This document summarizes the key findings of a survey on best practices for small and medium businesses. The survey was commissioned by Perquest, a provider of outsourced business solutions. Some of the main findings include: (1) Time distractions and people management issues are increasing challenges for businesses; (2) Finding and retaining talent remains a top concern; (3) Financial compensation alone is not enough to attract and retain employees; (4) Most small businesses do not use business metrics and analytics; and (5) Outsourcing can help instill best practices to reduce costs and improve processes. The report provides data on business trends, challenges, tools to improve performance, and outsourcing best practices. It recommends that small
Choosing the right Professional Employer Organization will help your business remain in compliance, leverage the efficiencies of great technology, and facilitate access to comprehensive capabilities that will benefit your business and its employees. So what are the most basic and key things you need to know about PEO?
Personalized Workforce Optimization Solutions Just for YouADP, LLC
You’re looking for a clear path to managing the financial and HR processes so vital to your business. We can pave that road for you. We will deliver a personalized workforce optimization solution that meets your unique business challenges. We will provide you with the expertise, tools and resources to maximize your organization’s HCM investment.
Companies have traditionally performed a large range of functions in-house, regardless of internal capability, or criticality to the business. This was driven by the absence of dependable service providers to outsource to and partially because of insecurity. Most companies pursued vertical integration to control the value chain1. The 90s challenged this mindset when Hamel and Prahlad’s theory of core competence captured the imagination of CEOs worldwide. Core competence theory seemed to urge businesses to stay focused only on functions and processes that were core to the organization.
How competitive is your workforce compared with that of other companies? This is a critical question that, up until now, could only be answered by third-party, survey-based benchmarks that are often out-of-date, based on small sample sizes, and lacking the right detail for you to take action. Benchmarking from ADP offers the unmatched ability to compare your workforce data to market averages, based on real, up-to-date anonymized and aggregated HR and pay data from ADP’s U.S. client base of 24 million employees.
Learn how Blackstone found significant value in deploying a single global payroll solution and transferred that knowledge across the firm’s private equity portfolio.
The New Process Genome: Recoding Business Process Work to Thrive in the Moder...Cognizant
Work processes, including those in the banking, healthcare and insurance industries, are undergoing significant change -- making it hard for executives to maintain the status quo. Best practices and new research insights emphasize the new role of shared services,and how businesses can begin to re-code their business process architecutres to reduce costs, drive innovation and successfully compete in the digital economy.
As a leader in Human Capital Management, ADP® has embraced talent acquisition as the forefront of attracting, recruiting, engaging and retaining top talent. Our overall talent acquisition strategy is tailored to support each individual client’s needs. Companies can engage in full outsourcing of the recruitment process, recruitment technology, pre-employment screening and recruiter training or select components of each service.
Choosing the right Professional Employer Organization will help your business remain in compliance, leverage the efficiencies of great technology, and facilitate access to comprehensive capabilities that will benefit your business and its employees. So what are the most basic and key things you need to know about PEO?
Personalized Workforce Optimization Solutions Just for YouADP, LLC
You’re looking for a clear path to managing the financial and HR processes so vital to your business. We can pave that road for you. We will deliver a personalized workforce optimization solution that meets your unique business challenges. We will provide you with the expertise, tools and resources to maximize your organization’s HCM investment.
Companies have traditionally performed a large range of functions in-house, regardless of internal capability, or criticality to the business. This was driven by the absence of dependable service providers to outsource to and partially because of insecurity. Most companies pursued vertical integration to control the value chain1. The 90s challenged this mindset when Hamel and Prahlad’s theory of core competence captured the imagination of CEOs worldwide. Core competence theory seemed to urge businesses to stay focused only on functions and processes that were core to the organization.
How competitive is your workforce compared with that of other companies? This is a critical question that, up until now, could only be answered by third-party, survey-based benchmarks that are often out-of-date, based on small sample sizes, and lacking the right detail for you to take action. Benchmarking from ADP offers the unmatched ability to compare your workforce data to market averages, based on real, up-to-date anonymized and aggregated HR and pay data from ADP’s U.S. client base of 24 million employees.
Learn how Blackstone found significant value in deploying a single global payroll solution and transferred that knowledge across the firm’s private equity portfolio.
The New Process Genome: Recoding Business Process Work to Thrive in the Moder...Cognizant
Work processes, including those in the banking, healthcare and insurance industries, are undergoing significant change -- making it hard for executives to maintain the status quo. Best practices and new research insights emphasize the new role of shared services,and how businesses can begin to re-code their business process architecutres to reduce costs, drive innovation and successfully compete in the digital economy.
As a leader in Human Capital Management, ADP® has embraced talent acquisition as the forefront of attracting, recruiting, engaging and retaining top talent. Our overall talent acquisition strategy is tailored to support each individual client’s needs. Companies can engage in full outsourcing of the recruitment process, recruitment technology, pre-employment screening and recruiter training or select components of each service.
