Employer Pay in Payroll Taxes

PAYROLL

Article | December 23, 2021

Contents 1 Create Psychological Safety 2 Drive Recognition 3 Make Communications Clear Companies cannotafford to take the role of a flourishing workplace lightly. A setting conducive to productivity and creativity can propel overall performance and deliver tangible results that directly impact the bottom line. A discussion about a healthy workplace would be incomplete without addressing the dangers of a toxic one. According to a study by Wiley Edge, 40% of employees leave their jobs due to a toxic work culture. A collaborative study by Workhuman and Gallup on wellbeing in the workplace found that poor wellbeing manifests itself in the workplace in the form of employee burnout, high turnover, and low productivity. This costs organizations more than $322 billion worldwide. One way organizations can build a better workplace environment is with performance management. Here are some areas to focus on in employee performance management. 1. Create Psychological Safety When employees feel mentally and psychologically safe in their workplace, they get an impetus to contribute more, share their ideas, voice their opinions, and participate in more meaningful ways. Organizations must reinforce employee wellbeing by creating a safe environment that makes employees feel seen and heard and fosters a sense of acceptance in the workplace. 2. Drive Recognition Recognizing employees for their workand contribution significantly contributes to emotional wellbeing in the workplace. It signifies that the organization values the employee and it gives them the incentive to not only work better but stay longer. Organizations must make employee recognition and gratitude integral to the DNA of the work culture. It enhances engagement and makes for an enriching employee experience in the workplace. 3. Make Communications Clear Keeping clear lines of communication between employees and their leaders promotes a culture of transparency. A lack of clarity can create undue uncertainty and conflict. When employees get honest feedback and their role is clearly communicated to them, it enables successful completion of projects and a feeling of accomplishment for the employees. At the end of the day, employees should feel incentivized to show up and do their best at work every day. Promoting employee wellbeing is not a one-time activity but something that needs to be consistently done and mapped. This ensures your employees will succeed, which will translate into success for your organization.

PAYROLL

Article | June 9, 2022

As the science behind employee engagement evolves, it’s become clear just how much businesses can gain from a happy and involved workforce. From improved performance, to reduced attrition, increased revenue and even a better customer experience, employee engagement is at the heart of business growth. Given these benefits, it’s no surprise that the role of HR departments is moving beyond just managing people and towards managing experiences.

RECRUITMENT & RETENTION

Article | July 14, 2022

Employees are companies most valuable asset – Without the talent, knowledge and expertise those employed bring to an organisation, it’s safe to say that the business world would be a very different landscape. Human Resources is often held responsible for owning the employee value strategy, where we’re now embracing tremendous improvements in how the value that employees bring, can be achieved. Here we’ll explore how data analysis, learning & development, employee engagement, 360 feedback and flexibility all offer a significant opportunity to improve employee output within every organisation in 2020.

Article | February 10, 2020

You never get a second chance to make a first impression. This holds particularly true when it comes to employee onboarding. It's a new hire's introduction to the organization and the experience has a significant impact on employee retention. Unfortunately, that's why it's rare to see many employees with years of tenure. Research by Future Workplace found that 91% of Millennials expect to stay in a job for less than 3 years. Companies lose 25% of all new employees within the first year, according to SHRM, but almost 70% of employees are more likely to stay with a company for 3 years if they experienced great onboarding.