PayrollHero | Canada B2B Networking Marketplace

We are excited to be part of this networking event!

Proudly hosted by the High Commission of Canada- This networking event is all about getting to know Canadian companies in Singapore varying from hardware, software or service in Next Generation Connected Services, Telecommunications, Power Solutions, Mobile Broadband and many others.

If you interested in being part of this excellent networking opportunity, please register via this link: http://www.mbdesign.com.sg/Canada_CommunicAsia2015/

Stay tuned to read our after-event post next week!


 

Happy Vesac Day | Singapore Holiday

singapore holiday

Vesākha (Pali;Sanskrit: Vaiśākha, Devanagari: वैशाख), Wesak or Vesak, also known as Buddha Purnima and Buddha Day, is a holiday observed traditionally by Buddhists on different days in Sri Lanka, Nepal, Tibet, Bangladesh, Bhutan, India, and the South East Asian countries of Philippines, Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia, and other places all over the world.[1][2][3] Sometimes informally called “Buddha’s Birthday”, it actually commemorates the birth, enlightenment (nirvāna), and death (Parinirvāna) of Gautama Buddha in the Theravada or southern tradition.[4]” *wikipedia

 

News: Labour Crunch in Singapore

Labour Crunch in SingaporeThe F&B sector is facing a labour crunch. Restaurants are turning away diners even though they have empty tables because they are understaffed. This has been a problem in Singapore, but never more serious than now. Singapore’s unemployment rate is at a stunning 1.9%. The turnover rate in the F&B business is the highest among all industries.

As an economics student, I see this as an interesting problem. Finding out what is going on behind the statistic is necessary from a policy perspective. But it also helps a restaurant owner to prepare his or her restaurant and steer through till the economy adjusts to the issue. So what is going on and what can you expect?

  1. Saturated labour market

With such a low unemployment rate, the pool for new recruits is drying. It would help if Singapore could widen its employment base and rope in people who have dropped out of the labour force altogether. However there is a problem with this.

Employment numbers among locals is concentrated towards food services, retail trade and construction. Wages in these domestic oriented industries are lower than export oriented ones. Low wages are a disincentive. People will be more willing to joining the labour force if wages were higher.

The second problem with widening the employment base is that the population of Singapore is too small. There aren’t enough locals to widen the labour market. But more on that later.

Now, we have mentioned that wages are low in the food services and retail market. But you must be noticing that you need to pay higher to retain your workers. This is the typical economics demand-supply problem. As the demand for workers rises while the supply remains the same, wages must rise. If it has not happened in a dramatic way yet, it will eventually. Markets will adjust and overcome rigidities unless the government intervenes.

  1. Labour Laws

Let’s go back to widening the labour market and why we can’t seem to do that. Firstly, Singapore’s local population is too small. Secondly, foreign workers are restricted by numbers and industries.

For the F&B services, it would help to employ a foreign worker for every old-age worker, as suggested by Food and Beverage Work Group Report. While this is a policy decision that the government has to take, restaurant owners should be aware about the policy changes that are likely to come about, considering the current labour market.

  1. Perception of working in the F&B industry

It is hardly surprising that the labour market is not kind to F&B services. The hours are eratic, the pay is low. The lack of a minimum wage in Singapore leads to wages being pushed down to a point where Singaporeans cannot accept the job.

The overall benefits of an entry level worker in the F&B industry are minimal. This could have damaging effects. If the government does decide to loosen rules on part-time, the connotation that is attached to F&B employment may hinder chances of employing students. If this perception does not change, the F&B industry might see more restaurants shutting down.

Solutions

Let’s say that the government will intervene and solve the situation at some point of time. But what can you do in the meantime?

  1. Increasing Productivity Through Technology

There can be no better time to invest in technology than now. With a shrinking labour force, restaurants have fewer waiters to take orders and handle customers. By installing POS systems, waiters can focus on serving customers. Improving other aspects of your businesses will also cut costs and help you through the tight economy. Inventory management and food delivery ordering systems can be digitzed. All this aims towards reducing manpower and costs.