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...Waldron
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When management opens the books and reveals the financials to the workforce, it is a sign of good faith, entrusting employees with the tools to make business improvements. It is also evidence of a commitment to collaboration, giving employees the broadest and deepest exposure to major changes in the business.
Consulting Industry in India - Problems, Solutions, OpportunitiesConsultgenie
The presentation in short explains the innumerable problems related to consulting industry in india and how we can get you the right solution. We help you sort the problem on one click.
Don't miss this opportunity - Register Now as a buyer: http://consultgenie.com/registration/register.do
Stay connected to us on the following platforms:-
@consutgenie On Twitter
consultgenie On Facebook FanPage
consultgenie.wordpress.com On Corporate Blog
Infogencer Solution Audits provide an independent and objective third-party assessment of a vendor’s technology solution or service from a business perspective. They provide not only a detailed assessment of a solution’s capabilities, but also insight into the key business challenges which those capabilities can help organizations to address. By providing this analysis in a common format and which is free from any of the unnecessary hype or jargon which so often pervades the technology industry - Infogencer Solution Audits provide a practical and trusted resource which enable organizations to identify and compare capable technology solutions and services.
Each Infogencer Solution Audit is published by Infogencer following our independent research and interviews with the company’s executives. It presents our sole opinion and has not been sponsored or commissioned by the vendor, their partners or any other affiliated organization.
The information contained within each Infogencer Solution Audit represents our own opinion. We also rely on information provided to us by a variety of sources outside of our control. As a result, we do not make any guarantees as to the validity or accuracy of the information contained within this document.
An IT Perspective of an Acquisition: The Top Six Must-Do Listeprentise
Nearly two-thirds of mergers fail to capitalize on potential synergy due to an inability to integrate or consolidate diverse cultures, processes and technologies. These companies experience a Value Gap – the unhappy coincidence of achieved value offset by unanticipated challenges, reducing value from the merger. By following six essential steps for post-merger success, you can overcome the Value Gap using Emergent Value – synergies after the deal is made that can add energy, creativity and create opportunities.
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...Waldron
Achieving HR Excellence: A Global and Evidence-Based View. Powerpoint Deck from from May 30 Presentation with John Boudreau highlighting findings from his (and Ed Lawler\'s) forthcoming book.
When management opens the books and reveals the financials to the workforce, it is a sign of good faith, entrusting employees with the tools to make business improvements. It is also evidence of a commitment to collaboration, giving employees the broadest and deepest exposure to major changes in the business.
Consulting Industry in India - Problems, Solutions, OpportunitiesConsultgenie
The presentation in short explains the innumerable problems related to consulting industry in india and how we can get you the right solution. We help you sort the problem on one click.
Don't miss this opportunity - Register Now as a buyer: http://consultgenie.com/registration/register.do
Stay connected to us on the following platforms:-
@consutgenie On Twitter
consultgenie On Facebook FanPage
consultgenie.wordpress.com On Corporate Blog
Infogencer Solution Audits provide an independent and objective third-party assessment of a vendor’s technology solution or service from a business perspective. They provide not only a detailed assessment of a solution’s capabilities, but also insight into the key business challenges which those capabilities can help organizations to address. By providing this analysis in a common format and which is free from any of the unnecessary hype or jargon which so often pervades the technology industry - Infogencer Solution Audits provide a practical and trusted resource which enable organizations to identify and compare capable technology solutions and services.
Each Infogencer Solution Audit is published by Infogencer following our independent research and interviews with the company’s executives. It presents our sole opinion and has not been sponsored or commissioned by the vendor, their partners or any other affiliated organization.
The information contained within each Infogencer Solution Audit represents our own opinion. We also rely on information provided to us by a variety of sources outside of our control. As a result, we do not make any guarantees as to the validity or accuracy of the information contained within this document.
An IT Perspective of an Acquisition: The Top Six Must-Do Listeprentise
Nearly two-thirds of mergers fail to capitalize on potential synergy due to an inability to integrate or consolidate diverse cultures, processes and technologies. These companies experience a Value Gap – the unhappy coincidence of achieved value offset by unanticipated challenges, reducing value from the merger. By following six essential steps for post-merger success, you can overcome the Value Gap using Emergent Value – synergies after the deal is made that can add energy, creativity and create opportunities.
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Java EE Application Security With PicketLinkpigorcraveiro
In this presentation we will take a look at PicketLink, a security framework for Java EE and learn how its identity management, authentication and authorization features can be used to address the security requirements for all aspects of application development.
Markedsføring og digitale aktiviteter på B2B-markedet har meget at lære fra B2C. Vi ser i stigende grad B2B-virksomheder fokusere på digital forretningsværdi, kundeoplevelser og aktivering af virksomhedens data for at skabe nye produkter, procesoptimering og andre kundefordele. Dermed forbedrer du dine kunders adgang til dine kerneprodukter, services, selvbetjening og kundeservice samtidig med at relationen styrkes, dialogen kvalificeres og dit produkt differentieres fra konkurrenternes.
