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  • In the business world, there are a variety of tax forms and returns that require meticulous attention to detail and timely filing. Failing to meet tax deadlines or filing incorrectly can lead to monetary penalties with interest payments, reputational harm, and the prevention of your company from receiving a business loan, among other consequences.

    Given the variety of tax documents and forms that must be filed by different deadlines, it’s easy to make mistakes or overlook important dates. While there can be consequences for missing a deadline or filing incorrectly, there are solutions available to help reduce any potential reputational damage or financial loss. 

    Common Consequences for Missing Deadlines 

    Monetary penalties 

    Keeping track of tax filing reminders can be challenging, whether you jot them down on your calendar or keep important dates on scattered papers around your office. Mistakes can occur, leading to incorrect tax form submissions or missed deadlines. In most instances, a missed deadline results in monetary penalties for failing to file and pay, which can include interest payments. The Internal Revenue Service (IRS) sets these penalties, and the typical failure-to-file penalty is five percent of the unpaid taxes for each month the payment is overdue, which can go up to a 25% maximum. These penalties can accumulate quickly, impacting your bottom line.  

    Property collection 

    Failing to meet tax deadlines can have serious consequences that extend beyond your financial accounts, affecting your physical property and belongings. If a business or individual does not address their tax debt, the IRS has the authority to collect physical assets, seize bank accounts, garnish wages, and place liens on property. A tax lien limits your ability to obtain credit and grants the government a legal claim to your property. Additionally, the IRS can take further action by denying or revoking your passport. 

    What to Do If You Miss a Deadline 

    If you miss a tax return deadline, there are several ways you can reduce the penalty amount you’d have to pay.  

    File the tax returns as quickly as possible: The sooner you file your tax return, the better. This reduces interest and penalties on the outstanding amount. It can also help lower the risk of paying a late filing penalty.  

    Pay as much as possible: If you aren’t able to pay the full amount of your tax return, pay as much of the amount as you can. This will reduce the amount owed, lowering your penalty and interest amounts.  

    Research: If you have paid your taxes correctly and on time for the past three years, you may be eligible for penalty relief. Research and review the requirements for First Time Abate relief, and make sure to double-check that your return meets all the qualifying criteria before submitting.  

    Tax Compliance Assistance  

    Submitting tax forms and ensuring tax compliance can be complicated, especially for business owners who may lack the time or expertise to manage these responsibilities effectively. Fortunately, there are resources available to assist business owners with tax management. One valuable option is a partnership with a professional employer organization (PEO) like Group Management Services (GMS). 

    GMS simplifies payroll tax management through our streamlined HR and payroll technology. Our payroll software securely stores important employee information, protecting your workforce from potential security risks. Our team ensures accurate tax filing and compliance with federal, state, and local tax laws, giving you peace of mind throughout the year. Safeguard your reputation with efficient, safe, and accurate tax filings by considering a PEO partnership. Discover more about our tax services here!

  • As temperatures drop and winter approaches, construction business owners encounter specific challenges, including weather-related delays and increased safety risks for workers. Preparing for winter involves more than just providing warm protective gear; it requires careful planning to keep projects on track and ensure the health and well-being of employees.

    Winter preparation is essential for maintaining workforce safety, ensuring compliance with regulations, and completing projects efficiently and on schedule. Continue reading to discover effective ways to prepare your business and protect your employees during the winter months. 

    Preparing For the Winter Months

    Winter conditions increase the risk of injuries, especially in the construction industry. With freezing temperatures, ice, and snow, employees face a greater risk of making a mistake, slipping on patches of ice, experiencing hypothermia or cold stress, or mishandling equipment. To reduce the risk of these accidents, business owners should review their current safety policies and procedures and consider the following tips. 

    Provide proper winter gear

    To help reduce the risk of hypothermia, slips, falls, or frostbite, employers should provide proper gear. This gear should include insulated gloves, boots with good traction, warm outerwear, and eye protection. When employees have proper safety equipment, they feel safer, which can lead to improved productivity and morale. 

    Schedule with intention 

    Employers should require employees to wear proper equipment and schedule work shifts during the warmest parts of the day, typically when the sun is up, to minimize exposure to cooler temperatures.

    Business owners should also schedule consistent breaks. This allows employees time to warm up and hydrate in a heated, dry environment. This ensures your employees are alert, warm, and at a lower risk of cold stress or hypothermia.   

