If you’re a business owner, much of your life revolves around your business. You’ve put blood, sweat and tears into making your business grow and succeed. Choosing companies to partner with for HR and payroll is no simple task. After all, you’re handing off some of the responsibilities to someone who doesn’t know your business as well as you do. However, allowing another company to handle administrative duties gives you the time to focus on what really matters – bringing in new business and watching your company flourish.
Going through all of the services an HR and payroll company offers can be daunting. If you’re looking to outsource some of this work, here are four services that can greatly benefit your business and help make it more efficient:
As a business owner, you’re responsible for everything – from ordering office supplies to managing payroll. Employee self service allows employees to manage their benefits information, update their personal information and print paystubs. It gives them the freedom to do this whenever it is convenient for them, without having to bother HR (or in a small business’ case – you). It automates many HR tasks and turns basic, but time consuming tasks, into a simple automated process. Employee self-service allows employees to manage their own personal information so you can focus on other important duties.
Time and Attendance
If you’re in an industry that commonly requires employees to track time, such as IT or marketing, you may benefit from using a time and attendance solution from your payroll company. Time and attendance software allows your employees to track time on their computer or phones and comes in several different formats, such as electronic timesheets and biometric time clocks. Time and attendance software also allows you to monitor your employee’s paid time off, and it allows employees to see balances before they request time off. Time and attendance software can also help you make sure that you’re in compliance with wage and hour regulations by giving you access to labor reports and timecard records.
Human Resources Management
Let’s face it: as a business owner, you probably don’t have a ton of experience in HR management. That’s okay. HR for small businesses is complex, and it involves more than just hiring and paying employees. HR problems usually occur when you least expect it, and they’re often time consuming and costly. Using an HR management solution can help assist you with the tasks that you don’t have time to manage and the ones you don’t fully understand. An HR management solution can help guide you through questions you may have while giving you the administrative freedom to manage your business. An HR management tool will also make sure you have the right procedures and processes in place to help your business steer clear of compliance issues.
Payroll and Tax Services
This one is a given, as outsourcing your payroll and tax services can greatly improve efficiency in the workplace. Payroll is one of those areas where you don’t want to make any mistakes, and there’s nothing worse than an employee not getting paid on time or not getting paid the right amount. Outsourcing your payroll means not having to worry about this and having peace of mind knowing your company’s data is private and secure.
For business owners, it can be daunting to outsource your HR or payroll, but doing so will greatly improve your efficiency and will give you time to focus on your biggest investment – your business.