  1. Improving the perception of working in F&B

This is imperative in order to bring in workers into your restaurant. There are a few ways you can do this. Firstly, add more meat to the job. The worker should know that there is a possibility of growing in the job.

For more tips on retaining young workers read “How we keep our young talents from leaving“.

Secondly, workers must be awarded with performance based incentives. They need to feel empowered and know that working hard will pay off. This will raise the perception of the industry as one that can further career prospects for individuals.

  1. Training

Lastly, Putting them through well designed training programs will improve turnover rates. The Group Report suggest the training program implemented in Singapore Airlines and customized to the F&B industry.

The F&B industry needs to change with the times and adapt to the current economic conditions. Restaurant owners need to adopt best practices and use technology to reduce human errors and eventually reduce costs. This way, the industry will be less exposed to labour market fluctuations that can potentially result in damaging Singapore’s reputation as the food hub of Southeast Asia.


If you are in need of people, check out our friends at BGC for your staffing needs.

 

How We Keep Young Star Talents from Leaving

Every employee is valuable. Repeating this old tired phrase really doesn’t mean much anymore. Sure, we know we are of value, but how valuable? Can we measure that? How do we know if our bosses are with us as much as we are with them in this company? Studies have revealed that the millennial generation is the population in the workforce that really values these questions, and use it to determine if they have join the right company to work for.

The PayrollHero Team has millennials as the majority. Just to be honest, our young talents in our team are being headhunted daily because they are doing such a stellar job and other companies are starting to take notice. However, the thought of leaving never occurred. Here’s how we keep our young rock stars with us!

We communicate all the time
There are no walls between management and the employees. We function as a team, always working towards the bigger picture. Our team is constantly on the move, functioning from different offices in Singapore, Canada and the Philippines, which is made easy using productivity apps like Slack. (Read on how we use Slack)

Having great communication means we are clear on the tasks each team has to complete and eliminate any grey areas and speculation. There can never be enough clarity when working with Millennials. Each team gathers for a huddle every morning to discuss completed tasks, give feedback- good or bad, in the moment. This way also we keep accountability crystal clear within the team.

Morning Huddles

Suggested reading: 5 Dysfunctions of a Team by Patrick Lencioni

Being flexible enough to meet halfway
PayrollHero is incredibly blessed with many gifted and talented millennials like Vince, and Maita. And we are more than happy to participate in out of office events as often as possible. We are with each other 10 hours in a day, every weekday and some weekends too and happy to do so. We work hard and play hard together.

Smiles at breakfast

Recognizing each employee’s lifestyle needs is important too. Millennials appreciate when a company acknowledges life outside of work. PayrollHero knows that mixing life and work as harmoniously as possible is one of the secret to making millennials happy to be at work. Fundamentally, we believe in getting things done. So, you can feel free to do activities you love, so long as you complete tasks that is required of you during the week.

Empowering each employee with ownership 
For a millennial, ownership means a lot. At PayrollHero, many members of the company have a stake in the company which ensures that everyone commits. As a millennial myself, I can see that having that kind of ownership is empowering because I can be a part of something bigger. The days of working for a company just for the paycheck are gone. Owning a part of the company is a great incentive for an individual. But more importantly, it pulls the team together to focus towards a common goal: to see the company succeed.

To know exactly how we work, you’ll just need to join us. We are hiring for many positions across all offices and even for home based roles.

Giving credit to the ‘little guy’ in your company

The PayrollHero Way
Giving credit where credit is due is an important task for managers to keep the morale of their employees up. Employees like to be noticed and praised for a job well done.

Why are managers not giving enough praise? Besides the fact that you are busy running around, taking care of daily operations; making sure everything is running as it should, finding out which employee did well for the last 4 weeks will take more effort. Most of the time, this task is not on the top of the priority list and so easily overlooked.

PayrollHero can help you look good to your employees!

