When one of my clients acquired another company in the middle of a fiscal year, it presented me a new challenge in not only helping them manage a new 401(K) cumulation and reporting process but also maintaining their current method. I want to share what I learned and the solution I implemented for the situation.
Onboarding applications for business have had a big impact on organizations that use them well. Companies that have comprehensive onboarding programs perform better, have more productive workforces, and enjoy lower turnover than their competitors.
Human capital management pros have been trying to “fix” performance and goal management for decades, with little success. The drumbeat for doing away with annual reviews reached a fever pitch when, by the end of 2015, 6% or more of Fortune 500 companies abolished their yearly evaluations.
Automatic calculation of retro pay is a welcome cost and time saver—until it isn’t. I have seen the effects when an unsuspecting user updates a non-payroll infotype only to be surprised when payroll recalculates for multiple periods or even years.
With the SAP SuccessFactors Q1 2017 Release around the corner, companies can expect to enhance customer experience, bridge functionality gaps and broaden their base with new, exciting features.
Compensation pros face many challenges, some of which can make or break an organization. Among them are alignment to business goals, managing risks, and employee communications.
US Citizenship and Immigration Services (USCIS) has released a new version of the Employment Eligibility Verification Form (I-9). Employers we authorized to use the existing form until January 21, 2017. Effective January 22, 2017, employers must use the new version of Form I-9.
Communication about pay and rewards can be the most positive aspect of reward programs or their greatest weakness. How well your organization communicates compensation has more impact on employee perceptions of pay than the compensation itself.
New hire turnover is expensive. The costs of recruiting, administrative processing, and training seem insignificant when a new employee gets up to speed quickly and provides years of service. However, when new hires leave before producing anything of value, you never recover the loss.