For cannabis business owners wondering how to scale beyond payroll, here’s some straight advice: “Look for a system that can scale with you,” says Jenn Meadows, COO of Würk, a Human Capital Management (HCM) company.
Würk has been providing payroll, human resources as well as time and labor systems automation exclusively to cannabis companies since 2015. She spoke with journalist and Benzinga cannabis editor Maureen Meehan at the recent Benzinga Cannabis Capital Conference in Chicago.
What It Means To Scale Beyond Payroll
In order to juggle the inherent restrictions of the cannabis industry, Meadows reiterated the importance of choosing an HCM provider and a system tailored to the company’s specific needs and one that has the ability to scale as needed.
Selection criteria involves redundancy of banking relationships, which is of ”primary importance” as is compliance processes and the ability to handle diverse needs arising from a company’s expansion. The chosen system, she emphasizes, should be able to manage everything from payroll and taxes to employee benefits and reporting.