Surely there are times where you wish you would have remembered to at least say ‘Good Job’ to Bob the cashier for working 8 hours and being the most helpful. Human errors like this can be avoided by using a simple app, where you can monitor your employees day to day work and track how they are performing accurately.

By using the employee feedback app, Daily Pulse, employees are able to ‘like’ their colleagues that was the most helpful at the end of the shift. Another plus, your customer can give their feedback using the Customer Feedback app too- by voting for the employee that was the most helpful to them.

You, the manager, will receive the data in real time via Xray Insights app. The app will show a clearer view of each employee performance and tracks the employee who is getting the most ‘likes’ on that particular shift. Information is readily available for you at a touch of a button. This makes your job so much easier! It also eliminate subjectivity in your decision as it is based on figures- not hearsay.

Work Place Transparency

At PayrollHero, we want to break the conventional workplace hierarchy by making information more transparent within the company. Using mobile or web apps, all managers can readily access whatever information required anytime, anywhere. We recognize that being on the ball is important when running a business- so time should not be wasted on you waiting for information from other managers.

The Data Might Even Surprise You! 

You may be glad to find out that the employee that is actually doing great is the person you least expect. It could very well be the person who is clearing the dishes- that is the most helpful employee among the rest and the most ‘likeable’ to your customers.

The app works by making sure every employee is acknowledged, from the chef to the janitor. You can be the best manager who knows exactly the deserving employees to give credit to at the end of the day.

Read our post on Scheduling Best Practices for Managers.


Want to learn how to be a better manager?

Join our next Meetup on 10th Jun 2015 @ 4pm in Singapore.

We will be focusing on tips and tools you can use to better optimize HR and payroll processes, while cutting costs on time and creating a happier work culture.

To register >>> Capture

 

 

 

Meetup on Growth Hacking in Asia

silicon straitsYesterday, Aulia and I stepped out of the office after work and headed to Ayer Rajah Crescent for a Meetup. It was on Mastering SEO to Boost User Acquisition, hosted by Growth Hacking Asia and Silicon Straits Co.Lab. Growth Hacking Asia is an organisation that advises Asian startups on how to succeed. The speaker was Jeff Li, SEO Manager at Expedia Asia and Head of SEO at AirAsiaGo. Jeff gave us some invaluable insight that we thought we should share and spread the love a little bit.

Jeff first explained to us how Google crawlers work. Page rankings are based on how relevant the page is according to Google. The factors that make up relevance involve keywords, links that lead to your page, quality of links, responsiveness of your page and site structure to name a few.

While keywords are important, Jeff says:

“SEO strategy has shifted from
keyword focused to topic focused”

Content in your website is key to bringing in traffic. The search user’s journey begins with the Search Interest, then to the Search Engine Results Page, followed by the landing page and finally the conversion from just a page visit to the action that we want the user to take. Therefore, having content that is relevant and useful to your target audience will get more hits and pull up your rankings.

A good reminder about content: Content should be shared in a way that makes your site look original, not in an attempt to crack Google’s algorithm.

Next, focusing on content will get you nowhere unless you know where to put it. Spamming is a big no-no because it creates a bad name. Paying a blogger a minimal fee to write about you may backfire if the channel that the blogger posts it on is not relevant to you. However, asking a guest blogger to write on your site may bring links back to you. Similarly, writing about another blogger and going by a pay-it-forward philosophy is great for both parties’ site traffic and creates goodwill: something like good internet karma.

While we are on the topic of linking, we never forget to link our site’s homepage to different parts of the site like the product category, the merchant page and general content pages. These pages are further linked to our products. However, linking these pages back up the chain is important too. A good internal linking strategy keeps the user on the site by giving more relevant information, which could lead to a higher conversion rate.

Jeff then gave some neat tools to learn how to optimize websites. Screaming Frog is a tool that simulates search engine crawlers. It helps you understand whether your site is accessible by crawlers. Google Search Console (previously known as Google Webmaster) is a great tool to pull up your page rankings and “be found”, as Google puts it.

