New requirements for the legal entities pursuant to the Measures against Money Laundering Act

In a dynamic business environment and great competition nowadays, the Lead Manager faces a number of challenges as one of them is employee’s motivation. Finding out what motivates each of team member could be a difficult task. It also takes a lot of time that could be used for solving other business issues. That is why the interest in assimilation and implementation of new techniques for stimulating the team members has grown over the years. If we want them to be efficient, they must be adapted to the needs of the employee, depending on their individual needs, work position and social status. Meaning those leadership goals, at one moment we completely forget about the Manager and his/ her personal motivation. Every employee has expectations and requirements with their direct supervisor, but no one realized good Manager needs a motivation as well.

During the past three decades direct contact with Managers at different levels has helped us summarize several key motivators that have main role for increasing satisfaction of Management team in a company. Combination of these is a key factor in retention of the leaders:

  • Balanced work environment and absence of conflict of interest among managers at a hierarchical level.
  • High recognition for the contribution to the company’s development and the set goals achievement.
  • Efficient Time and Process Management for better work – life balance.

Sb Accounting & Consulting skillfully selects and combines individual solutions and approaches that increase the satisfaction.

Sb Executive Payroll is an innovative tool that unifies techniques entirely focused on Management teams’ care. The solution differentiates the payroll process for the key leaders from the rest of the employees and is an important component to increase motivation. Main factors that make Executive Payroll a basic working model for achieving satisfaction are:

  • Correctness and timeliness of data processing – The accurate calculation and payment of remunerations ensure the financial peace of the Management team.
  • Confidentiality and reducing the risk of misuse or dissemination of personal data – Significant differences in the level of wages of employees and managers in an organization could lead to demotivation and conflicts. Executive Payroll eliminates this risk.
  • Personal Key Account Manager – Sb specialist reacts proactively and as a matter of priority to issues related to the employment relationship with the employer and the resulting insurance rights and obligations.

Executive Payroll solution plays a significant role as a tool for motivation and compliment for the Management Team. It is a great way to express gratitude, appreciation and respect.

If you want to find out more about how Sb Payroll Solutions create a balanced work environment, do not hesitate to contact us!

Sb Accounting & Consulting Team
Your trusted business outsourcing partner in Bulgaria