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Tag Archives: Payroll

How To Make Sure Your Staff Are In It For The Long Haul

tug-of-warThe best businesses have loyal staff that have been there since day one. They know the company like the backs of their hands and no situation or problem is unfamiliar to them. The longer you have worked somewhere the better you know the role and the company and there for the better you do your job. Every employer would love to have staff stick around for years to come but people often become bored and move on. So how can you ensure your staff stick with you through thick and thin?

Set Out  A Clear Career Path

Many companies loose staff because of the lack of progression they offer.  People do become tired of doing the same thing over and over and if there is no opportunity to move forward they will seek opportunity elsewhere. As a business owner you should encourage your staff to apply for promotions and work their way up in the company. In order to keep staff happy and motivated you should set out a clear structure when it comes to moving up the ranks.

Offer Rewards

It can become very tiresome for staff if they work hard and that hard work constantly goes unrecognised. A simple thank you or well done is a good start and goes a long way, but a great way to really keep staff happy and motivated is to offer small rewards for good work.

Consider monthly awards in the form of a title and a small gesture such as a bottle of wine or vouchers, for example ‘employee of the month’. This means your staff will get the recognition they deserve and is an excuse for a fun monthly get together.

Consider Staff Quarterlies

A great way to say thanks is to host an evening of fun once every three months. It is something for staff to really look forward to and is a great way to encourage staff bonding. You don’t have to do anything huge, maybe just put some money behind a bar or book a meal. Tell everyone the date and time and see your staff let their hair down for a night of fun.

Offer Bonuses

At the end of the day your staff are there to earn money, and money does make people happy. A great way to encourage staff to go above and beyond at work is to offer bonuses measured by how well they are doing.

Staff really appreciate being paid on time and the right amount. Mistakes do happen but that can cause great problems when people are expecting money. Ensure these mistakes don’t occur by making use of payroll services to keep staff happy.

Eilidh MacRae works for Trace Payroll who offer payroll services.

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How Outsourcing Can Make Your Business Work Smarter

For small business owners there comes the extra burden of dealing with all the ‘back office’ stuff.  From paperwork to invoices, stock control and payroll, it can quickly mount up becoming a time sapping, resource consuming monster!  But is outsourcing some of these jobs a good idea for the small business and can it help to make you more efficient?

For any business considering outsourcing it is often their payroll that comes up for consideration first.  Payroll systems these days rely on complex software programs to calculate payable hours, salaries, deductions and bonuses, it is therefore one of the easiest ‘back office’ tasks to outsource to an external company.  However there are pros and cons to this and they should be weighed up first before any decision is made about outsourcing.

The pros for outsourcing your payroll for instance, add up to the following:

  • There are significant cost savings to be made by outsourcing, most notably in hiring staff to manage it for you, investing in the necessary software and equipment and in IT systems as well as IT support.
  • Time is a valuable resource to the small business owner so outsourcing elements like the payroll will free up valuable time for other tasks.
  • For businesses who experience strong growth and expansion, outsourcing the payroll means they will already have in place systems to cope with an increased workforce and payroll. This will give greater flexibility when it comes to expanding a business.
  • One of the key benefits to outsourcing is knowing just how much the service will cost.  The cost of keeping your payroll in-house can be difficult to manage and many business owners find it impossible to put a figure on it.
  • For many there is one reason only to outsource to companies like Calgary payroll firm Payweb and that is to save money.  Because outsourcing is typically cheaper than running it in-house businesses can free up some much needed capital to reinvest elsewhere.
  • Finally outsourcing payroll services means your payroll will be handled efficiently with the latest software and by professionals who will ensure it is produced correctly.

So what about the cons?

Actually these are few and far between but they still need to be considered.  Two key areas of concern include the ability to access employees records relating to pay and taxes and allowing third parties access to personal and confidential employee information.

Because the pros do far outweigh the cons outsourcing is something small businesses should consider to help them work smarter and in a way which will allow them to free up time and money.

Written by Georgina Clatworthy, a freelance writer writing on subjects relating to business, marketing and technology.  Although I am not connected to the company, I can fully recommend employing the services of Payweb, an experienced payroll outsourcing company.

 

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