June 16, 2017
With the number of pressures on small business owners, it’s hard to find time to think about the future of your business. It’s even harder to plan a future without you at the helm. But retirement is inevitable, and for those unforeseen circumstances that crop up, it’s good to know there’s a plan in place to protect the company.
Your priority as a business owner may be to grow and develop your business for generations to come. With that in mind, here are three best practices to take action now to protect the future of your business.
June 15, 2017
On May 30, 2017, Ontario Premier Kathleen Wynne announced that the province will increase the minimum wage from 11.60/hour (effective October 1, 2017):
These changes will make Ontario the second province (Alberta was the first) to publicly target a $15 minimum wage.
May 31, 2017
According to the annual report, Freelancing in America 2016, from Upwork and the Freelancers Union, 13.5 million people took gigs outside of their primary full-time job responsibilities last year.
In other words, 25% of traditionally employed full-time workers were moonlighting as independent contractors in 2016.
Overall, freelancers contributed an estimated $1 trillion in earnings to our economy. That said, it doesn’t appear as though freelancing, or what many refer to as the “Gig Economy,” is going away any time soon.
May 23, 2017
As an HR/recruitment professional, you spend a lot of time, energy, and money trying to attract the right talent to your organization. But are you paying enough attention to what, in my opinion, is the most powerful attraction tool in your kit; your organization’s employment brand? A recent study from Glassdoor found that a strong employer brand not only attracted more applicants but those applicants would consider a job offer with a lower salary.
In the past, companies were able to craft their own employer brand messaging and present it behind closed doors during the interview process. The Internet has given job seekers access to an unprecedented amount of information. This means that often times job seekers have already made up their mind about a company before speaking to a Recruiter/HR or Hiring Manager.
How does this affect HR/recruitment teams? What can they do to turn this risk into a benefit?
May 1, 2017
Many of the small business owners I talk to use spring as an opportunity to take stock of what’s working, what’s not, and what can they invest in to take the business to the next level. It’s also a time when many of us start thinking about how to balance a need to grow the business with a desire to spend more time outside with the family.
When I ask our customers to tell me what they love about being a business owner, it’s often about meeting new people, being hands-on in their business, and having a real passion for what they do. When I ask them to tell me about what they don’t like, it’s typically about the administrative tasks that come with running a business. You probably don’t have an HR or Payroll department – in all likelihood you ARE the HR and Payroll department. You don’t have a recruiting team – you ARE the recruiter.
That’s why we’re dedicated to finding ways to make paying your staff easier. We built Powerpay so small business owners like you can focus on the things that are most important to building a great business and so you can spend more time doing what you love.