Are You Accidentally Paying Employees for Lost Time?
Tracking employee time and attendance should be a fundamental process within any business. Yet many business owners don't track time, or they rely on manual self-reporting to capture workforce schedule details. It's easy to assume that you know how long your employees are working during a typical 9-5 day. But in many cases, assumptions don't correlate with reality and businesses lose significant value by paying employees for time that they didn't actually work. Let's take a closer look at how to determine if you're paying too much for time that your staff's not really working.
Read more: Are You Accidentally Paying Employees for Lost Time?Business Continuity: Checklist to Prepare for a Big Storm
Every area of the country experience natural disasters. Yet many businesses don't have a plan. By planning ahead, your business can save both time and money when working to keep your business online during an actual emergency.
Developing an emergency preparedness plan will help ensure that you've taken every step possible to ensure that your employees are safe, your facilities unharmed, and your business is back online as quickly as possible.
Here is a sample emergency preparedness checklist to have on hand:
Read more: Business Continuity: Checklist to Prepare for a Big StormOutsource Bookkeeping At Data Centre
1. Consider outsourcing your accounting functions at Data Centre.
Here's why:
· Outsourcing frees up time and resources to focus on business strategy and goals.
· Outsourcing allows businesses to tap into the resources and expertise of the outsourcing company.
· It can reduce operating costs.
2. Since accounting is not one of your core competencies, it may make sense,
Read more: Outsource Bookkeeping At Data CentreThe Benefits of Outsourcing at Data Centre
Outsourcing, the practice of using outside firms to handle work normally performed within a company and it’s a familiar concept to many entrepreneurs. Companies routinely
outsource their payroll processing, accounting, distribution, and many other important functions often because they have no other choice. Many large companies turn to outsourcing at Data Centre to cut costs.
But not many businesses thoroughly understand the benefits of outsourcing.
Outsourcing at Data Centre can provide a number of long-term benefits:
Read more: The Benefits of Outsourcing at Data CentreInnovation: Small Businesses Live It, Big Businesses Buy It
For those entrepreneurs thinking they can just sit back and let their business run its course, here are a few reasons why you should be constantly thinking about innovation.
i. It is necessary for survival.
Small businesses and startups are the breeding grounds for innovation. Unhindered by the same tethers that hold down big businesses, these companies are able to innovate in ways that their larger counterparts cannot. In fact, innovation is a necessity for small business. They
Read more: Innovation: Small Businesses Live It, Big Businesses Buy It