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

Insperity

5 big benefits of HR outsourcing 5 challenges and risks of HR outsourcing to consider Types of HR outsourcing Choosing the right HR outsourcing partner Technology and HR outsourcing The future of HR outsourcing Summing it up What is HR outsourcing? Does the PEO carry employment practices liability insurance (EPLI)?

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Contract lifecycle management guide

BMT Office Administration

CLM proves very useful in manufacturing, real estate, finance, healthcare, and technology. Technology is convenient for drafting. With the advancement of AI and other technology, CLM software offers more post-execution contract management opportunities than ever before. Examine pricing.

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The European asset management industry: Navigating volatile times

McKensey

Typical priorities include sharpening the value proposition to both captive and third-party clients; taking stock of distribution footprint, product range, and growth initiatives; finding the right approach to participate in alternative investments; and using technology to improve efficiency, resilience, and scalability.

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Out of office: 8 pros and cons of being a fully remote company

Insperity

Rent or mortgage payments, utilities and related expenses such as insurance and maintenance costs add up quickly, limiting growth opportunities and profits. Pro: Technology is on your side. Despite the cost-savings of decentralizing your office, you may end up increasing your budgets for team building, travel and technology.

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When should you hire an HR manager, if at all?

Insperity

Are you meeting all the regulations and requirements for documentation, insurance and more? The technology option. HR technology often offers additional materials that assist in educating employees. If you don’t continue to use the technology or if it becomes obsolete, what happens to that data? The in-house team.

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Business owner beware: FLSA compliance and personal liability

Insperity

And if you think insurance can shield you from such expenses, think again. In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. Control or maintenance of employment records. Staying compliant.

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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. That’s not to say technology is flawless, however. Good payroll providers offer access to a dedicated payroll consultant, 401(k) plans and compliance assistance.