Webinar: Paycor Analytics Deep Dive - Manufacturing

The Ins and Outs of Small Business Start-Up Costs

The thought of owning their very own successful small business is an exciting dream for a lot of people. The appeal of not answering to anyone, aside from customers, can be a real driving force for someone who wants to step away from a 9-5 job. Before stepping away from a stable income, however, potential small business owners need to take a step back and think about the actual costs to get started. We’ve compiled this handy list of financial considerations to think about prior to taking the big leap into ownership.Before you can even start, you need to know these three things: What is the product or service you want to sell? Who will be your ideal customers or clients? How do you plan to get the word out about your business? Your...

Take Our HR Benchmarking Quizzes

Paycor's research shows that 75% of high-functioning HR teams spend their time on mastering key pillars of HR excellence. Want to know how your team stacks up against others? Take our benchmarking quizzes to find out and get customized action plans based on your results. Recruiting Benchmark Quiz Benefits Benchmark Quiz Labor Costs Benchmark Quiz People Management Benchmark Quiz Compliance Benchmark Quiz

Webinar: COVID-19 and Unemployment Cost Management

With unemployment across the U.S. skyrocketing, Ohio and 18 other states are revising unemployment laws to ease the burdens of Americans everywhere. How will these laws affect business owners? What do leaders need to do to remain compliant? Watch this webinar to learn more. Speakers: Ezrie Yellin and Katie Watkins Ezrie has worked in the HR compliance industry for 15+ years. He works across HIREtech’s technical and business teams to ensure that all products and services deliver the best user experience while enabling compliance across the employee life cycle. Katie leads the client relations team at HIREtech for several products, including Unemployment Claims Management. Her proficiency in cultivating processes that bridge the gap...

9 Ways to Manage Costs - Infographic

HR and business leaders are looking to cut costs—but cut too deep, or in the wrong places—and you’ll pay for it down the road. Check out this infographic to learn the 9 ways business leaders can manage costs and return to profitability in the future. Forego Discretionary Spending Develop a 90-day cashflow forecast based on your fixed and variable costs. Then, stress test the forecast against best/worse-case scenarios. You want to get a sense of how much (and where) you need to cut. Reduce Extra Supplies & Inventory Reevaluate inventory and supplies from the bottom up—ask what you need, rather than what you can reduce. Consider both best-case and worse-case scenarios: running down stocks might leave you unable to meet the demand of a...