Denne præsentation fokuserer 100 % på dig som B2B-markedsfører eller -forretningsudvikler. Du vil se konkrete eksempler på, hvordan du skaber bedre oplevelser for professionelle digitale kunder. Oplev, hvordan landets største virksomheder på B2B-markedet skaber nye produkter og services via digitalisering, og hvordan du selv kan låne ideer og koncepter til din egen virksomhed.
Præsenteret af Thomas Dolberg, Lead Business Consultant og Lars Elkjær Andersen, Account Director.
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How to Build a Business Case for ERP ReplatformingBlytheco
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Small Businesses and Startups face several challlenges and require advice and support. We have developed key solutions to help small businesses and startups to grow.
Merchant Retention Case Study: A top merchant acquirer client improved a key function in retention and saw significant upsides to retention rates, margins, and operational efficiencies.
Sustainability is not a concept; it’s a strategic imperative. To be competitive sustainability must be woven throughout your business beginning with your strategy, leveraging your human resources and optimizing your business processes. Sustainability = profitability.
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The world of data analytics is booming, offering exciting opportunities to those who can unlock the power of information. This talk will equip you with a roadmap to kickstart your data analytics journey. We'll explore three key areas to empower your beginning: Business Acumen: Gaining a business understanding is crucial. We'll discuss how to translate business problems into data-driven solutions, ensuring your analysis is relevant and impactful. Six Sigma Foundations: This problem-solving methodology can be a valuable asset. We'll delve into the basic principles of Six Sigma and how they can improve your data analysis approach, leading to more efficient and accurate insights. Data Analytics Fundamentals: We'll introduce essential data analysis concepts like data wrangling, visualization, and basic statistics. Understanding these fundamentals will equip you to handle and interpret data effectively. By combining business acumen, Six Sigma principles, and foundational data analysis skills, you'll be well-positioned to embark on a rewarding data analytics journey. This talk will provide a clear starting point and ignite your curiosity to explore this dynamic field further. at the end we shall share some business cases from our success stories.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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https://viralsocialtrends.com/vat-registration-outlined-in-uae/
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Sustainability: Balancing the Environment, Equity & Economy
Small Business Research Findings
1. Perquest, Inc.
PO Box 70130
1333 Broadway, Suite 1015
Oakland, CA 94612
1.866.576.5340
www.perquest.com
Running a small or medium size
business today requires the ability
to look outside the business for
• solutions,
• ideas,
• and best practices.
2008Small Business Best Practices Report
Executive Summary
Compliments of:
Chapter 1
2. Perquest 2
2008 Small Business Best Practices Report Executive Summary
The 2008 Small Business Best Practices Report publishes the results of a survey
of small and medium size businesses commissioned by Perquest Inc.
The survey report consists of 5 chapters.
1. Executive Summary
2. Business Trends
3. Business Metrics Best Practices
4. Compensation Best Practices
5. Outsourcing Best Practices
Complimentary copies of these chapters
are available from your Perquest Agent.
3. Perquest 3
2008 Small Business Best Practices Report Executive Summary
2008 Benchmark Best Practices
Executive Summary:
Employers have entered an era of unprecedented challenge
when it comes to managing a business: rising customer ex-
pectations, talent shortages, generational change, legal risks,
outsourcing needs, and technology advancements are just a
few factors significantly impacting the success or failure of
any business. Running a company today requires the abil-
ity to look outside the business for solutions, ideas, and best
practices. Escalating this challenge is the Internet, globaliza-
tion, and competition from larger enterprises (think SAP in
software, Wal-Mart in retail, or H&R Block in tax account-
ing) in all product and service lines.
Best practices are new standards for the betterment
of small businesses. Practices include:
1. Focus all employees on revenue-producing activities
(eliminate internal non-core activities)
2. Make planning and daily decisions using metrics and
business analytics at both the executive and
front-line levels
3. Use outsourcing partners to learn and instill best
practices (processes, technology, systems) and reduce costs
4. Proactively mitigate employee, environment,
competitors, and legal risks
While small businesses face a multitude of daily challenges,
they have the advantages of being agile, flexible, customer
centric, and more apt to develop and respond to innovation.
Small businesses can also more readily adopt best practices
which is one of the reasons why Perquest, a leading provider
of small business outsourced solutions, is releasing the results
of this survey.
This report summarizes the survey results and illustrates our
insights from working with thousands of small businesses.
The key findings detailed in this report discuss how small
businesses struggling with financial, employee, customer
and time-related issues can effectively adopt best practices to
compete with larger enterprises for customers and employees.
What is a Best Practice?
Best practices are the most efficient (least
amount of resources) and effective (best
results) way of accomplishing an activity
based on proven, repeatable procedures
Leading companies use best practices—a
philosophical approach based around con-
tinuous learning—to find ideas and strategies
to improve performance.
