Discover how Cisco is using RoomOS and AI-powered video bars to enhance hybrid meeting equity, interoperability, and user experiences.
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If you’re planning to expand your business, one of your top priorities should be making sure you’re in position to classify and pay employees and independent contractors properly. This is especially important if you’re looking to hire people in any state without any red tape. Today, we’ll talk about what it takes to run payroll and when it’s helpful to engage a partner.
Since payroll is always a complex, high-stakes business, it’s worth investing anything required on the front end to make sure you do it right. Whether you train an in-house team or engage a partner, they need to be in position to classify correctly, stay on top of laws as they change, identify and respond to the different tax requirements, and have a system in place that allows the process to be simple, accurate, and fast. This helps you avoid future fines and legal battles.
Doing it right means doing the following:
Outsourcing payroll is especially valuable in certain situations. If a company needs to hire employees in multiple states, is growing rapidly, and/or needs to hire temporary workers frequently, engaging an Employer of Record (EOR) could be a game changer. An EOR mitigates compliance risks, increases payroll efficiency, and eases the administrative burdens of managing a workforce.
Payroll is one of the most complex and challenging aspects of operating a business and should be given appropriate attention by every business. When a company is growing, payroll is one of the most important aspects of business to have in good working order. The right people on your in-house team or the right partner are essential. If you think a partner would be beneficial to your business, reach out! Relax: We got it.
The post Here’s What to Think About if You’re Expanding Your Business (And Therefore, Your Payroll) appeared first on PayReel.
Still reeling from the effects of the Great Resignation, the workforce landscape has yet to settle. Compounded by an uncertain economic outlook and louder calls for a more positive employee experience, smart organizations are rethinking their labor policies and considering ways to restructure their workforce to stay productive and generate profits.
Let’s explore rising workforce trends and the most effective strategies to stay ahead.
While the immediate impact of the COVID-19 pandemic has receded, societal, economic, and emotional turbulence remain a reality, resulting in overall negative emotions in the workplace. In 2022, 48% of U.S. employees felt stressed on the job, and over 70% of those surveyed believed their organization did not care about their well-being, according to research by Gallup.
Companies are taking note of these concerns, seeking to better support their employees via employee-centric initiatives such as proactive rest and schedule flexibility. These recovery strategies, which encourage workers to stop and recharge guilt-free, have proven effective in significantly reducing employee burnout while enhancing performance and productivity.
With this focus on healing, businesses are also creating open forums and inviting employees to raise concerns and voice their opinions. Such discussions, held without consequence or judgment, provide reliable insight into employee experiences and pinpoint areas where improvement is needed.
Further, more managers are being trained in trauma counseling and conflict resolution. Not only does this training assist them in navigating difficult conversations with employees, but it helps decrease employee stress for a more enjoyable work environment.
The Great Resignation was an eye-opening experience for a vast number of organizations. Paired with economic uncertainty, it has turned the workforce status quo on its head. Many organizations are abandoning traditional staffing models to commit to the “new normal” of remote workers and hybrid flexibility.
Frontline workers, like those in healthcare and manufacturing, have realized there are different types of work available to them — many with much more flexibility than they are accustomed to. They are leveraging these opportunities to have conversations with their employers about job satisfaction, stability, and retention.
Moreover, with the advancements in collaborative technology, there is a significant rise in part-time and temporary hires — otherwise known as contingent workers. This workforce boosts productivity to meet growing market demands while helping companies scale effectively, reduce risks, and manage costs.
To encourage contingent workers to join their organizations, businesses are turning to employers of record (EORs) that handle more than just payroll. Certain EORs provide complete HR solutions, including but not limited to:
The phenomenon of “quiet quitting,” defined as employees who do the minimum required in their role in order to retain employment without going above and beyond for their employer, has dominated work-related headlines over the past year. While these disengaged employees may not physically leave their positions, their impact is still felt because most jobs today require some level of extra effort to meet customer demands and establish strong relationships with co-workers and management.
Moreover, as many employee career paths continue on nonlinear trajectories, with roles and responsibilities blending into one another, employers face the challenge of pinpointing suitable people to fit ever-evolving positions. Many companies are seeking to diversify and expand their talent pipelines to bring in fresh, albeit nontraditional, candidates.
But to do this successfully, employers must be comfortable assessing and evaluating candidates differently than they have in the past — in some cases, removing prerequisites like formal education and specific experience requirements from job postings. As many employers struggle with taking such a nontraditional approach to attracting talent, they are increasingly partnering with staffing and executive hiring firms that have access to a wide pool of promising candidates.
An experienced staffing partner helps guide their clients through the end-to-end hiring process, alleviating their burden by providing robust talent acquisition solutions — from screening candidates against organizational requirements and running background checks to negotiating contracts and wages on the employer’s behalf. Not only does outsourcing connect organizations with quality talent, but it also helps reduce the strain on their HR team — saving time, money, and energy.
As the global workforce model continues to evolve, it is more important than ever that businesses stay on top of trends to keep their competitive edge.
Established in 1988, Maslow Media Group strives to be a single resource for its clients, providing qualified talent while offering comprehensive EOR, executive recruiting, and HR management services. With a team of over 1,800 talented individuals nationwide, Maslow Media is the name in workforce management solutions.
