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  • Managing Employee Performance: Best Practices for Small Companies

    Managing Employee Performance: Best Practices for Small Companies

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    Want to increase your company’s productivity by improving employee performance? 

    Every organization, whether small or large, should introduce performance management programs to reach company goals effectively. 

    However, small companies may not have enough resources to proceed. In this regard, they can implement the best practices to maximize their employees’ potential. They can focus on creating a positive and productive environment for the betterment of both the company and its employees. 

    Scroll down to check out the best ways to manage employee performance!

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    Top 6 Ways to Manage Employee Performance in Small Business Organizations

    Small businesses can follow these performance management tips for a successful approach:

    Set Clear Business Goals

    The foundation of a successful performance management system is setting clear expectations and goals. Guide the employees about your expectations towards their performance and how they need to execute. Also, provide a clear concept about how their performances can help develop the business. 

    When you set guidelines and expectations, you can notice a considerable improvement in the quality and quantity of your employees’ work. This is because a proper structure and guidance provide them with a perfect baseline for work.

    Communicate with Your Employees

    Another way you can manage employee performance is by fostering transparent and open communication. As you set your guidelines and expectations, you should also know about the concerns and needs of your employees. This will help provide a favorable working environment, boosting their performance and efficiency. 

    Teamwork cannot be accomplished with only one person communicating and sharing his/her views. Thus, you need to listen to every employee’s input and help them in improving their performance level. 

    Provide Genuine Feedback

    As a responsible employer, you should provide feedback on your employees’ performance and working methods. Other than annual performance reviews, you should provide daily or weekly feedbacks. This will help them work on their mistakes and improve their performance accordingly. 

    Thus, you should provide constructive feedback focusing on employee behavior and not on their traits. You can strike a balance between positive feedback for their accomplishments and pointing out the areas where they need to improve.

    Offer Proper Training Opportunities

    Providing training opportunities for your employees can also help enhance their skills and knowledge. Thus, you can invest in employees’ professional development to boost productivity and work efficiency. Though small businesses may not have the budget to invest in full-fledged professional development courses, they can consider affordable options. 

    It includes mentoring programs, online courses, workshops, etc. When you help in your employees’ career growth and development, they will also stay motivated and put their best efforts into flourishing your company.

    Address Performance Issues Immediately

    Another way you can improve work efficiency and avoid any bigger problems down the line is by addressing performance issues promptly. If you find an employee not meeting the expected performance level, take immediate action in addressing the issue. If needed schedule a one-to-one meeting and discuss the concerns. 

    It will help identify the reasons behind the issues and you can collaborate on a plan to improve the situation. As a responsible employer, it is your concern to offer adequate support, guidance, and resources to help the employee get back on track. 

    Introduce Performance Review and Recognition

    Apart from daily or weekly feedback sessions, you can also evaluate the employees on a yearly basis. This will help identify the employees’ strengths and weaknesses and set future goals effectively. You can introduce an annual or bi-annual performance evaluation to discuss the concerns. 

    The reviewing part does not only end with assessing your employees’ performances but also rewarding them for their achievements. You can introduce recognition programs or a small incentive as a gesture for their efficient performance. 

    For further assistance and information on employee performance programs contact us. You can also go through our blogs for related concerns. 

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    Reference Links:

    https://quickbooks.intuit.com/ca/resources/manage-employees/employee-management-techniques-for-small-businesses/

    https://www.linkedin.com/pulse/8-tips-small-business-performance-management-paul-freudenberg

    https://www.peocompare.com/performance-management-small-business/

    https://www.valamis.com/hub/performance-management

    https://www.plumhq.com/blog/best-practices-in-performance-management-for-start-ups

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  • How to Offer More Services to Your Clients?

    How to Offer More Services to Your Clients?

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    Do you want to offer more services to your clients but aren’t sure what they need? Offering a range of products and services can help your business grow. It can also help you build a strong customer base and increase your revenue. But, before you start, you need to understand your clients’ needs. You also need to know about the market and what’s in demand. This blog will show you how to offer valuable services to your clients.

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    8 Ways to Offer More Services to Your Clients

    Here are some tips on how to provide more services to your customers:

    Understand Your Clients: 

    Before you add new services, you need to know what your clients want. You can do this by getting feedback from your clients. This will help you understand their needs and what you’re missing. Once you know what they want, you can tailor your services to meet their needs.

