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6 big soft cost savings associated with HR outsourcing

Insperity

Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). These opportunities are examples of soft cost savings that often come with HR outsourcing , and they often help employers more adeptly run their business.

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Federal tax reform: 5 HR must-dos for every business

Insperity

Tax reform did a number on payroll. Federal tax reform has resulted in big changes in the payroll arena, so your payroll to-do list likely just got a lot longer than in recent years, especially if you have employees in multiple states. Payroll is just one major area where tax reform impacts businesses.

Payroll 189
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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? This typically involves a team responsible for people management, setting up benefits and payroll , helping with the company’s culture and making sure compliance is being met. For instance, is your business FMLA compliant ? The takeaway.

Payroll 206
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5 ways a PEO can serve as a strategic partner for midsize businesses

Insperity

Provide better benefits Benefits costs are continually on the rise, particularly health insurance – and businesses can struggle to contain these costs , especially as the size of the organization increases and regulatory requirements mount.

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How HR can give your company’s employee retention strategy a boost

Insperity

In this arena, the HR team can work with management and bolster their efforts by: Overseeing training curricula Recommending or requiring specific training Identifying future leaders and high performers who may be suitable for promotions Developing a people strategy to plan for the future Aiding in succession planning 5.

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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. In particular, ADA mandates that all medical files must be kept confidential, and FLSA states that you must retain all payroll records for at least three years. health insurance, dental, vision, etc.).

Payroll 130
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Employee Benefits That Matter: How Small Businesses Win Big With Their Teams

Vantage Circle

Additionally, research indicates that 88% of job seekers give "some consideration" or "heavy consideration" to better health, dental, and vision insurance benefits when choosing between a high-paying job and a lower-paying job with better benefits. Consider supplemental insurance for critical illnesses or accidents.