Is Your Company Ready for the End of the Year and FLSA Changes?
Have you considered all of your options when it comes to payroll outsourcing? As your business matures, the status quo of payroll outsourcing with the big players in the industry like ADP, Paychex, or other PEO (Professional Employer Organization) services out there can become obsolete.
Dynamic small businesses oftentimes feel as if they do not fit into the “cookie-cutter” bundles offered to hundreds of thousands of other companies by these large service bureau organizations. Instead, owners and management need services that are tailored to their specific businesses rather than lumped into an existing package. Other times they feel as if there are services they pay for, payroll after payroll, which they are not utilizing. We understand that it is often a narrow road to the bottom line for many business owners, so why not only pay for what you need?
As 2017 budgets come into question, payroll, HR, time tracking, and scheduling systems should be reviewed. How will your business cope with the upcoming FLSA Final Overtime Rule? Do you plan to move employees from exempt salary classifications to non-exempt hourly pay methods? How will you track those hours? How are you communicating to employees when and where they should be throughout the day? These are just a few of the issues that small to medium sized businesses are trying to cope with. Are you covered properly?
Even successful businesses with proven track records can feel stuck with their current situation, whether they are using a simple payroll reporting service or whether they are in a full-blown PEO relationship. Even the thought of moving away from these systems can seem daunting, it doesn’t have to be. In fact, year end presents the easiest time to consider a transition. Give us a call to see if transitioning away from your PEO might be what your business needs in 2017.