With all these tools, the 2 biggest challenges with SEO are the following:

  1. Understanding the huge amount of data that you have on your site
  2. Figuring out what your competitor is doing

While the second point is an inevitable evil, we can do more about the first point. When asked what an SEO team should aim for, Jeff gave us some KPIs:

  1. Conversion rate
  2. Traffic
  3. Rankings

The second and third points lead back to the first: how to generate leads by first generating traffic, then pulling up your page rankings and eventually taking off your business from there. Simple in theory, but an elusive concept at best.

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5 Sure Wins When You Come To PayrollHero Meetups

This meetup is all about HR and payroll management in the cloud for businesses of any size. Today, more companies are getting smarter and are transforming the way they manage their time, attendance, scheduling, payroll and HRIS to a systematized cloud based solution. To make sure your company does not fall behind on this trend, you need to discover why choosing a better management system helps increase your bottomline.

During the meetup, we will be focusing on tips and tools you can use to better optimize HR and payroll processes, while cutting costs on time and creating a happier work culture.

Let’s solve those problems! We want to share our expertise together with you at our next PayrollHero Meetup!

We will have Steve Jagger, co-founder of PayrollHero!

Steve Jagger, PayrollHero

Hello there!

Sure Wins! 

  1. Know the tools that can increase productivity in your business by eliminating buddy punching and ghost employees.
  2. Gain new tactics to effectively improve scheduling, time and attendance, HR and payroll management for your employees.
  3. Business Intelligence tools to use for your business to make informed decisions on human resource.
  4. Get to learn about new tools that can help you gain insights and better understand your customer segment.
  5. Our event is free of charge with FREE wine and snacks!

10th June, 2015, 4pm- 5.30pm
Ocean Financial Centre

Capture


Part I on Cloud Computing: 3 Reasons Why Your Business Should Use Cloud Computing Now

cloud computing Cloud Computing, by definition, is “the practice of using a network of remote servers hosted on the Internet to store, manage and process data, rather than a local server or a personal computer.”

Let’s be honest, that sounds terribly boring. And you’re probably wondering: I don’t even know what half of that means.

As an intro to cloud computing, take a look at the infographic we have for you. Now, let’s talk about why your business needs to upgrade its IT infrastructure and adopt cloud computing with arms wide open. Using cloud computing services helps you increase efficiency, cut down on costs, and change the way you do business.

  1. Demand-Supply management: Cloud computing gives you the opportunity to be ridiculously client focussed using big data and data analytics. Imagine owning a gaming store that sold console games. If Game A was trending that week and Game B was not doing so well, data analytics would allow you to identify that trend, allowing you to stock up accordingly. Not only would you improve sales, you would manage inventory better and improve your turnover rates. For your business to be flexible and sustainable, you need solid data to back up your decisions. Cloud computing offers insight into your customer’s preferences. Using this data will give you the competitive advantage that you need.
  1. Cost reductions:
  • By using the Cloud, you can cut costs by moving from the CAPEX model to the OPEX model. This is particularly useful for companies that have a high debt burden. Initial capital expenditure on IT assets or building your IT infrastructure is not fully deductible, which leads to higher taxes. On the other hand, operating expenses on running services through the cloud are fully tax deductible. By moving your system to the cloud, you will be able to free up capital for other investments.
  • There is another benefit to cloud computing on your balance sheet. Think about the IT infrastructure you have set up for your business. You have 10 servers that work perfectly well on a regular basis. All of a sudden, during a special discount that you are promoting through your website, you notice greater traffic. Now you need 5 more servers to sustain the traffic. However, the investment is too expensive for the limited amount of time that you are using it for. If you could rent and pay for servers for just a short period of time, wouldn’t that make more sense than investing in assets that will not pay off in the long run?
  1. Remote-monitoring: This one is easy. By using the Cloud, you can access your company’s data anywhere and at any time. When you’re on that much needed holiday in the tropics, your spreadsheets back home will be of no use to you. With Cloud Computing, you can get back to your business at a moment’s notice and respond to any emergency, all this while sipping on some mai tais and preparing for the beach volleyball game.

