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March 2008 Newsletter - What HR issues do all small businesses have in common?

What HR issues do all small businesses have in common?

Magna HR
What HR issues do all small businesses have in common?

By Richard J. Hughes, CEBS, President & CEO, MagnaHR, Inc

If you?re like most people, you went into business for yourself because you had a passion and a talent for your chosen profession. However, if you plan to be anything more than a one person operation, then you?ll have employees and this will create a whole new set of human resource issues. And, unless you?re expertise is in the human resources field, then you might need to get some help from your attorney or other professional advisers in such areas as?

Staffing & Recruitment

This is simply finding and hiring the best people and placing them in the right position and giving them a competitive benefits and compensation package in order to ATTRACT, RETAIN and MOTIVATE them to continue working for your company.

Payroll & Tax Filing

While QuickBooks and/or Peachtree are both good small business accounting packages, you should seriously consider outsourcing your payroll to a third party payroll provider who is much more familiar with Federal, State and Local payroll laws. Additionally, you should use their payroll tax filing services since this not only shifts the work?but also the liability?to the third party vendor for accurately paying the various taxing authorities.

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How can a company benefit by outsourcing its human resource activities?

Quite simply?all organizations should focus on their core business and outsource the non-core functions if they can be done better, faster, and/or cheaper by an external service provider. And, unless human resources is the core business, companies of any size can benefit by outsourcing this critical function. Click to continue...

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