Are HR Tasks Negatively Affecting Your Revenue?

/in /by

When we hear the word “revenue,” we tend to look at our sales teams, marketing, and our company’s actual products or services – After all, aren’t those the departments or areas responsible for generating revenue?

It’s not uncommon for organizations to overlook the not-so-obvious areas that may be positively or negatively affecting revenue – especially Human Resources!

Here are just a few HR areas that may be hurting your cash flow AND sales.

  • Hiring: What’s your company’s recruitment strategy? More often than not, it’s HR’s responsibility or the business owner’s responsibility to find the next star employee. When HR or anyone for that matter fails to hire the “right” candidate, this new employee can cost you more than their salary. Poor performance, workplace conflict, firing, and re-hiring ALL cost your company money in addition to the fact that you’ll have missed revenue opportunities.
  • Payroll/Salary: Does your company accurately report and distribute payroll each month? Click here for a list of lost income scenarios which can result from payroll mistakes. In addition, you may actually be overpaying some of your employees – who designs your company’s pay grades? As you know, outgoing expenses directly affect your net income each month.
  • Priorities: Human Resources isn’t just responsible for controlling costs. They need to work with executives to identify and prioritize the areas of business (and the people) that generate the most revenue.Who is your company’s star? What is your most profitable department? What are you doing to reward and retain them?
  • Leadership Development & Training: HR is often responsible for planning and conducting on-site training, continuing education and leadership development. Are you giving your employees and management teams all of the tools and resources they need to succeed and generate more revenue?

If your company is struggling in any of the 4 aforementioned areas, please contact us today. HR bottlenecks can quickly destroy your revenue potential and can develop into much larger problems if they are not addressed and corrected.

Sometimes all HR needs is a little support! Employer Solutions Plus offers a variety of employee management and HR solutions, designed to put your company in a much stronger financial position. You focus on growing your business, and we’ll make sure HR is properly maintaining it!

What is Online Payroll Reporting?

/in , /by

Say goodbye to expensive in-house printing, the never-ending piles of reports on the 15th and 30th, and your ongoing need for additional storage space within the office. This day in age, with all of the technological resources available, there’s no reason to not have anytime online access to everything you need surrounding payroll.

The only problem with technology is that convenience often comes with a price. Online payroll reporting programs are not free – As a small business owner, how can you possibly reap the payroll reporting benefits and programs the much larger companies enjoy? By relying on a valuable payroll partner of course!

When you outsource your company’s payroll tasks to a payroll company, or a PEO, you not only gain their expertise, but also gain their technology.

Online payroll reporting will offer most if not all of the following benefits (depending on the program):

  • 24/7 Access: Your files are available 24 hours a day, 7 days a week. Out of office or on the go? No problem! Check in at any time.
  • Multiple User Access: Just because a payroll company or PEO is managing your payroll, doesn’t mean that you can’t have direct access to all payroll information. Online payroll systems grant multiple users access, whether it’s you, or your accountant, that is in need of more information.
  • Taxes: Federal, State and Local Taxes are calculated, paid and filed for you.
  • Easy set-up for direct deposit and ability to print checks in-house.
  • Support: Online payroll reporting is relatively simple and self-explanatory, but when you work with a professional payroll company or PEO, help is never more than a phone call or click away.
  • Quick and easy access to past files. No need to dig through the basement or closet for 2008’s payroll information. Just select the tax year and click to access records!
  • Great search functionality: Look up an individual employee’s information by name or employee number.

Are you interested in a more efficient and effective way of managing payroll? Please contact us to learn more about the payroll administration solutions available at Employer Solutions Plus.

Lower Your Company’s Health Insurance Costs… Immediately!

/in , /by

Do you cover some or all of your employees’ health insurance premiums? Depending on the number of employees at your workplace, health insurance could be a very large outgoing expense each month. As business owners, it’s only smart for us to look at our accounts payable each month and decide what needs to go, or what can be cut back on.

However, cutting back on health insurance and benefits for your employees is NOT a good approach! Offering benefits comes with its own list of great benefits.  Do you want to continue offering benefit rich plans but decrease your company’s overall health insurance costs each month?

It IS possible – here are a few ways:

  • A lot of health insurance costs are related to chronic conditions like obesity or cardiovascular disease. These most often are conditions that are preventable and reversible. Many health insurance companies are willing to reduce premiums for companies or organizations that take proactive steps to promote a healthier workforce/workplace. Does your company have an employee wellness program (EWP) or employee assistance program (EAP) in place?
  • Explore the marketplace for more competitive bids. You don’t have to lose special perks or settle for higher deductibles to save money on health insurance. It is always smart to get an outsider’s opinion from a professional with access to multiple providers and plans.
  • Don’t be afraid to bundle! Insurance companies love loyalty – especially if you’re a large group. Bundling multiple lines of coverage with the same insurance carrier (health, dental, life, and disability) can significantly reduce your premium costs each month. If you are currently utilizing multiple providers, consider condensing all benefits under one provider’s umbrella instead.
  • Partner with a Professional Employer Organization (PEO). Partnering with a PEO offers small to mid-sized employers access to “big company benefits.” PEOs have stronger purchasing power when it comes to health insurance due to the overall population size of their employee base. They pool employees from numerous client companies on to a single company policy (the PEO’s policy) through the co-employment relationship. They also offer access to ancillary benefits you may not have been able to offer in the past!

Is it time for your company to save on health insurance? At Employer Solutions Plus, we represent the “best of” in employer solutions – whether it’s a company health insurance plan, or a full-suite PEO solution.  We represent multiple providers in each product category which allows us the flexibility to customize a cost effective solution to meet the individual needs of our clients.

Contact our team for more ways to save on your company’s health insurance premiums.

 

Conducting Employee Training at a Franchise

/in , /by

Your grand opening is weeks away and employee training is underway. Whether you’re a restaurant franchisee, a hotel franchisee or even a small coffee shop, your employees need to get up to speed so that your location’s brand and experience is in line with the established corporate image.

Corporate headquarters and parent companies often provide managers and employees with training and guidelines on the following:

  • How to Best Sell Products and Services
  • The Ideal Customer Experience
  • Cleanliness and Facility Upkeep
  • Uniforms and Image
  • Marketing

But, as a separate franchisee location, your employees work for you each day – not corporate. It is for this reason that it’s important to ensure that you remain in compliance by providing adequate training and resources surrounding the following:

  • New Hire Training
  • Discrimination and Harassment Prevention
  • Workplace Conflict and Violence Prevention
  • Wage & Hour Practices (Employees need to know how to properly record hours, and supervisors need adequate training)
  • Ethics
  • Occupational Safety and Health (You may not think you have a “dangerous” workplace, but OSHA has specific standards and employee training requirements)

Providing the above-mentioned training could be the difference between winning or losing an employee claim in the future. Did you provide the employee with everything they needed to succeed? Training also helps prevent workplace accidents. Did you thoroughly instruct the employee on how to operate machinery, handle tools, or lift large objects?

Compliance aside, the best employees are always learning and looking to improve. Partnerships with PEOs not only bring about skilled experts to conduct on-site or virtual classroom training to keep your workplace in compliance, but can assist in a variety of training to help improve teamwork and leadership too.

To learn more about the PEO relationship as it relates to employee training, contact Employer Solutions Plus.