As a business owner, there's no doubt that payroll leaves you with a massive headache. And why wouldn't it? It takes up valuable time, regulations are constantly changing, and there is so much room for error and payroll penalties.
That's why outsourcing payroll is a hot topic right now. Why not leave it up to the professionals?
If you're not quite convinced, keep reading to find out the five major advantages of outsourcing payroll.
1. Avoid Tax Penalties and Mistakes
It's actually pretty easy to make mistakes that may incur penalties on a small business payroll. Especially if you're not entirely sure what you're doing.
Employment regulations, data and compliance requirements, and tax legislation are constantly changing. Professional payroll services stay up-to-date with these changes and know how to implement them accordingly.
Outsourcing your payroll drastically reduces the likelihood of costly penalties or landing up in hot water.
2. Saves You Plenty of Time
Time is money. This is never more true than when you're running a business. If you're doing the payroll management yourself, you're sucking up valuable time that you need to run your business. If an unqualified employee is doing the payroll, they're taking time away from their main responsibilities.
One of the biggest benefits of payroll outsourcing is that it saves you and your employees valuable time. This ultimately saves you costs too, as you won't have to have an in-house employee working overtime to undergo training.
Click here to find out more about how you can save costs and time by outsourcing your payroll.
3. Access the Latest Tech
Modern payroll services make use of all the latest technology that you don't have access to — in fact, you've probably never even heard about it. They use advanced cloud-based systems to manage data and payroll processing efficiently.
You'll have your payroll system centralized, and you'll benefit from robotic process automation which many payroll specialists use.
4. Increased Security
There is a huge risk of data breaches when you are doing in-house payroll management. That's why one of the biggest benefits of outsourcing payroll is that you have improved data security.
A good payroll provider will protect and store your data on extremely advanced and secure cloud-based servers. They use only the best and latest encryption technology to ensure the best data integrity for your company.
5. Complete and Reliable Backup
Chances are that you don't have the internal storage space to keep all of your payroll data. Using payroll services includes a move to digital payroll which ensures that you always have a constant, complete, and reliable backup.
This is extremely important should you ever be audited. You need to have your payroll data on hand.
Outsourcing Payroll Is the Smart Choice
Doing payroll in-house is a headache. There is so much room for error, mistakes, penalties, and data breaches. Outsourcing payroll is the smart choice. You'll have access to the best technologies, digital tools, and an expert team.
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For many people, better productivity represents a goal that always seems out of reach. Yet, in an ironic twist, most people only average about three hours of actual productive work in an eight-hour shift. When you see such a disconnect between apparent goals and results, it typically means your approach to work productivity doesn't work for you.
If that's the case, it leaves you with the question of how to be more productive at work. Despite that dreadful statistic above, it is possible for you to boost your overall productivity. Keep reading for our guide to being more productive.
Skip the Multitasking
Despite people's claims that they're more productive when they multitask, all the evidence suggests they're wrong. The key here is that almost no one actually multitasks. They switch between tasks, such as talking on the phone for a moment, then typing an email, then talking again.
Switching between tasks comes with a cognitive cost that reduces your productivity. Your brain basically has to reboot after each switch. So, instead of getting more done, you ultimately end up doing both tasks less effectively.
You are surrounded by distractions these days. You get email alerts on your computer, text messages on your phone, and coworkers stop you to ask a question. One key to modern productivity is for you to find ways to limit those distractions.
For example, you can mute alerts on your phone and computer. You can also tell colleagues that you only check your email twice a day, so they won't expect automatic replies. If possible, shut your door to discourage people from stopping to talk about non-work matters.
Some people hit their stride first thing in the morning and get progressively less productive over the day. Others hit their stride in the late morning or early afternoon. Pay attention to when you reach peak work efficiency.
Then, schedule your most important tasks for those periods of the day. If you don't know, try doing your most difficult tasks first thing and see how it goes.
Don't Get Fooled by False Productivity
Another of the big productivity tips is for you not to mistake activity for productivity. Shooting off emails all morning can make you feel like you accomplished a lot, but were those crucial emails or busywork?
