Remove Insurance Remove Maintenance Remove Technology
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Out of office: 8 pros and cons of being a fully remote company

Insperity

Rent or mortgage payments, utilities and related expenses such as insurance and maintenance costs add up quickly, limiting growth opportunities and profits. Pro: Technology is on your side. Despite the cost-savings of decentralizing your office, you may end up increasing your budgets for team building, travel and technology.

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Business owner beware: FLSA compliance and personal liability

Insperity

And if you think insurance can shield you from such expenses, think again. In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. Control or maintenance of employment records. Staying compliant.

Legal 177
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What to think about with Start-Ups as an Office Manager

The Office Management Group

Insurance is key too, employee liability insurance, public liability insurance if members of the public come to your office/workplace and perhaps directors and officers, professional indemnity and contents insurance. Make sure the employee liability insurance is displayed in your office!

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When should you hire an HR manager, if at all?

Insperity

Are you meeting all the regulations and requirements for documentation, insurance and more? The technology option. HR technology often offers additional materials that assist in educating employees. If you don’t continue to use the technology or if it becomes obsolete, what happens to that data? The in-house team.

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Jack of all… master of SOME!

The Office Management Group

What it means is you cannot be an expert in how your air-conditioning system works, how it should be cleaned and serviced, nor can you be an expert in what sort of chairs are out there and the many functions of them all or an insurance or rates whizz who knows exactly what the best products are out there for your business.

Payroll 130
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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. That’s not to say technology is flawless, however. Good payroll providers offer access to a dedicated payroll consultant, 401(k) plans and compliance assistance.

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What’s the best way to spend your tax refund?

Work Life

For example, “you could use your refund to invest in maintenance and repairs for your current vehicle,” he says. This kind of preventative maintenance and proactive repair will keep your car running for longer. Similarly, Russell recommends upgrading any technology you may rely on daily, such as your laptop or phone.