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HR software: looking beyond processing payroll

Processing payroll is even easier now with options such as excel and batch payments using Internet Banking. So why should you pay to use a HR software? As one of our integrated HR software HReasily, a Singapore born-and-bred HR SaaS solutions platform, says, ‘if focusing on your core business is your top priority, than you need a HR software’. The remit of HR function has evolved significantly today, venturing into compliance, employee satisfaction and even local employment regulations during business expansion strategizing, which makes it essential for a results-oriented business leader to tap on HR softwares to automate and digitise as much of the workload as possible. Payroll is often one of the biggest expenses for most small businesses but it is crucial in business management and employee satisfaction. Whether you are an accountant acting on behalf of your client, or a small business owner managing the payroll yourself, here are 3 ways HR software can transform your business. Maximise employee satisfaction 90% of employees surveyed through Payboy, an easy-to-use compliant HR management software for any business size, were more satisfied due to the accuracy and timeliness of their payroll. Everyone knows that paying your staff the correct amount and on time is critical. Depending on your business pay cycle, calculating how much your employees should be paid each pay period can be a painful exercise. Also, let’s not forget the extra complexities of calculating overtime, holiday pay and benefits, to name a few. With the right HR software, all the calculations are done automatically for you. HR softwares like PayDay!, a cloud payroll & leave solution for small businesses (1-50) employees, also offers web and mobile solutions to enable employees to manage their leave on-the-go. You can now say goodbye to discrepancies, errors and understaffing that often results in payroll delays and headaches! Compliance, compliance, compliance Staying on top of statutory changes and contributions, calculating monthly CPF and declaring taxable income can be an administrative nightmare. Why don’t you let the Payroll Experts do that for you? With HR software, you don’t need to be an expert in payroll…

Fostering Wellness in the Workplace

At Xero, we strive to create a positive environment where everyone feels they belong and that they can do the best work of our lives. We believe that supporting the mental wellness of our people is an essential component to running a compassionate, successful business. That’s why we’re proud to announce that we’re marking World Mental Health Day by making changes to our Wellness Leave policy. The new policy means that Xero staff can now take time off for their own personal wellbeing, in addition to time off for physical or mental illness and when a partner or dependent requires care. To learn more about the importance of fostering wellness in the workplace, the team at Xero Denver office had the opportunity to speak with Alexandra Yannacone from the University of Colorado School of Medicine. She shared insights about how all of us can work to manage stress in the workplace and support our colleagues. According to Yannacone, one in five Americans have a mental health condition, and 40 percent of American workers describe their jobs as “very stressful.” In addition to the human toll, there is also a very real economic impact — a World Health Organization-led study estimates that depression and anxiety costs the global economy $1 trillion annually in lost productivity. Yannacone explained that it’s important to understand that employees can experience workplace stress due to a variety of factors, including work-related or home-related issues. The good news, according to Yannacone, is that these stressors are something that we can do something about. For example: Be proactive and preventative: “We know there are more stressful periods at work or in our personal lives, like the holidays,” Yannacone said. “It’s about being prepared and thoughtful ahead of time. Each year we fall into these same routines and start panicking, but often we know some of these things are coming. Same with work, most jobs we know when our more stressful times are. We need to learn how to declutter and destress ahead of time so when we’re in the midst of it we can really pay attention to…

