Focus on Quality, Manage Costs

Despite current challenges, on a scale of one to 100 (with 100 being “extremely optimistic”), SMB optimism has increased slightly from 45 in late April, to 52 in mid-May. Overall, SMBs are neither optimistic nor pessimistic, and see themselves surviving the pandemic. 

Updated Sept. 16, 2020 The U.S. Department of Labor’s Wage and Hour Division (WHD), responding to the decision in State of New York v. U.S. Department of Labor, et. al (Aug. 3, 2020), offered revisions to the regulations that implemented the paid sick leave and expanded family and medical leave provisions of the Families First Coronavirus Response Act (FFCRA).

Now, under the recently enacted Consolidated Appropriations Act, 2021, these credits are extended through March 31, 2021 for leave taken under the FFCRA framework, although the FFCRA expired on December 31, 2020.

Perhaps it’s time to work with a Professional Employer Organization (PEO) like Oasis? Working with a PEO like Oasis® can simplify your payroll and tax administration services, resulting in significant cost savings, reduced errors, and increased productivity, as well as access to technological platforms for just-in-time reporting and dashboard metrics. 

We surveyed 150 small U.S. tech firms and learned that nearly one in 10 owners believe they are “highly ineffective” or “somewhat ineffective” at bringing in the right talent to their organizations. It’s difficult to know how effective you are with HR administration without the right reporting metrics in place. Further, it’s challenging to manage performance when recruitment and retention efforts are lacking.