Pin down the essential tasks and prioritize them in your day.
Figuring Out How to Be More Productive at Work
Figuring out how to be more productive at work is not an all-or-nothing process. Some strategies will work great for you, some will prove less effective. When you try out a range of different options, though, you will find tips that work for you.
Lean in to those approaches and you'll see your work productivity improve. Put together four or five effective strategies and you'll see major improvement.
Trying to boost performance on your side hustle as well? Check out some of the class offerings on this site to find ways you improve performance there as well.
Are you searching for ways to increase your bottom line?
Then you need to revisit your lead generation efforts. This is more important than ever, considering the pandemic’s impact on lead generation.
Though lead generation and sales intertwine, the former needs a different approach. Reading about different sales tips is good. However, you need to focus more on lead gen strategies.
Continue reading below for five effective lead generation tips you need to follow.
1. Social Media Is Your Best Friend
With around 70% of Americans using social media, it is important to use it to generate new leads. Start by creating a Facebook account for your business. Use the platform to post and share content with your target audience.
Furthermore, 52% of inbound marketers get new leads from Facebook. Additionally, 44% obtain theirs from Twitter.
The key is to learn more about your audience. From there, publish various social media content to create customer engagement. This is one of the most effective ways of getting quality leads for conversion.
2. SEO Is a Must
You should also keep your search engine optimization (SEO) game at a high level. SEO pertains to optimizing your website so that your target audience can see you on page 1 of leading search engines like Google.
When creating quality content, you need to optimize it by using the right set of keywords. These are words of phrases that your audience will likely type on Google when searching for products and services.
A good SEO strategy will help you determine these keywords that you can use to rank higher on Google. If you use the right keywords, your market can find you on Google’s page 1. In turn, it boosts your chances of increase website traffic and attracts new leads in the process.
3. Blogging Works
With a lot of people staying and working at home, they are spending more time in front of their laptops and mobile devices. Thus, they also have time to consume all sorts of content.
Use this opportunity to connect with them through blogging. Sure, blogging may not be the most powerful when it comes to generating direct leads. However, its strong suit is driving leads to your site.
This is because blogging lets you create content that you can fill with the best keywords. Also, you can share your blogs across your various social media accounts.
4. Focus on Personalization
When talking about lead generation tips, personalization is one of the most powerful ones. It is the secret to successful lead generation and lead nurturing. Whether it’s for generating mortgage protection leads or attracting a specific group to try out a new service, a personalized approach gives you that additional edge and value.
Personalize your marketing strategies to cater to your market’s specific needs. Start with your URLs and landing pages. Make sure they connect your audience on a personal level.
Add more empathy when offering solutions. Create more interactive content like surveys, quizzes, and webinars.
5. Use Online Marketing Videos
Last but not least, maximize the power of online marketing videos. Close to 70% of consumers prefer video content to text. You can present more things and capture attention faster through video.
Publish quality video content at least once or twice a month. For starters, use videos to explain how your products work.
Complement These Lead Generation Tips
By following these lead generation tips, you can attract new leads faster amid stiff competition. However, you also need to complement these tips by expanding your marketing knowledge.
We invite you to check our other articles. We discuss topics that will help improve your marketing strategies.
You’re here because you have decided to invest your money, that’s great, however it can be difficult knowing where to start. Whether you are looking to invest big or small we have gathered seven ways to invest your money Take a look below and see if any catch your eye, remember it's always important to do thorough research before investing any money.
When people think of investing they automatically think about the stock market. You might think that you have to pay in large sums to see a return, however, this is not the case. You can start by investing a small amount whilst you get used to how the stock market works and learn the jargon that comes along with it until you are comfortable enough to invest a little more. This way is great as it allows you to invest without the big risks.
If you have a UK bank card you are eligible to purchase premium bonds. Almost half a million British pounds worth are currently unclaimed by Australians. The way premium bonds work is that you pay in a minimum of £25 and you are put into the draw to win prizes. It's like the lottery but if you don't win, the money you put in stays in your account ready for the next draw. The more money you invest the higher your chances of winning are, the highest amount of money you can win is £1 million. If you are looking to make money quickly from your investment then premium bonds are not the right investment for you.
