Do you run a small or mid-sized business? If you do, then how is your payroll system? Is it in order or is your payroll a total disaster? If it isn't as streamlined, accurate or organized as it should be, you could face huge problems. Here are some of the most common payroll mistakes and the potential consequences of not keeping a tidy payroll system:
Cyber security has been a hot topic of discussion for businesses in the last few years, thanks to infamous data breaches like the incident with Target in 2014 or Experian in 2017. One of the biggest questions on everyone's mind is how to defend against cyber crime in general, and especially data breaches.
Harassment is a serious problem in many offices. If your employees are struggling with harassment, whether they are being harassed on the basis of race, gender, or religion, they aren't in a productive working environment, and chances are, they aren't engaged with their daily job tasks, either.
If you're a small business owner, you probably already realize that one of the main factors for expanding your company is being able to attract and keep exceptional employees. But regardless of the number of high-quality workers you may have, your business is still at risk if it's not I-9 complaint.
If you own a construction business, you know the various demands and problems that can occur as well as how competitive the construction industry can be. To succeed as a construction business owner, you need to develop certain habits. Here are six habits of successful construction business owners, along with why it's a good idea to hire a PEO (Professional Employer Organization):
A Human Resources worker requires constant education and workforce development if you want them to stay up-to-date on employment law. For most small businesses, keeping up with the latest changes is both time-consuming and expensive. However, failure to follow federal and local laws can really cost you.
Construction work comes with some inherent risk. As the Occupational Safety and Health Administration (OSHA) points out, "The fatal injury rate for the construction industry is higher than the national average in this category for all industries." However, you can work to keep your company below that average by taking precautions. Workplace safety is essential not only for keeping your employees healthy and injury-free, but also to bolster job satisfaction and trust in the managers and the company, and to protect yourself against the expense of lawsuits and replacing injured workers.
Outsourcing HR to a trusted PEO is one of the wisest business decisions you can make when looking for ways to get some of your time back. Read on to learn more . . .
Small and medium-sized businesses are increasingly turning to professional employee organizations (PEOs) to handle their payroll administration. It's not difficult to see why. Payroll administration is a time-consuming, complex and often tedious task that can pull your talented team away from your core business. Six of the most burdensome payroll-related tasks include IRS-compliance, direct deposit, check printing, payroll software upgrades, time-and-attendance bookkeeping, payroll adjustments, and special reporting requirements. Below we take a closer look at how a PEO can handle each of these six payroll administration tasks for you.