    Look at Your Competitors: 

    Looking at what your competitors are doing can give you ideas. It can show you what you’re not doing and new market opportunities. It can also help you see how you can stand out from your competitors. This can further create unique services or improve your existing ones.

    Do Market Research: 

    Doing market research can help you understand industry trends. It can also show you the size of your target market and new opportunities. This can help you decide if a new service will be profitable and in demand.

    Make a Plan: 

    Before you add new services, you need to have a plan. This should include your goals, pricing, target market, risks, challenges, and marketing strategies. It can help you figure out your budget, resources, and timeline.

    Train Your Team: 

    If you’re adding new services, your team needs to know how to provide them. You can train your existing team or hire new people. You can also work with freelancers or partners. But, investing in your team’s training can help ensure you provide top-quality services.

    Talk to Your Customers: 

    When you add a new service, let your customers know. You can do this through social media, email newsletters, or your website. Tell them about the benefits and features of your new service. Ask for their feedback to see if you need to make any changes.

    Maintain Quality and Consistency: 

    When you add new services, make sure they’re as good as your existing ones. Your clients have certain expectations based on your current services. Make sure your new services meet these expectations.

    Evaluate Regularly: 

    Keep track of how you’re doing. Get feedback, look at your financial growth, and track performance indicators. This can help you see how your expansion is going and if you need to make any changes.

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    Final Word

    So, now you can introduce more services to your customers by implementing the mentioned strategies. Building a strong customer base will help you to level up your business operation. You can also contact us for further assistance regarding human resource management and payroll. Reading our previous blogs will also help develop ideas regarding new services.

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    Reference Links:

    https://www.superoffice.com/blog/five-ways-to-deliver-excellent-customer-service/

    https://www.endorphindigital.com/post/7-steps-to-help-build-a-service-offering

    https://www.retently.com/blog/customer-service-tips/

    https://theranest.com/blog/market-new-services-existing-clients/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • The Dos and Don’ts of Hiring: A Guide for Small Business Owners

    The Dos and Don’ts of Hiring: A Guide for Small Business Owners

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    Are you making mistakes when hiring? Employing the right people is key to a successful small business. If you want your business to grow, you need a dedicated team. But, when you have limited time and resources, hiring can be tough. Here are some dos and don’ts to help you make smart hiring decisions.

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    Dos for Hiring in Small Businesses

    Here are some tips for hiring in small businesses:

    Write a Clear Job Description: 

    Before you start hiring, know exactly what you need. This will help you write a job description that attracts the right people. It is to make sure they have the right qualifications, skills, and experience.

    Offer Flexible Work Hours: 

    Strict schedules can be boring and stressful. This can stifle creativity. Offering flexible hours can boost thinking and productivity. You could also consider remote work. This can attract skilled people and help keep them in the company. It also helps to create a good work culture.

    Share Your Company’s Culture and Values: 

    It’s okay to hire people with less skill or qualifications. What’s important is that they fit into your company’s culture and values. Look at their work style, values, and how well they work with others. A team that shares the same values works better together. This creates a productive work environment.

    Hire People Who Love the Job: 

    A person who loves their job can perform better. Even if they don’t have a lot of skills or experience, you can train them. So, hire people who are passionate and dedicated. They will work hard to help your company grow.

    Do Look into the Must Haves Quality of a Candidate:

    Make sure the candidate you choose has the following positives:

    • Past work experience
    • Higher education
    • Skills
    • Positive character
    • Social personality

    Don’ts for Hiring in Small Businesses

    Here are some things to avoid when hiring:

    Don’t Skip the Background Check: 

    A resume and interview can tell you a lot about a person. But, it’s not enough. You need to check their background too. Look at their employment history, qualifications, and certificates. This can help you choose the right person.

    Don’t Rush the Hiring Process: 

    It’s better to take your time to find the right person. Hiring is not just about filling a position. It’s about bringing in new talent. So, take your time to find the right person.

    Don’t Delay Onboarding: 

    Once you’ve chosen the right person, get them started right away. Give them the support and resources they need. This will help them settle into their role.

    Don’t Settle for Less: 

    Hiring people with different skills and experiences can bring new ideas to your business. Try to hire people who can create a dynamic and exciting work environment.

