Top 5 Payroll Trends to Follow in 2020

Employees today have more options than ever when it comes to choosing where to work. This is why business owners are going the extra mile and using the power of technology to attract and retain top talent. A carefully deployed payroll management system can help make a huge difference in keeping team members engaged and motivated in today's highly competitive, employee-centric job market.

Payroll outsourcing services are constantly looking for ways to revamp their existing payroll technologies. As the workforce continues to go digital, new payroll trends follow suit. Here are the top five payroll trends to look forward to in 2020.

Trend 1: Pay Transparency: Pay transparency gives employees access to information about the salaries being paid for different roles, from top executives to freelancers, in addition to an explanation on how this pay structure has been devised.

Many businesses are moving toward pay transparency and making compensation more performance based. This promotes fairness and equality among employees, and motivates them to work hard as they know their pay will be determined by their performance, removing any chances of bias.

Trend 2: Automated Payroll: Doing payroll manually can be a time-consuming and an inefficient process. Humans are bound to make errors during the payroll calculation process, which can cost entrepreneurs a lot of money. According to the IRS, 40 percent of small- and medium-sized companies pay payroll penalties of $845 each year on average for late or incorrect filings.

This is giving rise to many businesses embracing the trend of automated payroll systems. This technology can help entrepreneurs make wage calculations much simpler. In addition to allowing them to calculate salary and hourly wages quickly by taking state and federal taxes and other components into consideration, automation helps them avoid manually writing checks to their employees. Although some small businesses don’t have the technological capability to do this, many are turning to payroll outsourcing services to ensure they stay on the cutting edge.

Trend 3: Integration with HR Software: There are a number of benefits associated with integrating payroll and HR software. An integrated system helps increase efficiency in managing employee data. A human resource information system (HRIS) includes such functions as time tracking and scheduling.

By integrating it with payroll, business owners can pool together relevant data and easily share it across systems to generate actionable insights. Integration of the two systems enables them to create personalized reports that include details on employees and their compensation packages. This ensures that no payroll mistakes occur by accurately tracking working hours of all employees. If you have trouble setting up these systems, consider using a payroll outsourcing service to help.

Trend 4: Increased Use of Cloud and AI Technologies: These technologies are set to play an increasing role in managing payroll remotely. Cloud-based payroll systems allow HR personnel, managers and other employees to access their payroll information in real time. These systems also help business owners protect their on-premise payroll software from cybercrime.

In today’s data-driven world, it has become important to analyze the vast amounts of payroll data being generated daily. Artificial intelligence (AI) helps with that, by providing actionable insights that can help shape an organization’s finances, identify non-essential expenses and contribute to the overall success of the organization.

AI also helps with automatically classifying employees and ensuring that they are in the correct tax brackets. Additionally, AI chatbots can be employed to handle non-urgent requests from staff members.

Trend 5: Rise of the Gig Economy: Hiring new workers can be both expensive and stressful, and hiring full-time employees for specific projects just doesn’t make sense. That’s why many business owners have started using gig workers in place of full-time employees. These freelancers are hired on a temporary basis to fill a role in the company.

Entrepreneurs are increasingly deploying payroll systems to keep track of the work done by the gig workers and to pay them on time.

By staying on top of these new trends on your own or by hiring a payroll outsourcing service to handle it for you, your business can evolve with the shifting payroll landscape.

BiKi Lists Multicoin Token The First Blockchain E Commerce Marketplace

Singapore, June 16, 2020 -- Global digital assets trading platform BiKi.com is pleased to announce that Multicoin will be listed soon on the exchange. An ERC-20 compliant token, the Multicoin is the sole medium of exchange on the Multiven Open Marketplace (MOM), the world’s first and most advanced blockchain-based marketplace that enables peer-to-peer e-commerce transactions with on-chain proof-of-ownership record.

“We are happy to be supporting a project that has shown lots of potential and already has a working PoC (Proof-of-Concept),” says Ethan Ng, CEO of BiKi.com Southeast Asia. “Since coming out of beta in December 2019, the platform has successfully transacted for global consumers from Asia, Europe and Latin America and continues to keep expanding its market.”

“As most of the goods on Amazon and AliExpress are made in China, we are partnering with BiKi, an exchange with strong grassroot footprint in China, to market MOM to Chinese manufacturers and merchants who currently trade on Amazon, that there is a better, geo-politically neutral, way to trade online. It’s called MOM, powered by one single global currency, the Multicoin,” states Peter Alfred-Adekeye, Founder and CEO of MOM and Multiven.

Ushering in an Era of Trustless E-commerce

Disrupting the existing e-commerce industry, the MOM marketplace operates essentially as a blockchain-based Amazon or Alibaba, with the key advantage that there are no intermediaries between merchants and consumers. Using the Multicoin (MTCN) cryptocurrency, anyone can buy and sell computers, phones, luxury goods, cars and more, peer-to-peer.

