There are 32.2 million small businesses in the U.S., which accounts for 99.9% of all companies. When a new one comes along, the competition is intense, so it must go at it hammer and tongs to find ways to adapt, evolve, and stand out.
HR software for small businesses can be just what this kind of company needs. Essential HR tasks may be repetitive and time-consuming, so small businesses often overlook them due to budget constraints and limited staff.
However, small business HR software has the power to streamline and automate, freeing up the team for more important responsibilities. Still, signing up for a service without doing research can be dangerous, so it’s worth ensuring you’ve found the most appropriate HR software for small businesses.
Justworks PEO is a comprehensive solution that provides a full suite of HR services, perfect for businesses looking to streamline administrative duties and improve efficiency. It extends Justwork Payroll’s capabilities by offering benefits administration, compliance support, HR consulting, time tracking, and employee self-service.
Subscribing to Justworks PEO requires companies to pay a monthly fee per employee, which can be as low as $59, depending on the company size. In addition, Justworks has a referral program where customers can earn up to $10,000.
W2s, 1099 forms, 940 forms… so many fun things to think about when you own a company! If you run a business that operates with employees, then you and them probably have very different ideas of what payday means. For them, payday may be one of the best days of the month, while for you, the reality of it may be more of a tedious, stressful, and even chaotic frenzy. Given that we live in a time of convenience and instant solutions, when it comes to payroll woes, the situation is no different – luckily this administrative pain can be alleviated with the aid of a payroll software like Gusto that specializes in helping small to medium-sized businesses in the U.S. Beyond being a payroll solution, Gusto assists with other HR areas like health insurance and retirement management, as well as offering integrations with third-party tools.
From smooth onboarding and employee relocations to efficient and compliant payroll, Deel lets you meticulously keep all HR tasks in check. Particularly well-suited for global teams, the service has subsidiaries in over 150 countries. Along with facilitating international hires and employee management without the need for a local entity, the service handles visa sponsorships.
Deel supports over 120 currencies, integrates with apps like Slack and Teams, and offers a free version for businesses. The company provides discounts through package bundling, although most prices are only disclosed once you contact the sales team.
On the market since 1990, Paycor is a cloud-based solution designed to help businesses with payroll processing, HR and workforce management, and benefits administration. As a human capital management service, Paycor stands out as an all-in-one platform where companies recruit, onboard, and set up payments for new hires.
The platform provides businesses with greater access to their payroll process, allowing them to ensure all payments are accurate, compliant, and on time. Prices start at $99 plus $10 per employee each month, with setup fees occasionally waived. All plans include multiple payment options, employee self-service, and unlimited payruns. Also, the software can be tested for free for 14 days, so administrators can have a glimpse of how much time and hassle they can save if they trust Paycor with their payroll.
Good payroll software should save you time so you can get more done in your day. Ideally, it should also be as simple to use as possible. Since 2013, San Francisco company Zenefits has aimed to do just that with its payroll solution. Now serving over ten thousand companies, Zenefits gains from the vast number of integrations it offers that not only streamline the payroll experience but can enhance just about every aspect of a business. For example, the comprehensive Zenefits mobile app allows employees to access every bit of payroll information they need, clock in and out, request holiday time, and so on. It also serves as an all-round work hub to keep everyone connected. The payroll software is also very reasonably priced, but it’s only available as a $6-per-month-per-employee add-on to any other Zenefits subscription. You can test it out first though: Zenefits provides a 14-day demo version so you can take a look at everything it has to offer.
All businesses are subject to local, state, and federal regulations, and not complying with these can result in paying back taxes or suffering financial penalties like fines and interest. With Namely, all this can be avoided with its robust compliance resources that prevents any damage to a business’s reputation or finances.
Namely offers an extensive compliance resource library with local policies and current and pending regulations and notifies managers if the company is not following the law to the T. Moreover, there’s unlimited access to certified HR advisors who can provide clarifications and help.
Unfortunately, 50% of small businesses fail within the first five years, and human resources software for small businesses can be invaluable in preventing this. It can help a company avoid collapse and even increase the chances of success considerably.
The main reasons a business may go belly-up are connected, and often, tackling one can solve others. The most common challenges faced by small companies are:
HR software gives you the power to handle all these challenges, starting with something as simple and time-saving as automation to complex regulatory compliance in different countries. It can do most of the time-consuming tasks of an HR department, freeing the team to focus on what it’s important.
When looking for small business HR software, it’s common to be tempted by expensive solutions with countless features. However, most small businesses don’t require a broad range of tools and may be working on a tight budget, so choosing a service that accurately reflects the company’s needs is imperative.
Small businesses should look for the following key features to ensure a smooth road to success:
Purchasing or subscribing to HR software will make everyone’s job easier, building a happier workplace environment. The benefits are numerous:
When chosen correctly, HR software can catapult a business to unprecedented heights. There are plenty of affordable solutions out there, and some can even be had for free forever or trialed for a limited time.
However, while there are plenty of top-notch HR solutions for small businesses to choose from, it’s never a one-size-fits-all situation. Each business has different needs, so it’s worth making that extra effort to find the perfect match.
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