Before you invest you have to save up some money first. This is where the cookie jar method comes in. If you have something in mind you want to invest it, set a goal to have x amount of money by x date. Then work out how much you need to put away each month so you hit your target. Use a cookie jar or something similar to pop in your target amount each month and then when you have loose change toss it in the jar too. Seeing the jar fill up will motivate you to keep topping it up, then in no time, you will have your target amount saved and ready to invest.
You should be investing for your future and putting money into your retirement fund is a way to do this. If you are employed and earning more than $450 per month then you should automatically be paying into your superannuation fund. This is a government-run scheme that allows employers to match the employee's contributions. If you are self-employed you can still pay into your superannuation fund but you will have to set it up yourself.
Real estate is a popular way to invest your hard-earned cash, whether it's turning flipping a property or buying to rent. When buying real estate you need to be smart and keep a vigilant eye on the property market. Investing in property doesn't always have to be a quick turn around, investing in a family home or holiday home can be beneficial in the long run. Look at investing in up and coming properties like m vertica, properties that offer premium living with a range of facilities and perks are becoming increasingly popular especially in cities.
Digital Robo Advisors
If you are a novice when it comes to investing and are a bit apprehensive about it all then consider using a digital robot to invest your money for you. Digital Robo advisors such as Quiet Growth, Stockspot or InvestSMART are all great examples of Robo advisors you can use. The way they work is that you set your preferences such as how much you want to invest, how often, and what your investment interests are, it will then create a tailored plan to suit you and your needs and invest automatically.
If you have a good eye for finding treasures from markets, thrift stores or small vintage shops then think about putting your skills to good use. Buying vintage items at a low cost now can make you lots of money in the future. This one is only good if you have the knowledge and knack for finding items that are being sold at a small price and when over time they will become more valuable. Vintage cars, art and antiques are all great possessions that can increase in value overtime.
If you’re looking for a destination with a big-city feel, but without the massive crowds and traffic of New York or Los Angeles, Cincinnati is the perfect choice. The Queen City is an incredibly underrated location when it comes to cities with culture, cuisine, and entertainment, and also has an extremely low crime rate for cities this size. Don’t let this destination fly under the radar when you’re looking for your next urban getaway. This city is so intoxicating, you may even start looking for Cincinnati houses for sale after your next journey.
Great American Ball Park
Whether you’re a history buff or a sports fanatic, the Great American Ball Park is the perfect first stop on your tour of Cincinnati. The home of the Cincinnati Reds is an icon in the community, as well as in the country, since the Reds are the first professional team in the history of baseball. Formerly known as the Cincinnati Red Stockings, the history of this groundbreaking team can be explored further at the Great American Ball Park. The Park opened in 2003, and is in the top 20 of largest baseball stadiums in the country. If you’re able, plan your trip around their game schedule and catch the iconic Reds in action.
Cincinnati Zoo & Botanical Garden
Children and adults alike will love the Cincinnati Zoo and Botanical Garden located in the Avondale neighborhood. Not only is it the sixth-oldest zoo in the entire country, but it is also home to the oldest zoo building – the Reptile House. In the 1980s, the Zoo was named a National Historic Landmark, which means it was recognized by the government for being an important piece of our history. Both the Zoo and the Botanical Garden are full of incredible sights for families, couples, and any travelers looking for peace and serenity within a bustling city. Drop in for a visit on your next journey to Cincinnati, and you’ll see why the zoo consistently ranks high when it comes to the best zoos in the US.
Cincinnati Museum Center
Located in Union Terminal, the award-winning Cincinnati Museum Center is the perfect place to spend a rainy day in the city. It’s a definite must-see on your trip to the Queen City, and an education experience for all who visit. You’re bound to find something that interests you at the Museum Center, whether it be scientific, historic, environmental, or just the gorgeous architecture of the building itself. Over a million people visit each year to enjoy the largest cultural attraction in all of Cincinnati, so why not add it to your bucket list?