New Year Resolutions
New Years Resolutions
The year is coming to an end, and it is time to start looking at making a plan for the New Year. You got your business through 2014. Maybe it is time to take that success and push it even further in 2015. But how will you make that push forward? The idea of turning your business into a franchise is one large possible step. Expanding your product line or your serviceable area can bring in a larger profit margin. Maybe you are looking at making internal changes to your company to begin with and moving outward from there.
On top of planning for the new year you also have the Holiday season to worry about. Many companies have to go into overdrive to meet the demand of the Christmas holiday, and most times come out with the profit to show for it. Other companies see decreased sales and business if their product or service is not a typical Christmas or consumer product. Both of these points can lead to a single solution. Expand your company in the New Year and simplify the holiday madness by outsourcing Payroll and Human Resource departments.
Maybe you have heard of outsourcing these departments before but never really gave it a second thought. Maybe you just don’t really understand what happens when you outsource a payroll department. For the New Year, make it a point to understand the difference between an in house payroll department and an outsourced payroll department. Both come with their own pros and cons. Even with the cons though, outsourcing can be very beneficial.
In a study performed on 1,500 small businesses, 40% of them used an outsourced payroll service. Almost half of the 1,500 business use some form of outsource payroll department, and that number is only looking to increase. With the digital office taking over the modern business landscape you can send your payroll department to a different company, and still be connected to it. Yet you will not have to worry about changing laws and regulations or if your payroll is being done accurately.
The future is in a constant state of change. Every choice we make will shape tomorrow even more then it will today. Make the right choice, learn more about how outsourcing works and look into outsourcing your payroll with a company like Vision H.R.
