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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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7 types of insurance every business owner needs

Insperity

It also provides legal protection for business owners , including protection from employee injury lawsuits. Sometimes referred to as errors and omissions (E&O) insurance, professional liability insurance is a must for business owners who work directly with customers offering services or advice. Professional liability.

Insurance 218
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Business owner beware: FLSA compliance and personal liability

Insperity

The nuances between what legally constitutes a person and an employer aren’t always clear-cut when it comes to FLSA compliance. Because the burden of proof for FLSA compliance lies with the employer, not the employee, it’s vital for businesses to maintain accurate records related to hours worked and wages paid.

Legal 177
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20 of the best small business appointment scheduling tools and apps

Ruby

It can even help you win more opportunities and close more sales. For many businesses, it’s how you “get in the room” (literally, if we’re talking about an in-person meeting). So, which scheduling tool, app, or software is right for your business? A free, ad-supported, and feature-limited plan is also available.

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Small business exit strategy: what it is and why you need one

Ruby

Types of exit strategies Business sale Selling is a popular if sometimes tricky option. There’s almost always an investor—or a competitor—waiting in the wings to snatch up a strong, established business if it’s turning a profit and the price makes sense. Liquidate the business’s assets and close the doors for good.

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5 key co-employment nuances that employers must understand

Insperity

Co-employment is the legal structure that professional employer organizations (PEOs) and their client companies use to share HR responsibilities. Each has their own cost, sales rep, help line and quirks. Risk mitigation for small businesses. That means manually entering data from one system to another.

Payroll 168
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How to do a company SWOT analysis, and why it matters

Insperity

Instead, the themes produced in the SWOT analysis inform and are weaved into: Overall business strategy Department goals and objectives Individual employee goals and objectives Change management plans Marketing and sales plans Legal strategy Hiring and training initiatives. Benefits of performing a company SWOT analysis.