How HR Handle More Than Just Payroll - PowerPoint PPT Presentation

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How HR Handle More Than Just Payroll

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Human resources departments within most companies are responsible for much more than simply processing payroll or handling the open enrolment season every year. Whether a business is large or small, human resources can play a large and often essential role in developing company strategy and handling all aspects of the employee-centred activities of an organisation. – PowerPoint PPT presentation

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Title: How HR Handle More Than Just Payroll


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How HR Handle More Than Just Payroll
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  • Human resources departments within most companies
    are responsible for much more than simply
    processing payroll or handling the open enrolment
    season every year. Whether a business is large or
    small, human resources can play a large and often
    essential role in developing company strategy and
    handling all aspects of the employee-centred
    activities of an organisation.
  • Here are some of the ways in which HR handle more
    than just payroll
  • Controlling the budget
  • Human resources have developed methods for
    curbing more spending than is necessary, by
    ensuring that the management costs for the
    workforce are trimmed.

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  • They do this by negotiating good rates for
    benefits such as healthcare coverage, and when
    studying the labor market, employment trends and
    salaries both locally and nationally they
    make certain that the employees are paid
    competitively but realistically, for the roles
    they are expected to perform.
  • Understanding the value of human capital
  • Human capital has always been vital to any
    businesses bottom line, and especially for small
    businesses, human capital can be critical because
    they often have employees performing more than
    one, or cross functional, duties. All it takes is
    one employee to leave a small business, and the
    company are left with a large void to fill that
    can easily be a threat to their bottom line.

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  • Having an in-house human resources department can
    help stress the importance of this and give value
    to each employee.
  • Training and development
  • The current workforce of a company often under-go
    assessments conducted by human resources, to
    determine their skills sets and what further
    training they might need to better fulfil their
    role. In the early stages of a companys growth,
    this can be extremely beneficial, and the cost of
    training existing staff, far outweighs the cost
    of hiring a new team who may already be more
    qualified.

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  • Conflict resolution
  • With so many different people working under one
    roof, conflicts in the workplace are not
    uncommon, but without a human resources
    department or individual trained to handle
    employee relations, situations can quickly
    escalate out of control. Positive working
    relationships are often the focus of a good HR
    department, and they can resolve disputes that
    may otherwise have turned into lawsuits or
    arguments at the very least.
  • Employee satisfaction
  • With employee surveys that have been meticulously
    designed, focus groups and exit interview
    strategies,

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  • HR can get to the root of any employee
    dissatisfaction and go on to address any issues
    leading from this. Hopefully, once addressed and
    tackled, employee motivation can then be
    restored.
  • Saving money
  • With HR to focus on a quality recruitment process
    and training and employee satisfaction, they can
    minimize the expenses related to advertising job
    postings, training new employees and enrolling
    them in benefits plans.

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  • Improving a companys performance
  • Performance management systems are usually
    designed by human resources, enabling them to
    measure whether employees are meeting the demands
    of the job, and assess whether those employees
    whose performances are below par, can remain on
    the payroll.
  • These are just a few of the ways in which HR
    handle a lot more than just payroll, and for some
    businesses, it proves easier and more profitable
    to outsource this function. To explore your human
    resource options, get in touch with your local
    payroll provider.

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  • Apollo Payroll is one of the premier small
    business payroll companies in Miami Beach and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    payroll service in Miami and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Coral Gables Miami.
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