article thumbnail

While Large Firms Can Afford Layoffs, Small Companies Are Labor Hoarding

Allwork

In short, instead of facing the hefty expenses of laying off employees and training new ones, organizations are turning to higher payrolls for current workers. So what can companies do to better understand how layoffs may impact their overall expenses? .

Payroll 237
article thumbnail

Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

The basic reason for the term and trend is because employers decide to ride out the uncertainty with higher payrolls in order to avoid the long-term costs of hiring and training new people when the economy rebounds,” Fountain told Allwork.Space. .

Payroll 279
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Webinar Employee Expense Reimbursements: Compliance Workshop

Office Dynamics

Get educated now on the new rules of employee expense reimbursements! Employee Expense Reimbursements: Compliance Workshop. The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. Which payments made to employees are subject to payroll tax? View this online. Join us Sept.

Expenses 100
article thumbnail

5 SOP examples for your business

BMT Office Administration

It is the responsibility of each department lead to provide department-specific training and onboarding to new employees. Coordinate with department manager to schedule department-specific onboarding meetings and review additional training needs. Follow the expense policy to document any charges put on a company card.

Payroll 72
article thumbnail

12 Last-Minute Gift Ideas For Digital Nomads

Allwork

Some of the course subjects on offer include graphic design, web development, digital marketing, data science, life coach training, software engineering, science and tech, design and style, and business. . And for self-employed freelancers or business owners, you can generate invoices, manage your payroll and track time on projects. .

Gifts 290
article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

They help maintain a safe workplace Does your organization require mandatory OSHA training? Are your employees up to date with their fire safety and first-aid training? Keeping safety records will make it easy to know if your team needs to update their training, helping you stay in compliance with any OSHA requirements.

Filing 52
article thumbnail

Control Expenses – Automate Process Through Workflow Software

Small Business CEO

How many of you find that new employees don’t get equipment or security access on time, are missing their name plate or aren’t set up in payroll? Increase cross training capabilities. Tags: CEO Leadership Entrepreneurs expenses transactions workflow software. Internal processes. Standardization of process.