This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The days of thinking about human resources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. The post HR as the key to unlocking business success appeared first on Insperity.
Tactical HR refers to routine, day-to-day administrative tasks, such as processing employee paperwork and handling payroll.) With strategic workforce planning. Engage in succession planning so that critical leadership roles are never left unfilled when someone unexpectedly leaves. They make or break your success.
Payroll is a top priority for any business. By the same token, business leaders want payroll to be easy and hassle-free, so they can concentrate on growing their businesses. By the same token, business leaders want payroll to be easy and hassle-free, so they can concentrate on growing their businesses. Compliance risks.
Working independently or as part of a larger brokerage group, brokers earn a commission on the insurance plans they sell to clients. Formulation of HR strategies to support business goals and future planning. The client terminates their benefit plans and the PEO assumes responsibility for offering benefits to employees.
Reduce HR-related compliance risks: From changing labor laws to workplace safety regulations, HRs role in maintaining compliance protects organizations from costly fines and legal issues. From workforce planning to talent development, every HR initiative should align with those goals.
The bare minimum HR functions any organization should have in place are: Recruiting and interviewing Processing payroll Enrolling employees in benefits and administering benefits programs Performance management and training Disciplinary actions and terminations. Without a doubt, every organization needs an HR presence. HR tasks vs. strategy.
When an organization needs to reduce its payroll due to financial hardship, there are two options employers may consider: furlough vs. layoff. When employers plan to permanently reduce headcount at the time of termination (e.g., But many times, laid-off employees are ineligible for coverage under group health plans. PTO payout.
The most obvious concerns stem from the legal issues surrounding your current state’s laws and how different the laws are in your new location. Before you start to pack any boxes, obviously, it’s wise to consult legal counsel. How might taxes, payroll and your company’s relocation impact your business?
At the end of the day, do you experience hefty payroll problems ? Decrease risks – Sidestep a host of employer-related legal problems and reduce risks when you allow HR professionals to guide you. From benefits and payroll to HR compliance, technology and more, one HR solution can deliver: Compliance. Policy creation.
A solitary HR professional’s job description may include: Overseeing legal compliance and handling employee relations concerns Coordinating recruitment and strategizing on plans for retention Overseeing payroll and benefits Implementing and reviewing employee performance reviews Creating and enforcing company policies.
Payroll software. Still running payroll on the manual system your business started with? Moving to an automated payroll system is a crucial first step. Payroll software can streamline the payday process and reduce the time necessary to enter information that is repetitive across all payrolls.
Workforce planning, management and development : This includes programs and processes around functions such as recruiting and hiring, performance management, discipline, career pathing, succession planning, training and promotions. PEOs have compliance specialists who keep up with the evolving legal landscape.
Planning for the people side of things often gets pushed until after the deal has been completed. This lack of planning leads to poor communication, employee distrust and culture clashes, which all contribute to employee turnover. Sometimes shedding employees is even planned. The change management plan. – Payroll.
In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits. Working with a PEO can decrease your payroll-processing and related accounting costs. Retirement plans. So, where are the savings?
If you want to give yours the competitive edge, it’s time to focus on your people plan. Your handbook policies may include: Payroll and compensation. Just because Joe’s family doesn’t mean he can’t get you and your business in trouble legally. Have a succession plan. Start here. Employee conduct.
By automating tasks like shift planning, time-off requests, and availability tracking, it eliminates scheduling conflicts and ensures optimal resource allocation. Additionally, many tools integrate seamlessly with payroll, attendance, and time-tracking systems to boost overall workforce productivity. Decide which tools (e.g.,
Use these seven questions to help you consider the people strategy you would need to make your growth plans a reality. If your numbers are growing as a business (in-state or out-of-state), chances are high that your legal obligations are, too. Don’t fail to plan accordingly. Payroll tax. Recordkeeping. Paid sick leave.
As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. Or would you retain plan sponsorship and fiduciary responsibilities ?
A professional employer organization, or PEO , is an HR outsourcing option for organizations to help assume the most time-consuming HR task and employer liabilities, such as payroll and benefits. Access to Fortune 500-level benefits When joining a PEO, companies can can access to PEO-sponsored benefit plans.
Integration Capabilities : The ability to sync with HR systems like payroll or ATS. Crunchr : Best for intuitive workforce planning and real-time analytics. Rippling : Best for integrating HR analytics with IT and payroll systems seamlessly. Crunchr offers predictive insights to help plan for the future.
Build a communication plan. Just as critical as planning for culture fit is the need to communicate throughout the merger process. A clear and thoughtful communication plan can go a long way in easing concerns, distrust and resistance as employees are challenged to go from the known to the unknown. Establish a timeline.
Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. By using an automated payroll processing system, this oversight can easily be avoided.
