Small business payroll software streamlines onboarding processes
March 05, 2013
Canada was hit hard by the recent recession that took hold of economies across the globe, and the northern nation is just now starting to get back on track following the downturn. This means that companies throughout the country are becoming increasingly optimistic as their financial conditions continue to improve and consumer confidence rises once again. To help deal with these welcome changes, many businesses are making plans to hire additional employees to handle the influx of customers and clients. While searching for, interviewing and choosing job seekers are all part of the process for bringing on new worker, it doesn't stop there. Firms still need to get these staff members up to speed on operations so they can hit the ground running. One tool that can significantly help with this aspect is payroll software, which allows businesses to enter all information pertaining to new employees and ensure their wages are correct. This technology also complies with all Canadian payroll legislation, ensuring that companies do not violate any regulations.
Full-time hiring to get a boost
The Winnipeg Free Press reports that according to a recent study by the Canadian Federation of Independent Business (CFIB), more than one-quarter of small businesses (27 percent) say they plan to hire more staff members in 2013. This represents the highest level of expected employment among Canadian entrepreneurs since 2009, authors of the research stated.
The source notes that despite the forecasted hiring boost, many of the nation's small businesses are facing a shortage of skilled workers and believe it is difficult to fill positions that call for certain degrees, backgrounds or experiences. For example, nearly half of company owners in the province of Manitoba (49 percent) said that their top operating challenge was seeking out the right people for their available jobs. However, as hiring continues to improve and businesses look for more workers, this shortage is expected to dissipate, analysts forecast.
Confidence contributing to hiring increases
A separate piece of research from the CFIB found that confidence among Canadian small business owners is also increasing. The Business Barometer Index for February jumped half a point from January's figure, coming to 66.2 for the month. While the boost was not extremely strong, the CFIB says that the results are positive and point to continued growth throughout 2013.