Pause for a mental health check

What does mental health mean to you? For me, as a Director of People and Performance, it’s about remembering each and every one of us is human. We all feel stress. We all carry burdens that have kept us awake at night. And we all deserve support when times get tough. (But the support I need will be different to yours.) At Xero, we strive to create a positive environment where everyone feels they belong and can do their best work. Encouraging and supporting the mental wellness of our people is important to us, and this extends across our Xero small business community. Because running a small business isn’t easy. While it can be one of the most rewarding things you ever do, it also demands a great deal of time and energy. Long days may become frequent and the number of ‘hats’ you wear may seem endless. But when we forget to find ways to switch off – to make time to manage our stress levels – we risk impacting our wellbeing and mental health. As a time that’s dedicated toward education, awareness and advocacy, World Mental Health Day is a timely opportunity for us to reflect on ourselves  – and our teammates – and seek and offer any support. Mental illness is more common than you think Statistics show that one in five Australians say they’ve taken time off work due to feeling mentally unwell in the past 12 months, with anxiety and depression being the most common. But despite so many people finding themselves in the same boat, less than half call out for help.   For many small business owners, stress tends to stem from financial pressures, sustainability of the business and cash flow. According to Xero Small Business Insights, only 52% of small businesses in Australia are cash flow positive. Tom Larkin, the Director of accounting firm IEC Advisory, supports more than 100 agricultural businesses across central and western NSW and has seen the negative impact that financial strain can have on a business owner. “In anticipation of the impending drought, farmers have done a…

Here is the list of exhibitors to watch out for at Xero Roadshow Asia 2018

Preparations are underway for our second series of Asia Roadshows which will take place on 20 November in Hong Kong and 23 November in Singapore. The events will be bigger and better this year and we are pleased to confirm an exciting list of exhibitors to join us at the events. Xero Roadshows give accountants and bookkeepers the perfect opportunity to get to know existing and new Xero Marketplace apps in addition to discovering the latest technologies available in the accounting industry. Here’s a sneak peek of who you can expect to see on the exhibition floor this November: A2X A2X makes accounting easy for Amazon sellers – all the sales, fees and charges reconciled perfectly for every settlement. A2X gives Amazon merchants automated accounting by posting easy-to-reconcile summary invoices to Xero. The Amazon marketplace has millions of 3rd party sellers world wide and it’s growing fast. A2X allows accounting firms to specialise in helping Amazon seller clients so they can target this fast growing market. Catch them in either Hong Kong or Singapore and chat to them about becoming an Amazon accountant! Connect Outsourcing Looking for someone to handle your compliance work for you while you spend more time advising and servicing your clients? Connect does outsourcing, but differently. Make the change with Connect and you will see growth and profitability in your business as they provide you with qualified accountants that work on a per-job basis. Interested to find out more about how you can make the best use of time with Connect? They will be at Xero Roadshow Singapore so chat to them on how their expert workforce can work best for you; scaling up and down as your firm needs to grow with no fixed contracts or seat fees. PayPal Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal is committed to democratising financial services and empowering people and businesses to partake in the global economy. Available in more than 200 markets, PayPal enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and…

We’re sorry – really sorry…

Yesterday, we experienced a technical outage which affected our users’ access to Xero. The site went down at approximately 5pm New Zealand time, and was restored at 12.30am New Zealand time. We know you’re wondering what happened. The nature of the problem made it very hard to diagnose. There are many problems that can exhibit the same symptoms. We discovered a change was made to our network configuration. The change was incorrectly applied which meant some requests to servers inside that network failed. Our team worked around the clock to identify and implement a solution and to get the site up and running as quickly as possible. Once the change was detected and reversed, restoration of service was instant, so customers could immediately access the Xero site again. We sincerely apologise for any impact this had on our customers’ working day. We’re doing everything we can to build more resilience into our platform and reduce any risk of a similar issue in the future. Please rest assured that your data was not at risk at any stage. This outage was disruptive, and we’re really sorry for the frustration and difficulty it caused you and your business. We appreciate you bearing with us yesterday, and we’re disappointed we’ve let you down. Our site performance is extremely important to everyone at Xero, and we’re never happy with an outage of any length. Tony Stewart (Chief Product, Platform and Data Officer), and the Xero Team. The post We’re sorry – really sorry… appeared first on Xero Blog.

