Payroll year end checklist: Here's what your business needs to do
Payroll year end is approaching but don't panic, there’s still time to get your requirements sorted. Here's what you need to do.
The success of a business largely hangs on its ability to find and retain an outstanding workforce - and attracting and onboarding skilled employees can be expensive.
Despite its importance for efficiency and sustained profitability, businesses can struggle with this task. The ongoing battle to hire talent and keep them engaged is a top priority among business and HR leaders.
Effective people management tools play a vital role in preventing the loss of valuable employees. Encouraging your employees’ professional development should be a priority for every savvy business leader.
Successful performance management relies on effective communication. Clear goal setting, defined responsibilities and post-project analysis help employees to succeed. Putting a formal appraisal process in place supports your workforce in achieving their potential.
During review meetings, managers should focus on exploring what the employee has learnt, and their contributions to the projects and teams they work with. It’s essential to provide and offer feedback regularly. Consider asking for feedback from line managers, colleagues and direct reports. Known as a 360-degree appraisal system, this helps create a rounded view of employee performance.
Performance management software makes structuring this task easier for managers and allows employees year-round access to their results.
Surprisingly, research repeatedly shows that money is not the main driver of an individual’s performance. Instead, employees consider empowerment, professional development, training opportunities, and self-direction as equally or more important incentives. Actively and continuously demonstrating your commitment to your workforce in ways that are meaningful to them is clearly vital to better employee motivation and engagement.
Supporting professional transformation needs to be a priority set at the top of your organisation. To help employees achieve their best, you’ll need to incorporate effective performance management, regular feedback and appraisal tools into your company’s culture.
Developing this culture creates a clear connection between performance, goals, development opportunities and peer recognition.
We understand the difficulties businesses face when implementing a performance management process. That’s why we’ve designed the world's most innovative and scalable HR and performance management system to make your job a little easier.
We’re proud to introduce Sage Business Cloud People – a talent management system that will help you both attract skilled employees and engage and develop your staff. It uses cloud technology so you can collaborate with employees regardless of location.
Our talent management tools give you an instant view of your staff’s performance. Reports and dashboards provide actionable insights, allowing you to make smarter business decisions. And, for underperforming employees creating a performance improvement plan is straightforward.
Storing your people information in one central system makes it easy to find, develop and deploy.
Sage software uses advanced encryption and multi-factor authentication for ultimate safety, whether your users are office-based or remote. And, we constantly scan and install patches for the latest security threats. We believe this is just one of the many reasons our award-winning performance management software enjoys a 97% customer renewal rate.
Sage Business Cloud People is a leading global HR system that transforms how companies attract, manage and retain their workforce. Designed specifically for medium and multinational organisations (up to 5,000 employees), our employee performance management software is quick to implement, easy to use and configured to suit your business needs.
Create a single global policy for your organisation and rely on Sage’s continuous international and domestic legislative and regulatory monitoring to ensure you remain compliant with local in-country regulations at the same time.
Payroll year end is approaching but don't panic, there’s still time to get your requirements sorted. Here's what you need to do.
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