A best practice can be a method, process,
activity, incentive, or reward that is more
effective at delivering a particular outcome
than any other technique or process.
4. Perquest 4
2008 Small Business Best Practices Report Executive Summary
Other findings include:
• Time distractions (84%) and people management
issues (47%) have increased
• Finding talent remains a top concern; subsequently,
retention programs are still an opportunity
for improvement and competitive differentiation
• Companies who rely solely on financial compensation
to attract and retain employees are missing out
• The majority of SMBs are not using business or
operational metrics or analytics
• Outsourcing to instill best practices in terms of
business process and systems is becoming a must
This report provides a snapshot regarding the state
of small business, including:
• Business Change
• Management Time
• Top Business Challenges
• Major Workforce Challenges
• Tools to Improve Performance
• Employee Motivational Tools
• Outsourcing Best Practices
• Payroll Solutions
• Survey Respondent Demographics
Why Best Practices?
Improve Performance
Continual focus on raising the bar and
setting new standards of excellence is
a requirement for leading firms
Remain Competitive
Given today’s legal and talent landscape,
large enterprises have an inherent advantage
of more resources that can be overcome
only with better processes and ideas.
Reduce Costs
Small and medium size businesses (SMBs)
do not have the financial pockets of big
businesses to “re-invent the wheel.”
Avoid Mistakes
Learn from others—save time, money, and
headache.
Find New Ideas
Given advancements in every facet of
business, innovation is a requirement and
key driver of American business success.
5. Perquest 5
2008 Small Business Best Practices Report Executive Summary
Respondent Demographics
Surveys were collected from executives, managers and staff
across a wide range of industries throughout the US. The
data for this report was collected during the first half of
Q4 2007. Respondents were asked their views regarding
business management and workforce practices.
Respondent by Role
Respondent by Company
Size (# of Employees)
14%
10%
76%
Owner, President,
C-Level Executive
Manager
Non-Payroll
VP/Director
23%
14%
10%
14%
10%
19%
10%
250+
1-4
5-9
10-19
20-49
50-99
100-249
Respondents By Industry
3% Business Services
3% Construction
6% Consulting
3% Customer Services
3% Distribution/Transportation
3% Energy
6% Financial Services
12.5% Healthcare/Life Sciences
3% HR Technology and Services
3% Legal
15.8% Manufacturing
3% Media/Advertising
12.5% Other
6% Outsourced Services Provider
9.5% Retail/Wholesale
6% Telecommunications
6. Perquest 6
2008 Small Business Best Practices Report Executive Summary
About Perquest
Perquest is an innovative provider of online payroll and employer services to small and medium size
businesses in the United States. It delivers high quality, easy-to-use comprehensive services marketed
through a network of professional agents focused on helping companies in their community grow
and prosper. For more information, visit www.perquest.com.
Company History
2001
Perquest founded
2002–05
Pioneered Internet-based payroll services for
small business
2003
Launched QuickBooks interface
2004
Launched client accountant access functionality
2004
Passed the IRS Assurance Testing System
(ATS) and Business Acceptance Testing
(BATS) requirements for software developers
2005
Became the exclusive payroll partner for
Net Suite, the worlds largest on-demand
accounting service
2006
Tom Sinton named CEO (renowned payroll expert
& innovator, founded ProBusiness, 4th largest
payroll provider in the US)
2006
Assembled the best senior management team
in the industry
2007
Raised $25 million from venture capital and
private equity firms
2007
Launched next generation on-demand payroll
service
2007
Launched the industry’s first ever payroll analytics
for small business
2007
Launched the new Perquest Portal and website
www.perquest.com
8. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
www.perquest.com
Perquest 2008 Benchmark Best Practices Report
What is a Best Practice?
Best practices are defined as the most efficient (least
amount of resources) and effective (best results) way of
accomplishing an activity, based on proven, repeatable
procedures.
Leading companies utilize best practices - a
philosophical approach based around continuous
learning – to find ideas and strategies to improve
performance.
A best practice can be a method, process, activity,
incentive, or reward that is more effective at delivering a
particular outcome than any other technique or process.
Why Best Practices?
Improve Performance: Continual focus on raising the bar
and setting new standards of excellence is a
requirement for leading firms.
Remain Competitive: Given today’s legal and talent
landscape large enterprises have an inherent advantage
of more resources which can only be overcome with
better processes and ideas.
Reduce Costs: SMBs do not have the financial pockets
of big business to "re-invent the wheel".
Avoid Mistakes: Learn from others – save time, money,
and headache.
Find New Ideas: Given advancements in every facet of
business, innovation is a requirement and key driver of
American business success.