Why the 1% is everything

People often ask what keeps me up at night. When I joined Xero five and a half years ago, there were around 60 people in the Australian team supporting around 51,000 subscribers. Looking around Xerocon Brisbane today, and seeing more than 3,500 accountants and bookkeepers who advise more than half a million subscribers in Australia alone, gives you a sense of how much our community has grown.   But bigger numbers are never a measure of success unless they come with the trust and advocacy of your community. And that means continuously showing up for your customers. That’s why one question comes back to time and again as we expand to support more small businesses, and that is, what can we do to ensure our next customer feels just as special as the first? Meet Anton Gerner Anton Gerner is an award-winning furniture maker from Melbourne, and one of the first Xero customers in Australia. He has crafted one-off heirloom pieces for almost 30 years, so it’s fair to say he understands the beauty of individuality – how a personal touch can transform something functional into something special. When Anton signed up to Xero eight years ago, he did so because it was a time-saver, but he remained loyal because the team was proactive in meeting his needs. “This proactive approach is something I really associate with Xero, and have done from the very start,” he said. We were willing to go the extra mile, and Anton remembered that. Finding the one percent For any business, it helps to understand that ninety-nine percent of what you do is invisible to your customers. It’s important work, and it may be hard, but it’s expected. We all go to a restaurant and expect good food and wine. To truly differentiate yourself, to make your mark, you constantly have to find and deliver the extra one percent.   How do you create an environment where people strive to make incremental improvements and exceed expectations? How do you build a team that values the moments of beauty you can create for your customers? It’s all about…

ANZ Australia bank feeds are getting an upgrade

Over eight years ago, ANZ and Xero first partnered together to provide bank feeds for small businesses in Australia. At the time, ANZ was just the second bank to provide daily automated bank feeds through Xero in the country. The move was a major step in allowing small businesses and their advisors to see complete up-to-date picture of our cash flow and business finances on the Xero dashboard. Now, ANZ will release a new way to apply for direct bank feeds to help small businesses ditch the paperwork. With direct bank feeds, bank transactions flow seamlessly into Xero, reducing manual admin work and the risk of data entry errors. Bank feeds make daily reconciliation a reality and allow businesses to see their true financial position each business day. Working on the same data, accountants and bookkeepers can forecast, plan, and help businesses remain financially stable and viable. Once bank transactions are in Xero, it’s easy to keep track of the money coming in and going out of a business. Working with banks to work with you We recognise that connecting small businesses to their banks is vital to enabling solutions for their business. Xero has an important part to play in providing leading technology to reduce paperwork and red tape. That’s why we strive to work closely with different institutions to improve banking processes for small businesses and their accountants even further. This means not only making it more efficient but also making it more secure. Changes to the way ANZ customers can apply for bank feeds through Xero will take effect from the 6th September.   The post ANZ Australia bank feeds are getting an upgrade appeared first on Xero Blog.

XSBI event an opportunity to discuss how small businesses are faring

It was great to discuss the state of small business in New Zealand on a panel alongside some inspirational businessmen and women this morning. I always enjoy sitting down with business leaders, and our partners and customers, to talk about how business is faring and what needs to improve. The Xero Small Business Insights panel event took a close look at the just-released data for June 2018. Despite what some media outlets are reporting, it’s not all doom and gloom for business in New Zealand. Hosted by Xero’s Small Business Director, Nicole Buisson, the panel also included economist Cameron Bagrie; Curtis Bailey, CEO of Tradify; Rachel Lewis, Chief Community Builder at The WE Network; Rob Campbell, Chairman of Skycity; and Jane Ward, CEO of Tomorrow’s People. The discussion centred largely around the issues small businesses face when it comes to getting invoices paid, hiring skilled staff and corporate responsibility of large businesses. Cameron started off the conversation around the slight decline (a decrease of 1.3 percent) in the number of small business employees from May to June 2018. He commented that when hiring numbers slow down it’s not always a bad thing, and I agree. It can often be a good economic signal, as it means that firms are are finding it tough to find skilled people. This may lead to a strong up-tick in tech-based investment as firms look to do things a bit differently. Hiring skilled staff an issue for large and small businesses Jane agreed that the skill shortage is a real issue. Tomorrow’s People has countered this challenge by offering a really flexible approach to work. The business attracts a lot of applicants due to its culture of staff working the hours they want, where they want. A lot of applicants and staff are mums returning to the workforce in a part-time capacity. Jane says that culture is the most important piece around hiring – hire people who are a good culture fit and that will translate to client success. At Tradify, Curtis agrees that it’s important to hire for culture and talent. He has also…

