March 17, 2020
Like you, we're monitoring the latest news about the coronavirus (COVID-19). As part of Spectrum Payroll’s commitment to you – and our dedication to providing you with the critical services you need to keep your business moving forward – we wanted to provide you with an update regarding measures we are taking in response to the spread of the coronavirus. These measures will...
February 6, 2020
If the quest for a better work-life balance made your New Year’s resolution list, you are not alone. When we work too much, everyone suffers, and chances are the extra hours aren’t helping you, in fact, they’re more likely working against you.
January 8, 2020
It’s a new year, and a new opportunity to grow your business to the next level. Just as people around the world have been busy making plans to lose weight, learn a new skill, or break pesky habits, business owners are also taking the time to set goals to reach new heights in 2020. However, it’s important to keep in mind that it’s one thing to set goals and another thing to keep them.
December 9, 2019
Just one year ago, 62.34% of Missouri voters approved the $12 Minimum Wage Initiative, and supported increasing the state’s minimum wage each year until reaching $12 in 2023. The Initiative also requires annual increases or decreases based on changes in the Consumer Price Index after that. The incremental increase will add up for employees.
November 18, 2019
It’s a given that replacing an employee is not something any employer looks forward to. Limited time and resources can make the process difficult, and oftentimes the loss of acquired knowledge and skills the employee possessed make the loss and replacement process costly.
October 8, 2019
Take your pick of any luncheon or after hours networking event and chances are you’ll hear a lot of conversations about the weather – too hot, too cold, too sunny, too rainy, too much pollen, the list goes on and on. Why do some business events appear to be filled with armchair meteorologists? Because the weather is a failsafe small-talk subject. We all have an opinion, and every good conversation has to start somewhere. Small talk is more than chatting about the weather though. To do it well takes practice, and it’s key when building relationships and expanding your network.
September 12, 2019
While setting salaries, payroll frequency, and processing – whether outsourcing or in-house – are important topics, it’s also important to look at the big picture and determine whether or not labor costs are eating up your profit. Labor costs, which can account for as much as 70% of total business costs, include employee wages, benefits, payroll or other related taxes.
August 8, 2019
Time – there never seems to be enough of it. Time is also something that we make and take, save and spend, keep, waste, kill, and lose. Ultimately though, time is money and making sure that you and your team are in the best position to maximize the time available means you’re going to have to look closely at time killers.
July 9, 2019
When it comes to hiring, resumes and interviews will only get you so far. Today, background checks are a standard part of the hiring process and can protect you from potential liability and help you avoid misinformed decisions. When it comes to background checks, one size does not fit all, there are many different types available, and you may select different reports depending on your needs, the nature of the job, or the location.
June 9, 2019
Ask any business owner and they’ll tell you – growth is the goal. Growth is a visible indicator of success, and proves that the long hours, lost weekends, and risk has paid off. However, when growth happens too quickly it can be overwhelming and if you try to tackle the process by doing things as you’ve always done them, you could be in trouble.
May 1, 2019
Payroll is complex and ever changing. There are taxes, deductions, changes in payroll laws, year-end documentation, and more to worry about. When you partner with Spectrum Payroll, we handle all of the details for you. Our team of experienced experts can provide you peace of mind, give you access to top-of-the-line technology, and ultimately, more time to grow your business.
March 29, 2019
As a business owner, your focus needs to be on running and growing your core business – particularly as a small to midsize business. That means you can’t be distracted by the complexities of payroll. And you definitely can’t afford to be sidelined by penalties and fines.
February 11, 2019
Before you get too caught up in the expansive possibilities of 2019, it might be time to take a look at your HR policies. Effective policies shift and evolve and are intended to grow and adapt with a company. While the core elements of a policy may stay the same, the details should change with the organization.
January 3, 2019
Hiring the right people is easier said than done, in part because impressions from interviews and résumés don’t necessarily tell the whole story. The right employee can enhance your workplace culture, help you accomplish goals, improve employee morale and more. The wrong employee can have also a profound impact, however, their impact tends to be costly and time consuming.
November 6, 2018
To move your company forward, you need to make big picture goals your priority, and let go of some of the day-to-day tasks. Planning a launch, pursuing a new client, expanding a market, or brainstorming a new idea can’t happen if you’re buried with tasks you can hand off. The big things need to make it to the top of the list first.
September 4, 2018
While the term “networking” is cringe-y at best, if you’re doing business in Southwest Missouri you know your network is worth its weight in gold. Networking is the key to getting ahead, and the relationships you build today can help you reach your goals for years to come.
August 8, 2018
While it’s a given that you want to keep your finger on the pulse of what’s happening in your company, and make sure that tasks are being done correctly, you can do that without having to actually do the task yourself. You simply have to delegate.
June 26, 2018
Wouldn’t it be great to be able grow your business, and not spend any extra money doing it? While that may sound too good to be true, it can be done by simply adopting small practices that can permanently alter the way people feel about doing business with you.
May 2, 2018
Whether we’re talking about someone on an hourly schedule or someone on your management team, pay day is a big deal. That being said, is weekly, biweekly, or semi-monthly the best option? Before picking one, it’s important to consider the pros and cons of each. After all, your decision will have an impact on each and every employee, and the all important pay day.
March 30, 2018
Whether you have two employees or two thousand, you know that payroll processing is more than a bi-weekly bookkeeping task. In fact, payroll is much, much more than simply writing checks, and it requires that you stay in the know on taxes, deductions, changes in payroll laws, year-end documentation, and more. For many business owners, payroll has shifted from something handled in house to something gladly outsourced.
February 26, 2018
"Slow but steady wins the race." While this may be true in life, it may not be what you want to hear when it comes to business. You, like many business owners, may think that the faster your business grows, the better. However, that’s not necessarily the best approach.
January 25, 2018
Building, and running a business is tough, especially when you're operating with a lean team and a tight budget. Some days it seems like there just isn't enough time, money or manpower to do it all. That’s why this time of year is the perfect time to focus on what you do best, and look at ways to outsource the rest.