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Bookkeeping services involve recording, organizing, and managing a business’s financial transactions. These services ensure accurate financial records, which help businesses track income, expenses, and overall financial health.   Common Bookkeeping Services: Recording Transactions – Logging all financial activities, including sales, purchases, receipts, and payments. Bank Reconciliation – Matching business records with bank statements to ensure...

An organization needs to know what its attrition rate is and understand what the norm is for their industry because there’s different attrition rates for different industries. For example, industries that employ first time workers are going to have like fast food chains. Their attrition rate is over 100%. I teach HR, and when I...

Oh my goodness, using data and analytics to drive HR decisions,that’s, I guess I’m an analytical person, but, that’s how you make your decisions. You determine what your costs are, what your labor costs are, what your cost of benefits are, and you analyze that to determine what benefits can we offer within our budget....

The benefits of outsourcing HR functions are, with any outsourced function, is that you don’t have to employ somebody who’s not going to be as productive. The cost of having somebody on payroll, benefits, PTO, all of those things cost more money than if you outsource and you do pay as you go. There are...

How do we address the skills gap in our workforce is a really good question. A lot of employers now are working with local schools. They’re actually working internationally to get the schools to start teaching the skills that are missing. At one point, we had issues with nursing. We couldn’t find enough nurses. We...

Conducting random background checks requires careful consideration of legal and ethical guidelines to avoid violating employee rights and exposing your business to legal risks. Here’s what you need to know:   Legal and Ethical Considerations   Employee Consent: In most jurisdictions, you must have the employee’s consent to conduct a background check, even for random...

By ADP® HR Tip of the Week   Many new and/or expanded employment laws and regulations have been adopted over the last year, affecting the way employers hire, pay, treat and provide benefits to their employees. One of the trends among these changes is states and local jurisdictions requiring greater pay transparency. Here is a...

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