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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

of an employees’ salary, according to the U.S. Small Business Administration. Every PEO company prices their services differently, and you’ll find vast differences in the level of HR support and type of technology each PEO will offer. Employer overhead (in excess of compensation) typically costs between 1.25% and 1.4%

Payroll 247
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Business owner beware: FLSA compliance and personal liability

Insperity

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. It’s not uncommon for small businesses to have informal work arrangements, incomplete or non-existent job descriptions, or no employee handbook at all.

Legal 187
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8 HR KPIs to measure in a post-pandemic workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000. Diversity, equity and inclusion (DE&I).

Mentoring 255
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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.

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Why your promotion might come with more pressure to return to the office

Work Life

According to a recent study conducted by hybrid work software provider Scoop, nearly three quarters of organizations that employ fewer than 500 employees offer full flexibility over where to work, compared to just a third of medium-size businesses and 17% of those with more than 25,000 staff.

Promotion 111
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10 Important Hybrid Work Statistics to Know in 2024

Office Space

Embracing flexible work arrangements can lead to substantial cost savings on real estate, which can be redirected towards other areas of the business. Hybrid Workspaces and Technology The technology industry has been at the forefront of hybrid work policies over the past several quarters.