2008 Benchmark Best Practices
EXECUTIVE SUMMARY
Employers have entered an era of unprecedented
challenge when it comes to managing a business:
rising customer expectations, talent shortages,
generational change, legal risks, outsourcing needs,
and technology advancements to name a few factors
significantly impacting the success or failure of any
business. Today, running a company requires the
ability to look outside the business for solutions,
ideas, and best practices. Escalating this challenge
the Internet, globalization, and competition from
larger enterprises (think SAP in software, Wal-Mart in
retail, or H&R Block in tax accounting) in all product
and service lines.
Best practices are new standards that must be
embraced by small business such as:
1. Focus all employees on revenue producing
activities (eliminate internal non-core
activities)
2. Make planning and daily decisions using
metrics and business analytics at both the
executive and front-line levels
3. Utilize outsourcing partners to learn and instill
best practices (processes, technology,
systems) and reduce costs
4. Proactively mitigate employee, environment, competitors, and legal risks
While small businesses face a multitude of daily challenges, they have the advantages of being agile, flexible,
customer centric, and are more apt to develop and respond to innovation. Small businesses can also more
9. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
www.perquest.com
2Perquest 2008 Benchmark Best Practices Report
readily adopt best practices which is why Perquest, a leading provider of small business outsourced solutions,
conducted this survey.
This report summarizes the survey results and illustrates our insights from working with thousands of small
businesses. The key findings detailed in this report discuss how small businesses that struggle with financial,
employee, customer and time related issues can effectively adopt best practices to compete with larger
enterprises for customers and employees.
Other findings include:
► Time distractions (84%) and people management issues (47%) have increased
► Finding talent remains a top concern; subsequently, retention programs are still an opportunity for
improvement and competitive differentiation
► Companies who rely solely on financial compensation to attract and retain employees are missing out
► The majority of SMBs are not using business or operational metrics or analytics
► Outsourcing to instill best practices in terms of business process and systems is a must
This report provides a snapshot regarding the state of small business and includes the following tables and
graphs:
1. Business Change…………………….………………………………………….…………………………..……3
2. Management Time…………………..………………………………………….…………………………..….…4
3. Top Business Challenges……………………………..………………………..…………………………..……5
4. Major Workforce Challenges…………………………….……………………..……………………………..…5
5. Tools to Improve Performance………………………………………………...………………………….…….6
6. Employee Motivational Tools….………………….……………………………………………………….….…8
7. Outsourcing Best Practices………………………………………………………………………………….…...9
8. Payroll Solutions………………………………………………………………………………..…………….….11
9. Survey Respondent Demographics……………………………………………………………………………12
10. 1333 Broadway | Suite 1015 | Oakland CA 94612
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3Perquest 2008 Benchmark Best Practices Report
BUSINESS TRENDS
2008 Economic Outlook:
While industry specific forecasts should be examined for each business, numerous economists forecast the
overall economy to have moderate growth with a 2-4 percent GDP increase in 2008 after a near-term
slowdown in Q4 20071
. Slow to moderate growth should keep inflation and interest rates under control as
economists expect consumer prices to rise less than 2.5 percent next year and interest rates to stay within .25-
.5% of current levels. This forecast should allow the market to move directionally upward.
OVER THE PAST TWO YEARS, WHAT HAS CHANGED IN SMALL BUSINESS:
Business Change
5%
0%
0%
0%
5%
11%
0%
5%
0%
37%
0%
21%
0%
26%
32%
21%
58%
11%
16%
11%
53%
37%
37%
26%
21%
32%
63%
37%
32%
0%
11%
21%
0%
11%
21%
26%
5%
Costs
Number of employees
Legal and compliance issues
People management issues
Performance relative to competitors
Profits
Time distractions
Total revenues
Decreased by More than 25 Percent Decreased
No Change Increased
Increased by More than 25 Percent
Business is getting more complex and demanding and profits are struggling to keep pace with rising costs.
Illustrated by the green bars in the chart above, costs and revenues are rising but profits are not in proportion
as indicated by the lack of green. Also, in regards to “Performance relative to competitors,” only 1 in 5 firms
illustrated improvement over the last two years highlighting the need for new ideas and business processes.
1
Courtesy of CNN.com via The National Retail Federation, Sales expected to rise 4% in December which is the lowest increase since
2002 of 1.3%. Also of note: ShopperTrak RCT Corp reports that sales on Black Friday rose 8.3% - sales on Black Friday are usually
about 5% of all holiday sales.
11. 1333 Broadway | Suite 1015 | Oakland CA 94612
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4Perquest 2008 Benchmark Best Practices Report
2008 TOP TEN WORKFORCE TIPS
10. BENCHMARKING DATA – Benchmarking brings new methods, ideas and tools to improve effectiveness. It helps
“crack through resistance” by demonstrating better methods of solving problems used by others.
9. BUSINESS ANALYTICS – Analytics is the process of turning data into useful information for decision making. Tools
and visuals to analyze key performance indicators, such as Paid Time Off (PTO) Liabilities, Overtime Analysis, or
Employee Turnover are readily available.
8. OUTSOURCING – Use external providers to focus managers and employees on revenue activities and at the same
time improve business processes while spending proportionally less than competitors.
