Start-ups constantly suffer growing pains that, if not correctly addressed, may become their demise. According to a 2022 report, 90% of startups fail. While there are endless reasons for this, many issues can be mitigated by HR tools for start-ups. Unfortunately, these solutions are often not even considered due to limited budgets, more significant priorities, short-sightedness, fears about the service being too complex, and more.
HR software for start-ups can help build a robust foundation for a company by providing access to top talent, proper onboarding, legal compliance, payroll automation, and many other features. Since every company’s needs vary, the appropriate solution may differ. Making an educated choice can help cut costs and avoid paying for unnecessary features.
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.
When it comes to payroll your business needs software that fits like a glove, integrating seamlessly with your company’s needs. For many small and medium-sized American businesses, Atlanta’s OnPay is the perfect solution. Available in every state since 2011, cloud-based service OnPay has gone beyond payroll to help businesses with some key integrations, free HR services, and tax calculations. In fact, the service is so confident of its tax calculations that it provides an error-free guarantee and will pay any penalties that may occur from mistakes. OnPay is reasonably priced compared to its competitors, with a crystal-clear pricing structure – it even gives away the first month for free. Additionally, the service offers potential users a 30-day free trial to thoroughly test it out first.
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.
The best HR software for start-ups can simplify, streamline, and automate a myriad of tasks, therefore freeing up time to spend on other core initiatives. Business owners spend up to 40% of their time on automatable tasks, making HR software an invaluable solution.
Start-ups often begin with small teams that require employees to be a jack-of-all-trades. HR software not only puts a stop to this potentially stressful multitasking but also makes it possible to successfully manage a team without a dedicated HR department.
Small businesses and start-ups should see HR software as an asset, particularly if they seek rapid growth or have complex HR requirements like international hiring or regulatory compliance. There are many ways in which HR software can help:
HR departments are usually responsible for various tasks, and HR software aims to cater to them all. As such, providers of this software typically offer various pricing models, tiers, add-ons, and more. This can be confusing and overwhelming for newcomers, resulting in them signing up for unnecessary tools. It’s worth researching what your company needs explicitly before acquiring software to avoid this.
Nonetheless, there are prominent features that every kind of start-up should be on the look-out for:
When starting up, it’s crucial to create a steadfast plan for your HR operations, and this applies to a business of any size. This builds the strong foundations to help you stay on point and organized, making your company successful.
To ensure your start-up is heading in the right direction, it’s worth laying out your vision:
A start-up should see HR as an equally crucial segment of the company as any other if it wants to be one of the few to survive. This ensures employees are onboarded well, feel appreciated and well looked after, and avoids the headache of compliance or tax issues. However, the management of a start-up HR department requires some specific considerations, so it helps to have a checklist:
There’s a common misconception that an HR department deals with just paperwork or administrative tasks, but this isn’t true. HR is one of the foundations of a company, and using appropriate software tailored to a start-up will set it firmly on the road to success.
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