Rush Hour Media: How this web agency uses technology to grow

When hearing from business owners about their stories, we find most have incredibly interesting backgrounds — and Jerome Tam is no exception: he studied aviation in the University of Leeds, almost made the cut as a pilot for Cathay Pacific airlines before cutting his teeth in sales roles for insurance companies. He created his first website at the age of 12 for his childhood passion, Gundam – a science fiction franchise about giant robots, not knowing he would one day run his own creative web and branding agency. Creating a business that fills a market gap But how did the idea for Rush Hour Media start? When a friend was looking to move from the UK to Hong Kong, Jerome helped him search for local web development roles – which inadvertently turned into market research. He shares: “I found that there was a lack of good web agencies in Hong Kong that delivered responsive websites at a reasonable price point.” Based on this insight, Rush Hour Media was born: a branding and web agency that appreciates the importance of branding, approaching a brand’s website or web app from a sales and marketing perspective. Jerome explains, “What sets Rush Hour Media apart from other agencies is the time we invest in understanding our clients, their unique selling proposition, audience and identity. We then communicate this, in a clear and effective manner, through a digital channel (such as web and app).” The challenges of running a business In the early days of the business – when the team was lean and overhead costs were low – cash flow wasn’t yet a major concern. A few years on, with a team of 12, servers to maintain and software that support the running of the business, cash flow became a pressing concern. Life before Xero was chaotic: “We ran on different spreadsheets – some up-to-date, others very outdated. All our invoices were manually created from templates. Mistakes on invoices were common, and it was difficult to fully track how business was doing overall.” Xero and HSBC: Technology tools that make life easier Now, using…

Stainless steel straws with a side of social enterprise

In support of Plastic Free July, we’re catching up with a few Kiwi businesses that are determined to improve sustainability in New Zealand. CaliWoods reusable straws are an environmentally-friendly stainless steel alternative to plastic straws. We talk to founder, Shay Lawrence, about how her business is helping to eliminate single-use plastic. State of the environment around the world a catalyst for change Travelling around the world after finishing university opened Shay’s eyes to the state of the environment. An avid surfer, she was horrified to find that plastic pollution littered even the most untouched pieces of ocean. “I was fortunate enough to work in the super yacht industry, which landed me on patches of isolated, tropical sand,” she says. “It was truly shocking to see human consumption and plastic pollution follow us to these places. There were bottle caps, straws, bags, showing that we really haven’t left any stone unturned.” The realisation hit Shay hard. When she returned to New Zealand after six years abroad, she set out to make a positive difference to the environment. “I knew that I wanted to try and inspire some positive change in the sustainability space. CaliWoods has been the voice thus far.” Social enterprise a great mechanism for positive change Sustainability isn’t a new concept for Shay. She studied environmental science at university, and says she always had an interest in business, too. “I find the sustainability space and social enterprise a really great mechanism for positive change. Since starting CaliWoods, I’ve learned that from small actions there can be massive, wide spread reactions and change really can happen if we commit to a more sustainable future.” Eliminating single-use packaging is one easy step that consumers can take to live more sustainably. “Look at the serial offenders and slowly start to remove each one from your life. It might be disposable coffee cups the first week, plastic bags the next. Small, achievable goals so that the habits stick.” Another easy step is to be more aware about what you’re consuming – think about whether you really need it. “And that goes for CaliWoods…

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