Benefits Programs for Law Firms

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Let’s face it. The legal industry is competitive, not only for obtaining new clients, but for obtaining top talent. A great benefits program at your firm can serve as a tiebreaker when a candidate is reviewing their employment options. Do you know what other law firms similar in size and within your geographic area are offering to their employees?

The first benefit that comes to mind is always health insurance, but the term “benefits” actually refers to any non-wage compensation provided to employees in addition to their normal salary (or hourly wage).

Benefits may include:

  • Group Insurance (Health, Dental, Life, etc.)
  • Disability Insurance
  • Tuition/Education Reimbursement
  • Sick Leave
  • Paid Time Off/Vacation
  • Retirement Benefits

You may want to offer your employees every benefit available, but to succeed in the highly competitive legal industry, costs need to be controlled. Employer Solutions Plus is skilled at analyzing and delineating various benefits packages that adhere to your firm’s budget, and most importantly, attract and retain top talent.

Many PEOs offer access to various medical benefits, and even lifestyle benefits such as recreation access, credit union membership, financial counseling and more. By working with numerous companies and then pooling the groups together, PEOs obtain discounted pricing from insurance carriers and other providers of employee benefits.

If a PEO is not the perfect fit for your law firm, Employer Solutions Plus offers standalone benefits management services to aide firms in shopping for the most competitive rates on group insurance plans and more.

Let your firm’s benefits package stimulate loyalty and employee satisfaction within your workforce. Contact us to get started today.

HR Concerns for Law Firms

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More than ever before, law firms are relying on Professional Employer Organizations (PEOs) and HR outsourcing companies to cut costs and improve efficiencies. Human resources, benefits, and employee management are all areas of business that law firms have traditionally kept within their control, but with a growing list of responsibilities, especially surrounding compliance, managing HR has become a full time (and demanding) job.

Here are some top HR concerns for law firms:

  • Benefits: How do I put together a benefits package that is competitive and in line with what neighboring law firms of similar size are offering? How do I control the costs?
  • Recruitment and Retention: How do I attract and retain top-performing employees?
  • Insurance: Do I need an EPLI policy? How do we protect our firm in the event that a claim or lawsuit is brought against our business, partners, employees or managers?
  • Compliance: How do I stay current on government compliance requirements? Is our firm in compliance with federal employment laws? What about state employment laws?
  • Payroll: How do I find time for check printing, direct deposit, vacation and sick leave accruals, 401k plans, reporting, integration and more?!

How Employer Solutions Plus can help:

Employer Solutions Plus understands the most critical HR services law firms are in need of to operate more effectively and efficiently. We enable our clients to make informed decisions regarding PEO strategies, but also understand that for smaller law firms, or firms with in-house capabilities, a PEO is not always the best solution.

Sometimes only one or two components of HR need to be outsourced. Following a consultation and analysis of your firm, we may explore payroll-only solutions, health insurance options, or risk management solutions.

Contact us today for a consultation, and we’ll help your law firm streamline its human resources management!

The Co-Employment Business Model

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PEO, Professional Employer Organization, Employee Leasing, Co-Employment, Human Resources Outsourcing …. As a business owner or human resources professional, you’ve likely stumbled upon these terms. But, what exactly is a PEO? What does the co-employment relationship entail?

A PEO (Professional Employer Organization) is an organization that offers a cost-effective and comprehensive approach to helping you manage your company’s human resources. Unlike a standalone payroll company, or benefits company, that assists with one single component of HR, a PEO offers a full suite of HR-related services including but not limited to employment administration, recruiting, hiring and firing, workers’ compensation, employee benefits, payroll, compliance, best practices, employee training, and performance management.

PEOs permit business owners to focus on their core competencies, while leaving HR and employee management to the experts! Co-employment refers to the separation of human resources, employee management and liabilities that occur when you work with a PEO.

In the co-employment business model, your employees work for both you and the PEO. Business and day to day activities go about as usual, but the PEO assumes all administrative functions, and more importantly, shares many of the liabilities associated with your business and employees.

PEOs save businesses time and money! To learn more about PEOs and the co-employment business model, contact us today.