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4 Affordable, Practical Benefits that Will Help Attract the Best Employees

by Tim AustinMarch 10, 2014 10:00 AM

What would you say if a prospective employer offered you perks like free catered meals, free fitness classes, tuition reimbursement, unlimited vacation days, and-- for the expectant parents out there-- four months of paid parental leave? 

You might be tempted to rip the contract out of his or her hand and sign it on the spot—right?

Well, we didn’t make those up. Practical benefits like these are real, and some are being implemented at companies that constantly rank at the top of employee satisfaction lists.

 

Pet friendly workplaces have lower stress, encouage longer hours, and build office camraderie. Photo of dog in office. “Office dog” by seanhagen is licensed under CC BY 2.0

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Benefits

Protect Yourself From Workers’ Compensation Claims

by Tim AustinMarch 6, 2014 8:25 AM

There are a lot of factors that go into determining what your business’s workers’ compensation rates will be. But the simple truth is this: the more claims your employees file, the higher your rate will be.

Fortunately, there are two strategies you can follow that will limit the amount of time and money you spend dealing with workers’ compensation claims.

 Protect yourself from worker’s compensation issues with Group Management Services.

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Risk Management

What Happens With a Major Claim on Self-insurance Plans

by Tim AustinMarch 4, 2014 1:25 PM

Imagine you’re the CEO of a company with 49 employees. You’re currently covered through a fully insured health plan, but are considering switching to a self-insured group plan due to the potential premium increases resulting from the Affordable Care Act.  

All of the companies you know with self-funded plans are larger companies (250+employees), so you aren’t sure if this is the right solution for you. You’re also concerned that since you would pay self-insurance claims directly, your company could be liable for a major claim if an employee has a serious health issue. 

What do you think - what would you do in this situation? Before you make a decision, consider the following key points. 

What happens when you have a major claim on a self-insured policy?

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Benefits | Third Party Administration

GMS Receives 2013 Weatherhead 100 Award

by Tim AustinFebruary 21, 2014 7:37 AM

Group Management Services, Inc. was on honored on February 19th, 2014 at the Richfield Village Council meeting. They congratulated President and CEO, Mike Kahoe as GMS was awarded a 2013 Weatherhead 100 Award through the Case Western Reserve Weatherhead School of Management.

 

Mike Kahoe receives the 2013 Weatherhead 100 award.

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GMS News

How to Interview for the Best Candidate

by Tim AustinFebruary 12, 2014 10:10 AM

If we asked you to guess the top reasons people hate their job, what reasons come to mind?

The National Business Research Institute took a poll through Twitter and found that 33% of people blamed their job blues on annoying coworkers

So how can you avoid hiring one of the 15 most annoying coworkers, and select the best candidate for the position? 

We collected the articles below that share how to prepare for an interview, interview tips, and questions to ask when bringing on a new employee. 

These tips will help you as you assess the skills, experience, and cultural fit of your potential employees.  

How to interview for the best candidate. Image says Now Hiring. “hiring” by groundswell is licensed under CC BY-SA 2.0More...

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Human Resources

Benefits of Direct Deposit: Employer & Employee

by Tim AustinFebruary 10, 2014 9:36 AM

More than 60% of employees in the USA are paid by direct deposit, and the number will only continue to grow.

Here’s why:

Benefits for Employees

  1. Quick: No more waiting in line to deposit your check at the bank, or sending the paper check to your bank through the ATM or your phone app. Now you can be sure the money gets to where it needs to be. 
  2. Convenient: Employees don’t have to worry about being in the office to get paid. If they are on a vacation or out sick, they can be assured the deposit will be made. They can also control which account the paycheck goes into- maybe they choose to direct funds to a retirement savings plan or a checking or savings account. Bills can be paid immediately online as soon as a deposit is made.
  3. Green: Reduces a company’s carbon footprint, and offering online pay statements that are available 24/7 would also contribute to the green impact. 
 

Direct deposit has benefits for employers and employees. Contact GMS about how our services can help save your small business money. Image: Money in a jar "Money” by Tax Credits is licensed under CC BY-ND 2.0

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Benefits

Supplemental Insurance Plans: What's Important

by Tim AustinFebruary 7, 2014 8:39 AM

A recent NIH funded study looked at medical expenditure bills that represented more than 8,303 emergency room visits and came up with two startling conclusions: 

  1. There are huge variations in prices.
    Bills sent out for sprained ankles ranged from $4 to $24,110. 
  2. Prices overall are really high.
    The average emergency room visit cost 40 percent more than an average month’s rent (or $1,233 as the average rent is now $871 per month). 
 Supplemental Insurance options avaliable from GMS. Image: Scrabble Series Insurance” by Chris Potter is licensed under CC BY-ND
 

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Benefits

How to Perform an Effective Safety Audit of your Small Business

by Tim AustinFebruary 5, 2014 7:49 AM

Can you name the top three most frequently cited safety standards by Federal Occupational Safety & Health Administration (OSHA) in fiscal year 2013?

If you answered fall protection, hazard communication, and scaffolding then you were correct! Out of 3,945 worker fatalities in private industry in calendar year 2012, 775 or 19.6% were in construction

These statistics remind us that managing the risks involved in operating your business can be more than just paperwork. Employers are responsible for providing a safe and healthy workplace for their employees. One way to make sure the environment is safe is to conduct a safety audit.  

How to perform a safety audit of your small business. Image “Baby with hard hat, 1959” by Seattle Municipal Archives is licensed CC BY 2.0

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Risk Management

Why a Third Party Administrator is Vital to your Small Business Self-Insured Plan

by Tim AustinFebruary 3, 2014 7:58 AM

How healthy are your employees? If you are a small business owner looking to save money on your healthcare, let’s hope they are all vegetarian non-smokers training for a marathon, right? 

While that would be great, for your small business what matters more for your bottom line is the type of healthcare plan you provide. You have two choices: a fully insured plan or a self-insured plan. 

TPAs and self-insurd plans can save your small business money. Image is a piggy bank with a $100 bill. “Health Care Cost” by Tax Credits licensed by CC BY 2.0

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Third Party Administration

8 Traits of Effective Small Business Human Resource Managers

by Tim AustinJanuary 28, 2014 8:14 AM

It’s likely that as a small business, you don’t have a dedicated HR team. You may divide the tasks amongst a group of people, you may spend your nights and weekends making sure you’re keeping up to speed on the various HR regulations out there, or, even worse, you ignore it all together and just ‘wing’ HR management.

If you find yourself spending more and more time dealing with HR functions and less and less time growing your business, you have a couple options: hire a professional employer organization (PEO) to handle the tasks for you, or hire someone dedicated to the management of your HR needs.

Of course, we’d love it if you chose the option of hiring a PEO, but if you opt for hiring an HR manager, we’ve compiled a helpful list of 8 traits you should watch out for.

Multitasking is an essential skill for successful HR managers “inbox” by khrawlings is licensed under CC BY 2.0.More...

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Human Resources

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