4 HR Mistakes You Don’t Want to Make - PowerPoint PPT Presentation

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4 HR Mistakes You Don’t Want to Make

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HR is a vital element of any successful business, but if it’s not run well, it can cause innumerable problems. One way of preventing the following mistakes is to hire an outsourced Human Resources provider who can take care of your payroll, too. Here are just 4 of the many costly HR mistakes you definitely don’t want to make: – PowerPoint PPT presentation

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Title: 4 HR Mistakes You Don’t Want to Make


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4 HR Mistakes You Dont Want to Make
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  • HR is a vital element of any successful business,
    but if its not run well, it can cause
    innumerable problems. One way of preventing the
    following mistakes is to hire an outsourced Human
    Resources provider who can take care of your
    payroll, too.
  • Here are just 4 of the many costly HR mistakes
    you definitely dont want to make
  • 1.Making bad hiring decisions
  • Making the right hiring decisions first time
    around is essential, as not only is the
    recruitment process costly, but if you have to
    repeat it frequently such as when a new hire
    leaves within a year of their employment the
    cost can really add up.

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  • Research has shown that in the U.S., average
    hiring costs come in at around 4,425, with that
    figure shooting up to 14,936 for executive
    employees. Add that to the fact that around a
    quarter of employees leave their position within
    the first year, and youve got a pretty hefty
    bill!
  • Surveys have also shown that almost 40 of
    employers report a reduction in productivity due
    to bad hiring decisions. Fortunately, when
    equipped with the right tools, experience and
    skills such as those that an outsourced HR
    provider has - hiring new talent can be made more
    efficient and successful, saving costs and
    keeping production levels high.

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  • 2.Not keeping up with changes to compliance
    standards
  • Did you know that more than 450 different
    government agencies currently exercise regulatory
    power over American businesses? The cost of
    meeting federal regulations is estimated to be as
    much as much as 2 trillion every year, and with
    new regulations implemented in the wake of the
    COVID-19 global epidemic, business owners and
    managers have had to really stay on their toes to
    keep up with compliance.

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  • Staying ahead of ever changing compliance
    standards is vital for any successful business,
    no matter its size, and many find that they can
    only achieve this with the help of an outsourced
    HR service. With their up-to-date knowledge of
    workforce changes and access to tools that reduce
    your companys exposure to audits and penalties
    surrounding employment law, they can help you
    avoid costly compliance issues and keep employees
    both satisfied and protected.
  • 3.Failing to give employees insight into their
    pay checks
  • Nowadays, employees want to see and understand
    everything thats on their pay checks, and with
    good reason, too. However, its not always easy
    for employers to ensure that this happens without
    the help of a professional HR service, and
    employee confidence can falter as a result.

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  • Working with an outsourced HR provider will
    ensure that the risk of compliance issues are
    eliminated, and that each and every employee has
    complete visibility and transparency when it
    comes to their pay checks.
  • 4.Not providing enough training and development
  • It can be tough for US companies to attract and
    retain the very best talent, but by offering
    training and development opportunities to all new
    employees, you can help your business stand out
    from competitors, and find and keep the best
    talent for your company.

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  • To avoid making any of the above HR mistakes - or
    to correct them if youve already made them - try
    working with an outsourced HR provider. Easy,
    affordable and convenient, outsourcing your HR
    requirements can save you a whole lot of time and
    money, and is the smart choice for savvy business
    owners today.
  • 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
    services in Homestead and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Miami Coral Gables
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