Payroll isn’t nearly as simple as just paying your employees. Payroll management encompasses several different steps and responsibilities. Each part of the payroll process requires you to take certain actions or make decisions that impact how your employees are paid and ensure that your business is compliant with any government regulations that apply.
As a small business owner, it’s your responsibility to either take care of each of these steps—or find a trusted company that provides payroll services for small businesses. Here’s a guide to help you learn what it takes to properly manage payroll for a small business.
Thanks to technological advancements in the modern workplace, remote work, or work-from-home (WFH) jobs have become increasingly more common. According to the Global Workplace Analytics’ analysis of 2018 American Community Service data, work-from-home jobs have grown 173 percent since 2005—11 percent faster than the rest of the workforce. Remote work has likely grown even more so as a result of the 2020 outbreak of COVID-19, which prompted many employers to shift to a remote work model to limit the spread of the coronavirus.
Telecommuting can be an attractive work option for both employees and employers. For employees, flexible work hours and more time to spend with family can make remote work an ideal situation. For employers, hiring remote workers can save money and increase productivity if you manage your remote team effectively.
As more businesses implement work-from-home policies, employers will need to consider how the trend will impact HR initiatives. Here are some best practices for managing HR for remote employees.
My experience as an intern at GMS has been nothing short of amazing. In the three months that I’ve been here, I have had times of information overload—in a good way—and times of building relationships. When I talk to my friends about their internship experiences and they begin to explain the tasks they have to complete, I often hear “I just sit at a computer all day and do boring stuff” or “I actually grab coffee for people and organize things for my boss.” When they return the question back to me, it feels a little bit awkward because I could go on forever about what I do here at GMS. So, what has my summer looked like so far at GMS?
Welcome to GMS! I am so excited for you to start your career with such an amazing company. I was a summer intern in 2018 and learned so much from the people at this company. I figured I’d give you a heads up as to what’s to come.
You’ll feel overwhelmed for sure in your first week. Any time you start something new, you’ll feel that way. Don’t worry though, your new co-workers will help you through it all.
“How has your internship been going?” I’ve been asked this question more times than I can remember this summer. Family and friends have been seeing my social media posts all summer and are curious as to what I’ve been learning.
When I was asked this question for the first time, I took a long pause—not because I didn’t know what to say, but because I didn’t know how to put it into words. How do you put into words that you’ve learned more about yourself in 10 weeks than you have your entire life? How do you tell your family that you now have a second family in the office? How do you say that you’re sad to leave your internship when your senior year of college is approaching?
If someone at the beginning of the summer told me that I would feel like this about an internship, I never would have believed them. As I’m getting ready to go back to college, I’ve realized that GMS and the people there have had such an impact on me and have taught me more than I ever expected. These are the top three things they’ve taught me.
A small act of recognition can make a big difference for an employee’s morale. When Forbes reports that nearly two-thirds of employees would "likely leave their job if they didn't feel appreciated," these gestures can help you retain happy, talented employees.
While recognition is a good goal, you also need to make sure that these efforts make sense for your bottom line. Fortunately, there are plenty of good rewards that won’t break the bank. Here are five low-budget ideas that small business owners can use to show employees their appreciation.
When your employees are ailing, your business is also likely to suffer. The health and wellbeing of your employees can play a big part in your company’s success, as a happy, healthy workforce has several benefits, including:
- Increased productivity
- Reduced absenteeism
- Decreased medical costs
Many small business owners have turned to workplace wellness programs to help improve the wellbeing of their employees. Over time, these programs have evolved to address specific issues to better serve employers and their employees. Here are some recent wellness trends than may be a good fit for your business.
You can’t control Mother Nature, but you can take steps to protect your company. Summer heat is a serious threat for any business that operates outdoors, as thousands of workers suffer from heat illnesses each year.
While you can’t control the heat, you can take measures to protect your employees from heat stroke and other serious health issues. Follow these heat safety tips to help protect both your employees and your business this summer.
When small business owners decide to offer health insurance to their employees, they don’t have to find a plan by themselves. The process can be very complicated for people without an intimate knowledge of how health insurance works, so owners typically turn to brokers or PEOs to guide them through the process. While both PEOs and brokers have the same general goal—to find you quality, affordable health insurance for your business—they work in different ways.
With the soaring costs of healthcare in the U.S., many citizens feel they are left with little to no alternatives when it comes to significant surgeries and procedures. This has helped propel many to look into the latest trend of “medical tourism” in an effort to get the operations they need without breaking the bank.
Citizens may be uneasy about the idea of receiving care outside of the United States, but there are some great facilities and specialists in other countries where the same level of treatment—or even better in some cases—can be received at a fraction of the price. That was the case for GMS employee Christine Mace when her husband Dan required hip surgery back in 2016.