Can you believe we are already halfway through the year? In our Mid-Year Payroll & HR Checkup webinar Rob Bright, Greenshades’ VP of Sales, covers 3 major topics:
- Events Impacting the “World of Work”
- Operational Changes & Challenges
- Safeguarding Your Business
Watch the On-Demand Webinar:
Read the Webinar Recap:
- Events Impacting the “World of Work”
No matter the industry, size of company, or the number of employees – national and international events will always impact organizations. Already in 2022, there have been plenty of external events that have left the “world of work” with many challenges, including:
- Inflation (8.3% in April of 2022, alone – that’s a 40-year high!)
- Real estate availability and accessibility
- Labor crunch (with 11.5 million unfilled job openings in March and 4.5 million voluntary quits)
- Supply chain issues
With these ongoing issues, we have many things in the second half of 2022 to prepare for:
- Midterm elections
- Federal policies
- Social programs (like student loan forgiveness, the overturning of Roe v. Wade, and possible ACA adjustments)
- Regional policies (CA contemplates a 4-day work week)
What does the culmination of all these events and changes tell us about the workforce and the “world of work”?
It means we are about to enter another year of change. Mental health-driven exits from companies means employee stress is up. With everything that’s going on right now, this reminds us that there is a need for a work/life balance, and money is no longer enough to get people to stay. This need for a work/life balance also has spurred mobility within the workforce and has driven more “outside the box” approaches to work; 500,000+ LLCs were registered during the pandemic. Not only are people becoming self-employed, but they are moving to locations with a lower cost of living and a better quality of life.
- Operational Changes & Challenges
With new operating models, comes new concerns.
- New tax and overtime complications
- Life events and other HR changes
- New retention programs introduced
- Year-end closing complexities
- Diverse worker types
Greenshades delivers solutions and services to help remedy some of the complexities (and more) including:
HR: Helping organizations transition from the traditional password and username log in to two-factor authentication (2FA) to increase security
Payroll:
- Limited payroll admins
- GL suspense accounts
- Fully fledged adjustments in product
- Unlimited custom fields
Tax: As always, Greenshades continues to monitor changes to regional, state, and federal tax policies.
- Safeguarding Your Business
How can Greenshades help safeguard your business by mitigating risks? Our Payroll & HR Platform offers:
- A dedicated Payroll & HR Platform: proactively monitoring, managing, and addressing change
- Tailored approach designed for your unique needs: configurable to your environment and industry needs
- Add-on services to enhance the employee experience: financial support, learning opportunities, and more
- Dedicated support to ensure you never “go it alone”: personalized and prioritized customer care
Many companies are moving away from traditional payroll methods like outsourcing and instead moving to the cloud and running their payroll in-house. There are many benefits to a cloud-based approach, like:
- Automatic updates based on market changes
- Enhanced compliance capabilities
- Robust employee self-service capabilities
- Maintaining visibility, control, and flexibility of payroll funds
Moving to the cloud and the benefits of a cloud-based approach, read our e-book.
Watch the full on-demand webinar, Mid-Year Payroll & HR Checkup.
As this webinar was a mid-year check-in, we know there’s a lot of information to take in and things to consider, please do not hesitate to reach out with any questions.
You can contact us at sales@greenshades.com or visit go.greenshades.com and click on the resources tab where we keep you in the know.
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