How PEO Employee Leasing Works

by VENDIREX on 06/09/2015 - 02:58 pm |

Tag: HR Software

First, let’s define the main difference between HR Outsourcing (HRO) and a Professional Employer Organization (PEO). Though they both are in business to relieve you of the burden of managing your firm’s paychecks, benefits and policies, PEOs are actually co-employers of your workers.
 
Generally, the typical client using a PEO - Employee Leasing firm has fifteen to twenty employees, and has no experience in handling human resources. One great benefit of such a small company using a PEO is that they have access to benefit plans typically reserved for larger organizations; thereby lowering one of the usual higher costs of your business.
 
Larger firms can take advantage of lowered insurance rates, as PEO services share a benefits pool with industries having lower risk. If you are a construction firm, for instance, and are subject to extremely high insurance factoring, partnering with a PEO can significantly increase your bottom line; without your having to suffer higher rates when you have had no history of injuries.
 
Your company will still be involved in meeting and pre-screening the employees, though aside from this the PEO handles staffing needs and will also visit your office as needed to discuss any problems, handle disputes, etc. Think of them as your go-to partner in emergency situations, as well as routine operations involving anything to do with your employees.
 
Essentially, your PEO firm of choice should provide the following functions:
 


Human Resources Management - assures you are in compliance with rules and regulations (including labor posters), assists in employee policies and handbook creation and training documentation maintenance. They also provide recruitment, screening, drug tests and background checks for leased employees.


 


Payroll and Taxes - the provider is responsible for paychecks, direct deposits, withholding the proper taxes, garnishment handling and year end W-2s. They assume liability for errors and take part in any audits.


 


Administration of Benefits - as mentioned above, PEO vendors can provide competitive rates for worker requirements such as health and dental insurance, disability insurance and retirement plans. They would handle all associated paperwork.


 


Risk Management - This is the specialty service a PEO provides which can bring the most value to your company. The PEO assumes liability for job related injuries or harassment accusations, makes certain your facility is in compliance with OSHA regulations, and ensures you are not discriminating against any protected workers. Interestingly, the Internal Revenue Service regards the PEO as the employer of record, making them liable for all associated payments.




 

Why HR Outsourcing is a Good Idea

by VENDIREX on 06/09/2015 - 02:57 pm |

Tag: HR Software

When you hire an employee, their hourly wage or salary is only a portion of the overall expense of keeping them on staff. Between required employer contributions, medical and retirement benefits, desk space and office equipment - not to mention training and supervision hours - a smaller to mid-sized company can ill afford more in-house employees than is necessary. In fact, the cost of having your payroll and human resources handled by an employee is almost always greater than when you utilize an HR Outsourcing firm for these services.
 
So, why don’t more companies take advantage of this? For one reason, it seems odd to have your staff’s confidential records someplace other than your office headquarters. And, maybe you think it might be more cumbersome to handle things such as raises, changes in tax deductions, and adding or deleting of employees from your records. In fact, the opposite is true.
 
Time spent sifting through records in a file cabinet, securing data in a worry-free manner, and trying to stay up on all the latest regulations is much more time intensive than you would think. Whereas, simply getting in touch with your HR outsourcing administrator - either via phone or within your management platform - is a breeze. Handing this sensitive process off to certified professionals, with their guarantee of accuracy, is something highly preferred in today’s fast-paced and competitive business environment.
 
Here are a few things to consider, when deciding upon a vendor who will meet your company’s HR outsourcing needs:


Be cautious when presented with sign up ‘deals’ or unusually lower fees than other competitors. Many times cheaper ‘buy-ins’ can mean higher ‘basic features’ or per check costs; so be sure to compare apples to apples.


How many accounts does the provider have? A stable payroll service should have at least several hundred clients.


Do they offer filing for local taxes, and what is that cost; and is there added cost if your payroll includes employees in additional states? Do they cover interest and penalties for any late filings?


What is their annual rate, including W-2s, and how long are the rates guaranteed to remain the same? Is there a set up cost?


What is the support system in place? How long does it take to correct an error, or to rerun a payroll if there are mistakes?


What are the provider’s most popular added features and what is their cost? What can they save you in the long run?


