HCM Dialogue Podcast

The episode defines doomscrolling as the excessive consumption of negative news online, highlighting its contribution to Canada's mental health crisis and detailing the significant economic impact of mental illness. It explores various reasons behind doomscrolling, such as anxiety, FOMO, and confirmation bias, and explains its detrimental effects on both mental and physical health, linking it to issues like anxiety, depression, and...

The episode offers guidance on selecting the appropriate payroll software for businesses in Canada, emphasizing the importance of considering specific needs before exploring options. Key factors highlighted include budget, business size and type, and essential features such as user experience and customer service. The text then provides an overview of several popular payroll platforms available, noting whether they are Canadian-own...

The source provides an overview of various refinancing options, including auto loans, student loans, and mortgages, as strategies for managing debt and improving financial health. It explains how refinancing can potentially lower monthly payments and interest rates, freeing up funds. The text also highlights the importance of researching fees and understanding qualification requirements for each type of refinancing and discusses ho...

This excerpt from an article titled "Lessons from leaders: How top companies align finance, HR, and payroll for success" explores the importance of collaboration between finance, human resources (HR), and payroll for a company's overall success. Drawing insights from industry leaders Marty Sokolov and Carolyn Lesyshen, the text emphasizes how communication, integrated systems, and cross-departmental meetings can foster this alignme...

High debt levels among Canadians are a growing concern, leading to financial stress and mental health issues. Common responses involve financial literacy, debt relief information, and debt consolidation. This source explains debt consolidation as combining multiple debts into a single loan with a potentially lower interest rate, outlining its benefits and risks, and advising consumers to carefully consider their options and long-te...

Connecting HR, payroll, and finance can significantly boost an organization's performance by breaking down silos. The article highlights key trends that facilitate this collaboration, including investing in learning and development to improve retention and skills. Furthermore, leveraging data analytics across these departments enables better decision-making, financial planning, and identification of profit opportunities. Finally, a...

This episode explains the importance of a credit score, defining it as a three-digit number reflecting creditworthiness for lenders. It highlights how a poor score can impede access to loans and favorable interest rates, while a good score offers financial advantages. The author then provides actionable tips for improving a credit score quickly, such as reviewing credit reports for errors, managing credit card balances, making time...

This espisode from Drew Maginn's article emphasizes the importance of collaboration between finance and human resources for effective workforce planning. It highlights the distinct but complementary data each department brings, such as financial information (compensation, revenue) from finance and employee-related data (turnover, morale) from HR.

The episode discusses how analyzing this shared data can reveal whether an organizatio...

Cross-functional compliance audits are presented as a crucial proactive measure for businesses to identify and address hidden risks across HR, payroll, and finance, preventing future complications. The text emphasizes the importance of collaboration among departments to gain comprehensive insights and avoid oversights that siloed audits might miss. It outlines key steps for conducting these audits, including defining scope, collect...

In this episode, featuring insights from Tisha Parker Kemp, discusses how Human Capital Management professionals can establish themselves as thought leaders.

Kemp emphasizes sharing new perspectives, increasing visibility through online content, and developing a strategic approach. She advises creating engaging content that responds to industry news with real-world examples and encourages consistent learning and participation in pr...

Workforce analytics involves gathering and examining employee data from areas like HR and finance to inform business decisions on talent management and efficiency.

The process includes consolidating data, defining key questions for analysis, identifying trends, and implementing data-driven actions while continuously monitoring results. Organizations should establish accessible data, frequent communication, and clear benchmarks to m...

This episode aims to encourage and guide Canadian beginners in starting their investment journey. It highlights that many Canadians are hesitant to invest due to a lack of knowledge and fear of losing money.

The author suggests seeking help from financial advisors at local banks to understand basic investment principles and identify suitable options based on individual goals and risk tolerance. Common beginner mistakes, like inacti...

Strategic forecasting relies heavily on payroll data to inform crucial financial decisions. This information aids in projecting labor costs, planning headcount, and understanding overtime trends. Analyzing benefit costs, employee turnover, and seasonal variations further enhances strategic planning. Performance-based pay, leave patterns, and employee demographics also offer valuable insights for future workforce management. Ultimat...

This article from HCM DIALOGUE explores the potential of artificial intelligence to transform payroll processes by automating tasks and improving efficiency. Experts suggest AI can help with error detection, streamline calculations, and free up HR teams for more strategic work. However, the piece emphasizes the crucial need for human oversight in payroll due to the necessity of nuanced judgment, empathy, and complex problem-solving...

This article from HCM DIALOGUE explores the integration of AI and automation within payroll, human resources, and finance departments, highlighting potential benefits ("green lights") and necessary cautions ("red lights"). It suggests that AI can significantly aid in compliance, reporting, and employee self-service, leading to greater efficiency and focus on strategic tasks. The piece also examines AI's role in content creation and...

An article from HCM DIALOGUE advocates for organizations to enhance decision-making by leveraging shared data metrics across payroll, human resources, and finance. It highlights that while these departments gather substantial data, its potential is often untapped due to departmental silos and competing priorities. The piece identifies key shared metrics such as employee absenteeism and turnover, compensation, and process compliance...

Payroll professionals must master essential payroll skills to ensure employees receive accurate and timely pay while maintaining compliance with ever-changing regulations. As payroll administration becomes more complex with evolving laws and technologies, having the right expertise is crucial for success. To gain expert insights, we asked members of the HCM Dialogue community to share the most important payroll skills needed to exc...