Employee morale may seem to be an intangible quality, but it can have an effect on profits and productivity, both of which are measurable. In fact, lost productivity from disengaged employees costs the American economy hundreds of billions of dollars a year due to factors like increased absenteeism and more frequent illness. Keeping...
The company HR department deals with everything and anything that has to do with people within a company, from payroll and workers’ compensation benefits to employee benefits. Companies handling all these responsibilities on their own often find they spend more money to hire additional employees to handle the workload. Plus,...
The Human Resources department has been bombarded with new work over the past few years. New laws are being passed at both the federal and state level, and managing human resources is more complex than ever. Consequences for mistakes can be severe, and even a very small startup business can...
Most companies have an idea what big data is, but haven't yet learned to tap its full potential. Current business intelligence (BI) practices are time-and-labor intensive, and can't deliver predictive results. BI mainly consists of after-the-fact analysis that produces weekly reports, end-of-the-month summaries, and fiscal year-end data sheets. By hiring...
For the majority of business professionals, the end of the year signals project completion, taking time off, and holiday celebrations. However, for busy HR and payroll administrators, this time of year means payroll, benefit and tax deadlines. There are several tasks that need to be accomplished near the end of...
Small businesses may improve workplace efficiency, safety and management through the outsourcing of payroll services. Depending on the services needed, a small business can choose between a payroll company and PEO (professional employer organization). However, payroll companies and PEOs allow small businesses to operate in different capacities, so it's necessary...
OSHA (the Occupational Safety and Health Administration) exists to make the workplace a safer environment for everyone, but non-compliance with OSHA regulations could result in serious injury or death. It's important for your business to stay compliant with OSHA, both for your employees' safety and for your financial management. A...
A PEO (professional employer organization) can offer businesses of any size a well-regulated workers’ compensation policy, creating benefits that far outweigh your own company's policy. PEO companies can help small businesses avoid workers' comp claims by administering safety programs and educating workers on risks and liabilities around the workplace. Because...
Regardless of your thoughts on the Affordable Care Act, small business owners must prepare themselves and their businesses for the upcoming health care reform. The following tips can help your business stay in compliance with the healthcare reform, ensuring your employees are covered. Partnering with a PEO company (professional employer...
Owning a small business requires careful monitoring of all financial transactions, marketing strategies and company decisions, but measuring each employee's hours is just as important. From strict attendance policies to work flow, it's your duty as a small business owner to effectively supervise time management in your office, because this...
