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Give Thanks!

Give Thanks to the HR department in your company!

  1. Paychecks. You didn’t think that your pay was determined by little elves who then magically printed your check right month in and month out, did you?
  2. Fairness. Sure, you complain about HR, but who’s the first one you run to when things don’t seem fair? You know.
  3. Training. There are people you never even heard of in your company who work in Learning and Development. Know what they do? They design those training classes that help you advance your career.
  4. Benefits. They “owe” you benefits, right? I don’t think so. A lot of HR pros spend countless hours toiling to make sure that your benefits go for the greater good. And, surprise, they haggle with insurance companies on your behalf.
  5. Vacation. You might be surprised to find out that a company doesn’t have to offer vacation or pay you for it. HR pros work for you to make your time off policies be competitive, the best for you, and the most financially responsible for the company.
  6. Disability. Sure, there are government mandates for disability, but there’s also HR in your corner helping you through your disability. You don’t call your manager when you have to go on long-term disability, do you?
  7. Coworkers. Look left; look right. See those people working alongside you? Thank HR. They’re the ones who have to plan staffing and recruit candidates. Then they prepare the offer letter. Onboard the new people. Exit the bad ones.
  8. Reviews. I know, you hate performance reviews. I do too. But guess what? If HR weren’t there to move performance reviews along, that schmuck that you’d been working next to for the last three years would still be there. Keep the goods ones and dump the bad ones. Who do you call? HR.
  9. Increases. Sure, your manager makes decisions about your merit increase. But where did that money come from? HR compensation spends a lot of time making sure that money and headcount match. And they watch the market to make sure it’s fair. Result: More money in your pocket.
  10. Bonuses. Hello, Bonus. Hey, isn’t that the most beautiful of seasons? Here’s the broken record, but guess who’s behind that glorious bonus check? You know it. Your friends in HR, who are watching competitive pay practices across the world and are talking about the business effects with managers. (Those of you who got huge stock option grants in the late 1990s should hit your knees every day and be thankful.)

source (www.knowhr.com)

 

Posted November 24th, 2009 by Jessica Spinks - Posted in Human Resources | | 0 Comments

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10 Problems a PEO can Solve

 Found this on Facebook…

A PEO is much more than an outlet or cost effective resource for payroll.  What can you do with 4% to 7% of your Gross Annual Payroll freed up from your non-profit generating expenses?

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

PEO’s act as your own personal HR Department, assisting with employee handbooks, job descriptions, recruiting, record management and conflict resolution.  Do your business practices and policies protect you from employee lawsuits?  PEO’s provide a reliable source to get your employee-related questions answered by HR professionals.

7. Operating Leverage

PEO’s create operating leverage for businesses by creating a fixed cost for employing people.  Rather than having to increase your internal investment in human capital and equipment to keep up with external growth, the PEO provides a predictable mechanism that allows you to increase profits at a greater rate than internal costs.  

8. Employee Turnover

PEO’s reduce turnover be establishing better systems, policies and benefit packages.  Turnover can cost your business thousands of dollars a year in lost production and employee re-training.  A good PEO will help keep your employees loyal and motivated and you spend less on training.

9. Risk Management

PEO’s can really benefit businesses with work comp experience modifiers above 1.00.   They can offer sound advice for improving workplace safety and preventing claims from occurring.   They will proactively manage your comp claims and work with you to reduce claim costs and investigate potential fraudulence.

10. Payroll & Taxes

PEO’s solve each of these problems by becoming a co-employer with you.   The PEO issues paychecks, W-2’s, direct deposits and tax deposits.   They assume your tax liabilities and responsibilities as the IRS employer of record.   This co-employment agreement and payroll administration makes everything possible for employers.
 

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