Since anyone with a computer or smartphone browser crypto wallet extension can acquire Multicoin, MOM is also enabling the 1.7 billion unbanked consumers worldwide with no credit cards, that have been excluded from online commerce, to join the e-commerce revolution. Thus, MOM further expands the potential customer base for Chinese merchants by almost 2 billion people.

Deploying smart contracts, MOM’s trustless P2P transactions are recorded immutably on the blockchain as proof-of-asset-ownership. The company also hopes to have MOM serve as an outbound oracle (a service also payable in MTCN) for product manufacturers seeking to validate product ownership rights for post-sales warranty service entitlement purposes.

The absence of intermediaries like Amazon, Alibaba and legacy OEM sales distribution channels means that shopping on MOM translates to unprecedented lower acquisition costs for consumers. Simply put, shopping on MOM incurs 0% commission. Hence, whether one is buying a Nintendo switch for 100 MTCN or a telco company is buying a core router for 30 Million MTCN, the only cost they will both incur is the less than €1 fee to mine the transaction.

Furthermore, to ensure that transacting parties are honest, both buyers and sellers need to stake refundable Multicoins which amount to twice the value of the transacted products. Should either party default in their obligations, their staked Multicoins are burnt as a deterrent.

Trade Wars can Turn the Tide to Favor Politically-Neutral Platforms

Setting its sights on gaining global market share in the online e-commerce space, MOM is of the opinion that the ongoing economic trade wars between the US and China could work in its favor. This scenario would likely cause Chinese merchants to seek out politically-neutral and decentralized platforms like MOM, that are immune to the fallout of the trade war, to sell their goods.

In addition, unlike Amazon and many other platforms, MOM does not collect or store personal information or browsing histories of consumers. This is yet another feature that will work to MOM’s advantage amid the growing concerns over user privacy in the global data landscape.

One of MOM’s most important value propositions to the world is that it is probably the only online marketplace where all products are genuine because ownership history Is recorded immutably on the blockchain. As Peter Alfred-Adekeye states, “Like Bitcoin, no government can control or seize your Multicoins.”

About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 3 million registered users, 50,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.

About MOM:
The MOM is the world’s first and most advanced decentralised blockchain-based marketplace application that enables trustless peer-to-peer transactions. It is powered solely by smart contracts and one global medium-of-exchange, the Multicoin (MTCN). Buying and selling on MOM enhances product authenticity because all ownership history is recorded immutably on the Ethereum blockchain, while the absence of intermediaries translates to a lower cost of acquisition for consumers. To learn more about MOM, please visit www.mom.market

Media Contact:
Marketing Team
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Official Telegram Channel
https://t.me/BikiEnglish

Cecilia Wong, yourPRstrategist.com
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+65-91826605

Transform your home with the professional services of house painting Dallas

United States 11.06.2020. The painting of the building plays dual functions, firstly, it enhances the life of the building by protecting the building material from rusting, cracking & deteriorating etc. Secondly, painting provides new looks to the building. The impression of the building got upgraded in the minds of viewers. With the help of professional hands, an ordinary looking building can be transformed into an eye-catching extraordinary premises.

House painting services by America’s painting pro provides the detailed advisory to clients about the availability of multiple painting options and creation of unique spaces. The consultation, advisory and free quote is provided at no cost to the clients. After obtaining the consent from clients, the America’s painting pro begins their professional task. If client is unsure about its requirements then the expert team with their strong work ethic and deep expertise chooses exactly the right colours, paints and application styles. Years of experience of the expert team helps them in ascertaining the needs and tastes of the clients and then the same is executed.

The professional services provided by America’s painting pro covers all the areas of painting, that includes furniture painting dallas, exterior painting, interior painting, residential painting, commercial painting and many more. As far as interior painting is concerned, it covers all the interior walls, doors, windows, grills, and furniture items. The quality of painting material and quality of labour at America’s painting pro is of premium quality. Unlike other painting requirements, the furniture painting is most crucial in nature, the furniture painting should ensure permanence against environment and physical insults. The expert team first sand the initial job to ensure that all inconsistencies on the surface of the wood are removed afterwards the task of spray acrylic or lacquer work begins. And then the final polishing or paint coating as per the requirements.

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Formulated IT Group Addresses High Demand for ICT Services Post Coronavirus

Johannesburg, South Africa/ June 5, 2020 - Formulated IT Group reports an incline of ICT Service demand in recent weeks. Formulated IT Group is a leading ICT Company headquartered in Johannesburg that provides a complete spectrum of specialized ICT solution services to assist businesses fulfill their full growth potential. Their sophisticated ICT solutions are powered by innovation to help clients drive business growth & productivity.

