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7 Risk Management Best Practices: A Guide for Global HR

Globalization Partners

Like most areas of business, global human resources (HR) teams face common risks that they must learn to navigate at each stage of the employee lifecycle – from recruitment to offboarding. We’ll start by setting out what we mean by risk management before collating a list of seven best practices. What is risk management?

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Outsourcing the Payroll Function: Significant Impacts on Organization

Paysquare

Payroll is complicated and requires extreme concentration and accuracy. The employees put all their focus on payroll while deviating their efficiency from more important things that may increase the productivity of your business. By outsourcing the payroll function, your business can benefit in several ways.

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Payroll Strategy: In-house vs Outsourced

Immedus

When it comes to payroll processing, organizations have three options: do it themselves, outsource to a third party, or some combination of the two. In most cases, in-house payroll services take the form of a team of employees using an off-the-shelf payroll software system.

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What is an Employer Of Record

Groove Technology

An EOR is also the worker’s registered employer even though it does not have management responsibilities for them. The original employer is responsible for making decisions on salaries, job responsibilities, projects, and terminations. Reduced Risks Of International Regulatory. 5 Use Cases for an Employer of Record?.

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Six advantages of outsourcing human resources in Mexico

Intugo

These situations can require HR best practice resources and guidance to assist in employee relations, responding to and handling such complaints, and managing these types of cases. Payroll Processing Services Businesses can only function with a comprehensive payroll processing system that serves their employees.

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Bookkeeping vs. Accounting: What’s the Difference?

inDinero

The above is a general overview of what bookkeepers do, but here’s a list of other common duties performed by bookkeepers: Maintaining the general ledger Transaction tracking Reconciling Accounts Payroll Managing Accounts Receivable and Payable Financial Record Keeping Budgeting What Does an Accountant Do?

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What Is a PEO and How Can It Help Your Business Grow?

Velocity Global

A PEO is a B2B service company that allows its clients to outsource a range of employee management tasks, including: Employee benefits. Payroll and workers’ comp. Risk management. The PEO takes all the employees of their clients and pools them to help drive down rates on things like insurance, payroll, training, and risk.

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