Staffing a Tech-Savvy Team for Tax Season

When it comes to tax season, compliance and technology are two of the hottest buzz words. Government mandates such as the Hiring temp labor during tax season can save you moneyDodd-Frank Wall Street Reform and Consumer Protection Act and the Sarbanes-Oxley Act of 2002 have shortened the financial reporting timelines while increasing scrutiny of reports. Originally 60 days long, reporting timelines have been cut down to just 45 days – which means more stress on your tax professionals and more room for errors.

Now more than ever, companies are investing in experienced tax experts and efficient, user-friendly technology to stay compliant with growing regulations. But that’s just the beginning. Companies are no longer relying on their IT departments to install these technologies – they want tech-savvy tax experts who can offer insight into what’s happening on both sides of the tax desk.
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Workforce Watch List: Supply Chain and Logistics

supply chain and logistics staffing needsThe field of supply chain and logistics is exploding at a rapid pace.

45% of companies view their supply chain management as a strategic asset and, of that group, 70% see higher, better performance in their business. More and more organizations are quickly realizing the value of implementing robust teams to focus on the transportation and storage of their goods. Not only can a top supply chain team make an organization run more efficiently, it can also provide significant bottom-line savings.

Three major themes in the world of supply chain logistics are cost reduction, technology, and opportunity for growth–and they all go hand-in-hand. While cost reduction is a major supply chain trend so is maximizing the profitability of the supply chain which includes implementing new technology (RFID tracking systems, process automation tools, etc.) and better efficiency across the board. Other cost-saving methods include reducing carbon dioxide emissions. Many organizations are kicking these efforts off by hiring logisticians to audit their business to see where pain points and weaknesses exist and removing those barriers to save money.
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Workforce Watch List: Human Capital Trends in 2014

human capital trendsIt’s an interesting time to work in the human capital industry. Many factors are affecting how companies can attract, retain, and nurture talent, including things like aging baby boomers, social media, and government legislation. Read on to learn what human capital trends will dominate the industry in 2014.

Baby Boomers and Millennials

As Baby Boomers begin their exodus from the workforce, the next largest group (even larger than the baby boomers) is Millennials and, if organizations want to succeed, that means that they need to develop ways to entice the younger generation to work–and stay–at their company.

Part of attracting the Millennial group means addressing their concerns. If you’re in a hiring manager, human resources, or talent acquisition role, be prepared to talk about job growth opportunities, benefits (ie, with rising cost of education, does your organization offer tuition reimbursement?) and unemployment, to name a few. With 92% of companies using social media for recruiting, hiring managers will need to reach out to this group proactively. And, of course, as Baby Boomers leave a gap in the market for Millennials to fill, healthcare, and legal compliance issues will continue to be driving forces for change in human resources departments across the country.

How will social media affect the human capital landscape?

Did you know that over 14.4 million people found their current job through social media? Organizations incorporating digital strategies and social media into the way they recruit and retain talent will see much more success than those that don’t. Apart from the fact that recruiting via social lends itself to brand awareness and increased clout with a younger demographic, it gives recruiters and human resources professionals a leg up as well. A simple keyword search about a potential candidate can tell you all need to know and then some. Social media is also enabling hiring managers to proactively reach out to candidates who may not necessarily be looking for opportunities.
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Workforce Watch List: Increasing employee productivity

Happy employeeWhen morale is high, employees feel healthier, more alert, and more sociable. In this collective state of mind, employee productivity can increase by as much as 22%.

Additionally, these employees show increased creativity, a heightened sense of ownership in their work, and “good vibrations” that spread to other coworkers and nurture a more competitive and active workplace.

High morale can also help combat worker disengagement – which is an increasingly relevant workplace phenomenon that is costing U.S. companies more than $450 billion annually.  High morale also a key factor in keeping your best talent with the company, and in avoiding the high costs of employee turnover.
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Workforce Watch List: Mortgage and Banking Jobs

Mortgage and banking jobs

While the mortgage and banking industry is improving, it’s still pretty unpredictable. One minute economists are saying we’ll see a growing demand for mortgage and banking jobs, and the next they tell us the opposite. We’ve identified several workforce trends to help you navigate your way through this sector despite the industry turmoil.

How are current regulations affecting hiring needs?
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