The outdated method of manually collecting employee data makes businesses vulnerable to errors, costing them time, money, and effort better spent elsewhere. It also creates opportunities for time theft, which, according to The American Payroll Association (APA) and Zippia, affects 75% of businesses, costing them up to billions annually. Thankfully, mitigating these risks is now ...
From the bottom line to top line, inflation is top of mind. For many, the last few years may have felt like an almost perfect economic storm for many small businesses. Inflation rates and resignation rates have been high in 2021 and 2022. Many employers were caught off guard by how many employees began to quit ...
Thinking About the Road Ahead: The first quarter of the year is when many people begin to plan out their goals and New Year’s resolutions of what they hope to accomplish the rest of the year. This requires them to reflect on their personal and professional goals, which leads to determining what their priorities ...
Mitigating Financial Risk: In an increasingly online—and thus instantaneous—world, businesses need to digitize processes as much as possible to keep up. Considering the critical importance of paying employees, perhaps no process is as ripe for digitization as payroll. Establishing electronic payment processing for your employees simplifies both your life and theirs, as it allows ...
The Challenge: Owning and operating a small business is incredibly rewarding, but it’s not without its challenges… Small business owners wear many different hats. Often, they play the lead role in many areas that larger companies have entire departments to manage. With so much individual responsibility, it’s easy to get lost in daily ...
In recent months, the economy has started to rebound from the COVID-19 pandemic. More jobs are opening up for those who are unemployed, and many people are taking the chance to switch careers, as well. As a company, all of this movement in the workforce can make it increasingly difficult to recruit top ...
Digitizing Operations: Technology has been a driving force in the business world, especially in recent years. When the world turned upside down due to the COVID-19 pandemic in 2020, businesses scrambled to quickly transition to operating remotely, resulting in operation digitization across the globe. Aside from the remote work transition, the focus on high tech has ...
It may be too early, or perhaps too hopeful, to refer to a “post-COVID-19” world just yet, but we’re going to! COVID-19 has changed the ways in which nearly all organizations operate, and many of these changes will be long lasting. So, we’ve compiled a list of the top post-COVID-19 work trends to watch for ...
Here at Payroll Medics, our trusted advisors are often asked tough HR questions and we wanted to share a recent HR Q&A with you. In general, yes, employers may require the use of vacation/paid time off (PTO) and restrict its use. We always recommend you check for state and local paid sick leave laws, restrictions ...
Voluntary Benefits Unlock the Door to Achieving Employee Goals It’s an employee’s market at the moment—one in which employers go head-to-head in the hiring arena to attract and retain the best and brightest talent. To stay competitive and increase satisfaction after the hire, many companies are looking beyond basic benefits offerings to provide a ...
