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HR Finance 101: A Guide To Finance for HR

AIHR

They need to understand finance and accounting to make a difference as strategic partners in the planning and management of a large organization. Debits and credits are terms that refer to transactions entered in a double-entry system of accounting. A transaction is entered into an accounting record, typically in the ledger.

Cash Flow 116
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Creative Tips to Overcome Unexpected Rising Costs for Businesses

Refresh

According to a study , labor can account for as much as 70% of total business costs, including wages, benefits, payroll, and taxes. And while your employees are your greatest asset, how your workforce is set up may be adding unnecessary costs to your operations and hindering your bottom line.

Staffing 129
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Investment Bankers: A User’s Guide for CEOs

Chief Executive

As a chief executive, you have no shortage of lawyers, accountants and other internal and external professionals to help guide your daily and long-term decisions. Your intimate knowledge of the business you run is your greatest asset. Maybe your staffing is lean, and you pride yourself on being frugal. Think like a buyer.

Revenue 97
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Dos and Don’ts During a Hiring Freeze

Zenefits

Still, if mishandled, it can set back an organization’s future hiring needs well past the freeze and deflate morale by stretching employees’ workloads to make up for staffing shortages. Staffing shortages under any circumstance often create a heavier workload for current employees. No account yet? Maintain liquidity.

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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

However, there are two mindsets that people use when considering employees: the cost mindset and the asset mindset. Many experts agree that employees, or our human resources, should be seen as an asset. No account yet? We all know and accept this. 2. Outline the benefits you offer. Bookmark( 0 ) Please login to bookmark.

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Does Your Company Need a CHRO?

Zenefits

They work with all levels of leadership to acquire, train, and maintain staffing levels that drive performance. The chief financial officer manages the company’s assets, including cash and real holdings. No account yet? The CHRO establishes and monitors culture, diversity initiatives, and employee experience goals. Remember Me.

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5 Ways to Show Appreciation for Seasonal Staff This Holiday Season

Zenefits

Seasonal workers can prove themselves to be great assets to a team. In case a business is fully staffed with regular employees and can’t squeeze in the extra room, it will be equally as thoughtful to offer seasonal staff on-the-job training. No account yet? Bookmark( 0 ) Please login to bookmark. Username or Email Address.