    Consistently check the job site 

    Cold weather can significantly impact equipment and construction materials. To minimize damage from snow, ice, and moisture, it is important to properly cover or store your materials. This practice helps maintain the quality of your equipment and can save you money on potential replacement costs. It’s also best practice to keep walkways, access roads, and the job site free from any ice or snow to prevent accidents or delays.  

    Prioritize worker safety 

    Along with providing appropriate protective equipment for your workforce, it is essential to offer safety education. Conduct refresher training sessions on cold stress and hypothermia, covering their symptoms, causes, and treatment. When employees recognize the signs, they are more likely to take proactive steps to seek warmth and ask for help. Winter safety training should also review basic safety procedures, injury and accident protocols, and remind employees of the best practices for navigating job sites during the winter months.  

    Construction Safety with GMS

    As a construction business owner, navigating the cooler temperatures and the accompanying wind, snow, and ice can be challenging. But with the right preparation and education, your workforce can operate safely and efficiently. You also don’t have to navigate the winter months alone. With Group Management Services (GMS), you gain a trusted partner who can assist with risk management and workers’ compensation claims. 

    GMS’ safety team offers a range of services, including conducting safety audits, addressing compliance concerns, developing safety plans, providing training, and offering on-site consulting. They can help you proactively manage your safety policies and risk management, ultimately making your company simpler, safer, and stronger. 

    Explore our risk management offerings here!  

  • Maintaining effective, accurate, and streamlined operations is crucial for business growth and success. One of the most important tools that business owners can use to enhance efficiency and support their goals is a Human Resources Information System (HRIS). Regardless of company size, an HRIS system can automate administrative tasks, mitigate risks, and streamline employee management, effectively improving overall efficiency.  

    What Is an HRIS? 

    An HRIS system is a software solution that helps businesses manage and automate core functions such as employee management, payroll, benefits administration, recruitment, onboarding, and more. This platform simplifies these tasks by consolidating them into one central location. Both employees and employers can easily access their information and remain confident that their personal data is securely protected. 

    What is Included in an HRIS system? 

    Payroll administration 

    With an automatic payroll system, business owners can save time when it comes to calculating wages, subtracting deduction amounts, and sending out pay stubs. With an HRIS system, employees can access their pay stubs quickly and accurately through their personal portal. Using this software to run payroll not only saves time for business owners but also minimizes the risk of errors and late filings. 

    Onboarding

    Onboarding new employees can be a challenging task, but an HRIS system can simplify the process. With this system, new hires can complete the necessary paperwork online before their first day, saving them the time and stress of doing it on their starting date. Additionally, they can watch any required training videos in advance, giving them the opportunity to focus on meeting their new coworkers, learning company policies, and understanding their new position.  

    Benefits Administration

    With an employee self-service portal, HRIS systems provide employees with the ability to personally review and manage their benefits and health care plans. Employees can access and change their retirement plan contributions at any time or during open enrollment periods. HRIS systems can also save previous insurance or health care information year to year, making it easier for employees to enroll in the same plan again.  

    Key Benefits of an HRIS

    While there are a variety of benefits to implementing an HRIS system, improved efficiency, greater data accuracy, and compliance are among the most common and important.  

    • Improved efficiency and productivity: An HRIS automates your once manual processes, saving you time and reducing potential errors. With employers no longer focusing on manually running payroll or screening resumes, they can turn their attention towards business growth and improving their bottom line. 
    • Better data accuracy and security: With an HRIS, employee data and information are stored in a secure platform. Having important information all in one place also reduces the risk of error and duplication, giving everyone peace of mind when it comes to their personal information.  
    • Greater compliance: Transitioning to an automated process reduces the risk of human error. With a lower risk of human error or mistakes, there is a greater chance of having updated, accurate, and compliant information. With a reduced risk of noncompliance, there is a lower risk of fines or monetary penalties.  

    GMS Connect

    Investing in the right HRIS is not just another decision; it’s a strategic choice that can enhance your company’s overall chance of growth, success, and efficiency. HRIS platforms save business owners time, money, and peace of mind when it comes to their business operations. If you’re currently running a business, it might be time to consider implementing one.  

    At Group Management Services (GMS), our HRIS platform is called GMS Connect. Our system helps business owners streamline their onboarding process, seamlessly run payroll, and manage their recruitment and hiring efforts, anytime, anywhere. Our clients can rest assured that their information is protected by the highest standards. GMS is proud to be SOC 1 certified, a testament to our stringent policies and procedures.  

    Are you interested in implementing an HRIS for your business? Contact us to learn more! 

