Payroll is essential for any employer because it is how employee's manage tax withholdings, earnings, and is able to provide financial stability for the employee. A reliable payroll system will directly impact employee morale and improve the company's legal standing.
Compensation is crucial for an organization. Compensation also includes fringe benefits that the organization offers to its employees. This directly impacts recruitment, retention, morale, and contributes towards organizational success.
There are multiple branches of legal that impacts businesses. For HR specifically, it is employment laws which are crucial for your organization because it protects you, your employees, and it can help prevent costly lawsuits.
Recruitment directly impacts your organization's success because it dictates what type of talent you attract and obtain, impact retention and turnover, and it can impact the company's bottom line.
Organizational culture can be a powerful way to reach new audiences and build brand credibility. It is also important because it significantly impacts employee engagement, productivity, overall organization success, recruitment, and retention.
Organizations are positively impacted when they invest in training for their employees and have structure development either within their own organization or for a career path that goes past their organization. Investing in this increases productivity, improves employees skills and knowledge, is competitive, and enhances job satisfaction.
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