Looking at Tomorrow
Looking at Tomorrow
The year is coming to an end. We are in the middle of the holiday season and New Year’s is just around the corner. It feels like just a month ago we were walking into work for the first time in 2016 and already we are shopping for Christmas presents. While we are preoccupied worrying about holiday sales, we have to look at the obstacles and opportunities of the upcoming year as well. Some of these obstacles and opportunities will be easy to see, some we won’t know about until they happen.
What are some of these opportunities and obstacles you have to look for when the new year comes around? When it comes to payroll, there are going to be some employees up for a raise. You are going to have to make sure you can afford to pay these employees their new wage. Even just a 5 cent raise will cause a significant increase over the course of a year. Don’t forget about vacation pay either. A new year means a new round of vacation hours for employees, on top of any other incentives you offer such as holiday pay.
Living in the Daytona Beach and Port Orange area also brings about another round of seasons to prepare for. Bike Week, Daytona 500, Spring Break, all times that your business might see a significant increase in traffic. While Daytona Beach might be the epicenter of the tourist invasion, some places like Ormond Beach and New Smyrna Beach will also get quite a few extra tourists thanks to their hotels, beaches, and motorcycle shops. So if you have a business anywhere in Volusia County, you are going to need enough employees with enough hours to take care of the inevitable influx of business.
How can you get all the information you need to get ready for the new year? The easiest way to do this is to have someone prepare your payroll and supply an easy to understand report so that you can see how much payroll is costing you. You can use this information to make stronger decisions for your business, and make plans for the future. Where do you find someone who can do this for you? Don’t worry about hiring a new employee to train or trying to find someone who already knows the craft. Instead, look at outsourcing to a payroll company. Instead of a single person, you get an entire team of payroll and human resource specialists. Want another good piece of advice? Head over to Vision H.R. now and you can get a free quote for your business, so come January 1st, you will already be set up and ready to go.
