Let’s face it: for a small business, payroll management can be the most stressful task in your month-to-month operations. There’s so much minutiae, so much paperwork, and so many rules & regulations. It can be incredibly time consuming, but you absolutely cannot take any shortcuts… the stakes are far too high. If you make a… Continue reading When To Outsource Your Small Business Payroll
There’s something to be said for starting off on the right foot, and if your onboarding process is antiquated, cumbersome or not representative of your company’s capabilities and culture, it can send the wrong message from the get-go. A well-defined but flexible onboarding process can be the difference between a new star employee and having… Continue reading Remote Onboarding in the Modern Age
An important question to ask yourself when dealing with employment (and really any business-related paperwork) is how long are you required to keep the records? Unfortunately when it comes to record retention, there is a myriad of answers and a multitude of regulations for different scenarios. We’ve summarized the most common federal laws that relate… Continue reading Employment Record Retention: What Are the Federal Laws?
It might sound like common sense, but you’d be surprised how many firms underestimate the importance of competency-based interviews. Ongoing research shows that competency-based hiring procedures not only improve the initial quality of hires, but also increase employee retention levels and grants access to wider, more diverse field of potential candidates. Surveys show employers note… Continue reading Introducing Competency-Based Interviews at Your Business
Lockdown furloughs forced a large cohort of hourly workers out of their jobs, and because hourly workers don’t tend to be married to their industry, there’s a massive bidding war going on right now for their employment. That means if you’re hiring for an hourly job at your company, you’re not just competing against the… Continue reading Employee Retention in a Competitive Market
The decision to outsource your payroll can seem like a difficult one, but it’s well worth it. Not only will outsourcing your payroll to Capital Payroll Partners save you untold amounts of time, but you’ll also be insuring that your business is compliant with ever-changing regulations. That all sounds great, right? Here’s even better news:… Continue reading How Easy is it to Outsource Your Payroll?
Large businesses of 500+ employees are typically able to have their own, in-house payroll department, or have big money deals in place with the payroll giants to handle it for them. But the vast majority of small and medium businesses are not able to fund their own payroll department (complete with salaries, benefits, insurance, etc… Continue reading Why Choosing a Local Payroll Provider is the Right Decision for your Business
Bonuses and incentive programs are some of the best ways to motivate employees. However, in order for them to work, they must be equitable, realistic, achievable, and concise. Therefore, a successful bonus program must be thoughtfully designed. Boiled down, a bonus is simply extra money, paid to employees, in addition to their wages or salary.… Continue reading How to Create a Successful Bonus Program
Determining the optimal salaries for new employees can be a complex calculation – and the math can change employee-by-employee… even at the same position/level. In order to minimize turnover, you need to set a range for how much employees in each position should be paid. This range is based on your expectations out of the… Continue reading Choosing the Right Salaries for New Employees
Are you sure you’re classifying… and paying… each of your employees correctly? The determination between whether an employee is a standard employee or an independent contractor has always been a source confusion and frustration. It’s essential for businesses to get it right, because the consequences can be costly. Fortunately, the IRS has some fairly clear… Continue reading Are Your Employees… Employees?