Now, if you already knew all of the above, then you have probably contemplated the next question. What about security? We understand, recent security breaches that have led to disasters for some companies do not instil confidence in what we are talking about. Sensitive information is at risk when you are using Cloud Computing. But here is what’s important for your business: if IT is not your core competency, then no matter how much you invest in security, a company that rents out servers probably has a more secure system in place. Again, this is about how you want to use your resources to focus on your business.

Singapore is a great example on how Small to Medium sized Businesses (SMBs) have adopted cloud computing. Cloud Comrade, a company that provides solutions on cloud management, says that around 63% of businesses in Singapore turn to companies like Cloud Comrade for cloud technology solutions. Singapore is one of the fastest adopters of cloud computing services.

Altogether, the reasons for cloud computing, especially for SMBs was put very simply by Pavel Ershov, Parallels’ vice president of service providers business for the Asia Pacific and Japan regions:

“SMBs today have the best of both worlds to help them grow their businesses–cloud services offerings with enterprise-grade capabilities at affordable costs”


Want to learn more about PayrollHero? Check out our country specific websites:
Singapore, Philippines, Malaysia, Indonesia, Thailand | Canada, USA

 

Where does South East Asia rank on Maternity Leave?

baby photoEmployee benefits are a growing concern for human resource (HR) administrators. South East Asia (SEA) lags behind the global average in terms of providing employee benefits. However, when it comes to maternity leave, the situation has been improving.

According to the International Labour Organization’s report: Maternity and paternity at work: Law and practice across the world, there has been a shift towards increasing maternity leave periods that go further than the 14 – week standard suggested by ILO. However the coverage is neither sufficient nor long enough for mothers before they have to get back to work.

SEA ranks in the middle to lower half in terms of length of maternity leave. On average, around 12 to 13 weeks are given as leave.

Singapore: the Ministry of Manpower lays down conditions for eligibility of maternity leave. This leave can be paid by the employer or can be reimbursed by the government. The length of the leave depends on certain conditions. A maximum of 16 weeks is allowed if the following criteria are met:

  1. The child will be a Singapore citizen
  2. The mother is legally married to the father of the child
  3. The mother has worked in the same establishment for a minimum of 3 months.

The last condition is mandatory for eligibility. MoM also takes into account the number of children the mother has to judge eligibility and coverage.

Malaysia: The 1955 Employment Act gives mothers 60 days (8 weeks) of maternity leave as long as the employee has worked in the company for 90 days prior to taking leave. The employer needs to pay the employee in full during leave. There are certain concessions for civil servants. Malaysia does not provide maternity leave for the sixth child and following children. Because of the short leave provided, mothers often work up to the due date in order to spend time with their child during leave.

Indonesia: Three months (or 12 weeks) of paid leave are given to mothers. At least 1.5 months of this leave must be taken after the birth of the child.

The Philippines: Article 133(a) of the Labour Code states that an employee who has worked in the establishment for at least 6 months is entitled paid leave 2 weeks before the due date and 4 weeks after delivery. The employer is required to pay for only the first four children.

Under SSS law, a woman member of the SSS is entitles to maternity benefits. While the employer must pay these benefits to the employers, it can be reimbursed by the SSS. In order to abail the Maternity Benefits, the employee must pay at least 3 monthly contributions within the year before the semester of childbirth.

Thailand: An employee is entitled to 90 days (or 12 weeks) of maternity leave. However, the employer must pay a maximum of 45 days. The remaining 45 days are paid from the Social Welfare Fund. In order to avail payment from the Social Welfare Fund, the employer is expected to make contributions to the Fund for at least 7 months before pregnancy.

