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A new year is an ideal time make new hires, implement new training programs, and make changes to your business' benefits package that will both attract and retain top talent for this year and for many years to come.
Small to medium sized businesses need to offer valuable employee benefits packages to attract and retain top talent. But it's not always easy to know which benefits to offer or to find the time to run annual open enrollment periods plus ongoing administration processes.
What are the benefits of providing employee benefits? Obviously, they benefit your workers, giving them "extra perks." But how do they benefit the employer and the company as a whole?
Payroll administration is one of the biggest hurdles that businesses, especially small businesses, must continually clear to keep their business operation running smoothly. And yet, the logistics of payrolls can make them very costly, complex, and time-consuming to manage. Any mistake or delay can cause problems with staff morale, IRS compliance, and strategic budgeting.