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  Losing Expertise: The Consequences of Employee Turnover Employee turnover refers to the number or percentage of employees who leave an organization and are replaced by new hires over a period. While some turnover is normal, excessive or unexpected turnover can be a major challenge for organizations. High employee turnover can have a significant impact on the bottom line, as the cost of recruiting, hiring, and training new employees can be quite high. It can also lead to decreased productivity and lower morale among remaining staff members. In this blog, we'll discuss some of the main problems associated with employee turnover in the workplace. Cost: The cost of replacing an employee can be quite high. It can cost up to two times an employee's annual salary to replace them, considering the costs of recruitment, training, and productivity loss during the transition period. High turnover rates can put a significant strain on an organization's budget, especially for small

  Effective Expense Management Strategies for Your Business Running a business comes with its own set of challenges, and one of the biggest ones is managing expenses. Beyond the essential operational costs, there are additional expenses that can quickly add up, such as travel costs, meals, transportation, mileage, and more. Running a business comes with its own set of challenges, and one of the biggest ones is managing expenses. Beyond the essential operational costs, there are additional expenses that can quickly add up, such as travel costs, meals, transportation, mileage, and more. As a member of the finance team, it's your responsibility to track and manage multiple employee expenses while ensuring that all of them are compliant with the rules set by the Thai Revenue Department. This can be a time-consuming and frustrating process that eats into your productive hours. However, there is a solution to this problem: an Expense Reimbursement Policy. This policy serves as a framew

Fair and Effective Employee Termination: A Guide for Employers While organizations rarely want to dismiss an employee, from time to time it may be necessary. In the case that you do need to carry out an employee termination, you’ll want to have a HR representative present at any and all meetings and to help guide the process. But why is this the case? The Role of HR in Employee Termination Put simply, the right HR professional can guide the process of how to terminate an employee, ensure the correct steps are in place, and minimize the risk of potential fallout should the employee believe they were unfairly dismissed. In this section, we will explore the role of HR in the employee termination process. Grounds for Employee Termination The only reason you can dismiss an employee without notice is for serious misconduct such as fraud, theft, violence, and serious breaches in safety. For all other grounds to terminate an employee, there will be certain provisions and rules regarding notic

  Weladee: Your One-Stop Shop for Overtime Management Are you struggling to manage overtime at your organization? Do you find it difficult to keep track of employee hours and ensure that everyone is paid correctly? If so, you're not alone. Overtime can be a major headache for businesses of all sizes, and it's important to have an effective system in place to manage it. This is where Weladee comes in. Our HRMS application includes an overtime management feature that can help you streamline the process and improve efficiency. Here's how it works: Automated Overtime Calculations With Weladee, you don't need to manually calculate overtime hours for each employee. Our system automatically tracks employee hours and calculates overtime based on your organization's policies. This saves you time and ensures that everyone is paid correctly. Real-Time Visibility With our real-time visibility feature, you can see which employees are currently working overtime and how many hours