Tag: small business
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Flexible Schedule Jobs: Give Your Employees What They Want
Flexible Schedule Jobs: Give Your Employees What They Want Daycare and child care costs parents over $16,200 a year, and that price is growing at double the rate of inflation. Since both parents began routinely entering the workplace in the 1970s, child care has increased more than 2000% (and it’s still rising)! It isn’t only…
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How Construction Companies Benefit From a PEO
If you own a construction company, the pressure to cover your employees is extraordinary. Construction companies must manage their worker’s compensation insurance, manage risk, and keep the workload manageable so the business can function properly. Not an easy task. Help is always appreciated, if it gets the job done right. PEOs cover more than 175,000…
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Workers Comp Costs: Advice for Small Business Owners
For something that’s mandatory in most states, workers compensation insurance is not very well understood. This makes perfect sense since there are a number of moving parts — some of which you have no control over. Most states require business owners to carry workers comp insurance even if they only have one employee. This may…
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Payroll Tax Changes in 2021: 5 Helpful Tips for Employers
The general makeup of employee paychecks, outside of wages, are federal income taxes, Social Security, and Medicare expenses. One of those, Social Security payroll taxes, is increasing by almost 3.6% to $142,800 in 2021. What does this mean for you as an employer? Compared to 2020, an increase of $5,100 in Social Security payroll taxes…
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High Employee Turnover Rate? 4 Ways to Retain Staff
Are you a business owner struggling with a high employee turnover rate? Watching employees come and go isn’t just frustrating — it’s expensive. The average cost of recruiting and training a new employee is over $4,100. Even the smallest businesses will pay around $1,500 to onboard one new hire. If some of your HR goals…
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Fraud Alert! 4 Common Business Scams (And How to Protect Yourself)
In 2019, there were more than 23,000 business email scams nationwide. The result? $1.7 billion in losses. 2020’s ongoing pandemic has forced many entrepreneurs to change the way they do business. Unfortunately, this leaves us prone to coronavirus-related scams and other types of cybercrime. In this post, we’ll educate you about some common business scams…
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3 Tips to Overcome the Challenges of Managing Remote Employees
Before the pandemic, 80% of Americans expressed the desire to work from home at least part-time. Now that so many have gotten their wish, experts estimate that up to 30% of the workforce will continue working from home in 2021. That’s great news for your employees, but what about you as their employer? There are…
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Why Outsourcing Payroll Management Will Transform Your Business
Did you know that almost 40% of businesses worldwide outsource at least some of their payroll management? If you own a small business with few employees, you may be able to handle payroll on your own. At least at first. But what happens as your business grows and you add on more employees? Or what…
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Returning to Work? Tips for Workplace Safety After COVID-19
As a small business owner, you likely have many concerns about reopening your business amidst the pandemic. Chances are your employees feel the same way. The truth is that most businesses will need to make adjustments in the aftermath of COVID-19. How can you successfully get your business running again while protecting your workers and…
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The CARES Act for Small Business Owners: What You Need to Know
Earlier this week, President Trump signed the CARES Act bill worth an impressive $2.2 trillion. The goal of the bill is to help keep our economy afloat during and after the coronavirus epidemic. As a small business owner, you’re no doubt concerned about the impact this virus will have on your company and your employees. The good…