(2 votes, average: 5 out of 5)
Loading ...10 Problems a PEO can Solve
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1. Time
PEO’s remove non-productive tasks that take away time and resources so you can focus on bottom line activities such as strategic planning, marketing, and customer service. Could you make more money if you had time to work your business? Time is money in business.
2. Cash Flow
PEO’s improve your cash flow by integrating most of your employee cost-centers into a single cost factor; including employer matching FICA, FUTA, SUTA, Work Comp, Administrative Overhead, and employee benefits. Your cash flows in "real-time" right along with your business income.
3. Workers’ Compensation
PEO’s make buying and maintaining work comp easier than ever. No more BIG down payments. No more year-end premium audits. Because your work comp is built into your PEO rate, you pay as you go which frees up more dollars for company growth.
4. Employee Benefits
Most PEO’s have many "turnkey" benefit plans in place for your employees. Imagine instantly adding a 401(k) plan, a Section 125, Group Health, Vision, Dental and Life, and other valuable benefits to your business without spending a fortune. Best of all, the PEO’s manage the programs, payroll deductions, and benefit records, making employee benefits easier than ever to provide and manage.
5. Government Compliance
PEO’s simplify all the rules and regulations associated with employing people. They can assist you in complying with all federal, state, and local laws and statutes. PEO’s provide you with legally required employee forms and paperwork. They even maintain and store your employee files.
6. Human Resources
7. Operating Leverage
8. Employee Turnover
9. Risk Management
10. Payroll & Taxes
Posted November 6th, 2009 by Jessica Spinks - Posted in Benefits, Customer Service, Health, Human Resources, Immigration, Performance Reviews, Productivity, Recruiting, Wages, Workers' Comp | | 0 Comments
(3 votes, average: 5 out of 5) Loading ...Launch a Wellness Program for Your Employees
Creating a wellness program for your company can mean more than just getting in shape. It can mean a whole new lifestyle for all your employees. When you are feeling healthy, you are more energetic and motivated to face each day. Who wouldn't what all their employees to feel great and perform at their best?
In an article from Business Week, "Some companies hand out small cash bonuses or gift certificates for reaching predetermined milestones. Others offer discounted insurance premiums. Still others make it a “team thing” and set up competitions between departments. "
By making heath exciting, everyone will want to join in and be a part of the new family. Make it a priority in your company and watch the benefits exude from your employees.
Posted March 14th, 2008 by admin - Posted in Benefits, Health, Human Resources, Performance Reviews, Productivity, Recruiting, Workers' Comp | | 3 Comments
(1 votes, average: 5 out of 5) Loading ...Some like it HOT!
Every change in season seems to bring on new "wars" in the office. The AC War. For the most part, we can laugh at it. But these constant changing of the temperatures in the office could be adding to an influx of colds and other ailments. You know you have seen it. One employee is "freezing" in their office and bumps the control up to warm it up. Two offices down the hall all the sudden wonders why they are sweating and gets up to adjust the thermostat down to "his" comfort level….and the war begins.
Some offices will lock a box around the control box to keep this from happening. That is fine, but what about the person sitting in the office that happens to have poor circulation? You’re wondering if I mean the vents or the blood flow of the employee. Well, I mean both. Are companies obligated to purchase heaters and fans to keep their employees happy? What about the "warmer" employee falling asleep on the job, being lathargic from the heat? Or the "freezing" employee with the sniffles, sneezing all day. How does this affect productivity? Should we be worried?
Really, I am just wondering. Just wondering while I am typing away with my frozen fingers.
Posted February 8th, 2008 by Camille - Posted in Customer Service, Health, Human Resources, Productivity, Safety, Workers' Comp | | 1 Comments
(No Ratings Yet) Loading ...A Puff A Day Keeps The Boss Angry
Is there an answer to the question of if an employee that smokes is less productive than a non-smoking employee?
With the amount of smoking breaks taken throughout a day, it’s hard to think otherwise. I’ve also heard the other side of the story where the smoker says the non-smokers spend just as much time complaining about the smoker being on break, so they must be even.
Take a look at this graph, you can decide for yourself.
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Posted January 4th, 2008 by admin - Posted in Health, Human Resources, Productivity, Workers' Comp | | 1 Comments
(No Ratings Yet) Loading ...A Workers Comp Money Pit!
For a business owner, finding the right workers comp provider can mean the difference in thousands or even hundreds of thousands of dollars. However, there are many different "cost drivers" to workers comp. An obvious one is how well the assests of the carrier are managed. That affects rates and discounts that play into the cost of workers comp premium.
Recently, I read this quote regarding an investigation into one of the largest work comp providers in the west, known to charge exorbitant rates: "The report paints a picture of an obscure rogue operation with more than $22 billion in assets, little oversight, minimal public checks and balances, and indiscriminate spending with little attention until recently from top state officials such as the governor and the insurance commissioner." With findings like this, would you trust your workers comp coverage to this company?
To read the entire article…and to discover who this company is, click here. But here is the point: as a business owner, you would be well served to thoroughly check out a prospective carrier before placing coverage with them. Or better yet, outsource your HR functions to a PEO who employs experts to manage workers comp, taxes, medical insurance plans, etc. for you! Why hang on to that headache!
Posted December 27th, 2007 by Kym - Posted in Workers' Comp | | 0 Comments
(No Ratings Yet) Loading ...Oh…My Aching Back!
Business owners beware! OSHA has just mandated that employers are responsible for providing appropriate personal protective equipment (PPE) to employees! According to Business and Legal Reports, "This final rule will clarify who is responsible for paying for PPE, which OSHA anticipates will lead to greater compliance and potential avoidance of thousands of workplace injuries each year."
In the world of loss control, we can agree that proper PPE reduces injuries and severity, and is a good cost control measure. But does crying out "Oh, my aching back," entitle such employee to the latest and greatest in back support apparel?
There is no clear cut answer to that question. However, if an employee is crying out, "Oh, my aching back," you can count on this: you will likely "buy" a work comp claim for that person eventually! Will back support prevent such a claim? If so, the cost of providing it may not be so bad after all! If not, do you really want to keep that worker assigned to that task?
Posted November 29th, 2007 by Kym - Posted in Safety, Workers' Comp | | 0 Comments
(No Ratings Yet) Loading ...Wanted: New Employee Willing to Lose a Limb
Here's what I see: over 25% of work-related injuries happen to workers on the job less than 90 days, and many of those injuries are severe. My assumption is that those workers are not fully trained, they are not given proper equipment, they are not properly supervised…or it was a bad hire to begin with! Is it my imagination, or should employers invest more time and effort in the proper training and orientation of new employees?
Posted October 26th, 2007 by Kym - Posted in Workers' Comp | | 0 Comments
(No Ratings Yet) Loading ...Punch the boss, get workers’ comp?
Are you serious? So now the law is encouraging more violence in the work place, just what we needed. “Punch the boss, get workers' comp” is the title of an article I came across in the Arizona Republic. It goes on to state that regardless of who is at fault in an office brawl in Arizona, an injured party can be eligible to collect workers’ comp. Judge Jon W. Thompson stated in a decision on Sept. 6, “Assault-related injuries are compensable…regardless of who was the aggressor, because workers’ compensation is a no-fault system.” Another astonishing fact about the law is that the fight can be about anything. It doesn’t even have to have anything to do with work to make it compensable. I guess they assume if you’re at work, that’s enough reason to fight anyone.
Posted September 27th, 2007 by admin - Posted in Workers' Comp | | 0 Comments
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