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Is a PEO Right For You?: HR Management Edition

by Tim AustinMay 12, 2015 8:00 AM

If you’re like most business owners, you probably didn’t go to school to learn the intricacies of human resource management. As a result, you’re either spending too much time on HR or too little. Neither is good for your bottom line.

Managing HR by yourself can cause big headaches. Consider a PEO instead.

I’m Spending Too Much Time on HR Management 

According to the Society for Human Resource Management (SHRM), there are 45 components to successful HR management. Forty-five!

If you’re trying to be proactive about HR management, good for you. But if you have to manage multiple vendors who are working in “silos” while trying to make sense of everything they’re doing for you, you’re probably not spending as much time as you’d like growing your business. Either that or you’re burning the midnight oil to keep up. 

Neither option seems that appealing, do they?

I’m Not Spending Enough Time on HR Management

On the other hand, if you’re not spending enough time on HR management, you’re more likely to be at risk for non-compliance fees, inefficiencies that slow down your production schedule, lower employee morale, and more. And you’re probably losing sleep at night because when it comes to HR, you don’t know what you don’t know.   

HR Management is never a problem… until there is a problem and then it’s too late.

Manage HR Functions Effectively and Efficiently With a PEO

Regardless of which path you’ve chosen when it comes to HR management, a Professional Employer Organization (PEO) can be a good fit for your business.

When you partner with a PEO, you get access to a full team of HR experts that can help you:

  • Maintain / obtain COBRA, ERISA, HIPAA, ADA, FMLA, EEOC, and DOL compliance
  • Find and recruit top talent
  • Write detailed job descriptions 
  • Develop employee handbooks
  • Set up training and rewards programs 
  • Ensure that you’re compliant for employee terminations, and more

Additionally, because PEOs can also help you with risk management, payroll administration, and employee benefit administration, you can find money-saving opportunities that would have been much more difficult to spot with siloed vendors.

Best of all, you get the final say on all decisions. PEOs just make those decisions a little easier.

Stop living in fear of HR problems and get back to growing your business. Contact GMS online or give us a call at 888-823-2084 today.

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Human Resources

Is a PEO Right For You?: Benefits Edition

by Beth KohmannApril 28, 2015 8:00 AM

Good businesses need good employees, and good employees look for good opportunities. A competitive benefits package plays a major part in attracting quality talent to your company, as well as retaining current workers. 

Employee benefit administration can be a time-consuming and costly endeavor for a small- to mid-size company, especially one that wants to offer a complex benefits package. Instead of just accepting the hassle as a necessity, you should consider the possibility of teaming up with a Professional Employer Organization (PEO) like Group Management Services (GMS) to benefit your benefits.

Employee benefits administration is yet another service provided by a PEO.

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Benefits

Is a PEO Right For You?: Payroll Edition

by Pam RamacciatoApril 21, 2015 8:00 AM

It’s always good to research your options before making a business decision. The questions may differ depending on the industry your company is in, but payroll plays a factor in every business, and it sure isn’t cheap. 

Statistics show that it costs small- to mid-size companies an average of $2,000 per employee per year to handle payroll. Even if you’re a small- or mid-size company, a Professional Employer Organization like Group Management Services may be a good fit to help streamline your payroll needs.

Of course, working with a PEO is a big decision, so you’ll want to find out what they can offer your business. Here are some ways to find out if a PEO is good fit to handle your payroll.

Payroll services from a professional employment organization.

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Payroll

How PEOs Improve Cashflow: Part 5

by Tim AustinMarch 17, 2015 8:00 AM

Human resources is a very important part of any business, but it can take a lot of time and money to properly manage. Even then, there are cashflow hurdles that you may come across simply because you aren’t an HR professional with all of the proper tools of the trade.

A Professional Employment Organization (PEO) like GMS can get over those hurdles because HR is what we do. We’ve already discussed how a PEO can improve your cashflow through loss prevention, cost containment, payroll, and unemployment claims management strategies, but there’s another major factor as to how we can save you money: economy of scale.

PEOs make your business stronger through economies of scale.

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Human Resources | Risk Management

How PEOs Improve Cashflow: Part 4

by Tim AustinMarch 10, 2015 8:00 AM

The unemployment process isn’t an easy one, both for the former employee and the employer. While many small- and medium-sized companies view unemployment as an unmanageable major expense, there are ways that you can save money so that the process isn’t as much of a threat to your company’s cashflow.

Professional Employment Organizations (PEO) can protect your business from unemployment claims, while helping your business’ bottom line, allowing you to focus on the future without being held back by the past.

Work with a PEO to help your bottom line when it comes to the unemployment claims management.

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Risk Management

How PEOs Improve Cashflow: Part 3

by Tim AustinFebruary 24, 2015 8:00 AM

It’s expensive to pay employees, and I’m not just talking about salaries and benefits. 

The payroll process is pricier than many business owners realize. It costs an average of $2,000 per employee per year for a small or mid-sized company to handle payroll. In addition, up to 40 percent of businesses in the United States are given an average of $845 in IRS penalties each year.

These costs add up and can really hurt a company’s cashflow. We’ve already discussed how loss prevention and cost containment can help your business, but a professional employer organization (PEO) can also save you money and time by handling your payroll.

Payroll costs you more than just your employees wages.

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Human Resources | Payroll

How PEOs Improve Cashflow: Part 2

by Tim AustinFebruary 17, 2015 8:00 AM

Accidents happen, which is why workers’ compensation is a mandatory expense. Still, high rates can destroy your cashflow. 

In my last post, I talked about how loss prevention strategies help prevent accidents in the first place, which can lower your rates. Today, I’d like to explain how an effective Cost Containment strategy can cut your costs, even if a claim is filed. 

Risk management can benefit your business’ budget. Contact GMS to find out how a PEO can help.

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Human Resources | Risk Management

How PEOs Improve Cashflow: Part 1

by Tim AustinFebruary 10, 2015 8:00 AM

Cashflow is key for any business. That’s an easy concept. What’s more difficult to understand is how to effectively manage all the things that pose a risk to that precious cashflow.

As a business owner, one of your biggest risks is workers’ compensation. According to the Liberty Mutual Workplace Safety Index, workers’ compensation cost business owners nearly $60 billion in 2012. That’s a lot of money!

The good news is that you don’t have to accept rising costs – and a strained cashflow - as a fact of business life.

Loss prevention can help limit workers’ compensation claims and lower your rates.

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Risk Management

GMS Receives 2013 Weatherhead 100 Award

by Tim AustinDecember 13, 2013 7:49 AM

We’re happy to announce that this week, Group Management Services (GMS), received the Weatherhead 100 award in recognition as one of Northeast Ohio’s fastest growing companies. From 2008 through 2012, GMS experienced a 55.5% growth in sales, making us the largest Ohio-based professional employer organization. The Weatherhead 100 award is given to companies whose net sales grew from at least $100,000 to over $1 million in the last five years and employed a minimum of 16 people full-time in 2012. 

 

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