Holiday-shopping season is just around the corner—will you be adequately staffed to handle the rush? As shoppers hit the stores earlier and earlier each year, retailers have to fight to keep up. If you’re looking at the calendar and think it’s already too late, the right technology may be able to help you prepare.
Preparing for payroll is often overwhelming and stressful. The payroll process’ success effects the entire organization—from hourly workers to upper management. Because of this, there is pressure to have a process that produces accurate results.
Are you getting the complete picture of your in-house payroll costs these days?
Accurately tracking the hours an employee works is an age-old problem. It was more than a century ago, in 1888, that the first time clock was invented to address the issue. In fact, the technology company IBM owes its start to the time clock. Back then, time was recorded by manually punching or stamping the card that corresponded to a specific employee. Some time clocks still use this method, but the industry is evolving to overcome the unique challenges that come with timekeeping in the digital age.
Payroll is a daunting process—no matter how many workers you employ. One small mistake in payroll processing can lead to regulatory fines, panicked employees and unnecessary risk. And if you’re trying to scale your business, payroll becomes an even greater challenge. Explore the interactive infographic below to find out how outsourcing your payroll process through TimeForge can relieve the most common payroll headaches.
One of the most time-consuming processes in retail management is building the employee schedule. In retail, schedules are typically created on a weekly or bi-weekly basis and can change drastically due to high turnover in the industry. The biggest challenge in retail scheduling is keeping track of your staff’s changing availability. Whether an employee is a working parent, in school or has another job, their schedules don’t always align with that of your business. So why not let employees schedule themselves?
Onboarding can be daunting for any organization. Keeping track of the dozens of documents that must be sent back and forth from the new-hire to human resources is a recipe for disaster. It’s often that key steps in the onboarding process are overlooked or incorrectly performed, prolonging the process unnecessarily. Digitization of onboarding and applicant tracking not only speeds the process up, but also provides a higher level of organization for all departments and new-hires involved.
Last week I addressed some of the unique hiring challenges facing today’s retailers, but I failed to mention one vital factor: unemployment. More specifically, how the low unemployment rate impacts retailers’ ability to attract and hire the right talent.
Retail workforce management is one of toughest challenges facing retailers today, particularly the actual recruiting and hiring. One reason the task of hiring is so daunting is the sheer volume. According to a report by the National Retail Federation, retail is the largest private sector employer in the United States with a total employment of over 15 million people.
There is nothing simple about managing your team. You likely have human capital management processes and data scattered across disjointed systems and databases, which is one reason managing your team can be so time consuming. Each aspect of retail workforce management is complex enough to eat up most of your time and resources, which is exactly why you should be looking for ways to streamline processes and create efficiencies.