The post Workforce Trends To Watch appeared first on Maslow Media.
It’s no secret that Ad Supported Video on Demand (AVOD) is on the rise. Even with the current momentum, many providers are quickly realizing the challenges that exist in this monetization model.
Whether pivoting from a subscription model or getting started with streaming video, Caretta Research has noted that AVOD is a major commitment in both technology and resources. Furthermore, maximizing the revenue potential requires a new level of expertise, not to mention continued investment and experimentation as the industry navigates through this transformation.
For the unprepared, the obstacles to building a successful AVOD strategy are significant. But for those ready to tackle the technology, data, and operations challenges, AVOD offers more than commensurate benefits.
Technology Considerations
Having the appropriate technology is necessary, but knowing how to establish an ad tech stack that will empower revenue results without waste is the real challenge. Media companies entering into AVOD should strive for the right mix of flexibility and sophistication while keeping cost and integration efforts in mind. The following principles can help ensure a strategy is both effective and efficient.
Select specialists. Focus on the systems and tools that are pivotal to your streaming environment. If FAST is the focus, choose ad servers, channel facilitators, and technology providers specializing in this space rather than those built primarily around the web.
Prepare for fraud. Particularly in CTV environments, ad fraud is a growing concern and poses the risk of disruptive user experiences, bad ads, and damaged advertiser relationships. For example, a larger inventory can provide more opportunities for fraudsters to insert fake or low quality ad impressions, leading to wasted ad spend and less effective ad campaigns. Leveraging SSAI can mitigate ad fraud, especially when using a platform that handles SSAI in-house as opposed to a third party. SSAI is also an optimal ad insertion technique for maintaining a seamless viewing experience without excessive ad loading delays.
Prioritize load times. Too many intermediaries, a slow content delivery network (CDN), and suboptimal video encoding processes can significantly affect load times. Optimizing for a smooth playback will minimize user frustration and maintain viewer engagement.
Data Considerations
Unified data paints a holistic picture, which informs accurate projections for future decisions. That’s why interconnected ad tech systems are critical: they need to pass information to and from one another and in similar fashion. Providers investing in smart data tools will be able to see which metrics are most important not just to ad revenue, but the entire viewer experience. In turn, businesses can achieve growth in revenue and engagement without compromising one or the other.
It’s equally important to consider the information made available to tech partners. Not only are transparency and privacy a must, so is signaling. Content, audience, and other identifiers allow marketplaces to be selective in their buying and empower packaging for internal sales teams. By harnessing data for targeting, AVOD platforms can enhance user experiences by increasing ad relevance and drive engagement—benefiting viewers and advertisers alike.
Operations Considerations
Like any other kind of advertising, sales operations in AVOD requires a well thought out structure with the right mix of talent. Inventory management, pricing and packaging, sales support and training, and reporting and analytics are all important factors to be considered.
However, due to the unique nature of video content consumption, AVOD differs from web-based operations. Since this is not an area of expertise for traditional ad ops teams, it’s imperative they understand several aspects unique to the video landscape.
Video formats. AVOD platforms deal primarily with video content, requiring specific considerations for video ad formats. Ad ops teams need to ensure seamless integration of video ads within the content, maintaining visual and audio quality while optimizing for different devices and screen sizes.
Ad insertion and timing. Ad ops teams must strategically determine the placement and timing of these ads to balance user experience and ad revenue. They also need to manage repetitiveness and maintain diversified ad content to curb viewer fatigue and ad avoidance.
Content categorization and targeting. Ad ops teams must understand the content taxonomy and audience preferences to accurately target and deliver relevant ads. Unlike web-based ad operations, AVOD platforms can leverage video-specific targeting capabilities. For example, they can utilize contextual targeting based on video metadata or dynamic ad insertion based on user behavior within the video stream.
When it comes to sales methods, direct sales and programmatic have their advantages and may coexist within AVOD platforms. Direct sales allows for more control and customization and is well suited for premium ad placements or specific partnerships, providing greater flexibility in pricing and targeting. Programmatic offers automation, efficiency, and access to a larger pool of advertisers.
Partner Considerations
Monetizing media with a video ad marketplace requires yield management expertise and contracts with DSP and SSP partners. It takes time to implement and produce results, not to mention the need for optimizations over time. Depending on the sales approach, the right alignment of operational support will also need to be put in place.
To get the most out of an AVOD strategy, buyers need to beware that not every partner will have the experience or offer the support needed. Before deciding on a partner, make sure they have solutions for the key obstacles, because anything they can’t do is something you’ll need to learn fast to succeed. If that’s too much pressure to take on your own, Brightcove’s Ad Monetization service can manage the entire experience for you from start to finish.
We talk a lot about what to do when you’re running a business–things like accurate worker classification, paying employees properly, and generally just doing right by your workers. What we don’t always address is what not to do.
It’s in your power to be a good employer. If you don’t have the in-house resources (i.e. a dedicated department that specializes in these matters) to ensure you’re in compliance with overtime rules, worker classification guidelines, and benefits eligibility, you can ensure you stay in good standing by engaging a partner! Contact us to chat about what solutions we can provide for your business.
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Explore how Absen LED displays deliver versatility and dynamic capabilities to deliver your messages in vivid, memorable detail.
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