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7 types of insurance every business owner needs

Insperity

A business leader can’t eliminate all risks, but insurance can provide some cover should the sky begin to fall. Despite this, insurance is an area where owners often try to skimp on the type of insurance they pay for or the amount of coverage they choose. All states except Texas require businesses to carry workers’ comp.

Insurance 229
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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 professional employer organization (PEO) pricing works

Insperity

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., Small Business Administration. Administrative fees.

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5 reasons to cultivate strategic business partnerships

Insperity

A strategic business partnership is not a business relationship that looks to exchange or extract value for your business from the other organization. A small business, for example, might partner with an industry-specific organization or association in order to reach a specific target market.

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3 ways outdated payroll processes hurt your business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. Increased efficiency, added safety and convenience are big reasons more and more businesses are utilizing payroll processing software. Using payroll software.

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10 Rules for Employee Retention Your Competition Will Hate

Insperity

Outside of health care insurance, research ways to offer your employees a wider variety of benefits. If your business resides where a majority of your employees use public transportation, consider offering commuter assistance. Are there any tools, equipment, software or resources that could make their job easier?

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What AI can—and can’t—do for your small business

Ruby

Since its launch in late 2022, the generative AI chatbot has become the fastest-growing consumer software app in history, enabling anyone to ask questions, write articles, and generate code ( among other things ) in seconds. Many connect with your favorite video conferencing software (Zoom, Google Meet, Teams, etc.),