Search Results for: iris
What is a Divestiture and What Are Your “People Priorities”?
It wasn’t until recently that people priorities became a fully realised area of interest in M&A (mergers and acquisitions) transactions. This new focus on human capital seeks to understand the variety of people risks during M&A and, consequently, diversify the value that can be compromised during a transitional moment for a business. One such example […]
What is Global Compensation?
When sending employees abroad on international assignments, or even when hiring employees overseas, it’s important to have a good understanding of processing global compensation. In addition to salary, consideration should be given to other benefits – specifically which make the most sense to offer, whether it be additional leave allowances or local national holidays. Read […]
How Do I Set Up Direct Deposit For My Employees?
Direct deposit payments are the primary method most employers use to pay their employees. It’s a convenient, secure, and efficient way to ensure employees get paid in a timely and accurate manner. Employees don’t have to worry about losing their checks and it reduces payroll hassles for employers. Follow the best practices outlined below to […]
2022 2nd Quarter Reminders
IRS Published Revenue Procedure 2012-32 As your Reporting Agent for payroll tax filings, the IRS Published Revenue Procedure 2012-32 requires us to send you the following information on a quarterly basis. “Please be aware that you are responsible for the timely filing of the employment tax returns and the timely payment of employment taxes for […]
8 Tips for Hiring in Today’s Tight Labor Market
In today’s tight labor market, small businesses are struggling to attract and retain top-quality staff. To be competitive with other employers, you’ll need to be proactive in identifying candidates with the right fit at a reasonable cost, and you may need to think outside the box to recruit the candidates you’re looking for. Here are eight […]
The Ultimate Guide to Building a Talent Acquisition Strategy
Even before The Great Resignation entered into our collective vocabulary, the recruitment, hiring, and retention of employees was a pivotal part of growing any successful business. With an unprecedented job market, however, quality talent acquisition is more important than ever. As the job market floods with millions of applicants, businesses must be able to identify […]
Lease Accounting Terms & Conditions
IRIS Lease Accounting Agreement for SME and Multi-company/CPA companies BETWEEN:Innervision Management Limited or Iris Group Company stated in an Order or invoice (“Innervision/Supplier/We/Us/Our”); and the person/entity/firm/company either: (i) specified as the Customer in an Order; or (ii) using the Software or Services (“Customer/You/Your”). “Account” means an account enabling the Customer to access and use ILA;“Agreement” […]
What is the role of HR in Mergers and Acquisitions?
Mergers and Acquisitions (M&A) are defined as the combination of companies, and while they can be a great way to grow and expand, they’re not always smooth transitions. Often, an area that is frequently overlooked but can cause a huge amount of friction is the people within the business. Factors such as culture and leadership […]
Why Employee Incentive Plans Fail (& How to Make them Work)
Deploying and implementing effective employee benefits, compensation schemes, or incentives is no easy feat. Challenges are varied, but often range from exciting initial employee interest for incentive plans, to the actual outcomes in terms employee engagement and retention. These plans may even aspire to see improvements in performance, efficiency, and productivity by the end of […]
The Benefits & Challenges of Globalization
With technological progress and doing business overseas becoming easier, the world is more connected than ever. This is a helpful way of describing globalization, where every year increasingly more businesses are delivered to the world, navigating new markets and cultures in the process. Even though globalization is largely recognized for its advantages, many businesses may […]
A Guide to Employee Termination and Severance Pay in Illinois
As any business owner knows, terminating a team member can be complicated. Whether it’s because of budget restraints, low performance, behavioral issues, or some other reason, firing an employee is more complex than just giving a pink slip. With local, state, and federal guidelines to adhere to, employers must ensure they are up-to-date on all regulations […]
Everything You Need To Know About Illinois Payroll and Employment Laws
Both state labor and employment laws are there to protect workers from unfair treatment or unsafe working conditions. The federal government provides a base level of employee protection, but states have their own laws that either strengthen these protections or address other, state-specific needs. As an employer, it is your responsibility to ensure you comply […]