PrismHR Blog

There are so many “blind spots” and “leaks” out there. But in payroll, too? Yes, indeed. It’s a horrible feeling, of course, when you’re driving down the road and you want to change lanes only to notice at the last [...]

Keeping the best employees is the name of the game and has been for generations. The longer they stay, the more it will benefit the organization. That’s especially true for smaller businesses with smaller bottom lines; they simply can’t afford [...]

Payroll Service Bureaus (PSBs) exist for thousands of reasons. Those reasons are the clients they serve, multiplied by all the employees they handle, times the number of hours those people work and the various tax rates that apply, plus the [...]

In 2019, payroll companies in Texas received orders from the state’s Department of Banking to halt operations until they obtained a Money Transmitter License (MTL). If Payroll Service Bureaus (PSBs) were not aware of MTLs before, they sure were after [...]

You may or may not know Apple started as a computer company. But they quickly discovered the margins were much better on software than on hardware. What’s more, the customer who bought one computer would license a lot more software. [...]

It has become an open secret that workers in a range of industries now live paycheck to paycheck. In addition to the stress this puts on their home life, a recent survey by PwC revealed it can have a measurable [...]

The ideal relationship between an HRO and a client is one of partnership. That partnership exists because each has something the other needs. Traditionally, the client needs the HRO’s services like payroll or HR administration, and the HRO needs the [...]

The world of Payroll Service Bureaus, ASOs, and HROs tends to be divided into two categories:  Big box players (or clients who feel safer working with a big HRO), and relatively small HROs who know their clients personally, understand their [...]

In today’s tight labor market, competition for talent and related services can be ferocious. HROs of every kind—from Payroll Service Bureaus (PSBs) to PEOs—are looking for ways to grow their book of business, or just keep the business they have. [...]

Today, HRO providers of all kinds rely on software to connect with clients and help deliver services. Some of the earliest adopters were Payroll Service Bureaus who needed the platforms to service clients at scale. Now, the platforms these first [...]

Providers of workplace solutions – like PEOs and Payroll Service Bureaus – are increasingly leveraging software to deliver their services. But that software may only get a brief mention when these HROs pitch their company. They’re accustomed to selling themselves [...]

Payroll Service Bureaus (PSBs), PEOs, and HROs of all kinds have discovered the advantages of supplementing their services with software revenue. Depending on the functionality of that software, it can retain a client who might otherwise outgrow an HRO’s services. [...]