As companies grow, they may ask employees to take on greater responsibilities rather than hire additional help. While this can be a wonderful challenge and career opportunity, it can also put staff into difficult situations they’re not equipped to handle. Human resource functions are particularly …
Why Do Employers Outsource Payroll and Tax Administration?
Like clockwork, the rush of payroll and tax filing deadlines sweep in. To avoid penalties and fees, due dates cannot be postponed even if it derails other important business initiatives. These kinds of complex, recurring mandatories can really hinder company growth. Outsourcing payroll and tax …
Why It’s a Bad Idea for CFOs to Do HR
Beyond balance sheets and income statements, a chief financial officer (CFO) wears many hats. Providing forecasts to help management make good decisions, overseeing compliance issues, and guiding the company’s financial strategies are their core responsibilities. While it might seem like a natural …