7. PAY FOR PERFORMANCE – Align all employee activities with business goals though compensation, incentive, and
award programs. Transparency between employee and manager on performance is key.
6. MITIGATE RISKS – Legal, employee issues, competitor suits - don’t wait for a landmine!
5. PLAN FOR SUCCESSION – Whether for knowledge transfer, promotion, or growth, emphasizing cross-training and
diverse experiences increases retention of younger and older workers, plus delivers a more capable, profitable team.
Top Ten Workforce Tips is Continued on Page 7
Activity Preference
Administrative HR Less time (40%)
Day-to-day people management Less time (30%)
Strategic people management More time (20%)
Payroll Outsource (20%)
Recruiting Less time (30%)
Strategic HR More time (20%)
How Would You Prefer to Spend Your Time?
MANAGEMENT TIME:
Time distractions have clearly increased for the vast majority of employers (84%); it is noteworthy that 0
percent had time distractions decrease. Employers will face more and more paperwork as the push for more
disclosure, either regulatory or market driven, continues.
Today there are many time saving options to consider. More than 80 percent of small businesses outsource
some component of their business to save time, reduce
costs, and improve performance - from IT to payroll to
tax accounting etc. How to best spend time is open for
debate, but choosing how to best allocate executives’,
managers’, and employees’ time on revenue producing
activities is critical.
In summary: costs, challenges and time requirements
are increasing; the small business that learns how to cope (spend less on a percentage basis than rivals) will
thrive while those that ignore rising issues will lag behind and potentially fail.
12. 1333 Broadway | Suite 1015 | Oakland CA 94612
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5Perquest 2008 Benchmark Best Practices Report
BUSINESS CHALLENGES FOR Q1 2008:
Small businesses face a multitude of
daily challenges ranging from financial
considerations such as payroll and cash
flow, to people issues, yet many SMBs
do not have the economies of scale or
resources of larger firms. However,
SMBs must compete with corporations
for employees and customers.
According to research, a major issue
facing small business is ensuring
adequate cash flow for operations. That
is no real surprise as most small business owners say cash flow is the issue that keeps them awake at night.
TOP 3 WORKFORCE HEADACHES:
Each of the challenges in the graph to
the right is a cost, time, or strategic issue
that must be dealt with for any business
to succeed. Nothing makes employees
more uneasy than an unsatisfactory
working environment – whether it is a
bad boss, misaligned work activities, or
fear of not being paid. Companies must
meet the basic needs of employees such
as timely and accurate payment of
compensation and provide a motivating
organization environment.
13. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
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6Perquest 2008 Benchmark Best Practices Report
Business Metrics
What is not known will potentially destroy a small business. Operating on "gut instinct" means assumptions,
confusion, and emotions rule decision making. By monitoring key business metrics, (most consultants would
recommend 8-10 indicators), the probability of success is increased as firms that use hard data and facts gain
visibility and a decision making tool. However, the majority of small businesses are not leveraging
business metrics to make better management decisions for their companies2
. Driving this issue is the
fact that 50 percent of firms do not use budgets or forecasts to help manage their business and 32 percent do
not have specific metrics in place to monitor performance on a daily or weekly basis.
BUSINESS PERFORMANCE NEEDS:
Only 1 in 5 participants agreed that metrics are as important to them as their financial statements thus
illustrating the need. Another finding indicated only 21 percent of participants measure their return on
investment of marketing
and sales dollars, and
only 11 percent stated
that they regularly
monitor non-financial
indicators, like customer
retention or employee
turnover to further
evaluate business
performance.
What is the point of
metrics and benchmarking? Bottom-line: it is a means of empowering employees, mitigating risks, creating
results, and capturing market opportunity.
2
2007 CPA2Biz survey of 500 small businesses with less than $2M revenues: subsidiary of the American Institute of CPAs.
Tools to Improve Performance
31%
22%
22%
22%
16%
9%
0% 5% 10% 15% 20% 25% 30% 35%
Benchmarking data (industry / competitor trends)
Business analytics (metrics)
Performance and compensation alignment
More time to focus on your core business
Tactical day-to-day people help
Strategic help
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7Perquest 2008 Benchmark Best Practices Report
Implementing Metrics is as Simple as 1,2,3:
1. Define the Metrics. For each business goal or objective, create a ratio to track progress towards success on a time
(weekly, monthly, etc.) and group (by location, division, group, etc.) basis.
2. Benchmark and Monitor. Monitor the firm’s top 8-10 metrics on a weekly basis against last week, last month, last
year and against competitors as applicable.
3. Communicate Metrics with Employees. Metrics are only as important as their affect on employee actions and
activities. Collaborate with key employees, align employee compensation and rewards as needed to ensure that
employees are focused on activities that match the business’ goals. Then everyone will make decisions that improve
the business.
