Small business owners have a lot on their plate. They must balance the major business functions while maintaining their niche within the industry. A Forbes survey found there are 28 million small businesses within the US, and they employ 50% of the population. In honor of National Small Business Week, here are a few beneficial resources to…
An employer’s most valuable asset is human capital. Managing employees’ time and labor is a crucial part of running a business, since it is often the largest expense and impacts production, growth, and profitability. Improving the time and labor management process begins with accurate and reliable data. In this article, I’ll discuss how an automated…
Business owners often decide to process payroll internally because they consider it more cost effective or they are protective of the data and want to maintain control. This decision is right for some organizations, but most ultimately discover that managing payroll is more costly and time consuming than expected. Price of Knowledge Payroll management not…
Take a minute to read my blog post, and I will give you back that minute today (and every other day in the office). If your job is anything like mine, a little extra time can go a long way. At MPAY, our goal is help others get the most out of their workday. To…
How do you track employee hours? Through emails to supervisors? Keeping track via the white board in the break room? Maintaining an Excel spreadsheet? These are all reasonable ways to monitor employee time, but are they the most efficient and reliable? Is your current method capable of showing where you’re overpaying for unnecessary labor, verifying…
According to The Weather Channel, the “nor’easter” is “poised to pack a massive punch in the Mid-Atlantic, Northeast and New England” today. Winter Storm Janus is forecasted to bring travel delays, school and federal government closings, power outages, and more. With these effects, businesses are impacted quickly and owners are left scrambling to carry on “business…
Health care, thanks to the Patient Protection and Affordable Care Act, has been quite the hot topic. Managing employee benefits and their associated costs, has never been more important. Employers and employees should be careful not to leave any money on the table when it comes to tax savings. Flexible spending arrangements, or FSAs, have…
It’s the beginning of a new year. You lost some clients, you gained some. But do you know why? With reasons ranging from customer dissatisfaction to better offers/marketing from the competition, a high attrition rate is concerning for any business owner. Many reasons could be cited in this article and dissected, but I want to…
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