Here we have a list of countries and the maternity leave that they offer:

Duration Countries
< 12 weeks ·         Hong Kong

·         Malaysia

·         Papua New Guinea

·         Philippines

·         Taiwan

12 – 13 weeks ·         Cambodia

·         China

·         DPRK

·         East Timor

·         Indonesia

·         Laos

·         Myanmar

·         South Korea

·         Thailand

14-17 weeks ·         Brunei

·         Japan

·         Singapore

>  17 weeks ·         Mongolia

·         Vietnam

Source of Cash Benefits: Historically, Asia has seen a higher percentage of the maternity leave being paid by the employer. However, the trend is moving towards cash benefits coming from mixed sources: from the employer and social security services. To put this in perspective, Europe, a region that has led the way for right of the employee, has always provided cash benefits from social security.

Paternity Leave: Rights offered to fathers are fairly limited. Countries offer just a couple of days of paternity leave as a shared provision between parents. Usually this leave is taken by the mother. Sometimes this leave is not paid. Approximately 28% of countries in Asia provide paternity leave.

What is the future of POS for retail?

POS System

Image by squareup.com

The mobile point of sale system seems to be the buzzword circling around today’s retail industry. But the real question is if the mobile POS system is going to take over the traditional hardware?

We have notice recently that there is a movement towards the mobile POS option, however most retailers still find comfort with the traditional hardwired POS system for their business. Probably for this simple reason- business owners find the traditional machine more familiar to manage, secure and it comes with all the bells and whistles (eg, bar code scanner, receipt printer) at one price.

But do small businesses need to invest a large sum of money to get an all-in-one POS system from the get go? Or would it be wiser to have software that grows with your business, and add to the hardware as they need it?

Let’s think about the concerns of a business owner when choosing the right POS system.

The most common concern shared by most owners is that the traditional hardware gives them the sense of security and familiarity. The POS machine itself is built to withstand the daily grind of business. The POS is plug-in to a power point and does not require charging. The mobile POS system option can only last up to 3-4 hours on the phone or tablet, after which an hour downtime to charge. For a restaurant, this arrangement might not be suitable because POS system must be up and running from start to finish.

Next, a report by the Federal Reserve reveals that security concerns is another main reason why traditional POS system triumphs over mobile systems. Identity theft has been the top complaint on the Federal Trade Commission’s list of complaints for 13 years in a row. This shows that when it comes to credit card transactions, owners have more trust in POS systems than the mobile systems.

Additionally, the mobile system depends completely on the signal strength from wireless provider or a Wi-Fi connection which isn’t as reliable and secure compared to a hardwired connection. While some owners are skeptical about mobile POS not having security to protect cardholders data, business owners can be assured that mobile apps like Square adhere to the PCI Data Security Standard (PCI-DSS). 

Another worry with mobile devices being small, it can be easily misplaced or stolen. Comparable to the bulky POS system- it is definitely harder to run out the door with that.

But, owners might not need to choose after all.

Although POS systems might be the better option for retail businesses, it doesn’t mean that the mobile software should be disregarded. The smart business owner would see these 2 systems as mutually exclusive and use both methods to provide better service and enhance customer experience. One does not need to replace the other.

Take for example, a restaurant having their waitresses carry personal tablets to ring up food orders at the table within seconds, that information is also automatically reflected on the main POS system. By cancelling out the time they would usually take to key every order at the machine- this saves time on service and improves workflow. The customer can then physically pay for their meal using the traditional POS system at the cashier once they are done.

Retail outlets in Singapore are doing just that! Taking customer experience to another level through an integrated POS system. Restaurants like Sakae Sushi improves efficiency and flow by installing iPad Minis at the table for customers to ring up orders on their own, without waiting for a waitress. The central POS system at the cashiers handles all the payments after customers are ready to pay for their meal.

iPad Mini for food orders at Sakae Sushi

Central POS system at Sakae Sushi

Saving costs with technology. The integrated POS system at your restaurant or retail outlet, would mean that business will need less employees to wait on customers. Service has become self-sufficient.

Last words. It makes sense for business owners to combine the familiarity and security of traditional POS system with the added features from the mobile system to enhance efficiency and customer experience. Although it is important to consider when integrating software into your service; and depending on the nature of the business, reducing the number of staff in place of machines could also mean you will lose the human touch in your service.


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