maximum degree. Our People Analytics platform helps you gather insights and data necessary to make better informed decisions. From your everyday tactical data to strategic AI predictions, our People Analytics will provide you with the right tools for your company’s specific needs.
In spite of the near constant disruptions we are all experiencing, performance management is still critical to effectively leading your workforce. Business must continue and with it, certain expectations of employees may shift. Regardless of these changes, you still expect employees to produce quality work and maintain your company’s conduct standards. With our Performance Management program, you can nurture employee development, build/maintain engagement, and drive your business’ success.
Year end is here, and it is shaping up to be a doozy. With COVID-related compliance requirements and inconsistent labor laws, HR teams have been forced to deal with a variety workforce issues and new legal obligations, and year end brings even more complications. Below, we have compiled a few reminders to help keep you organized as you address important HR tasks as the year comes to a close.