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Use Our Online Tool to Better Understand Government Funding Programs
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Access vital funding to help your business remain open, continue paying your employees, and recover from unplanned circumstances due to the COVID-19 pandemic.

Paychex has created an easy-to-use online tool that details the specific federal relief programs and refundable credits available through the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES). The tool includes helpful links to applications and a comparison chart of loan programs (Paycheck Protection Program and the Economic Injury Disaster Loan program) to help you address what would best meet the needs of your current circumstances.

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We recommend discussing these options with your accountant or trusted advisor to determine the best course of action to leverage the incentives available.

Paychex is actively working to help make the PPP loan application process simpler. If you’re a Paychex client, we’re creating a report and ensuring it reflects changes introduced April 2 by the federal government. To utilize the report, your business or your clients’ business must have run payroll with Paychex in 2019.

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Strategies for Managing Change in the Workplace

HCM
Article
02/06/2015

When managing change in the workplace — whether it’s facilitating a turnover in management or introducing new processes to boost company performance — it’s essential to have the right processes and technological support in place. Here is a closer look at how to successfully manage change in the workplace.

Establish a Vision

Any change management effort starts with a clear vision of why the change is occurring as well as desired outcomes of the change. For example, if the change is a new business process being implemented across your company, define for stakeholders — employees, board members, investors, etc. — the opportunities that are being missed without the new process and the advantages the new process will offer. Effectively communicating the anticipated positive outcomes can help excite your team and increase ownership in the project.

Measure, Measure, Measure

Any major change management initiative should be tracked to determine the effectiveness of your strategies and to identify areas that should be improved upon during the next situation requiring change management. First establish a baseline by collecting data related to the issue as it currently stands, then develop targets for further growth and achievement. Use objective data that can be measured over time. For example, employee engagement surveys can help measure the effectiveness of a new HR program. 

Balance Short-Term Wins with Long-Term Progress

Once you've established the baseline for what you want to change and created benchmarks to measure success, plan strategies for achieving those goals. When determining strategies, consider:

  • What steps need to be taken to communicate the change?
  • How long will it take for the change to fully take effect?
  • What will define success?
  • Who has ownership of specific tasks?
  • What framework will be used to manage the initiative?

Be sure to include strategies to motivate your team in the change management plan. Change is hard and can be difficult to sustain over time. Overcome this challenge by building in success points along the way; small victories and near-term wins can be balanced with long-term goals to keep your team on course.

Technological Support is Key

Today's technological tools are making it easier to identify opportunities for improvement and implement change management initiatives across an organization. Integrated HCM systems give business leaders insights into a range of company metrics that are needed to make strategic decisions. When you choose an integrated HR platform, it's possible to pull on strengths throughout your organization to implement the change process and then measure its impact across different parts of the company.

 

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.