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Entries in Payroll (6)

Monday
Dec102012

Employee Management Help For Business Owners

HR Outsourcing Firms Ease The Pain

Business owners and executives have many areas of their business to focus on. Opening the door every morning with a to-do list of tasks is challenging enough, having to be concerned with employee administration and compliance can be overwhelming for most. A recent article in The NY Times highlights some of the issues facing corporations larges and small. 

 

Look at the wide-ranging duties of human resources, it’s no wonder that companies are seeking outside help. “H.R. is supposed to be responsible for finding, developing, retaining and training the best people,” Suzanne Lucas, author of a blog called the Evil HR Lady. “It can also be responsible for benefits, compensation, employee and labor relations, business partners, data collection and legal issues.”

Fortunately, there are companies whose mission is to help small and midsize business owners and executives comply with the myriad of local, state and federal employment regulations.

Human Resource Outsourcing is a broad term that defines the performance of an HR service by a third party provider. It could be simply an ASO - Administrative Service Organization that provides a single service such as payroll processing, COBRA or 401k administration. Some are Information Technology firms who have developed software programs to ease the burden of employee administration and HR compliance. Many HRIS - Human Resource Information Systems, Labor Management, Recruiting and Staffing software platforms can be customized to the requirements of any businesss or association. Some firms offer a hybrid of technology combined with professional HR support services.

Employee leasing or  PEO - Professional Employer Organizations deliver a comprehensive integrated model called co-employment which enable business owners and corporations to transfer most of their personnel administration, benefits and human resource compliance to a qualified HR partner. The entire focus of these companies is making sure your business operates a safe and secure workplace, and complies with all of the latest employment rules and regulations.

“Outsourcing firms can take up various tasks, from payroll to benefits to recruiting, to free up a client to focus on its strengths, said Don Weinstein, senior vice president for product management at ADP, a large H.R. outsourcing firm. The new health care reform legislation, for example, will have a big impact on employers, some of whom may be overwhelmed by its complexities.”

It is important that business owners, executives and HR directors determine what services they require today and in the future, or as I like to say “identify what’s broken”. There are many providers to choose from, offering different HR service models and pricing formulas. Trying to identify the right fit for your organization can be a daunting task, but once you do, you will never go back to managing your employees on your own.

Friday
Aug052011

Small Business Payroll Grows in July - Intuit Small Biz Index

Intuit’s Small Business Index Shows Increase in Hours and Compensation

Intuit, developers of the popular accounting software program QuickBooks®, is also the nation’s leading provider of online payroll administration and processing for small business owners. Intuit has a wealth of information about small business employment serving more than 1 million small business payroll customers.

Intuit launched their Small Business Employment Index to provide a unique view into small business employment trends. Their index is one of the few to compile employment statistics for companies with fewer than 20 employees, which represent 87 percent of all U.S. employer firms and employ nearly 20 million people.

Small business employers added 50,000 people to their payroll and significantly increased both hours worked and compensation. Small business hourly employees worked an average of 110.2 hours in July, making for a 25.4-hour workweek. This is a 0.7 percent increase from the revised June figure of 109.5 hours.

Click on this link http://www.intuitinc.com/payrollindex to read the entire report.

Is this report a clear indicator of things to come? Small business owners and entrepreneurs across America struggle to grow their business, and contribute to revitalizing our economy. Like the red locomotive in the children’s story “The Little Engine That Could”, small business remains this nation’s only hope for a recovery. Small businesses are truly the builders of our economic wealth.

Unfortunately, our government and multinational corporations are selling us short. In the last month large corporations like Boeing, Cisco, Merck, RIM, as well as state and local governments reported layoffs in June of more than 140,000 employees. The news reports of the last week have never been grimmer. Growth in the last two quarters averaged less than 1 percent. Credit rating agency Standard and Poor’s downgraded the AAA rating on America’s debt, flaming the fears of a global “double dip” recession.

Politicians continue to fiddle while Rome burns. History has shown that when true adversity strikes, America rises to the challenge. One of this country’s most loved and respected leaders said in an address “When written in Chinese the word crisis is composed of two characters - one represents danger and the other represents opportunity”. That was in 1959 by soon to be President John Fitzgerald Kennedy to voters in Indianapolis.

In his 1961 inaugural address, President Kennedy gave his famous speech challenging Americans to “Ask not what your country can do for you — Ask what you can do for your country”. He continued “My fellow citizens of the world: ask not what America will do for you, but what together we can do for the feedom of man. Finally, whether you are citizens of America or citizens of the world, ask of us the same high standards of strength and sacrifice which we ask of you. With a good conscience our only sure reward, with history the final judge of our deed, let us go forth to lead the land we love, asking His blessing and His help, but knowing here God’s work must truly be our own”.

Pray for our leaders to come together …. history is watching.

Wednesday
Jun032009

Federal 2010 Budget Provisions Affect Employee Leasing and PEO Arrangements.

President Barak Obamas recently announced 2010 budget proposal contains some payroll-related provisions that will have a major impact on the way that payroll taxes are reported after December 31, 2009. Currently, there is uncertainty as to whether the employee leasing company or its client is liable for unpaid federal employment taxes arising with respect to wages paid to the client’s workers. When an employee leasing company or professional employer organization files employment tax returns using its own name and employer identification number, but fails to pay some or all of the taxes due, or when no returns are filed with respect to wages paid by a taxpayer that uses an employee leasing company, there can be confusion as to how federal employment taxes are assessed and collected.

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Sunday
Jan252009

Staffing - The New Growth Industry?

Employment agencies and staffing companies across the country are announcing a “pick-up” in volume. Of course many are admitting that it is due to the record number of layoffs, as well as an increase in applicants who are willing to accept part-time or temporary positions, while waiting for better times ahead. Indeed, many industry observers like Jack Rainer, owner of Career Personnel Services in Montgomery, Alabama expect that it can’t last. He predicted there would be some hiring rebound before the economy begins to recover. Some firms will find they have cut too deeply in layoffs and will need to replace lost staff, he said. It will take time for people to digest what is going on, but they still have needs”.

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Thursday
Dec042008

Common Mistakes of Shopping for PEOs and Employee Leasing on the Web (Part 3 of 3)

What is Behind Door Number # 1, 2 or 3? When searching the internet for a PEO, it is important for a busy executive to have some idea of what your needs are, and understand the process you are about to undertake, before starting on your virtual journey. We have identified three types of websites that Google and Yahoo link to when searching for employee leasing or professional employer organizations. The first type of website that visitors will encounter are “Provider” sites, next are “Leads” sites, and last but not least, websites of PEO “Brokers” or consultants.

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