A good organization is good at making money. How well it manages that is a measure of how good it is.
But how do you measure that? How do you know if you’re making enough? How do you know if you’re spending too much? How do you know if you’re getting it right?
In the age of computers, a lot of the answers should be at your fingertips.
Consider, for example, the three most basic measures of a business: how much it makes, how much it spends, and what it pays in taxes.
How much it spends is relatively easy to measure directly. Your bank will do it for you. But how much it pays in taxes is trickier. You can’t just look at your profit and loss statement.
Most companies don’t report their tax payments separately from their other expenses. Instead, they total their profits and losses, then add back their expenses, and divide by 12 to get the effective tax rate. By that measure, Microsoft had an effective tax rate of 26 percent in 2009. That doesn’t sound high, until you remember that Microsoft was the biggest company in the world. Apple’s tax rate was 23 percent, and Google’s 25 percent.
But it’s hard to tell where that effective tax rate came from. You have to look at things on the balance sheet and income statement. What’s on the balance sheet? Everything the company owns and everything the company owes. What’s on the income statement? Everything the company makes or spends.
But there’s a problem. Everything on the balance sheet is money. And everything on the income statement is stuff. The two rarely match up.
For example, if the company buys a building and leases it out, the building is on the balance sheet, but the rent is an expense on the income statement.
Similarly, if the company
The best online employee management system is a web-based employee schedule software, also called employee scheduling software. It simplifies the process of managing, organizing and scheduling your employees.
An efficient employee schedule software makes it easier to control your business’ schedule and employee time. It helps you manage all your work employees in one place, including employees, their shifts and schedules, and work orders.
This is not only convenient for employers but also for their workers. It helps employees manage their schedules, and gives them access to their work schedules, shift history, work orders, and shift swaps. They can even log their hours or work hours anytime or from anywhere. All their records are stored securely, so employers don’t need to worry about unauthorized access.
Besides, an online employee management system allows you to track productivity, attendance, absenteeism, hours worked, and payroll. You can even set rules and alerts to keep tabs on your employee’s attendance, productivity, and overtime.
With an online employee management system, you can also manage your employees’ payroll. It easily and quickly generates and prints pay stubs, and calculates payroll for each employee. Your employees can even request time off manually, so you don’t need to process it manually.
Online employee management system also helps you manage employee records easily. You can store employee information like personal information, emergency information, medical information, and licenses. You can also store personal files like passports, ID cards, and work permits. And you can store employee documents like resumes, letters, and emails.
The online employee management system also allows you to set notifications for events. For example, you can set it up so that your employees get