ASUR - With Remote Work Here to Stay Asure’s (NASDAQ: ASUR) Partnership With Harbor Compliance Will Help SMBs Navigate Multi-State Payroll and Labor Regulatory Requirements
(NewsDirect)
The rise of remotework has been a key silver lining for U.S. workers in the wake of theCOVID pandemic. Three years later, working from home remains popularamongst younger members of the workforce. Despite the recent headlinesof companies trying to force their employees back to the office,remote work is not going anywhere.
According to a recent survey from Robert Half (RHI), nine in ten workers who said they wereconsidering changing jobs noted a preference for hybrid or fullyremote opportunities. In fact, nearly a third of workers who arerequired to go into the office at least one day a week have statedtheir preference for taking a pay cut in exchange for a fully-remoteposition. Furthermore, Robert Half noted that 28% of all new jobpostings in January 2023 were categorized as remote positions,compared to 29% in January 2022.
As workers dig in and refuse to give up on remoteand hybrid positions, businesses will increasingly need to ensuretheir payroll tax registration and compliance requirements are metacross federal and state laws. For small-to-medium businesses (SMBs),this presents a potential headache, along with higher costs to attractand retain quality employees.
However, Asure Software (NASDAQ: ASUR), through itslatest partnership with Harbor Compliance, seeks to provide SMBs witha streamlined solution for this issue.
Asure & Harbor Compliance PartnershipCombines HCM With Multi-State Compliance Solutions
The economy is at animportant junction currently, which has been characterized by thehighest interest rates & inflation in decades. This, in turn, hasled to rising costs across the board from goods & services tolabor and more. For larger enterprises, these higher costs are likelymore easily absorbed than compared to SMBs. For SMBs to staycompetitive while controlling costs, they need to leveragetechnology-based solutions in human capital management (HCM) and humanresources, which can help streamline back-office operations withoutincreasing their headcount.
This is exactly where companies like Asure Softwarecome into play and fill this cost-cutting need for SMBs. Asure’scomprehensive cloud-based HCM platform provides an all-in-one solutionfor smaller businesses to streamline and manage their payroll, taxes,employee time & attendance, retirement offerings, and otherelements under the umbrella of human resources.
Asure’s latestpartnership with HarborCompliance effectively expands its existing comprehensive HCMplatform to now include multi-state regulatory compliance solutions.Maintaining proper payroll and taxation compliance with each federal,state, and local governing entity is essential for SMBs to offer theiremployees the ability to work remotely or under a hybrid model.
Unfortunately, laborlaws are constantly changing, which can place an unreasonable costburden on SMBs to ensure they remain compliant with any changes at thefederal, state, or local levels. However, the integration of theHarbor Compliance platform with Asure’s HCM solutions provides SMBsand nonprofits with the ability to ensure labor regulations are metthroughout the United States. In other words, Harbor Complianceeffectively helps SMBs streamline their labor compliance bysimplifying license and registration requirements at the federal,state, and local levels.
"Out-of-state hiring poses specific challenges forbusinesses needing to set up tax registrations and process payrollefficiently,” stated James Gilmer, Strategic Partnership Manager ofHarbor Compliance. “Growing companies need a solution that keepspace.”
AsureWraps Up Q1 2023 With Several New Partnerships andIntegrations
Asure has made a handful of major new partnerships andintegrations through the first three months of 2023. The company’slatest partnership with Harbor Compliance joins H&R Block (HRB),Intuit (INTU) TurboTax, and ZayZoon, which were announced earlier inthe year.
TheH&R Block and TurboTax partnerships were enacted to provide SMB employees with the ability to streamlinetheir tax filing process. This is an important perk and feature thatSMBs can use to attract and retain quality employees, considering thatTurboTax and H&R Block are the numbers one and two market leadersin the consumer tax prep services industry. With Tax Day just aroundthe corner, these integrations are likely providing much-neededstreamlining support to SMB clients’ employees.
The ZayZoon partnershipprovides another tool for SMB employees to gain access to financialwellness and earned wage access solutions. With the ZayZoon integration, employees can access their earned wages even faster,which can help alleviate financial pressure and provide employees withgreater peace of mind. Allowing employees to access their earned wagesin real-time is yet another important tool for SMBs to retain andrecruit key talent in the labor force.
Overall, Asure Software provides an impressivesolution for SMBs because they are always looking for ways to helptheir clients with new features, new partnerships, and capabilities.For SMBs, this is a huge advantage, not only to help cut costs andstreamline operations but to also remain competitive in recruitingtop-tier workers.
The latest partnership with Harbor Compliance is just thelatest example of Asure adapting and providing its clients withsolutions that look to solve current challenges. Work-from-home andhybrid working are not going away, no matter how much some bigcompanies kick and scream for employees to return to the office. Thestatistics and preferences are very clear…workers are willing totake pay cuts to preserve their flexible working conditions. Byoffering streamlined compliance with payroll and taxation regulationsacross all 50 states, Asure’s SMB clients now have a competitiveadvantage against these major enterprises that are trying to force areturn to office by potentially attracting their former workers thatleft in pursuit of a more flexible working environment.
Disclaimer:
Spotlight Growth is compensated, either directlyor via a third party, to provide investor relations services for itsclients. Spotlight Growth creates exposure for companies through acustomized marketing strategy, including design of promotionalmaterial, the drafting and editing of press releases and mediaplacement.
All information on featured companies is provided by thecompanies profiled, or is available from public sources. SpotlightGrowth and its employees are not a Registered Investment Advisor,Broker Dealer or a member of any association for other researchproviders in any jurisdiction whatsoever and we are not qualified togive financial advice. The information contained herein is based onexternal sources that Spotlight Growth believes to be reliable, butits accuracy is not guaranteed. Spotlight Growth may create reportsand content that has been compensated by a company or third-parties,or for purposes of self-marketing. Spotlight Growth was compensatedfive thousand dollars cash by Asure Software for the creation anddissemination of this content by the company.
This material doesnot represent a solicitation to buy or sell any securities. Certainstatements contained herein constitute “forward-lookingstatements” within the meaning of the Private Securities LitigationReform Act of 1995. Such statements may include, without limitation,statements with respect to the Company’s plans and objectives,projections, expectations and intentions. These forward-lookingstatements are based on current expectations, estimates andprojections about the Company’s industry, management’s beliefs andcertain assumptions made by management.
The abovecommunication, the attachments and external Internet links providedare intended for informational purposes only and are not to beinterpreted by the recipient as a solicitation to participate insecurities offerings. Investments referenced may not be suitable forall investors and may not be permissible in certainjurisdictions.
Spotlight Growth and its affiliates, officers, directors,and employees may have bought or sold or may buy or sell shares in thecompanies discussed herein, which may be acquired prior, during orafter the publication of these marketing materials. Spotlight Growth,its affiliates, officers, directors, and employees may sell the stockof said companies at any time and may profit in the event those sharesrise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/
The Post “ WithRemote Work Here to Stay, Asure’s (NASDAQ: ASUR) Partnership WithHarbor Compliance Will Help SMBs Navigate Multi-State Payroll andLabor Regulatory Requirements ” First Appeared On SpotlightGrowth .
Contact Details
Asure Software,Inc.
Spotlight Growth
Copyright (c) 2023 TheNewswire - All rights reserved.