There are lots of technologies available today to help you run your business. My client base is made up of about 600 small and medium sized companies around the country. From my writing and speaking activities I also meet with thousands of other business leaders each year. Of course, my findings are anecdotal and generalized. Some of my clients in areas like retail or e-commerce use very specific vertical applications. But from my discussions I'm finding that these five business technologies are among the most popular regardless of the size or industry they're in.
The traditional HR role has evolved over the past 10 years. HR professionals have moved from a conventional administrative role to being a more strategic business partner within the organization. Companies are putting more emphasis on employee well-being and employee engagement. HR still encompasses the traditional recruiting and hiring role, but there’s so much more to the HR department these days. Because of all these changes, it’s important that we keep up with the industry as a whole, which is why pulse surveys are so valuable.
The latest Paychex | IHS Markit Small Business Employment Watch reports the pace of small business job growth has slowed for the fifth consecutive month. It’s .70 percent slower than July of last year. That puts the numbers under a nationally established baseline for growth for the first time in six years. However, wages seem to be increasing at a decent rate across the country.
Job growth at small businesses continued to slow down last month, although wages are rising, according to a new report from payroll giant Paychex. The Paychex | IHS Markit Small Business Employment Watch showed a drop in the Small Business Jobs Index to 99.98 in July, 0.70 percent lower than in July of last year. However, national hourly earnings in July were $25.90, a 2.94 percent increase ($0.74) year-over-year.
Just like their counterparts across a company’s corporate functions, HR teams are using data and technology more and more in all aspects of their day jobs to make decisions and help line managers make ones about their part of the business. And as hiring, retaining, and developing the right people becomes such an important determinant of a company’s success, HR functions are taking on more and more of a fundamental role.