The proper management of finances is one of the most important aspects of running a small business. This is especially true when it comes to payroll, which affects all members of the company. When considering small business payroll software, business owners must consider their needs versus the various options and features that the software offers.
Benefits administration has always been a hassle for human resources. It is a challenging task that requires great attention to detail and HR staff must correctly handle and manage large amounts of paperwork and files. Any mistakes which are made can lead to serious problems. However, performing the task online has made things much smoother and more efficient. There are a number of reasons for this, and HR professionals should consider a switch to administering benefits online if their current system is not working as well as it should be.
Changes in healthcare laws have prompted many small businesses to look for new ways to provide health insurance for their workers without incurring high costs. Offering healthcare benefits can be a great way for a business to retain its most valuable workers, especially when larger enterprises are following a similar path. However, before establishing a health insurance plan, it is important to review the different options which are available.
Many companies turn to freelance workers, especially during peak seasons such as the holidays. They can save money which can be used to recruit more employees once a portfolio of customers has been established. However, incorporating freelancers into your organization requires procedures which are distinct from those that are used to hire employees. Your goal is to ensure that your interests are served from the relationship, the roles between you and the freelancer are clarified, and that taxes and other legalities regarding the contractor are met.
Protecting payroll data has always been important, but changes in technology have made it more so. While there are a number of online safety measures which have been developed, one of the greatest threats that employers face today are data breaches. However, the danger doesn’t end there.
A growing trend among businesses involves reducing the work week from forty to thirty hours. There are a number of factors which is contributing to this change, but many small business owners wander if reducing the work week will help or harm their business. There are both advantages and disadvantages to reducing the number of hours employees work, and it is important for business owners to weigh them carefully.
Most businesses want to be flexible when it comes to who they hire. In addition to employees, they may also hire independent contractors for various tasks. However, some business owners are concerned about the consequences of having too many 1099 employees, and want to know the advantages of hiring them versus W2 employees.
The majority of employers provide their employees with rest breaks, and in some cases, employees are paid during them. However, while this practice may be common, it is not always required. A federal law called the FLSA, or Fair Labor Standards Act, has established that employers are not responsible for providing rest breaks or meals to their workers. At the same time, states have their own laws, some of which are opposed to FLSA.
The Human Resources department can serve as an important agent of change, but this is only possible when they take responsibility for their mistakes and failures. Failure is something that few want to own up to, but it only becomes a problem when it isn’t used a catalyst for future improvement. Because HR is considered the front line when it comes to recruiting new personnel, the decisions they make can have serious long term consequences for the organization as a whole.
The average employee in the U.S. works about 8 hours per day, but for many this schedule is not enough to finish everything they must do. As time passes and the list of things that must be done continues to grow, it can often seem as if the end of the day comes too soon. Some employees choose to solve this problem by working longer hours or taking their work home with them, but this is unfair both to themselves and their families. Instead of working more hours, it is better to make the most of the time you have. Below are some tips that will help you do just that.