The
Small Business Administration (SBA) and the Society for Human
Resources Management estimate that small employers with less than 500
employees spend between
3% to 9% of gross payroll on distractions and lost opportunities.
With
just two employees at $2,000 each per month, this equates to at least $120
all the way up to $360 per month.
...way
more than the cost of letting Abel do all this work for you.
...therefore
if you outsource to Abel, you will actually spend less money
out of your
bottom
line profits by outsourcing than by doing it yourself.
Your
REAL COSTS entail all the time that you are spending on the following:
-
Employer Compliance issues with
all federal, state, and local laws.
-
Payroll administration and reporting.
-
Personnel Files maintenance.
-
Shopping for your various insurance
requirements.
-
Employee queries about payroll,
insurance, benefits, corrections, etc.
-
Associated computer, printer,
and software costs.
-
Record-Keeping of all types.
-
Tax Filings.
-
Costs of turnover, recruiting,
and training new administrative hires.
-
Trips to the bank and bank per-check
fees.
-
Costs of paychecks, envelopes,
mailings, etc.
-
Trips to the office supply store
for employee work stations, supplies, etc.
-
Various types of claims.
-
Audits.
-
Training bookkeepers and administrators.
-
Downtime of office staff.
-
Fines from compliance violations.
-
Late Fees.
-
Legal Fees.
-
Penalties.
-
Employee Litigation, etc..
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