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How to Reduce Your Worker's Compensation Costs

by Tim AustinDecember 23, 2013 8:00 AM

For small-or medium-sized businesses, worker's compensation can be extremely costly. You invest a lot of the time, money and resources into claims management to ensure your business stays compliant and your workers are protected. With your limited resources, there are steps you can take to minimize your risks and reduce your worker’s compensation costs. 

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Risk Management

4 Simple Ways to Keep Your Employees on the Nice List at Your Company Holiday Parties

by Tim AustinDecember 16, 2013 8:39 AM

Annual holiday parties are an important way to celebrate the year’s accomplishments and your employees’ hard work. However, mixing business and pleasure can make even the most seasoned HR professional nervous as improper conduct, offensive behavior or other violations can occur, leading to potential liabilities for you.

There are ways you can still throw a great party while ensuring your employees stay off the HR naughty list:

 

Make sure your employees make it to the nice list when it comes to having your company's holiday party.

 

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Risk Management

Preparing for the Inevitable

by Andrew SzczesniakAugust 29, 2013 7:51 AM

Be Prepared for worker's compensation claimsAlthough it’s still warm and the swimming pools are still open throughout Ohio, you’ve probably already started thinking about what needs to be done to prepare for the cold months ahead.

This preparation for the inevitability of winter is a fact of life in this part of the country. Similarly, because you have some time to prepare for worker's compensation claims (it takes two years before a claim impacts your premium), you can prepare yourself to mitigate the cost and impact on your BWC premium.

Follow the tips below to protect yourself in the face of worker's compensation claims: 

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Risk Management

Patience is Not Only a Virtue, But a Money Saver for Business Owners

by Andrew SzczesniakAugust 12, 2013 10:54 AM

When I was little my mother always told me that “patience was a virtue”. That was always her response when my sister and I would bother her with the all too famous phrase of “Are we there yet?” during our annual family vacation trips. Little did I know that the phrase she would tell us would come in handy down the road in my career and more specifically, in the realm of unemployment claims management.

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Risk Management

401(k) Testing: What is That About?

by Tom SmithMay 9, 2013 10:14 AM

I receive this question very often, especially at the beginning of each year. The IRS requires any company with a 401(k) plan to conduct annual compliance testing.

The testing is conducted after the plan’s year-end. For most plans, this is 12/31.

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Benefits | Risk Management

Business and Baseball

by Tim AustinApril 29, 2013 3:50 PM

My two older boys, ages 9 and 10, are playing ‘kid pitch’ baseball this year. Believe it or not, when I asked them what position they wanted to play, they both said “Dad, I want to be the pitcher”.

Then we asked each player on the team what position they wanted to play and each and every player said “Pitcher”. On paper this is not strange, as this is the most glorified position in baseball. After all, they make the most money, get the most publicity (when they are good), and seem to have the biggest fan base.

The other coaches and I talked to our 13-man roster about how important every position is on the team and how every position contributes to the overall goal. We teach them that they all have to play together to win.

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Benefits | Human Resources | Payroll | Risk Management | Third Party Administration

Negligent Hiring and Background Checks

by Chrystal ValentiApril 23, 2013 4:00 PM

If your employee injures a co-worker or customer while on the job, your company might be on the line.

Employers can face negligent hiring charges if a hiring decision results in an employee injuring or harming any person they come in contact with through the job. Not only can negligent hiring result in exorbitant financial costs, but it can also damage the organization’s reputation.

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Risk Management

Are Unemployment Taxes Costing You Money?

by Will HartApril 1, 2013 11:50 AM

I got a call last week from a client who has only been with us for a few months. He started back in July of 2012 and just received his first few invoices from the new year. He was pretty upset that his state unemployment tax had gone up substantially compared to November and December. Being in the payroll business for about 20 years, and with this being about the tenth of these calls I’ve taken in January, I knew where this conversation was going to lead.

The first question I ask is "Did you know about the State Unemployment Tax Authority (SUTA) wage cap?" In Ohio, the employer is only charged SUTA tax on the first $9,000 in earnings for each employee.

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Risk Management

Solving Small Businesses' HR Problems

by Andrew SzczesniakMarch 26, 2013 10:00 AM

Do any of these sound familiar?

  • Losing good employees to competitors.
  • A cranky work environment.
  • Excessive workplace injuries.
  • Out-of-control healthcare costs.
  • Ridiculously high unemployment insurance costs.

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Benefits | Human Resources | Payroll | Risk Management

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