Terminating Employees Legally and Gracefully One of the unpleasant realities of running a business is that occasionally an employee does not work out because of incompatibility, performance, or any number of other issues. Firing an employee is never easy. An attorney or a labor-relations specialist can offer suggestions on how to handle the termination and […]
The Benefits of Outsourcing for Small Businesses Outsourcing — the practice of using outside firms to handle work normally performed within a company — is a familiar concept to many entrepreneurs. Small companies routinely outsource their payroll processing, accounting, distribution, and many other important functions — often because they have no other choice. Many large […]
Meaningful, ongoing benefits are good for employees, team culture and your bottom line Not all that long ago, employees were happy simply to get a paycheck. Benefits were nice, but they were just that — benefits, not necessities. Today, employees expect health and dental insurance, retirement plans and more from their employers. While providing benefits may […]
Is there an ideal percentage of revenue that should go to payroll? In my opinion, anyone who claims such a thing exists is full of it. Truth is, the figures vary widely among not only entire industries but also among the companies within them. Some industries pay low wages but have high rates of employee turnover (fast […]