    Final Word

    All these strategies can help you hire the right candidate and take your company to the heights of success. Avoid hiring a candidate based on personal preferences and biases. In case you need professional assistance to hire an appropriate candidate, consider contacting us. For further information on the workings of a small business organization, you can read our blog section. 

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    Reference Links:

    https://www.freshworks.com/hrms/15-tips-for-small-business-hiring-and-5-mistakes-to-avoid-blog/

    https://www.seacoastbank.com/resource-center/business-insights/small-business-hiring-tips

    https://www.snagajob.com/blog/post/a-small-business-owners-guide-to-hiring-your-first-employee-and-beyond

    https://www.business.com/articles/small-business-hiring-dos-donts/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Is Your Customer Service Losing Your Clients? Here’s How to Deliver an Immersive Client Experience

    Is Your Customer Service Losing Your Clients? Here’s How to Deliver an Immersive Client Experience

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    Are your clients not satisfied with your customer service and ultimately switching to your competitor? Customer experience is the key to maintaining a successful business venture. As a responsible customer service provider, you must initiate commendable customer service to improve client retention and business goodwill. Continue reading to know the best strategies to deliver an immersive customer experience.

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    Top 6 Strategies to Promote an Immersive Client Experience

    Several strategies can help you improve your customer service. However, here are the top 6 that can help enhance your customer experience successfully:

    Quick Response is Impressive

    Everyone wants to seek attention and when you provide a quick response to your customer’s issues, they feel valued. However, if they are facing complex issues, it may take time to resolve, but you need to communicate with them in the first place. Resolving their queries and constantly taking note of their issues will help develop better customer relations. This will help your business eventually grow as customers will rely on you. 

    Define Your Brand Values 

    Defining your brand is another way to keep your customers informed about your business and values. You might be representing a high-brand-value product, but until you create an identity in the market, it’s not worthwhile. So, focus on communicating with your customers through compelling advertisement strategies and try to relate to their needs and demands. It will help you reach the target clients easily and create a potential customer base.

    Provide Personalized Offerings

    Personalizing your contacts with clients is one of the best methods to fully immerse them in the brand experience. You can offer them customized discounts and deals as per their needs. This way you can personalize the customer touchpoints to every client’s preferences, demands, and behaviors. All you need to do is use the customer data and create discounts and offers based on their search intent or past purchasing habits.

    Map Your Customer’s Journey

    Another way to improve your customer experience is by mapping the client’s journey. It includes four stages: awareness, consideration, decision-making, and retention. Once you are aware of where your customer stands, you can work in the required fields to provide them with a better experience. So, this way you can visualize how your customers are interacting with your brand and find the areas that need to be improved.

    Introduce the Latest Trends and Technology

    A successful eCommerce business is the result of the latest technology. You need to gather data on how to create an immersive customer experience through technology and software developments. Many AI and machine learning algorithms allow creating of appealing customer profiles by fetching unique data with the help of tools. Moreover, emerging technologies like Augmented reality and Virtual Reality are also working hand in hand to improve immersive experiences. 

    Ask for Their Feedback

    Don’t miss taking down feedback from your clients. Their feedback will help you improve your service and enhance the customer’s experience as well. There may be negative feedback, but don’t get demotivated. Put more effort into improving your customer service and proceed towards a successful business.

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    Final Word

    The mentioned strategies will help you implement an immersive client experience and take your business to the heights of success. Always focus on maintaining active communication with your clients to build successful customer relationships. For professional advice and assistance to improve your human resource management and derive maximum utility, consider contacting us. You can also go through our blogs to gather better knowledge on customer handling and organizational management.

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    Reference Links:

    https://premio.io/blog/customer-experience-for-ecommerce-store/

    https://www.helpscout.com/blog/good-customer-service/

    https://influencermarketinghub.com/immersive-customer-experience/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • 12 Ways How Companies Can Reduce Workers’ Compensation Costs

    12 Ways How Companies Can Reduce Workers’ Compensation Costs

    Are you worried about workers’ compensation costs cutting a high share of your company’s budget?

    As compared to the share a company spends on salaries and employee health benefits, this number is very high. Hence, it is vital to know how companies can reduce worker’s compensation costs. 

    Fortunately, there are many ways to do it that many companies do not know of. The different ways to reduce worker’s compensation costs are discussed below.

