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The 10 small business tools you didn’t know you needed

Homebase

It’s a secret every business owner knows: having the right small business tools to stay organized is key to saving time and money. Team meetings, onboarding, time sheets, payroll, coordinating your manager’s sick leave. Along with the flexibility to make your own schedule, you’re able to create the life that you want.

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How to run your small business using Homebase’s suite of tools

Homebase

From time clock apps to employee satisfaction surveys, read on to learn more about how business owners are staying on top of their tasks, schedules, and payrolls, all while keeping employees happy, and their budgets and timelines on track. Payroll is the actual process of paying your employees.

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Broker Forum: Addressing 5 Key Technology Pain Points

PlanSource

According to a 2018 BLS report , employer costs for employee compensation averaged $35.87 With benefits being the largest component of labor costs outside of wages, workflow automation is critical. HR teams use several methods to incentivize behavior that lowers the cost of providing insurance. per hour worked. of the total).

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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

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Broker Forum: Addressing 5 Key Technology Pain Points

PlanSource

According to a 2018 BLS report , employer costs for employee compensation averaged $35.87 With benefits being the largest component of labor costs outside of wages, workflow automation is critical. HR teams use several methods to incentivize behavior that lowers the cost of providing insurance. per hour worked. of the total).

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Student Loan Repayment 101: The Lowdown on 2020’s Hottest Employee Benefit

PlanSource

They key to these programs is that the employer contributions are applied directly to the loan principal , which will help employees chip away at the balance and pay off their loans faster. Most employers pay the benefit monthly , though you could also choose to offer the payment quarterly or annually depending on your preference. .

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The complete guide on how to run a daycare successfully

Homebase

And as more dual-parent homes need two salaries to meet the rising cost of living, and the number of single-parent homes increases, the need for childcare increases too. Consider the industry averages for wages and payroll to give you an idea of what you can plan to spend on payroll. of its workforce and has yet to bounce back.