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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. Explore the benefits of HR outsourcing below to find out if outsourcing human resources is right for your small business.

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How to Create a PTO Program

Insperity

If you have a results-driven company culture , trustworthy salaried employees, and the technology to support that level of flexibility, it could be a great, maintenance-free PTO option for you. Despite the somewhat complicated arrangement, it has served the company’s and the employees’ needs very well. Prefer more structure?

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2021 tax deduction checklist: 10 expenses small business owners can write off

Ruby

Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for small businesses like yours. With January in the bag, most small business owners have sent out tax forms to their employees and independent contractors. Or upgrade your equipment.

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6 Reasons Men Are Not Working as Much as They Used To

Success

Corporate loyalty is a thing of the past (in both directions),” adds Robert Longley , a business consultant in Williamsburg, Massachusetts. More women in the workforce can mean fewer job opportunities and, in some cases, lower salary options for men—which seems to be a barrier for them.

Cubicle 116
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How to Choose an Employer-Sponsored Retirement Plan

Insperity

There are several types of retirement plans that your small business could potentially offer; each functions differently and carries different benefits. 401(k) is the most well-known retirement plan available to any business. The employer is required to contribute at least two percent of the employee’s annual salary to the plan.

Planning 100
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

Estimates suggest that most small business owners make an average of $40,000 a year in their first five years in business. The good news is that you can make a salary even if your business isn’t profitable. You should consult your own tax, legal, and accounting advisors. I recommend 1.5

Finance 111
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The ultimate guide to employee engagement

Work Life

It definitely doesn’t measure performance or improve business outcomes. “In reality, companies should be striving for engaged employees, not just satisfied employees,” says leadership consultant Abbey Louie. “People need to see where they’re going in the organization,” he says. ” 6.