    12 Effective Strategies to Reduce Workers’ Compensation Costs 

    Here are a few ways a company can manage to reduce their worker compensation costs effectively:

    Install a Safety Program 

    Document a safety program and also involve the employees to participate in field practices for the same. Employees training on safety and hazard mitigation will help them be active during accidental mishaps. 

    Join Hands with a PEO or Professional Employer Organization

    A PEO will help provide the right guidance by evaluating the safety guidelines of the workplace. Also, joining hands with a PEO will help in training the worker on what to do in an emergency like a fire, etc. 

    Introduce a Return-to-Work Program

    The longer the injured employee takes to come to the office, the higher the compensation costs will be.

    Companies must maintain a return-to-work policy for their employees. Doing so will prevent unnecessary leaves leading to no extra compensatory costs.  

    Establish an Employee Wellness Program

    Companies must implement an Employee Wellness Program to educate their employees regarding workplace safety. 

    It will also help employees take precautionary measures, be alert during accidents, and manage workplace hazards.

    Provide Immediate Medical Solutions in Case of Emergencies

    Companies should be effectively equipped with the needful tools and solutions in case of any emergency. If an employee gets sick this will help curb any long-term medical issues of the employees.

    Ensure Quicker Insurance Communication

    Companies must maintain error-free insurance documentation of the employees. Doing so will prevent any mistakes during emergencies, leading to no extra compensatory costs. 

    In case of any other doubt, the quicker the insurance process, the lesser chances of incurring extra compensatory costs.

    Select the Right Insurance Policy

    Selecting the right insurance means a reduction in higher premium rates. If the market is competitive, choosing an insurance policy that best fits your available funds and resources will help cut unwanted expenses. Additionally, knowing the position of your company will help avoid paying more than you should. 

    Set a Workers’ Compensation Claims Guidelines

    Being thorough with the guidelines will help your company devise the right worker compensation plans. 

    It includes dealing with the right health insurers, verifying claim coverages, and ensuring the paperwork is correct. 

    Abide by the State Policies

    Any company policies must be in tune with the state policies this help avoid penalties. Also, many states give discounts on employee wellness programs and businesses that promote a safer work environment. 

    Instal Social Network Analysis 

    This tool helps an employer track the claims raised by different employees. So, employers can avoid mistakes in documentation, fraud claims, and multiple claims by one employee. 

    Boost the Morale of Employees

    Maintaining a healthy and positive work-life balance helps employees attain higher work productivity. Employees can lead a healthy lifestyle and, in many aspects, reduce the risks of falling sick. 

    Companies can conduct weekly fun-filled activities and other motivating sessions to keep up the morale of their employees. 

    Try to Predict the Costs of Probable Mishaps

    Predicting the costs of possible accidents in the workplace will help companies to allocate a part of their budget to cover these. Doing this will help the business to be prepared beforehand and mitigate it without incurring extra costs. 

    If you need deeper insights into human resource management and professional assistance, contact us. Also, if interested in reading more such topics read our blogs for detailed insights.  

    Reference Links:

    https://www.insperity.com/blog/workers-compensation-insurance-cost/ 

    https://www.hourly.io/post/5-ways-to-reduce-workers-compensation-costs 

    https://www.klear.ai/post/reduce-workers-compensation-costs 

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

  • How Small Businesses Can Offer Big Benefits Packages – 4 Ways

    How Small Businesses Can Offer Big Benefits Packages – 4 Ways

    Did you know a larger percentage of a company’s employees seek additional benefits than a hike in their salaries?  

    Good employee benefits packages have increasingly become a determinant factor in attracting new employees and retaining old ones. Thus, by providing employees with big benefits packages, small businesses have better possibilities to grow. 

    Read on to understand how small businesses can offer big benefits packages even with low-budget funding. 

    Discover 4 Ways How Small Businesses Can Offer Big Benefits Packages

    By implementing these strategies, small businesses will be better able to offer high benefits packages to their employees:

    Applying for Affordable Health Care Schemes

    There are many healthcare schemes provided by the government or other institutes that you can offer:

    The US government has started many low-cost healthcare schemes for small businesses. It aims at helping small businesses ensure that all their employees get covered under health insurance. Additionally, medical insurance is a must factor that companies must extend to their employees.

