Meeting Your Business Targets for Q4
As Q4 begins, now is the time to review the first 3 quarters of the year and identify results, progression of plans, and future targets. Have you met your customer acquisition and growth goals? Do you need more revenue generation or market share? What is working and what needs to change going into next year are questions you need to be asking now.
Companies are in the planning phase for next year, but reviewing where you’ve been, how far your plans have developed, and what is lacking is the key to understanding where you need to focus in Q4 and early 2020. Using this year as a guideline, it is important to figure out where you have spent too much or too little time using the skill sets and expertise of your staff.
One area that is often overlooked is administration. Too often, employees are tasked with managing operations and admin functions while their strategic work is placed on the sidelines. Wasting resources on admin functions can eat up a week or more each month of an employee’s time, while important projects get delayed. Identifying areas of administrative functions that could or should be outsourced can be a key component to saving company resources, maximising employee skill sets, and ensuring compliance.
Payroll and HR admin is one area where companies struggle to maintain control and compliance. If you have employees managing your payroll and HR functions in different teams, there is redundancy that can be avoided by using an integrated platform. You can also ensure compliance with changes to regulations, HMRC requirements and more.
Payescape has payroll and HR technology that is integrated into one system, so your employees spend less time on admin and more time on important initiatives. Our customised reporting gives you real-time access to your payroll so you can spot trends, make adjustments, and ensure compliance each month. To learn more about simplifying your payroll for Q4 and beyond, click here to get started