Bookkeeping is the process of recording, organizing, and managing financial transactions of a business. It’s crucial for tracking the financial health of a company, making informed business decisions, and fulfilling legal requirements. Here are some basics of bookkeeping: Double-Entry System: Bookkeeping typically follows the double-entry system, where every transaction is recorded twice, once as...
By Roy Maurer Skills are the common thread connecting the high-level trends that will drive talent acquisition in 2024. Employers will invest more in generative AI (GenAI) technology across HR—with recruiting at the leading edge—creating the need for critical new skills. The skills-based hiring movement will continue to gain recognition. And against the backdrop...
Think of background checks as the Sherlock Holmes of hiring. They dig into a candidate’s past, not to uncover deep, dark secrets, but to ensure that what you see is what you get. Here’s the extended edition: Conducting background checks on potential employees serves as a crucial step in the hiring process for several reasons....
By Roy Maurer Employers require a certain level of HR staffing to operate effectively, but what is that number? The ADP Research Institute analyzed payroll and econometrics data on more than 25 million employees and turned up some interesting findings about HR staffing levels, including: The “sweet spot” for most employers is...
Bringing in a third party for background checks is like outsourcing your detective work—it has its perks. These specialized firms are like the Sherlock Holmes of the hiring world. Here’s why it might be a good idea: Expertise: Background check companies are pros at this. They know where to look, what to look for, and...
By Allen Smith, J. D. When older workers make vague assertions that they’d like to retire, immediately asking them to specify when may not be the best approach. Ignoring their assertions isn’t either. Following up later with low-key questions might be preferable. “This is a very sensitive area,” said Robin Shea, an attorney...
Picture this: A small tech startup with big dreams, fueled by passion and innovation. They found the perfect candidate to lead their development team—an impressive resume, a charismatic interviewee, and a vision that aligned perfectly with the company’s goals. Excitement filled the air as they welcomed their new leader with open arms, bypassing the...
By Allen Smith, J. D. During the present surge in COVID-19 cases due to the variant called JN.1, employers must decide whether to let sick employees work from home, even as more employers are asking staff to return to work in the office. Whether to give employees with COVID-19 such flexibility can be a close...
While it’s not a legal requirement in all cases, skipping background checks can expose your company to certain risks. Imagine it as choosing not to wear a seatbelt—it might be okay for a while, but when an accident happens, you’ll wish you had taken that precaution. Not conducting background checks can leave you vulnerable to...
The Internal Revenue Service announced that beginning Jan. 1, 2024, the standard mileage rate for the business use of an automobile will be 67 cents a mile, an increase of 1.5 cents per mile from the current 65.5 cent rate.
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
