News and Updates
Month: September 2022
Spotlight on First Federal Lakewood
In Spooner’s nearly 50 years in business, many of our new customers have come to us via word of mouth. We deliver the level of service that we promise, and our clients have been quick to recommend us at any opportunity. When we partner with an organization that shares our values of helping Ohio businesses and investing back into their communities, we want to tell our clients about them, too! The Spooner family of companies has grown exponentially over the last few years, and our banking team at First Federal Lakewood has been behind us every step of the way. First Federal Lakewood has been serving Ohio communities for 87 years, with 20 branch locations throughout Ohio. We talked with two of their business banking specialists, Mitch Duale and Scott Gnau, about common issues that businesses face with commercial banking, and they provided some insight on how businesses can stay ahead of the game. PPP Assistance – First Federal Lakewood processed $105.5 million in PPP loans that helped retain over 12,000 jobs in Ohio communities. Since the PPP program was unprecedented, many business owners needed help navigating those uncharted waters for the stop-gap funding they desperately needed. Most of First Federal Lakewood’s PPP loans were granted to smaller business, with 93% in amounts under $250,000. Lack of Communication – Communication is key when choosing a banking partner. When your banking partner reaches out and visits you frequently, this helps t
The Big Myth About Salary Continuation
Since we get so many questions from clients and prospects about salary continuation, we published a white paper on the topic. A lot has changed in regards to how salary continuation can impact your policy and premiums, but no one else seems to be educating Ohio employers about it. We have all the details - just fill in the form below and you'll have the information at your
Still Using NOVAtime?
If your company is using NOVAtime in conjunction with your payroll software for Time Tracking, it’s time to find a new solution. We’re not telling you this just because we have something better (we do, of course) – we’re telling you because it’s going to be outmoded soon. NOVAtime has been owned by Ascentis since 2018, and that parent company was purchased by another software company called UKG in March 2022. NOVAtime will officially be discontinued on January 1, 2023. SuretyHR may have the answer your organization is looking for. We have a time tracking solution that integrates seamlessly with PrismHR, Foundation (a popular construction management software), and plenty of other platforms. We use it internally, for our payroll- only clients, and our self-insured PEO clients (if you’re unsure what a self-insured PEO is, click here). There are tremendous advantages to partnering with a PEO, but the biggest roadblock tends to be the migration to a new payroll or time-keeping system. Businesses that have moved from one large payroll software to another don’t always have a seamless experience, and it has colored their thoughts on making a similar change in the future. SuretyHR clients that have migrated from many of the larger software providers have been more than happy not only with the tra