    Schemes such as SHOP or Small Business Health Options Program aim to give medical health benefits to employees at affordable rates. 

    In addition, many other health insurers provide insurance at zero costs. Since companies (big or small) must give insurance coverage to their employees, therefore these schemes can be a good option for small-funded businesses

    Forming a Partnership with a PEO or Professional Employer Organization

    A PEO helps a small business to cut the costs required to employ HR resources. As PEO have years of expertise in HR duties, they help carry out all the HR-related functions of your company at a lower cost. Hence, a small business can replace its in-house HR department with a PEO. Get in an agreement with a PEO to enjoy the associated benefits:

    It offers an extensive range of tools and resources helpful to employees, which would otherwise cost more for a small business to do it alone. 

    It also provides special employee benefit schemes that it gets by serving different organizations. This helps achieve a quality work atmosphere in a company.

    Ensuring Work-Life Balance for Mental Health Benefits

    Mental health is one of the most crucial elements of comprehensive health coverage. Nowadays, we seek more quality in life than quantity! Achieving good mental health has become one of the most prominent factors in today’s world. So, employees can benefit through:

    One big lookout for employees is to have a positive work-life balance, and so employees can benefit from good mental health. 

    Good mental health is also achievable with modern-day, tech-enabled, and advanced medical insurers. By sourcing coverage with modern-day insurers, small businesses can give more benefits to their employees without high budget cuts.

    A thriving business has increasingly lesser one-to-one employee interaction with the head of the company. It reduces the personal touch between higher authorities and the employees. 

    Taking this as an advantage for small businesses, whereby they can take steps to foster an engaging employee-CEO relationship. Doing so will help the company’s employees to voice their opinions and reduce unnecessary pressure.  

    Maintaining a Joyful Working Environment

    Treat your employees with frequent dinners, company retreats, and more to maintain a joyful working environment.

    It creates a healthy atmosphere that allows higher employee retention and higher recruitment possibilities. 

    Doing so in the long term will help a small business to hold on to its employees and incur high returns. These returns will help channel further ways to earn higher revenue and attain even better and bigger employee benefits packages. So, it will be beneficial for the growth of small companies and their employees. 

    Therefore, with these strategies, small businesses can offer big benefits packages to their employees. Furthermore, if you wish to get these services, please feel free to contact us. Also, in case you are willing to learn more, explore our website’s blog section. 

    Reference Links:

    https://www.paychex.com/articles/employee-benefits/employee-benefits-and-small-businesses#:~:text=A%20typical%20benefits%20package%20for,savings%20account%2Fhealth%20reimbursement%20arrangement.

    https://www.ehealthinsurance.com/resources/small-business/choosing-right-benefits-package-small-business

    https://www.cornerstonepeo.com/post/how-small-businesses-can-offer-big-benefits-packages

  • How to Save Money With a PEO: Find 7 Ways They Reduce Company Cost

    How to Save Money With a PEO: Find 7 Ways They Reduce Company Cost

    Want to save the cost incurred behind your in-house HR team and still be able to recruit quality candidates? This is possible by taking the help of a PEO or Professional Employer Organization.

    PEOs perform similar human resource management activities as the dedicated department of a company but at a lower cost. These include employee payrolls, benefits, compensations, health benefits, and much more. So, form a co-employment agreement with a PEO to save money. Scroll below to gain detailed knowledge. 

    How Will a PEO Help a Company Save Money?

    Take a look at 7 crucial ways by which a company can maximize profits and cut down on high costs.

    Reduce Chances of Incurring Possible Expenses

    Partnering with a PEO for human resource work will allow you to shift your attention to more complicated tasks of the company. As a result, you will be able to focus on more glaring issues of the company. So, you will save avoidable costs and prevent possible company losses.

    Cost Cutting on Employee’s Health Insurance  

    The PEOs get health insurance for a group of different businesses together. Hence, the cost they pay is much lower, as compared to providing health insurance to a group of employees by one employer. When you partner with a PEO, the cost your company may incur will be lesser in comparison to buying health insurance individually. 

    Savings on Internal HR Department

    PEOs also facilitate extending all the roles and responsibilities of an entire HR department to the organization. Shifting the basic HR responsibilities related to onboarding and payroll processing to a PEO will remove the requirement for an in-house HR department. 

