On Point tips and advice can help managers and employees work more efficiently and maintain a productive work environment.
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.
Have you ever experienced an employee getting hurt on the job? Your answer may be no, but workplace injuries can be severe, and are more common than you’d think. For example, in just 2021, the Bureau of Labor Statistics data indicated that 2.2 million workers comp cases were filed.
Processing payroll is a more complex process than most people realize. It’s not just about sending paychecks on time and validating hours—it also involves tax withholding, employee benefits administration, legal compliance, and cost management. In addition to these tasks, many payroll responsibilities are ultra-detail-oriented, high-stakes, and constantly evolving.
Payroll is one of your most important year-round responsibilities as a business owner, so ensuring its consistency is crucial. As your business grows, you may ultimately outgrow your payroll provider. How can you make the switch without disrupting operations? The key is timing!
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.
Technology is constantly evolving to impact departments in every industry, and HR is no exception. The HR software industry is expected to exceed $10 billion this year, so there’s no shortage of opportunities for HR teams to implement tools that make life easier.
We currently have four generations in the US workforce: Boomers, Gen X-ers, Millennials, and Gen Z-ers. And while welcoming each new age group into the fold has apparent benefits for innovation and fresh perspectives, it also creates confusion for employers hoping to keep each generation satisfied at work.
As a business owner, if you’re not currently offering a 401(k) plan, you’re missing out on an opportunity to attract and retain top talent by setting your employees up for success in retirement.
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.
Nothing interrupts a peaceful moment like an email subject line that reads “URGENT! PAYROLL ERROR!”
Mistakes happen — but payroll errors are incredibly costly, both financially and to the health of your business. These mistakes can lead to financial penalties and the time and money required to correct them. According to IRS estimates, around one-third of US employers make a payroll mistake each year. We’ve explored the possible errors and compiled this list of seven costly errors to avoid during your payroll processes.
HR teams are the backbone of most organizations, providing support for hiring, employee retention, legal compliance, employee relations, and more. However, for many small businesses and start-ups, devoting precious internal resources to HR isn’t always feasible. While HR responsibilities are often overlooked, there are a number of major benefits to outsourcing HR needs.
With the new year just around the corner, it’s a great time to reflect on what went well and where we can improve. Conducting a year-end company review is a great way to evaluate strengths, weaknesses and develop new goals. Learn the five essential areas to focus on when executing reviews.
The past two years have changed the way we work, and it has become increasingly more difficult to retain key employees and recruit top talent. Here are four benefits that companies are now offering to attract and retain the best-qualified employees. Find out how you can start the year out right with an attractive benefits package.
Switching your payroll provider often means your business is booming, but unfortunately it can be an overwhelming task. We have simplified the process for you by providing a step-by-step guide to smoothly and efficiently switching payroll companies.
The loss of a few key employees can have devastating implications not only for the company but also its existence. This is why introducing executive benefits is crucial in order to stay on top of the competition and offer their employees a benefits package tailored just for them. This blog explains the benefits recommended for executives.
Many people have heard of the term “cybersecurity” but may not know how it directly impacts their company. Cybercrime is a major issue, and the more information you know about cybersecurity, the better prepared your business will be to take any necessary precautions. Here are some reasons why cybersecurity should matter to every company.
Outsourcing payroll has become a popular option for business owners who want to focus on their core operations. With the right company, you can save money and time by leaving the tedious work of payroll behind.
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.
There is a world of online tools for HR professionals to use. But while they make some processes more accessible, it’s not always as easy as 1-2-3 in terms of implementation and overcoming common challenges even with the latest technology. Here are 6 common tech challenges and how you can overcome them.
A workers’ compensation policy is a part of your legal obligations as a business owner. The process can seem far more complex than it is. Workers’ compensation insurance can protect employees, but business owners need to understand what it is, how it works, who it covers, and how to make a claim.
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.
Owning a business can be challenging. If managing a wide range of HR tasks, payroll, and benefits has become too complicated for you, it’s time to consider a Professional Employer Organization (PEO).
A payroll service provider and a PEO both streamline payroll processing, but their approaches are vastly different. a PEO will provide you with tools to help run payroll, access benefits, and valuable HR solutions.
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.
As a business owner, employee benefits shouldn’t be overlooked or seen as a costly investment. Providing employee benefits can promote a happier work environment and improve productivity.
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.
Running a business alone can be difficult, but the good thing is there is always a way to simplify the amount of work you have to do. Outsourcing your HR and payroll services can save you time and the stress associated with running a business
Every good business owner looks for ways to save money without sacrificing production quality or employee benefits. A co-employment provider can save your business money by handling HR, payroll, employee health benefits, and a host of other employer-related duties that you just don’t have time for.
In times of crisis, it’s essential to have a financial cushion to fall back on to maintain the longevity of your business and continue supporting your employees.
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Enjoy more choice, more adventures, and more ways to save on local and global travel as our gift to you!!
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