Wellbeing Added together, all these soft cost savings can have a huge impact on your mental health and peace of mind. The decision of whether to hire an HR outsourcing service really boils down to the quality of life you wish to have as a business leader.
This document does not serve as an official legal or tax opinion; rather, it presents Vantage Circle's interpretation of the current tax laws about the industry of employee recognition and tenure initiatives. All awards must be tangible and personal property, such as trophies or plaques.
Similarly to the onboarding process, your company has legal obligations to fulfill when an employee leaves. First confirm whether you must pay employees on their last day or as part of normal payroll, according to the laws of the states in which you operate. Provide state unemployment and COBRA information.
Once businesses reach the 50-employee threshold , expand into other states and municipalities or hire remote employees who reside elsewhere, they can be subject to more legal and regulatory complexities. How can midsize businesses benefit from PEOs? Increase capacity for strategic initiatives As companies grow, so must HR functions.
The legal liability for data breaches and failure to comply with data privacy laws can incur prohibitive costs, including fines and penalties. A detailed inventory of sensitive company data should include an analysis of: Data on HR systems, like payroll, health and retirement benefits , employee records, etc.
Co-employment is the legal structure that professional employer organizations (PEOs) and their client companies use to share HR responsibilities. If you rely on independent contractors, they will fall outside of your co-employment relationship with a PEO and outside of their payroll system. Payroll taxes. Hello, human error.).
Overview of HIPAA’s revised privacy rule HIPAA has always required group health plans, medical providers and business associates to keep private patients’ personal health information. Group health plans and other HIPAA-covered entities must pay attention to the regs’ new prohibitions on disclosing employees’ PHI. After Dobbs v.
Let’s say your goal is to be able to take a 3,000-employee company, run payroll for every single employee and finish the process in less than 10 minutes. This is especially important if your integration includes employee information or payroll. Knowing your service level agreement will allow you to plan effectively.
Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. Receive an income tax credit.
one system for payroll, another system for time tracking and another for employee benefits management), to disruptive software upgrades and limited reporting capabilities. It can also provide more detailed, useful data you can use for strategic planning and day-to-day management and free HR personnel for other work.
Think: payroll, employer taxes, benefits enrollment and management, etc. Co-employers share in certain risks associated with hiring and processing payroll for employees, which can help you avoid costly claims or legal consequences, while you remain in control of your business. Note: Not all PEOs are created equal.
Once upon a time, businesses with 50-150 employees could manage benefits and payroll through a series of non-automated, disjointed programs. Automation simplifies this process and allows managers to run reports to support planning and manage costs. Well, those days are gone. Integration, convenience and mobility are key.
A huge component of employee engagement is having access to plenty of opportunities for growth and development, in conjunction with a career plan and concrete goals to work toward. It’s undeniable – there is definitely a shift underway in favor of growing people from within organizations.
Do you have a plan in place to help keep employees properly paid – and business on track – when bad weather or a natural disaster strikes? You can reduce everyone’s burden and restore peace of mind by planning ahead with appropriate policies and procedures. A retail bank, with operating hours of Monday through Friday, 8 a.m.
If your attendance data has to be retyped from time sheets or time cards into a payroll system , a less-than-principled typist can easily change the numbers. The less you have to rekey your time and attendance information, the more accurate your data and the more accurate your payroll. Unscrupulous data entry. Favoritism.
Find out if the PEO’s payroll and HR specialists have strong professional training or certifications as well as practical experience. A history of working in these various legal and regulatory environments is ideal. The PEO should answer the following questions: Is the PEO’s group health plan sponsored by the PEO?
Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks. Also, you’re legally obligated to retain these records for at least one year by the EEOC. Here’s what you’ll need to include in your confidential employee files.
Payroll software. Still running payroll on the manual system your business started with? Moving to an automated payroll system is a crucial first step. Payroll software can streamline the payday process and reduce the time necessary to enter information that is repetitive across all payrolls.
Semi-Monthly vs. Biweekly Payroll: Which One Suits Your Business? Navigating the different payroll options can be a bit confusing. The distinction between semi-monthly vs biweekly payroll might seem subtle, but it’s crucial to understand for effective payroll management. This can complicate HR bookkeeping.
If you want to give yours the competitive edge, it’s time to focus on your people plan. Your handbook policies may include: Payroll and compensation. Just because Joe’s family doesn’t mean he can’t get you and your business in trouble legally. Have a succession plan. It doesn’t have to be an intricate plan.
Adopting this simple mentality will help: The more planning you do upfront, the better off your new business venture will be. And that planning will pay off by saving you time and money. Of course, much like with a vacation, there will always be moments that don’t go as planned with a new business. So, where to start?
Build a communication plan. Just as critical as planning for culture fit is the need to communicate throughout the merger process. A clear and thoughtful communication plan can go a long way in easing concerns, distrust and resistance as employees are challenged to go from the known to the unknown. Establish a timeline.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content