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How to contain employee benefits costs (and why most businesses struggle)

Insperity

per hour, per employee, for health-insurance costs, according to Sept. In 2021, employer expenses for health insurance are expected to rise by 3.9 In 2021, employer expenses for health insurance are expected to rise by 3.9 Why benefits costs keep rising – and are more challenging for small- to mid-sized businesses to control.

Insurance 321
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What is a PEO?

Insperity

You’ll still maintain control over managing your employees’ daily to-dos and core job functions as well as maintaining your organizational structure. Joining a PEO provides you with workers’ compensation insurance coverage. EEO reporting and claim resolution. Control your business. The PEO’s role.

Payroll 277
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How to reduce workers’ compensation costs: 3 proven strategies

Insperity

You’re probably well-aware of the direct costs you pay in workers’ compensation insurance premiums, but you may not have considered the indirect costs of on-the-job accidents and injuries. That’s why controlling workers’ compensations costs is so important to your bottom line. Here are three strategies to get you started: 1.

Insurance 247
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5 key co-employment nuances that employers must understand

Insperity

Generally, the classification analysis requires review of how the individual is paid and what level of supervision or control, if any, exists in how the work is performed. PEOs don’t assume responsibility for wage and hour compliance because the PEO must rely on what their clients report. Hello, human error.).

Payroll 250
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HR outsourcing 101: What it is, how it helps and what to consider

Insperity

And when it comes to employee-related costs that tend to rise year over year, such as health insurance and other benefits, HR outsourcing can help contain these costs and make them more predictable. Diminished employee relationships When working with an HR outsourcing partner, many companies perceive a loss of control to varying degrees.

Payroll 112
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How to Spot and Stop Workplace Bullies

Insperity

They want you to know they’re in control. Why bullies do what they do and what they get out of it could run the gamut, from making themselves feel good and being in control to promoting their own career. While the archetypical yeller is a boss who manages by fear , the blatant bully can be anyone in the workplace. Sound familiar?

Retail 277
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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Understanding the difference means knowing how to report income, withhold and pay taxes, and handle overtime for each group. Verify employee classification.

Payroll 264