- Cannabis businesses face many challenges, from keeping up with complex and fast-evolving regulations to improving employee retention rates.
- With an integrated HR system, cannabis companies can simplify HR processes throughout the entire employment cycle.
- At Greenleaf HR, we provide customized HR solutions for your HR business and give you access to powerful HR management software. Get a free HR consult!
As your cannabis business grows, so does the need for more efficient systems to better handle your HR workload, from bringing new talent on board to tracking work hours and keeping up with legal requirements. Let us introduce you to Vfficient, a powerful HR management software that integrates all these critical HR functions into a single platform.
Read on to find out how Vficcient can help you navigate the complexities of HR in the cannabis industry, its main features and capabilities, and how to get started.
Let’s jump right in!
Navigating HR Complexity within the Cannabis Industry
Running a business in the cannabis industry comes with many HR complexities. Cannabis companies are growing fast and expanding into new markets as more states legalize cannabis for medical and recreational use, requiring HR professionals to recruit and hire new talent for a wide range of positions in a very short time frame. According to Vangst 2023 job report,
“America’s legal cannabis industry supports 417,493 jobs with more than $26.1 billion in annual revenue across 19 adult-use and 21 medical-only states”.
But the challenge not only lies in finding qualified employees, but also in being able to retain them. The cannabis industry shows higher turnover rates compared to other sectors.
A recent Headset.io study reported 55% of turnover within a year in cannabis retail businesses, with nearly a quarter of budtenders leaving their jobs during the first month. This highlights the need to provide staff training opportunities and offer better employee benefits, among other employee engagement and retention strategies.
On top of this, cannabis businesses are subject to strict, ever-evolving regulations, adding more responsibilities to HR teams who need to stay on top of the latest compliance updates. Cannabis regulations have an impact on every aspect of your business, from hiring employees to ensuring payroll and taxes comply with all federal and state requirements.
With so many fronts to cover, it’s easy to feel overwhelmed. But what if you could track and manage every aspect of the employee lifecycle from a single place? That’s exactly what you can do with Vfficient!
Inside Vfficient: A Closer Look at the HR Management Software
Partnering with Greenleaf HR gives your business access to Vfficient, an all-in-one HR management software that helps you track and handle every HR aspect of your business.
This cloud-based solution integrates everything you need to manage your cannabis business’s workforce, such as:
- Hiring and onboarding
- Payroll processing, tracking, and reporting
- Benefits administration
- Employee training
- Handling PTO requests
- Creating and customizing reports
Instead of jumping back and forth among different tools, you can centralize them in one place, creating a more efficient experience for your HR team.
Besides, self-service options within the Vfficient portal allow employees to be in control of payments, benefits, and personal information details.
On-the-Go HR Management: Vfficient Mobile for Cannabis Employees
With employees working from different locations and even on-the-go, having mobile access to their HR information is vital.
Vfficient’s mobile app gives your cannabis business employees secure access to their most relevant HR data and allows them to:
- Clock in and out
- Check their PTO status and send PTO requests
- Access to employee benefit options
- See how much they were paid and when
Easy to use and navigate, this mobile app gives your employees more control over HR-related matters, and it’s available everywhere at any time.
Guidance Every Step: Greenleaf HR’s Support and Integration Services
Cannabis businesses have too many HR tasks on their plate. From dealing with complex, fast-changing regulations requirements to managing benefits and payroll in a transparent, efficient way. But the good news is: You don’t have to deal with everything alone.
At Greenleaf HR we provide customized HR solutions to simplify your everyday processes, increase productivity, and keep your business safe while you can focus on growing your bottom line. Based on your specific needs, we can help you manage employee benefits, payroll and taxes, applicant tracking, onboarding, and more.
Besides providing expert guidance and support, we offer you access to Vfficient, a strong HR management system that lets you track and handle every stage of the employment cycle.
Ready to get started? Contact us to find out how we can streamline your cannabis business!