  • Employee burnout remains a growing concern affecting the productivity and morale of the workforce. While burnout is showcased differently depending on the individual, it is often caused by a heavy workload, long hours, and personal stressors. Consistent burnout is a red flag for both employees and employers, indicating that something isn’t working or needs adjustment, as it can lead to more significant issues in the long run.  

    Recognizing the causes and symptoms of burnout is the first step toward creating a healthy and productive work environment. 

    What Causes Employee Burnout? 

    While there isn’t just one root cause of burnout, there are several common factors that contribute to it.  

    Lack of clarity on job responsibilities

    When employees are unsure of what’s expected of them, it creates confusion and stress. They may stumble through their work, constantly worrying about whether they are performing their duties correctly or not, which can lead to errors, missing tasks, and inconsistency. 

    Lack of support

    A workplace without adequate support from leadership, peers, or upper-level management can leave employees feeling isolated, overwhelmed, and unable to perform their job responsibilities to the best of their ability.  

    Poor work-life balance

    When work consistently spills into personal time, it becomes difficult for employees to rest. Employees need to have boundaries between their personal and professional lives. Without proper time away from work, they will be unable to relax and recharge, effectively reducing productivity.  

    Heavy workloads

    Constantly juggling too many tasks can lead to mental and physical exhaustion. When employees are overwhelmed, they are more likely to make a mistake or miss deadlines. 

    What Burnout Looks Like 

    Burnout builds over time, often showing up in subtle ways before becoming more serious. If you see your employees consistently showing the following symptoms, it might be a sign that they are experiencing burnout. Common symptoms include:

    • Exhaustion and fatigue
    • Difficulty concentrating
    • Depression
    • Reduced productivity and engagement

    If left unaddressed, these symptoms can lead to long-term health issues, reduced morale, low productivity, and increased turnover. 

    How to Combat Burnout in the Workplace 

    Burnout is preventable and manageable with the right strategies in place. Here are some effective ways organizations can support their teams. 

    Promote Work-Life Balance

    A culture that respects personal time fosters healthier, more engaged employees. Consider implementing paid time off (PTO) policies or flexible scheduling to allow your employees more availability to relax or focus on what is important to them. Allowing your workforce more control over how they spend their time can deepen the trust and loyalty between employee and employer. 

    Implement Employee Assistance Programs  

    Burnout isn’t always physical. It can exhibit as a lack of motivation or difficulty concentrating. With an employee assistance program (EAP), your employees have another outlet for emotional and mental relief. EAPs provide confidential support for employees dealing with stress, mental health issues, or personal challenges. Implementing an EAP showcases your dedication to employee well-being while simultaneously providing support where it’s needed. 

    Open the Lines of Communication

    You won’t know the extent of your employees’ struggles until you have a conversation with them. Consistently scheduling one-on-one meetings or company-wide town halls can improve interdepartmental communication, loyalty, and trust. By opening up communication channels, you are showcasing your dedication to employee health and well-being. This also allows you to proactively address workforce concerns, implement solutions that can reduce turnover, and improve morale.  

    Reduce the Risk of Employee Burnout with GMS

    Burnout is not just an individual problem; it’s a workplace challenge that affects everyone. By recognizing the signs early and taking appropriate action, organizations can create a culture of well-being, trust, and long-term success. However, finding and implementing effective solutions can be challenging, which is where Group Management Services (GMS) comes in. 

    When you partner with GMS, you gain access to a top-tier EAP provider as part of a comprehensive benefits package. Our team manages EAP administration, allowing you the time to focus on your business growth. Our HR team also supports business owners in implementing PTO policies and can provide guidance on benefits administration, healthcare policies, and more. With the right support and expertise, your workforce can grow, thrive, and succeed. 

  • Open enrollment is a busy time for individuals with health insurance plans. Although the specific dates vary depending on the type of insurance, the state, and the employer, the overall process remains consistent. Open enrollment is the time when people can enroll in, update, change, or cancel their health insurance.  

    Many individuals enroll in a health insurance plan through their employer, which reduces the financial burden of health care costs such as doctor’s visits, medications, and more. It’s important to note that you cannot make changes to your health insurance plan outside of the open enrollment period unless you qualify for a special enrollment period. 

    Special Enrollment Periods 

    Whether you’re an employer or an employee, it’s important to understand special enrollment periods and what they entail. 

