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HR, Payroll, and Employee Management Tips for Small Business Posts

Improve Employee Productivity With Good Management Habits

Employee colaboration in a meeting

There are a lot of reasons why employees might not be at the top of their game. Maybe they’re having personal issues. Maybe they didn’t get enough sleep. Maybe they’re excited about something. This is all pretty normal. Employees are human and have their ups and downs, but when the lack of productivity becomes a regular thing, there is either something really serious going on outside of work or, more likely, there are some flawed management practices at play.

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Early Employees As Costly As Late Ones

We hear a lot about employee absenteeism. It can have a really negative impact on a business. Stores don’t open on time, customers don’t get the help they need, and since other employees have to bear the weight of it even their productivity suffers.

Absenteeism is definitely bad for business but so is prematurism (what would you call that anyway?), or in other words, early clock-in.

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Common Wage and Hour Mistakes That Could Cost You

Making a mistake on your employee’s payroll obviously costs the employee their due wages but it can also cost you, the employer, in lawsuit damages. This is the last place you want to end up. Wage and hour lawsuits are expensive. And with the Department of Labor planning to hire 300 more investigators, small businesses will be even more at risk for getting caught.

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Business Math Series: Markup

Markup is the percent of increase in selling price from the original cost. Companies mark up products they sell in order to make money for their business. How much they mark up the products depends on many factors, including demand, whether the product is a luxury item, and so forth. Some items are marked up considerably. It’s hard to believe we pay what we do for common items.

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