A satisfied, engaged employee is a productive one. One study found that an increase in job satisfaction was directly related to a 6.6% increase in hourly productivity. Other research has found that satisfied employees enjoy 31% greater productivity overall and 37% higher sales. Sometimes the effects of engagement and job satisfaction can even have unexpected
-> Continue reading The 4 Biggest Factors That Promote Employee Satisfaction
How much time do you spend on non-core tasks? The answer is too much. Running a small business (and especially starting one) is becoming increasingly laborious. Nearly two-thirds of small business owners work more than 40 hours a week (and one-third work more than 50), according to the 2017 Bank of America Small Business Owner
-> Continue reading How Much Time Do You Spend on Administrative, Non-Core Tasks?
So, you’ve decided to hire a Professional Employer Organization to help handle the employer side of your business. You’re not alone; the PEO industry has boomed over the last decade, and no wonder. PEO clients grow faster than average, have lower employee turnover than average, are more likely to be profitable, and have double the
-> Continue reading Tips for Transitioning into a PEO Relationship
Outsourcing HR is the only way to get the employer out of the employer business. That enables them to get back to business instead of idling on staffing issues; it also means they can eliminate liabilities in terms of payroll taxes etc. as the Professional Employer Organization (PEO) partner becomes the employer of record. Here
-> Continue reading 10 Reasons Companies Partner with a PEO
CoAdvantage- Too many organizations are too disorganized when it comes to compensation strategy. They make compensation-related decisions in a haphazard manner that (1) discounts applicable laws and regulations, (2) obscures whether their approach to compensation generates appropriate ROI, and (3) makes compensation and payroll management unnecessarily difficult. This kind of ad hoc approach to compensation
-> Continue reading A Basic Checklist for Ensuring Your Compensation Strategy is Compliant and Effective
New technology frequently fails to live up to (often outsized) expectations. McKinsey and Company, working with the University of Oxford, found that on average, large-scale IT projects run 45% over budget, 7% over time, and deliver 56% less organizational benefits than expected. (For what it’s worth, the average benefits shortfall is much better when the
-> Continue reading 20 Change Management Tips for Adopting New Technology
Sabbaticals often make big news – Fast Company and the Harvard Business Review (HBR) have both extolled the virtues of the practice – yet relatively few U.S. employers offer this as a benefit. According to SHRM’s benefits report, only 12% offer an unpaid sabbatical option, and a meager 5% of U.S. employers offer paid sabbaticals.
-> Continue reading Do Employee Sabbaticals Really Pay Off?
The traditional eight-hour day may be more fable than reality. One study found that the average employee spends less than three hours out of each eight-hour work period doing real work. Instead, they spend much of the day reading news (1 hour, 5 minutes), checking social media (44 minutes), discussing non-work-related topics with colleagues (40
-> Continue reading How Much Time Do Employees Really Work?
CoAdvantage- Your small business is at higher risk of identity theft than you realize. Why would someone steal the identity of a business entity? The thieves can use the business’ credentials to open lines of credit, purchase high valuable resaleable goods, make a tidy profit, and then disappear. In fact, it’s often easier to gain
-> Continue reading What Your Small Business Must Know About Business Identity Theft
We write regularly about the impact of utilizing a Professional Employer Organization (PEO) on employers, detailing the ways a PEO can generate cost savings, business advantages, and peace of mind for business owners. But what about the impact of a PEO on workers? How does a PEO partnership work? First, let’s define the relationships here.
-> Continue reading How Using a PEO Benefits Your Employees
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