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3 ways outdated payroll processes hurt your business

Insperity

Payroll is a top priority for any business. By the same token, business leaders want payroll to be easy and hassle-free, so they can concentrate on growing their businesses. But there’s a lot of behind-the-scenes work involved to make the payroll process seamless from start to finish. And those payroll mistakes can be costly.

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How professional employer organization (PEO) pricing works

Insperity

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., of an employees’ salary, according to the U.S. Administrative fees.

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Future-ready HR: The versatility of full-service PEO partnerships

Insperity

An example of this is a client company discovering that they’ve been continuing to pay for medical insurance for a terminated employee. Some compromise may be necessary When you choose your own insurance offering through a broker, you can select from a vast number of available insurance carriers and plan designs.

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Can you outgrow a PEO? Why middle market businesses partner with PEOs

Insperity

These knowledgeable professionals (and the HR technology they bring to the table) can help support the business and help you achieve sustainable long-term growth. You have disparate technology systems. Meanwhile, your bottom line never benefits fully from your team’s breadth and depth of knowledge. So, let’s take a closer look.

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6 big soft cost savings associated with HR outsourcing

Insperity

Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). These opportunities are examples of soft cost savings that often come with HR outsourcing , and they often help employers more adeptly run their business.

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Outsourcing HR services for your small business: What you need to know

Insperity

At the end of the day, do you experience hefty payroll problems ? Get the help you need to: Provide employee access to big-company benefits – When outsourcing, everything from medical health insurance and dental and vision coverage to adoption assistance and training and development resources are in reach. Technology.

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You need a data protection policy – Here’s the basics

Insperity

A detailed inventory of sensitive company data should include an analysis of: Data on HR systems, like payroll, health and retirement benefits , employee records, etc. Business technology solutions should help employees protect themselves from these threats. The Insperity Guide to HR Technology.