    This calls for high savings in your company’s budget expenses. PEO has years of experience in HR services, so you can be assured of quality recruitment too. 

    Lowering Employee Turnover Rate

    PEOs provide many employee benefits as it partners with different organizations to avail such offers. As an employer, you will be more able to grant your employees greater access to new perks and facilities at a lower cost. Hence, you save more on lower employee turnover rates. 

    Avoiding Expensive Budget Cuts – Worker’s Compensations

    Workers’ compensation needs a special mention as the budget cut on these can be pricey. PEOs have many years of expertise in finances and lawsuits, thus, come as a handy tool to ensure no cost-cutting on such mishaps. 

    Enhancing the Culture of Your Company 

    The PEOs will help provide a more enriching work culture for your employees, by providing the tools and resources your company may need. It is also beneficial for your company as it doesn’t need to invest in it and can still have an enriching job environment, thus leading to new employee engagement. 

    Reduce Excess Expenses on Managing Compliances

    Compliances are very common and can easily incur higher costs for your company. Hence, a dedicated PEO department that looks over every minute detail regarding minor employee issues will help lessen these problems and save up on any probable expenses. These issues relate to employee salary deduction, overtime compensation, etc.

    The PEOs are responsible for taking care of employees of multiple organizations. Thereby, it serves as a place for companies to upgrade their business and workplace environment. PEO helps in enhancing the quality of the company’s culture starting from the on-boarding process to working on the office environment, retention, and higher recruitment. 

    Reference Links:

    https://www.lucidchart.com/blog/what-does-hr-do 

    https://www.netpeo.com/faqs/how-can-a-peo-save-your-business-money/ 

    https://www.themissionhr.com/post/5-ways-a-peo-saves-your-company-money 

    https://americasbackoffice.com/how-to-save-money-with-a-peo/ 

    https://makaihr.com/top-5-ways-a-peo-helps-businesses-save-money/

  • Why Does Mental Health in the Workplace Matter? – 5 Reasons to Know

    Why Does Mental Health in the Workplace Matter? – 5 Reasons to Know

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    Are your employees feeling stressed from work pressure? Do you know how their mental health can affect the company’s overall production?

    The workplace environment has been a crucial factor in determining an employee’s mental condition. If employees face unsupportive behavior within the organization, it directly impacts their contribution. This in turn affects the employee’s performance and work efficiency. Continue reading this blog to know how mental well-being can be beneficial for an employee and the organization.

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    Top 5 Reasons Why You Must Have Sound Mental Health in Workplaces

    Your work environment should be friendly and healthy to ensure your employee’s mental well-being. Here are the best reasons why it is important:

    A Sound Mind Can Enhance Productivity

    An employee with sound mental health can always add value to the organization. A happy and healthy workforce can help in uplifting the business with excellent skills. However, it is the responsibility of the employer to ensure a healthy and supportive work environment for the employees. 

    When the mental health of employees is stable it increases their productivity. As per research, companies that prioritize their employee’s mental well-being have outperformed by 10% more than others. 

    To Release Work Stress

    Work pressure can often burden employees with immense stress. With sound mental health, one can release the extra stress and approach things positively. Several workplaces provide relaxation activities and make a separate relaxation space for mid-day breaks. 

    As per the health and safety legislation, employers should ensure that each employee is having a safe, healthy, and relaxing working environment irrespective of mental health. Thus, a responsible employer will always care for their employee’s well-being and focus on releasing their stress through engaging in activities.

    Boosts Decision Making Capabilities

    An unstable mind cannot make the right decisions as it is distracted by multiple thoughts. Thus, it will affect the working abilities of employees and their performance as well. Promoting a healthy work environment will enhance employee engagement and help in developing their skills and capabilities. With a sound mind, one can develop strategic business plans and help in boosting the organization’s growth. 

    Employers can help in improving the worker’s mental health by appreciating and recognizing them for their performances. Moreover, they can offer benefits like flexible working hours, referral programs, etc. 

    Consistency at Workplace

    If employees find their workplace healthy and supportive, they will not opt for frequent job switches. It helps both the employer and employees in maintaining consistency at the workplace. Moreover, it will ensure the goodwill of a company and also improve the employee’s work efficiency.

