The Human Resources (HR) department is a key driver of business strategy, and one that plays a pivotal role in the establishment, growth and longevity of every successful enterprise.
For a small to medium enterprise (SME), it is an element that is often overlooked and dismissed as an administrative function, one which can be shared between founders or managers with no HR education, experience, or understanding of the legislative minefield HR has become. SME’s are leaving themselves vulnerable, not only to employee complaints and disputes, but to potential inspection of their HR records, systems and procedures to ensure compliance with the relevant laws.
Financial functions such as payroll and taxation are bound by legislative demands that require professional and qualified accountants to administer correctly, for example the introduction of PAYE Modernisation and the requirement for real time reporting since 1st January 2019. Setting up employees on the payroll system and the necessary administration with revenue, meeting tax deadlines, filing the correct forms and papers, VAT returns, managing holiday pay, sick pay, BIK payments, USC, pensions. A potential minefield.
These are just two examples of the multitude of tasks and functions a manager or owner of an SME must undertake to comply with employment and financial legislation. Requiring specialist skills, and extremely time consuming, these are functions Amstrow HR Outsource can deliver, allowing you to concentrate on the day to day management and growth of your business.
For further information or to arrange a meeting with our HR Outsource Team, call today on 01-5252 565 or email firstname.lastname@example.org