Your HR department will handle your entire staffing plan — meaning they’ll identify the gaps in your current employee structure and fill them by acquiring new talent. They’re also in charge of firing any existing talent that isn’t meeting company standards. Your company’s HR team will ensure you have the right people to help you grow your business.
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Handle compensation
HR manages all payroll and compensation work, including employee salaries, payment schedules, W2s, and all other tax-related paperwork. If an employee is offered a promotion — or awarded a bonus — HR will handle all changes in their regular payment schedules.
Compensation and benefits
Compensation and benefits work involves making sure your company takes care of your employees by offering competitive salaries and a satisfactory benefits package. Your job as an HR professional may include ensuring employees receive the correct salary and access the benefits they want. You may process payroll or work with an accounting department or third-party…
HR Outsourcing
Since the mid-20th century, some companies have outsourced some of the more traditional administrative, transactional HR functions in an effort to free the department to recommend and implement more meaningful, value-adding programs that impact the business in positive ways.5 Functions that may be outsourced in this process include: The use of modern tools, such as recruitment software,…