On Point tips and advice can help managers and employees work more efficiently and maintain a productive work environment.
If you’re a business owner in Florida, you have likely heard about the new immigration law passed by Governor DeSantis in May 2023. However, you might not know what it means for your business.
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?
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.
Black-owned businesses have a significant impact on their local communities! According to the 2020 Annual Business Survey (ABS) from the US Census Bureau, in 2020, there were over 130,000 Black-owned businesses totaling 1.3 million employees across the United States.
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?
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.
There’s one thing that the top business in your industry all have in common to help procure new businesses — supplier diversity. Find out how to stay competitive by putting this key organizational insight into practice for your supply chain.
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.
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.
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.
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.
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!
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.
The perfect way to make your business a success in 2022 starts with a strategic growth plan. This plan will help you outline the steps to reach your goals, look into how you can scale your business model, and provide insight into areas your business can improve.
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.
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.
As a business owner, you work hard to build your company. But what happens when you reach the point where you need to step down? You need an exit strategy. The following article will help explain different types of exit strategies you can consider for your business.
With the spread of the delta variant, you may be facing various concerns regarding your employees and Covid-19. This blog post will discuss some considerations for administering masks and vaccinations requirements in the workplace.
A hybrid future appears imminent as an increasing number of people work in hybrid environments. Due to remote working becoming a reality, your company’s culture needs to change in order to adapt.
There are many risks associated with owning and operating a business of any type. Whether a company is big or small, there should be a risk management strategy to help them save money in the long run.
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.
One of the most important things you can do for your employees is provide them with an efficient work environment. There are 8 proven ways to create an efficient work environment as a business owner.
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.
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!
Throughout 2020, the pandemic forced businesses to think outside the box in order to stay afloat. Now more than ever, businesses have to plan ahead for payroll, inventory, and debt.
Great news – We’ve teamed up with Tripbeat, a unique online travel club, to bring this exclusive benefit to MBS clients.
Enjoy more choice, more adventures, and more ways to save on local and global travel as our gift to you!!
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