Formulated IT Group encompasses various ICT services, such as Print Solutions, PABX Systems, IT Solutions, as well as CCTV Surveillance Cameras& Access Systems. They have been supporting companies to magnify productivity, enhance efficiency and remain cost-effective by assisting clients with their ICT & Business needs, and Coronavirus does not seem to have altered that. On the contrary, many of their ITC solutions have witnessed a rise in demand in recent weeks, as companies adapt to creative ways of doing business and getting work done. Formulated IT Group has been available to their clients throughout the entire Coronavirus crisis, and that seems to be paying off.

“There is a definite trend to harnessing the expertise of independent partners in planning and implementing office technology solutions,” said Anthony Kinnear, founder and managing director of Formulated IT Group. This trend had been on the rise pre-Coronavirus and seems to continue rising post-Coronavirus as well.

Unlike other industries, ICT service providers are much more likely to carry on their business ventures remotely due to their distinguished level of digitalization. In addition, the recent Coronavirus crisis has pushed the need for quality ICT service providers, since many businesses are enhancing their investments in various IT security procedures and remote access. This enables access for employees who currently need to work from home.

About Formulated IT Group

Formulated IT Group is a leading, diversified, business- oriented ICT company, which offers an innovative approach while providing integrative technology solutions. By collaborating with some of the major brands worldwide, Formulated IT Group offers professional, unique, tailor-made ICT services to guarantee the soundest solutions followed by the best implementation. Formulated IT Group offers print solutions, which include Oki, Xerox, Canon, HP & Epson. The telephony comprises Grandstream and Samsung. The IT encompasses all major global brands and the security field offers the excellence of Hikvision and Uniview.

Announcing a NEW Online Business Service

In this ever-changing world with its new economic paradigm, we have seen where modern business is going and therefore we are pleased to announce the launch of a new matchmaking web service – www.WhenInNeed.org. A business solution that will enable anyone, whether they be an individual, a small or medium-sized business, or a large corporation, to find skilled talent who can supply their expertise, experience, and knowledge in providing top-notch solutions at affordable rates. Our service brings together freelancers, remote workers, stay-at-home professionals, and others who seek to offer their skills to others in a fair exchange which will please both parties – what's more if you hire local freelancers you support your local economy in more ways than you know AND it is the best way to get qualified and verifiable help for that much-needed job to get done responsibly.

What we do is match qualified buyers (those who hire individuals to provide a solution), and sellers of services (those whose skills and talents you desperately need, even if it is for something small and only once). We do this within a framework designed to facilitate the on-line negotiations and the subsequent billing of a pre-agreed upon piece of work, task, or project within a time-frame specified by the buyer for the contracted project. No job is too big or small, and our service’s main goal is to help communities help themselves, following the principle ‘Promote Local Talent’ by ‘Hiring Local Talent’. Our communities' graduates and experienced freelancers have verifiable educations as well as references located in your own community. What better way to support the further growth and expansion of those same communities.

“We believe people will find this way of doing business to be the new future, and we are happy to offer this service to all those affected by business closures and slowdowns in our current economy.” says Cris Rodriguez, systems administrator for WhenInNeed. The service is available to everyone in North America and other select markets including, but not limited to the United Kingdom, Europe, Australia, New Zealand and Japan. Brian Hernon, director of business operations added “We anticipate working-from-home will be the top business-growth sector in the years ahead, and encourage everyone to sign up for a free account and start promoting their unique skills and abilities for the upcoming demand for on-line workers”.

Services offered by the sellers can range from accounting and bookkeeping, to writing and everything in between. Be it, program development and coding, web development, business plans, data analysis, marketing strategies, layout and graphic design, or 3-D modeling – our freelancers have experience in many unique areas and are ready and willing to offer their services to both their local communities and our pool of talent-seekers.

Our site is dedicated to promoting local talent, so if a buyer has a project that they need done, and a local entrepreneur has yet to sign up and offer that service, then we will endeavor to find the buyer a selection of skilled talent to choose from out of our pool of business talent at our discounted rates. Though we strive to promote local talent, we will always offer only a selection of qualified workers to the buyer for his project needs.

Our built-in project analysis allows both, buyers and sellers to determine the reliability of the parties they are dealing with prior to committing to a job offer. We want both parties to be pleased with the outcome of their relationship. Both our buyers and sellers are rated using a variety of factors based on their past performance and the nature of feedback from both parties to each unique project. In this way we can assure that our talent pool is always top-notch and allows the buyers a guarantee that they are seeing the top talent in their field applying for the posted jobs.

To learn more about how you can promote yourself and your strengths, please visit www.wheninneed.org.

To seek out the talented individuals you need for something you need done OR to put yourself in the marketplace as a provider of the unique skills you have, we invite you to please visit www.wheninneed.org.