A couple of really good reasons to outsource your payroll are: if you have significant turnover of employees, or your staff’s hours vary between pay periods. Certainly when you have ten or more workers, the savings will easily become evident.
 

What Are Human Resources?

by VENDIREX on 06/09/2015 - 02:57 pm |

Tag: HR Software

When you hear the term human resources, the department which handles your payroll comes to mind, right? In fact, that function is human resources management, which oversees your company’s human resources.
 
Technically, human resources is the actual workforce of a business; specifically the set of individuals. The staff is an asset to your company and when you work to further their development, this is referred to as human resources development. That said, don’t forget your human resources are human beings, and that their creativity should be encouraged if you wish to boost your productivity.
 
There are a few considerations, when hiring your workforce, which can affect your insurance and pension offerings, as well as what the going market rate is for individuals whose skills are desirable to you.
 


Skills - When there are not enough available candidates for positions you must fill, you’re going to need to compete to bring in people of value. Incentives may be in order, from offering higher salaries and benefits to maybe perks such as flex time, gym memberships, daycare, or modern and personal work spaces.


 


Diversity - In general, your workplace should be a reflection of the present society. Consider age, gender and race. For instance, there are many more organizations comprised of baby-boomers than a few decades ago. Employees in their 50s and 60s are working into their 70s and 80s, thanks to not only medical innovations but also a shift in our society. It is evident we need to give more credit to today’s ‘seniors’ and their talents and importance to our society's wellbeing.


 


Demographics - These are less impactful than they used to be, due to more interest in diversity workplaces. Essentially, this element includes the basic characteristics of your human resource population. Social class, age, and gender may very well impact the insurance plan you carry, as well as retirement plans. Coordinate with your insurance representative (and get several quotes for this) to be able to bring on the most beneficial plans for your staff. This will allow you to retain the most valuable employees, without having to narrow the field just to achieve cheaper benefit rates.  


 

How to Choose the Best LCD Projector

by VENDIREX on 06/09/2015 - 02:55 pm |

Tag: Equipment Leasing

In our high tech society, an LCD Projector is just one more standard piece of equipment that most businesses will have in their inventory. Whether your ‘road warrior’ salesmen regard their projector to be as necessary as their business suit, or your office has regular training sessions and staff meetings onsite - a projector is a visual aide with advantages you just can’t ignore.
 
Below we describe the three main categories of projectors, and also the three features which are prime considerations when purchasing your new projector:
 
3 Types of Projectors
Type: Ultralight (Portable)
Uses: Out of office presentations and conferences or trade shows
 
Is the projector’s weight (considering the attachments, cords and carrier case) something you can easily manage and travel with onboard an aircraft? Smaller units these days may weigh as little as two pounds - but keep in mind that the smaller they are, the more expensive. Adding up to one more pound may save money.
 
Type: Conference Room
Uses: Onsite training and meetings
 
For this purpose you will focus less on weight, and more on performance. This category is also commonly known as multi-purpose projectors. They tend to be much heavier than the Ultralight, have brighter lamps, and are more adaptable to a larger room. Depending on your budget, these projectors come with extra features available. The add-ons include such things as extra computer or video ports, laser pointers and remote mousing.
 
Type: Fixed or In-House
Uses: Permanently installed in a presentation venue or an auditorium
 
The ‘big boys’ of all video projectors, these units can tip the scales at up to a hundred pounds and typically come complete with ceiling mount hardware. Obviously the most expensive of all projectors, they are the most versatile and powerful as well. They can handle a variety of resolutions and image sizes, and also project efficiently in oversized and brightly lit rooms.

Determining Features of a Projector
It’s no secret that visibility is everything when you’re talking video projection. If the viewers can’t see the images on the screen, you’re obviously going to lose their attention. To give a professional presentation, the following 3 factors will come into play:



Brightness - To decide how much brightness your projector needs, think about how dark the rooms will usually be for your presentations, and the distance your equipment will be from the screen. Large rooms with more light require brighter projectors. The brightness range runs from 1,000-2,000 lumens (fine for on the road Ultralights), and up to 4,000-10,000 lumens for an auditorium projector.


 


Types of Lamp - Ultra high performance (UHP) and ultra-high efficiency (UHE) are the most common types of lamps, though certain models continue to use metal halide. Lamp life spans run anywhere from 1,000-4,000 hou ...

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