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Don't put all your eggs in one basket!

Seems like sound advice. You have a dozen eggs in a basket, you drop the basket and lose most of the eggs. That’s not good.

So let’s go back to the origins of the phrase. It was said to be first used in the novel “Don Quixote”, where it was written, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” Well, the origin seems to be somewhat confusing but I can live with it.

Let’s look at a modern-day adaption or use of the phrase: to risk all one has on the success or failure of one thing. So investors should diversify their investments instead of putting all their eggs in one basket.

Seems to make sense for the modern-day investor. Financial planners call this diversification.

So why the subject and where am I going with this?

Having worked with businesses and business owners for over 30 years, I’ve heard them say that they don’t want to buy multiple services from one organization as it’s not wise to “put all their eggs in one basket.” This often involved working with one agency for employee benefits, another for their WC insurance and their payroll vendor was always separate.

Obviously, things have changed over the last 30 years and quite frankly, I can’t imagine a farmer collecting a couple dozen eggs 3 or 4 at a time. Likewise, a business shouldn’t buy disconnected services from multiple sources.'

The Connect & Simplify solution!

Doesn’t it make sense to tie your payroll, employee benefits, benefits enrollment, retirement plan and human resource functions together?

Here are some of the “disconnects” you will avoid.

• Time & Attendance doesn’t tie into payroll
• Errors keying in information
• Tracking vacation days on excel which is not tied to payroll
• Vacation requests are done by email or paper notes: “Who’s off next week?”
• FMLA is tracked on a paper calendar
• Employee benefits are done with paper and individually processed with various insurance companies
• Making changes in employee status/information in multiple systems

These are just a few examples.

Your business’ payroll, time management, HR, benefits, retirement plans, and workers comp insurance should and can be handled in one place.

Put all your eggs in one basket, add support from real people in real-time and Connect & Simplify WILL simplify your business operations.

Get HCM Solutions

 

About The Author —

Tim Pachowitz helps businesses build, communicate and implement employee benefit plans. As an Account Executive at Benefits, Inc. engineering a planned strategy from start to finish is the most rewarding part of the role. Outside the office, Tim enjoys the outdoors fishing, hiking, and making maple syrup. Most of all, he enjoys time outdoors with his 6 grandsons (no granddaughters yet).