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Click Here to Learn the 5 HR Best Practices to Boost your Small Business Efficiency

5 HR Best Practices to Boost Small Business Efficiency

Highlights

  • HR best practices act as a compass for businesses, helping them as they navigate daily HR tasks and manage an efficient workforce.
  • Revamping your employee benefits strategy and keeping up with compliance requirements are two of the areas to focus on this year.
  • At Surge Resources, we support small businesses by taking payroll, benefits administration, compliance, and other complex HR tasks off their plate. Learn how we can help!

The day-to-day responsibilities of a business can be overwhelming. From tracking employees’ work hours to ensuring payments are processed accurately and on time, maintaining focus can be a real struggle. Defining and implementing HR best practices gives your team a roadmap, guiding them toward the key areas to prioritize this year.

Are you seeking ways to optimize your HR processes and strategies? Keep reading to discover the essential HR best practices that will boost your company’s efficiency and productivity.

Let’s dive in!

1- Build a Competitive Benefits Package to Attract Talent

Having a high-quality benefits package is key to recruiting exceptional talent, keeping employees motivated, and reducing turnover rates. However, this can be too expensive for small businesses.

If you are considering revamping your benefits strategy this year, partnering with a Professional Employer Organization (PEO) might be the right choice.

PEOs leverage their collective strength and can offer employee benefits that are on par with Fortune 500 companies. These benefits range from health insurance, dental, and vision plans to retirement plans and Employee Assistance Programs (EAP).

Based on the unique needs of your company, you can create a customized package that not only addresses the specific preferences and priorities of your workforce but also aligns with your budget.

2- Ensure Your Business Remains Compliant with Labor Laws and Regulations

To minimize legal risks and guarantee a safe work environment, small businesses must stay on top of constantly evolving labor laws and regulations.

Maintaining compliance involves a series of responsibilities, like guaranteeing equal and fair pay, closely monitoring overtime hours, and fostering a discrimination-free workplace.

So, how can you stay ahead of the game? Compliance best practices include:

  • Staying informed about any legal changes that could impact on your business and ensure that your company’s policies are always in line with the latest requirements.
  • Scheduling training sessions regularly, with a focus on crucial areas like safety protocols, preventing workplace harassment, and promoting diversity and inclusion.
  • Classify employees properly to comply with wage and hour regulations, determine eligibility for benefits, and fulfill tax obligations.

3- Save Time by Outsourcing Payroll to a Specialized Partner

Payroll goes beyond just issuing employees’ paychecks. It encompasses several tasks, from managing timesheets to calculating taxes, withholdings, and deductions.

If you have a small internal team, handling all these payroll-related tasks can take up valuable time and keep your focus away from core business activities. Outsourcing payroll to a specialized partner can be a smart alternative to save time and resources while ensuring that employee compensation is handled by specialists.

Also, by enabling a third-party provider to handle payroll, you can get access to leading technology to make the entire process more efficient and avoid costly errors.

Learn Why Outsourcing Payroll Is One of the HR Best Practices for This Year

4- Prioritize Employee Growth through Training and Development Initiatives

Providing opportunities for your employees to expand their skill sets and unlock their true potential is like planting the seeds of success for your company’s future. Not only that, but it also cultivates a workforce that is deeply engaged and gratified.

One of the best ways to elevate your SMB’s potential this year is by making training programs a top priority. 

You can implement mentorship programs, leverage online learning platforms, or create personalized development plans. But make sure to provide a variety of options to keep your employees’ skills sharp.

5- Implement an Efficient System to Track Time & Attendance

Efficiently managing employee time and attendance is an essential responsibility of HR. It’s not just a routine task; it’s key to ensure your employees are being paid fairly and to measure your workforce’s productivity.

With the right tools in place, you can make this process even more transparent, reliable, and efficient.

If you manage a distributed workforce, for example, it’s important to look for a system that employees can easily access from different devices and locations, like a mobile app. Keeping online timesheets is another feature that you should consider, as well as being able to manage schedules and make requests.

Finally, your time and attendance tracking system should seamlessly integrate with your payroll software, reducing the likelihood of manual errors and saving precious hours of manual work.

The work environment is constantly evolving, so it’s essential to ensure your HR strategies are in line with the current market trends and your employees’ expectations.

By outsourcing some of your most time-consuming tasks, your HR team can have more time available to focus on the strategic areas that can truly drive business growth.

At Surge Resources we provide a comprehensive suite of HR services for small businesses, which spans from payroll processing to HR compliance. Contact us to learn how we can support your business!


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