Example metrics:
Professional Services: average hours worked per project, number of proposals in the pipeline, number of prospect
appointments set per month
Restaurants: number of seats filled per dining time and day of week, average total ticket per table, total daily sales
broken down by food or beverage category
Retailers: daily sales against last month and last year’s sales, average total sales receipt per customer, repeat visits
(use of store coupon or card)
Keep in mind metrics are indicators – they will be the yellow flag if something is off and needs improvement.
2008 TOP TEN WORKFORCE TIPS – Continued from page 4
4. METRICS – Monitor 8-10 top metrics to stay on track – both financial and non-financial signposts are needed to reflect
performance and make decisions – remember what is measured is completed.
3. AUTOMATE WORKFLOW – Go paperless: streamline processes to improve efficiency and provide better visibility for
reporting.
2. FOCUS ON RETENTION – Re-recruit top performers before they receive better offers. Replacement costs per employee
are an average of $10k for nonsalaried and $50k per salaried worker. Remind top performers they are valued and
discuss career opportunities and development on a quarterly basis.
1. OPTIMIZE WORKFORCE EFFECTIVENESS – Has the business optimized talent such that it is generating the highest return
on the investments in the workforce? Step two: How effective and sustainable is leadership across the business?
Because business dynamics can change like stocks – knowing when to respond to trends, like buying and
selling at the right time, can be the difference between a poor and profitable year. Since “Hope is not a
strategy,” a key management responsibility taking advantage of simple tools to better manage profitability and
performance. Common sense tells us that businesses that utilize metrics sleep better.
15. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
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8Perquest 2008 Benchmark Best Practices Report
Employee Motivation Tools
48%
45%
42%
39%
30%
27%
21%
9%
3%
0% 10% 20% 30% 40% 50% 60%
Cash rew ards
Performance review s
Vacation
Spot rew ards
Paid-time-off (PTO)
Flextime
Team rew ards
Work from home time
None
COMPENSATION BENCHMARKS
Benchmarking compensation on an annual basis is a standard operating practice. Aligning employee’s daily
activities with the business’s goals and using a pay-for-performance and/or incentive reward program is a
salient best practice. Annual compensation data can be readily found online using websites such as
Salary.com and searching by job title and zip code.
EMPLOYEE MOTIVATION:
Firms that over rely on cash compensation miss the boat on attracting and retaining employees as all ships
rise in rising water, but during tumulus
times are exposed.
Wondering how to motivate employees?
Incentive programs inspire and
recognize employees for a job well done.
Realize that a misaligned, non-
communicated, or poorly planned
program can be counter-productive or
worse yet, downright devastating for a
business (think overcompensating or
disenchanting key employees). All of the
following should be weighed: individual vs. group, cash vs. non-cash, and incentives vs. base pay.
COMPENSATION LANDMINES:
Legal, regulatory, and compliance issues have increased for almost half of the respondents. Common issues
in 2008 for most small businesses include:
1. Deferred compensation and non unilateral agreements and/or practices
2. Liability management: Discrimination, substance abuse, harassment and violence
3. Recruitment – Standard selection, screening, testing, and hiring process
4. Payroll - Federal and state tax requirements, PTO liabilities, minimum wages, overtime pay, hours
worked, equal pay, and responsibility in maintaining records
5. Independent contractors – The IRS looks at two issues: first, should the contractor really be an
employee and second, is the company providing 1099s to all legal contractors
Business can decrease liability by periodically reviewing operations and policies, comparing
current with projected results, and charting a path to proactively mitigate risks.
16. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
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9Perquest 2008 Benchmark Best Practices Report
OUTSOURCING BEST PRACTICES
The concept of outsourcing non-core activities may never reach full market acceptance, yet it continues to
receive significant market attention. The three most common reasons SMBs outsource3
are:
1. Cost savings
2. Time-saving for strategic activities
3. Improved performance / Service quality improvements
Outsourcing by Function
38%
29%
21%
21%
8%
8%
4%
1%
0%
30%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Payroll
Accounting
Benefits
Legal / Compliance
Finance
Recruiting
Information technology (IT)
Training
Performance management
None
The majority of firms with more than nine employees outsource two of the following:
Payroll: This is the most commonly outsourced function. It includes paycheck processing, tax filings, direct
deposit, wage garnishments, and year-end tax forms.
Benefits administration: Providers help procure competitive rates for comprehensive benefits packages
including health and dental insurance, short-term and long-term disability, life insurance, 401(k) plans, COBRA,
and unemployment insurance.
Recruiting: A provider will manage the hiring process from job postings to testing applicants, and running
background checks while ensuring compliance with non-discriminatory labor laws. They can handle hiring and
firing, review compensation packages, and help structure programs to retain employees.
Regulatory compliance: The primary goal is here is to ensure 100 percent compliance with all federal & state
laws. This includes audits and reporting for all tax filings and corporate regulations, such as FMLA, HIPAA, and
Sarbanes-Oxley.
