Lexicon, Inc.’s Post

Growing businesses will ALWAYS run into this question: Do I hire a contractor or an employee? Let's run through some of the pros & cons of each option! Hiring In-House: ✅ Long-term commitment ✅ Control your employee's schedule ✅ Control your employee's training ❌ Higher payroll costs ❌ Potentially higher benefits costs ❌ Additional compliance with federal & state employment laws Outsourcing: ✅ Flexible to end your engagement at the end of a contract ✅ No payroll tax/employee benefits costs ✅ Can bring in for special projects that require unique skills ❌ No control over schedule or training ❌ Can lose a contractor at the end of a contract to a different opportunity Whichever option you choose, please make sure you're classifying your new team members correctly to avoid running into major problems with the Department of Labor!

An important day today, reflecting . . . . . . Sometimes you can't make good decisions or come to conclusions, without allowing your subconscious some time to ruminate on a situation. I took some valuable time today to ponder the most efficient staffing structure for a client who is developing their payroll function. I have been assisting with their payroll function for the last few months, but now we need to think about how to transition this function to employees. Obviously the process will be influenced by how many people are available and their individual skill sets. I know I won't come up with the perfect solution today, and without listening to the client's specific needs, but getting my subconscious working on ideas while I go about my week will mean that when discussions happen with the client, my advice will be well considered. Reflection on what is passed, in order to plan what is to come.

🌟 Elevate Your Payrolling Experience with Zing Recruiting! 🌟 Are you ready to revolutionize your payrolling process? Look no further than Zing Recruiting – your ultimate partner for seamless and efficient payroll solutions! ✨ Why Choose Zing Recruiting for Payrolling? ✨ 1️⃣ Streamlined Efficiency: Experience a hassle-free payroll process that saves you time and energy. Zing Recruiting's cutting-edge technology ensures smooth and efficient payrolling for your business. 2️⃣ Accuracy Matters: Say goodbye to payroll errors! Zing Recruiting's advanced systems guarantee precision in every calculation, leaving no room for mistakes. Your peace of mind is our priority! 3️⃣ Compliance Made Easy: Navigate the complex world of payroll compliance effortlessly with Zing Recruiting. Stay up-to-date with the latest regulations, and let us handle the compliance details for you. 4️⃣ Cost-Effective Solutions: Maximize your resources without breaking the bank. Zing Recruiting offers cost-effective payrolling solutions tailored to fit your business needs, helping you save money while ensuring top-notch services. 5️⃣ Dedicated Support: When you choose Zing Recruiting, you're not just getting a service – you're gaining a partner. Our dedicated support team is ready to assist you every step of the way, ensuring a smooth and enjoyable experience. Ready to transform your payrolling experience? Connect with Julie@ZingRecruiting.com to get started on a journey towards efficient, accurate, and hassle-free payroll management. Your success is our mission! 💼✨ #ZingRecruiting #PayrollSolutions #EfficiencyRedefined

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Hire based on scope. Complete the scope, get paid. 💼 Your payroll issues are not my concern. This is why hiring a GC can be tricky—they start here and there, then ask for more funds, showing partial progress. Soon, you might have more project than money because you've been paying upfront. 🚧 Don't fall for the illusion of progress. #realestateinvesting #scopeofwork #realestatecontractors #realestateinvestingcoach #prymewholesalingmethod

Do you know a small business owner overwhelmed with tasks like payroll, invoices, hiring, and social media? With Red Pen Virtual Assistants, they can regain control of their company and personal life. Referrals drive 90% of our business! #bizreferral #virtualassistants #teachersrock

When hiring a new employee, most businesses should budget around $20,000, not counting salary and benefits.(ZipRecruiter) You must also take your time during the hiring process to ensure that your new employee is a good fit for the position and your firm, especially the associated expenses. By choosing ABS Virtual Assistants, you avoid payroll taxes, benefits, admin costs, and even consuming too much time, and still GET TOP-NOTCH TALENT. Let's lock in those savings with a 30-minute demo. Book NOW https://lnkd.in/gihkB_bw HIT LIKE AND FOLLOW for more information! #CostSavings #VirtualAssistants #BusinessEfficiency #Colorado #SmartHiring

Curious about Employer of Record (EOR) in Mexico? 💡 Learn how Employer of Record services with Global Squirrels can simplify your hiring process. 📅 Schedule a Demo: http://bit.ly/3RkiX00 💰 Check Pricing: http://bit.ly/4amf5EG 📑 Read more: https://bit.ly/3OYoY23 #EOR #Mexico #hiringinMexico #payroll #globalhiring #newblogalert #GlobalSquirrels

🚀 Empowering Payroll Management: From Database Creation to Employee Optimization Our journey in database management for Payroll: Database Setup: Initiated then dropped Payroll database. Constructing Employee Details: Built "Employee_Details" table with ID, Name, Joining Date, Designation, Salary, Location. Populating Initial Data: Added initial employee entries. Database Enhancement: Modified structure, dropped 'Gender', added 'Performance_Manager' and 'Department.' Data Refinement: Updated location, salary, designation. Adding New Entries: Welcomed new team members. Data Analysis: Conducted queries for salary, location, alphabetical order. Departmental Assignments: Categorized into Taxation, Finance, Accounting. Database Insights: Calculated average salaries, counted employees. Database Optimization: Aimed for efficiency. This journey ensures accuracy, efficiency, and organizational effectiveness in Payroll management. Stay tuned for more insights!

What's the most supportive thing you can think of? Well we're more supportive than that. We can take some of the pressure off your everyday working life. We can help with your office tasks, do your payroll, help with credit control or do your book keeping. Visit our website at www.foleyandgee.co.uk and see how a virtual assistant can help support you. Let Foley and Gee lighten your load and brighten your day. #virtualassistant#virtual#assistant#remote#bookkeeping#admin#secretarial#eventmanagement#diary#email#managementaccounts#accounts#payroll#travel#dataentry#graphicdesign#vat#corporationtax#office#socialmedia#canva