Small businesses embracing technology a step forward

By Natalie Shallow

Law360 Canada (November 24, 2023, 3:54 PM EST) --
Natalie Shallow
Natalie Shallow
Saturday Nov. 25 is Small Business Saturday.

Canada takes pride in its small businesses. Nine out of 10 times, consumers will choose to support a small business over a big box company, prioritizing purchasing local over foreign.

Despite having a vital role in every economy around the world, and making up three quarters of Canadian companies, small businesses still face a plethora of challenges.

One of the major reasons for this is the impact of the global pandemic and inflation. These dire economic situations have posed significant obstacles, affecting their operations and sustainability.

However, their continued resilience through tough times highlights their doggedness and adaptability required to thrive in the current economic climate.

Small business owners often play multi-functional roles, tackling everything from HR to health and safety, often without the luxury of dedicated departments.

These responsibilities, which include managing staff holidays, conducting risk assessments, and handling disciplinary issues, are critical yet can be challenging, especially given that small business owners average 59 work hours a week.

Investing in right tools

The ever-evolving work landscape is prompting more small business owners to invest in technology, however deciding on the right technological tools remains a daunting task for many. 

A quick look at its usage statistics shows 47.8 million logged staff holidays, 210,000 schedules created, 51.5 million clock-ins, and over 12 million documents downloaded. These figures demonstrate how technology can streamline operations and support small business growth.

We at BrightHR know that small businesses are constantly aiming to make their journey smoother by saving time, money, and reducing stress.

That’s why we advise investing in the latest tech tools and services designed to free up small business owners to focus on what they do best: growing their business successfully.

Natalie Shallow is head of service at BrightHR

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the author’s firm, its clients, Law360 Canada, LexisNexis Canada, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.   

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