3
Towers Perrin Research Report reports: #1 cost savings (37percent), time-saving for strategic activities (23 percent), improved
performance / Service quality improvements (14 percent). Aberdeen Group 2006 Benchmark report reports: #1 cost reduction
(69%), focus (63%), and improved end-user service (33%).
17. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
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10Perquest 2008 Benchmark Best Practices Report
Risk management: Providers help determine policies for workplace safety, develop training programs and
safety meetings for employees and ensure workplace follows OSHA regulations.
Technology: This includes various online applications for accounting, marketing and sales i.e. customer
relationship management (CRM), and human resource solutions including payroll and benefits solutions.
HR management: HR outsourcing providers manage compliance and HR policies, direct recruiting, and
provide training.
Choosing an Outsourced Provider Scorecard:
1 2 3 4 5
Experience in similar industry sector
Organizational and cultural fit
Defined goals and objectives for relationship
Sharing of best-in-class processes and technology
Customer support and communication
Product / service quality (accessibility, features, reporting)
Additional Features
Cost-benefit ROI (price vs. value comparison)
SCORECARD TOTAL
SCORE
Factor
Relevance
(Percentage
Weight of
Total Score)
18. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
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11Perquest 2008 Benchmark Best Practices Report
PAYROLL SOLUTIONS:
Payroll Solution
In-house -
Payroll manager
23%
In-house -
Bookkeeper,
controller, office
manager, admin
30%
Outsourced
CPA /
Accounting firm
8%
Outsourced
Payroll Provider
31%
Unsure
8%
More than half of companies with more than nine employees outsource payroll. Many companies utilize
outsourced payroll services to realize:
1. Smoother workflow;
2. Most effective way to do payroll;
3. Fewer mistakes and errors; and
4. Comprehensive services – provider takes care of everything.
CONCLUSION
As this report details, firms must find methods to effectively compete against stiffer competition and escalating
costs as business performance is closely linked to workforce effectiveness.
Best practices are a method for continuous improvement and can be delegated so that it is each employee’s
daily responsibility. Small businesses have many options for reducing costs, streamlining work and saving
time; where to focus effort and resources depends on analyzing the cost-benefit as well as benchmarking
against competitors and/or industry standards. Small businesses that develop business models with lower
costs and more efficient operations on a percentage basis versus the competition are building wealth creation
enterprises.
19. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
www.perquest.com
12Perquest 2008 Benchmark Best Practices Report
RESPONDENT DEMOGRAPHICS
Surveys were collected from executives, managers and staff across a wide range of industries throughout the
US. The data for this report was collected during the first half of Q4 2007. Respondents were asked their
views regarding business management and workforce practices.
RESPONDENTS BY:
INDUSTRY:
Respondents by Industry
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Business
Services
C
onstructionC
onsulting
C
ustom
erServices
D
istribution
/Transportation
Energy
FinancialServices
H
ealthcare
/Life
Sciences
H
R
Technology
and
Services
Legal
M
anufacturing
M
edia/Advertising
O
ther
O
utsourced
Services
Provider
R
etail/W
holesale
Telecom
m
unications
ROLE:
Respondents by Role
VP/ Director
10%
Manager Non-
Payroll
14%
Ow ner,
President, C-
level Executive
76%
COMPANY SIZE BY EMPLOYEE COUNT:
Respondents by Company Size (# of employees)
1 – 4
23%
5 – 9
14%
10 – 19
10%
20 – 49
14%
50 – 99
10%
100 – 249
19%
250+
10%
20. 1333 Broadway | Suite 1015 | Oakland CA 94612
Ph 510.740.6300 Fax 510.238.8835
www.perquest.com
Perquest 2008 Benchmark Best Practices Report
About Perquest www.perquest.com
Perquest has created the easiest payroll service ever! We do this by offering a 100% web based real time
payroll service. It was designed by users to make payroll quick, easy, and error free. We’ve taken old style
paper reports and transformed them into useful charts and graphs to help you make better decisions.
Perquest, Inc.
PO Box 70130
1333 Broadway, Suite 1015
Oakland, CA 94612
1.866.576.5340
www.perquest.com
Company History
2001 Perquest founded
2002–05 Pioneered Internet-based payroll services for small business
2003 Launched QuickBooks interface
2004 Launched client accountant access functionality
2004 Passed the IRS Assurance Testing System (ATS) and Business Acceptance Testing (BATS)
requirements for software developers
2005 Became the exclusive payroll partner for NetSuite, the worlds largest on-demand accounting
service
2006 Tom Sinton named CEO (renowned payroll expert & innovator, founded ProBusiness, 4th largest
payroll provider in the US)
2006 Moved headquarters near the technology capital the world
2006 Assembled the best senior management team in the industry
2007 Raised $25 million from venture capital and private equity firms
2007 Launched next generation on-demand payroll service
2007 Launched the industry’s first ever payroll analytics for small business
2007 Launched the new Perquest Portal and website www.perquest.com