Tuesday, April 28, 2009

Take a few minutes to Get Going!

Everyday I come to the office excited, fresh and full of good intentions only to find that 2 hours later I am still sorting through emails which, for the most part, is not creating opportunity or cash flow. Stop the madness I scream as I pull up the next email.

Okay, what can be done? How about setting aside the first 30 minutes of office time to devote to your top "five-minute" tasks? Right now you are thinking that I must have read that in some time management book which is now gathering dust on my shelf along with every other self help book on not wasting time! Perhaps, but we have to start somewhere.

So, here is your challenge. Tomorrow morning march into your office armed with 6 quick-fire tasks to accomplish in the first 30 minutes and start checking those suckers off. Do this first before getting your coffee, straightening your desk, and BEFORE CHECKING YOUR EMAILS!

The adrenaline will flow - you set your timer for 5 minutes and see if you can beat it! When the ringer goes off move onto the second item. The first day is practice and just like in golf (okay maybe not golf because does anyone other than a natural ever get better?) you will be moving down the course at lightening speed blazing through the action items that might include a new contact follow-up, setting a sales appointment, perfecting your presentation or writing your office wall in indelible ink the big dreams you have to work towards. Go, now! Go forth and conquer.

Wow....I'm exhausted just thinking about it. Blog in under 5 minutes....not bad!

Friday, April 3, 2009

Avoid Costly Payroll Mistakes!

Payroll is often the largest operational expense for a business and payroll mistakes can have a significant impact on the business. You don't need an investigation by a taxing authority or a court case with a disgruntled employee. Payroll is the heart of the employee/employer relationship so setting up fair and transparent policies minimizes the chance for errors and resulting problems. Develop and communicate your Payroll Policies and Procedures.

1. Put it in writing - describe how you determine rasises, promotions, bonuses. Generally policies that are based on objective performance assessment keep you within the law.

2. Implement pay changes at the correct time - over or underpaying an employee can result in loss of cash flow or the added burden of needed to correct payments. These type of mistakes cna can undermine an employees' trust.

3. If you have made a mistake deal with it immediately - overpayment of pay is more common than you might think and it can be hard to recover without employees feeling unfairly burdened by your mistake.

4. Assess termination pay correctly - your payroll policy should dictate how to determine final pay. Mistakes of overpayment can be especially costly as trying to recover funds as the former employee may be difficult.

Remember that payroll policies and procedures as well as a systematic method for easy payroll processing can reduce costly errors and unwanted problems- freeing you to concentrate on growing your business.

Call us today to learn more!