    Thus, maintaining a healthy work environment facilitates the development of a company. In other words, both the employee and employer can flourish individually when the work environment is mentally supportive and cooperative. 

    Poor Mental Health Can be Fatal

    When employees face immense work pressure and stress it can affect them mentally and lead them to depression. If not taken care of on time depression can be life-threatening. Multiple instances have been found where employees who are unable to handle the work pressure have been mentally distressed. 

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    Final Word 

    It is the responsibility of an employer to ensure every employee is having a safe and healthy work life. With less stress and improved facility, employees can focus more on their work and enhance productivity. If you are facing such issues maintaining workflow balance in your workplace, you can contact us for professional assistance. You can further read our other blogs to know more about workplace management, employee handling, and more. 

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    Reference Links:

    https://www.iod.com/resources/blog/mental-health/five-reasons-why-mental-health-in-the-workplace-matters/

    https://www.betterup.com/blog/mental-health-in-the-workplace

    https://ca.godaddy.com/blog/why-mental-health-in-the-workplace-matters/?gclid=CjwKCAiAr4GgBhBFEiwAgwORrY8y7J9KBbqbrqhfqqtb3ogNxHrgDbvVgK8aXG_uFI9bIG7Y9polgBoCNZsQAvD_BwE

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Five Wage and Hour Violations That May Surprise You

    Five Wage and Hour Violations That May Surprise You

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]Are you paying your employees what they deserve? Do you know underpaying or illegal deduction is a violation of the Wage law?

    Employers often commit wage and hour violations knowingly or unknowingly. However, this can drag them into legal hazards if reported with proof. As a reputed business organization, you should abide by the Labor Wage regulations to maintain a healthy and protected work environment. Read this blog to know about a few common wage and hour violations you must watch out for![/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Top 5 Wage and Hour Violations That You Must Look Out For

    As a responsible employer, you should take care of your employee’s wages and benefits. So, here are the top 5 things you must stop doing to maintain the Labor Wage regulations:

    Illegal Payroll Deductions

    Some employers often deduct wages in multiple illegal ways. In most cases, employers deduct money to compensate for damages that are not associated with employees. These may include shortages in the cash register, property damages at the workplace, the value of tools, etc. Moreover, some also deduct the employment uniform’s price from their employee’s wages. 

    Here, employers must set up laws to discuss the deduction parameters with their employees before deducting their wages. For instance, an employee has worked overtime and is eligible for an overtime bonus. In that case, if you want to deduct any part of his wage, you may have to ask for permission.

    Misclassification of Employees

    As per the law, employees of the company will receive added benefits, overtime payment, and much more. However, in recent years the number of independent contractors in a business organization has increased. Generally, these contractors do not receive equal facilities as the employees of the company. 

    Some employers misclassify their employees as independent contractors to avoid paying benefits. If your company is following any such practices refrain from that as it is considered a violation of the law.

    Not Paying Minimum Wages

    As per the Federal Government, the minimum hourly wage in America is around $7.25. However, some states consider paying a higher rate showing compliance to their employees. On the other hand, some employers violate this law and refrain from paying minimum wages to their employees. This can be seen prevalently in the case of tipped employees. 

    As per the Labor Standards Act, if a worker earns a tip above $30 each month, his minimum hourly cash wage will be $2.13. If any such practices are being followed in your company, stop them immediately. Generally, no employer can deduct more than $5.12 from the wage of a tipped employee. 

    Underpaying the Employees

    Another way of wage violation is not paying the workers per their work. In such cases, employees are working more and earning less. Some employers do not pay the employees for the extra work they do even after their shift ends. 

    Other instances include not paying the employees for the prep work they are doing before their shift starts. Some employers also avoid paying their employees for side work and travel for work purposes. However, these are strict violations of the law and a responsible employer should avoid such practices to maintain his company’s reputation. 

    Not Paying Reporting Pay

    Employees reporting to the office during their shift are eligible for reporting pay irrespective of whether they worked for the day or not. However, some state laws do not include this. This is applicable in case of work interruption due to Acts of God, Government instructions for closure, or an employer closing the shift due to insufficient work. However, if the employee is leaving early due to personal reasons, employers may not compensate him with reporting pay. 

