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How can companies address the skills gap and ongoing talent shortage in their industry?

Workplace Insight

The modern business landscape is facing a significant challenge: a growing skills gap and a persistent talent shortage across various industries. ” This discrepancy can arise due to various factors, including technological advancements, changing industry trends, and a lack of relevant training and education programs.

Skills 98
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Want To Be a Freelancer? Here’s How to Get Started

Success

In what industries do freelancers work? Regardless of the industry or specific talents, freelancers must possess some core skills to thrive. Network with other freelancers, prospective clients and relevant industry professionals to spread the word that you’re in business.

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3 Smart Money Moves to Make Before Starting a Business

Success

For example, do research ahead of time to predict the average accounts receivable timelines for your industry. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. You should consult your own tax, legal, and accounting advisors.

Finance 345
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. You must keep a completed Form I-9 on file for each employee on your payroll.

Filing 121
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

Time theft is a very real issue that affects organizations from all industries. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. Recordkeeping for legal requirements.

Payroll 52
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Making Taxes Less Taxing

Success

For example, the Wave Advisors program provides bookkeeping support and one-on-one accounting and payroll coaching. It’s a smart idea to choose someone who is familiar with your industry or has worked with freelancers before. Each company offers free support, but this support varies by hours and by type (phone, video, chat or email).

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It’s time to review (or create) your document retention policy

BMT Office Administration

Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Legal consult proves especially helpful in matters involving the organization’s litigation hold policy.

Policies 105