CXC Talent Talk #13

CXC Talent Talk #13

Welcome to CXC Global weekly newsletter! ??

If you want to find expert insights, trends, tips, and solutions for managing your talent needs, you are in the right place.

Every week we will keep you updated on the important shifts in the market and offer our views and tips for effective talent management from all of our regions.

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Are you wondering how can we actually help your business save money and attract top talent? Say no more, we got you covered.

In this week's edition of the CXC Talent Talk get a better understanding of CXC solutions. If you heard of terms such as

  • payroll outsourcing,
  • total talent management,
  • employer of record,
  • direct sourcing
  • or managed service provider

but don't know what they are and how they can help your organisation, don't skip this week's newsletter is for you.

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?? CXC Australasia

?? Payroll Outsourcing: Everything You Need to Know

Payroll outsourcing is a valuable, high-return investment for growing companies, looking to optimise their time and minimise their admin burden.

By partnering with an experienced, full-service provider, the key payroll responsibilities that can be taken care of for your business include:

  • Wage calculations for all categories of workers (PAYG and contingent), including benefits and reimbursements
  • Payroll tax calculations
  • Filing mandatory government reports
  • Filing – and sometimes paying – taxes with the ATO
  • Superannuation deductions for workers
  • Establishing payroll records for new employees
  • Ensuring your business is?SuperStream ?and?Single Touch Payroll ?compliant
  • Keeping payroll records for your business

Read more about Payroll Outsourcing HERE .

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?? Total Talent Management: The New Frontier

What do we mean by total talent management? It’s the consistent sourcing, payment, administration and reporting of all your staff, from permanent employees to contingent workers.

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Total talent management is the next revolution in the world of work, and we’re here to help you on your journey with our new eBook HERE .

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?? CXC Asia

?? Employer of Record Payroll Services

With an?EOR partner , employers no longer need to go through the arduous and complex process of setting up their business in a traditional way—establishing a company in a foreign country that is both often risky and costly. Instead, the EOR will manage all the employment requirements on behalf of the business.?

The EOR facilitates the following:

  • Employment contract
  • Onboard local employees
  • Filing employer and employee taxes
  • Payroll processing
  • Remit employee’s salaries and compensations
  • Provide health benefits and insurance
  • Terminate or rehire employees
  • Handle regulatory compliance

Find out more HERE .

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?? Employer of Record 101: Decoded

At the rate that things are changing, it’s hard to keep up. Businesses need to be flexible and agile to handle evolving market needs and unstable conditions—and a global workforce with top-tier talent can make this happen.

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Of course, employers have so many business functions to work on including marketing, operations, and finance. Managing human resources is a necessity that is more complicated than it sounds.

Here’s where having an Employer of Record (EOR) comes in.

Understand what EOR is and how it can help your business HERE .

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?? CXC Emea

?? What is Direct Sourcing? (And Why You Should Be Doing It)

Direct sourcing is a talent acquisition strategy that involves a business leveraging its own brand to source high-quality candidates for contingent or freelance roles.

The idea is to build up an internal, private pool of talent that you’ll be able to tap into as your needs as a company evolve, or when you have a short-term project that you need extra hands on.?

This pool might be made up of:

  • Previous employees
  • Previous contractors or freelancers
  • Retirees who are willing to take on occasional work
  • Referrals from employees and hiring managers
  • Runner-up applicants from past job searches stored in your applicant tracking system (ATS)
  • Freelancers or passive candidates you have identified and targeted with an invitation to join your contingent talent network??

??Learn how Direct Sourcing can help your business with cost savings and a faster time to hire on 23rd of February on our free online webinar HERE .

Read the full article on Direct Sourcing HERE .

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?? What is a Managed Service Provider (MSP) in Contingent Staffing?

A?managed service provider (MSP) ?is a specialist organisation that companies use to manage a specific service. For example, many organisations use MSPs to manage their IT systems without having to onboard internal technicians.?

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In the world of contingent staffing, a managed services provider is an organisation that companies engage to manage their on-demand workforces, which might include temporary employees, statement of work (SOW) contractors, freelancers and other types of contingent workers.

The MSP typically manages the entire contingent talent lifecycle from sourcing and acquisition through to offboarding.?

Discover what does a managed service provider do in the blog post HERE .

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