Achieving the ultimate ‘work-life balance’ is a hot buzzword, but considering the multiple functions to keep a business running, can we actually practise what we preach?
If you are a business owner, or manage a restaurant, or have the keys to a franchise, you know first-hand that finding that work-life balance sweet spot is challenging. Winning new customers, motivating employees, and increasing profits all play a part in the compounding stress that you may feel on a daily basis.
Add the paperwork and administrative responsibilities associated with meeting compliance requirements, and you’re left with little time to manage your personal commitments, relationships and even your own health.
Finding a workforce management partner for some, if not all of your HR functions could be the perfect solution to freeing up some valuable time. By allowing an experience provider to step in and take those responsibilities off your plate, you can devote more time to growing your business as well as your health and happiness.
Here are some key ways a workforce management partnership could improve your day-to-day.
1. Happy Pay Day
Managing payroll is a huge responsibility and if you are understaffed, the time you have to manage payroll disappears which could significantly impact your bottom line.
By outsourcing to a specialist company, you can claim back the time you used to spend on payroll and be rest assured that your team will be paid fairly and on-time. Avoid delayed pay and disgruntled employees by letting an external partner take the reins of your payroll and administration and allowing your internal team to focus on other important tasks.
2. Play by the Rulebook
With employment and labour laws constantly changing and new regulations being implemented, it can be challenging for businesses, especially smaller ones with limited resources, to remain up-to-date and compliant. Struggling to stay on top of this ever-changing wagon wheel of regulations could result in serious financial consequences.
If you don’t have the relevant expertise in-house to manage the legal complexity of ever-changing regulations, it might be time to outsource. The right partner can handle all compliance and risk mitigation matters, ensuring the law is followed to the letter.
3. All Aboard
The onboarding process of new employees can be time-consuming and expensive when factoring in recruiting fees, pre-employment checks, salary banding, etc. The good news is by outsourcing you can save significant time and costs by selecting your ideal team, and then allowing your partner to handle your employment paperwork, certifications and anything else to ensure a smooth onboarding process before your new employee/s start work on day one.
By outsourcing your payroll and HR services, the right partner can benefit your business financially and restore your work-life balance. Reach out to Tribe Workforce to help you reduce your workload and allow our specialists to drive your business forward.