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On Point tips and advice can help managers and employees work more efficiently and maintain a productive work environment.

On Point

What is “Rage Applying,” and How Can You Prevent Your Employees from Doing It?

One day you have an employee on payroll, and the next day you’re scrambling to fill a position. Have you ever found yourself in a situation similar to this? Unfortunately, this isn’t a coincidence– the average employee turnover rate is rising. As of 2021, the national average annual turnover rate was 47.2%, and in 2022, that cost businesses $1 trillion. So, what causes an employee to jump ship?

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What Is the Real Cost of Having Employees?

Following 2020 and the great resignation, there was a rise in small businesses throughout the U.S. Many people, whether laid off due to the pandemic or ready for a new venture, decided it was time to follow their dream of owning a small business. And according to the Census Bureau, more than 4.4 million new businesses were created in the U.S. during 2020 — the highest total on record.

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5 Signs It’s Time to Expand Your Team

As a business owner, you may be hesitant to hire new employees. Growing your team can be a costly investment. A study from SHRM estimated that the average cost of employee onboarding is around $4,100 per new hire. So, how can business owners know if bringing on new team members is in their best interest?

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9 Steps to Conducting a Payroll Audit and Why You Should

Each year, during the week following Labor Day, American businesses celebrate National Payroll Week. As an extension of the Labor Day sentiment, National Payroll Week celebrates the significance of “an honest day’s work for an honest day’s pay.” For business owners, the week is a helpful reminder to revisit payroll processes with an audit, ensuring everything is running smoothly.

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5 Steps for Creating Your Global Workforce Expansion Strategy

Many companies dream of expanding their products or services across the globe and succeeding in worldwide markets. However, the reality of launching in a new market presents a unique set of challenges for managing employees—many of which catch businesses off guard.

Use the five steps below as your carefully-crafted expansion strategy to boost your chances of success and avoid common mistakes.

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5 HR Compliance Mistakes You May Not Know You’re Making

The amount of HR compliance required for businesses to be compliant at the local, state, and federal levels Is enough to make your head spin. At least, that’s what small to medium-sized business owners tell us. Here are the five kinds of mistakes we encounter most when we partner with a business ready to save time by outsourcing their HR.

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10 Tips for Recruiting Top-Tier Candidates

When you’re hiring employees to help take your organization to the next level, it’s only natural to want the best of the best. Today’s job seekers are in high demand, so it’s essential to make sure your recruiting practices and job offers are competitive to keep up. Here are ten tips to attract and retain top-tier candidates.

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How to Get Certified as a Minority Business Owner—and Why You Should

Getting your business officially certified as minority-owned can open new opportunities for federal, state, local, and corporate contracts. In addition, minority certified business owners gain access to exclusive funding options and grants to assist with their business growth. Learn how you can benefit from becoming a minority-certified business owner today.

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10 Steps to Launch Your Business

Launching a business is an incredibly exciting milestone, but as you probably know, there are several vital steps to complete before you can celebrate your business debut. We’ve simplified the process with the ten pivotal steps you should take to launch your business. Work your way down the list, and you’ll be ready to launch your new business in no time!

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How to Keep Your Business From Failing in the First Five Years

It’s not easy to start a new business, especially these days. Only 45% of companies in the U.S. make it through the first five years. Business owners take some critical moves to make it through, including managing costs, investing smart, and creating strategic partnerships. Learn about the priorities that will help your business thrive from the start.

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Top-5 Reasons Employees Leave a Company

It’s no secret, top talent wants to work for an employer that values their skills and abilities. To help guide you, we’ve outlined the top-five reasons why top-talent move on from their current employer in 2022. Respect, Pay, Culture, Management, and Upward Mobility.

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How to Create an Effective Business Continuity Plan

Business continuity planning is an essential tool for any business in the event of a disaster. It provides you with enough lead time to ensure that your organization can continue operations without interruption, even if something goes wrong from day one when disasters strike unexpectedly.

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How the Employee Retention Credit Can Help Your Business

In the aftermath of the COVID-19 pandemic, businesses are finding it more difficult to retain employees than ever. The Employee Retention Credit (ERC) is a refundable tax credit to help businesses with the cost of keeping their staff employed. Find out how companies can qualify and apply for the ERC before the end of the year.

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OSHA 101: What You Need To Know

The Occupational Safety and Health Administration protects the health and safety of workers in the United States. It’s essential for businesses, regardless of size, to be up-to-date on OSHA standards. This can help prevent accidents in the workplace and help you avoid legal issues that could arise from negligence.

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How The American Rescue Plan Is Saving Businesses Money

Now that The American Rescue Plan (ARP) is officially law, more help is on the way for businesses. Through the American Rescue Plan, the government is now giving huge subsidies for individual health plans which can pay half of the employees monthly premium. Merritt Business Solutions can help your employees access these benefits and more!

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