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    Bottom Line

    If you are running an organization and providing employment to several workers, you should maintain the wage and hour regulations strictly. It will keep your employees satisfied with their deserved wages and also mark your company’s goodwill. If you need expert advice and suggestions regarding the wage laws, you can contact us. Moreover, you can read our blog section to get a detailed overview of these violations and ways to stop them.

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    Reference Links:

    https://wageadvocates.com/7-labor-law-violations/

    https://inspiringhr.com/five-wage-hour-violations-that-may-surprise-you/

    https://www.katzmelinger.com/blog/2020/06/5-common-wage-and-hour-violations/[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.[/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • How to Stop Overpaying Taxes? – 5 Strategies to Save Company Cost

    How to Stop Overpaying Taxes? – 5 Strategies to Save Company Cost

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]Are you facing difficulties in filing your business tax? Do you want to know where can you save money while paying taxes?

    Business organizations often face challenges while filing their taxes. Without a proper estimation of your taxable income and payable taxes, you may find it daunting to pay off your taxes on time. As a result, you may need to pay hefty penalties and end up overpaying taxes. Continue reading this blog to know the best strategies to avoid overpaying taxes.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Top 5 Strategies to Avoid Overpaying Taxes

    Follow the below pointers to save yourself from paying any extra amount of tax or penalties:

    Know Your Obligations

    With better insights into federal, state, and local tax obligations you can keep away from overpaying taxes. IRS audits businesses on a given financial year and every organization must pay their taxes on time. If you fail to pay the tax on time, you can attract penalties, or your business can be scrutinized. So, you can log in to the websites of the IRS and SBA to know about the obligations regarding tax forms, due dates, instructions regarding tax filing, etc.

    Estimate Upcoming Year’s Income

    Estimating your company income for the next year can help in getting a clear idea of your payable taxes. Thus, you can plan your finances accordingly and refrain from overpaying taxes. You can take help from professional financial advisors or estimate your income from the yearly W-2 that provides detail of your yearly revenue.

    Go for ‘Safe Harbor’

    Taking advantage of the ‘safe harbor’ can be ideal for taxpayers who are expecting a much higher or lower income in the upcoming year. By paying ‘safe harbor’ you can stay away from paying penalties. It is a minimal amount that does not burn a hole in your pocket. Moreover, if you fail to pay the taxes, fulfilling the safe harbor target will keep you protected from overpayment issues. 

    You can approach paying safe harbor in two ways. Either you need to pay 100% of the previous year’s tax or 90% of the next year’s tax. You need to divide this amount into four equal parts and pay the ‘safe harbor’ accordingly.

    Calculate the Estimated Deductions

    Deductible expenses include professional expenses, mortgage interest, dependent exemptions, etc. Calculating the tax deductions for the upcoming year can be another way to stay protected from overpaying taxes. In this way, you can predict your eligibility for deductible expenses in the upcoming year. 

    If you want lower deductible expenses in the upcoming year, you can reduce some deductions. For instance, you can reduce mortgage interest. Enquire about the next year’s expenses from the lender and pay off the maximum amount to reduce the interest. However, if you are unsure about any deductions in the next year, exclude them from the tax estimations.

    Determine the Payable Tax

    You can use the IRS tax table to determine your estimated tax payment. Your taxable income is decided after deducting the average gross income from your total income. After you get an idea of the taxable income use the tax table published by IRS on the previous year to determine your payable tax. You can use this table easily in the following way:

    • Know your estimated annual tax.
    • Divide the payable amount by the total paychecks you get in a year.
    • You will receive the amount you need to deduct from each paycheck to reach a $0 return.

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    Final Word

    If you find the above strategies hard to follow, hiring a professional can be fruitful. Though you need to pay them a charge, the amount you save from overpaid taxes will be worthwhile. Moreover, they will guide you to keep away from simple mistakes and pay penalties. So, if you are looking for any professional knowledge in this area feel free to contact us. Besides, if you want to know more about such company operation-related topics, browse our blog section.

    Reference Links:

    https://www.linkedin.com/pulse/how-avoid-overpaying-your-taxes-strategic-tax-planning-arron-bennett?trk=pulse-article_more-articles_related-content-card

    https://www.keepertax.com/posts/overpay-estimated-tax

    https://www.purposefulfinance.org/home/Articles/2017/stop-overpaying-your-taxes

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    Find out if a PEO is the right solution for your business.
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