    Open enrollment is the only period for making changes to your health insurance. However, if you experience a qualifying life event, you can make these changes through a special enrollment period. Qualifying life events (QLE) are events that change your everyday life, such as getting married, losing your job, having a child, and more. QLEs include, but aren’t limited to the following:

    • Getting married, divorced, or separated
    • The death of a spouse or family member who shared your health plan
    • Having or adopting a child
    • Turning 26
    • A change in employment, leading to the loss of coverage
    • Moving your residence
    • See a list of other QLEs 

    While it is most common for people to qualify for a special enrollment period due to a QLE, several other situations may qualify someone for a special enrollment period. Such as: 

    • Becoming a United States citizen
    • Leaving incarceration
    • Experiencing a natural disaster such as an earthquake, hurricane, etc.
    • Learn more here 

    Assistance with Managing Enrollment Periods

    Open enrollment can already be a stressful and confusing time, but for employers, that stress can reach new heights. Managing different health insurance plans and costs can quickly become overwhelming, especially since all changes happen within that specific time frame. Employers also must be aware of employees who need to make health insurance changes during special enrollment periods and consistently review their current offerings to make the most cost-effective decision for their employees and company. Managing these changes is no easy feat, which is why business owners may look for assistance from a third-party company like Group Management Services (GMS).  

    GMS helps business owners manage open and special enrollment periods with our expert guidance, the help of a Benefits Account Manager, access to competitive group health plans, and administrative benefit support. GMS also offers business owners access to supplemental benefits, effectively reducing the cost and headaches that come from benefits administration. Contact us to learn more about how GMS can help your company during open enrollment and assist in managing special enrollment periods.  

  • A new hire’s first day can set the tone for the rest of their time at your company. Putting your business’s best foot forward and showcasing your efficiency, loyalty, and personability are vital to making a strong first impression on your new employee. A great way to do that is by implementing a robust onboarding process.  

    Onboarding a new employee can be challenging for both the employee and the employer. It can be a seemingly endless storm of handshakes, introductions, filling out paperwork, and navigating your new office. By developing an onboarding process, you can introduce your new hire to your company in a more systematic and organized manner.

    The Onboarding Process 

    Unlike employee orientation, employee onboarding is a process designed to introduce new hires to their daily responsibilities, technologies, and procedures. This process helps them fully integrate into the company and can take several months to a year to complete. Onboarding may include personalized training, tours of the building or job sites, shadowing other employees, and more. While this process can quickly become an overwhelming experience, there are several ways to simplify it. 

    Pre-board the Employee 

    To ensure that your new hire doesn’t feel overwhelmed on their first day, employers should consider pre-boarding them before their official start date. This allows employees to complete administrative tasks and necessary paperwork ahead of time. Required documents typically include tax forms, direct deposit forms, and nondisclosure or non-compete agreements.

    Additionally, providing the necessary materials or equipment that they will need for their role can help ease them into their new position. These materials might include their computer, mouse, business cards, or uniform. By sending the required paperwork and materials before their start date, new hires can focus more on the onboarding process when they arrive and make the most of their first day. 

    Set Up a Meet and Greet 

    One of the most overwhelming aspects of an employee’s first day is meeting their new team. Depending on the size of the workforce, the level of stress can vary, but memorizing names and trying to make a great first impression can be a challenging task. To ease this burden, consider scheduling a designated time for the new hire to meet and talk with their coworkers. Organizing a team lunch or happy hour is an excellent way to bring everyone together in a more relaxed setting. This approach will help foster stronger connections among your workforce and make everyone feel more comfortable collaborating. 

    Incorporate Job Shadowing 

    Every employee is unique, which means that their training and learning styles may vary. Some people learn best by reading, while others excel through hands-on activities, and some retain information better when they hear it. Incorporating job shadowing into your onboarding process can effectively address these different learning styles by combining them. This approach allows new hires to experience their roles firsthand, ask questions, and gain practical experience. Additionally, employers should consider having new hires shadow employees across various departments. This practice will help them understand the business as a whole. 

    Practice Open Communication 

    To fully understand how the onboarding process is going for your new hire, it’s best practice to consistently check in with them. Scheduling weekly meetings or quick check-ins can help you monitor their progress and provide a safe space for them to share any concerns or questions they might have. This can also strengthen your relationship with them, fostering a greater sense of trust, camaraderie, and loyalty. It can also help you identify gaps in the onboarding process, allowing you to improve it and make changes if needed. 

    GMS Streamlines Employee Onboarding 

    Employees are the foundation of every successful company. While business owners know their operations inside and out, training new hires can be time-consuming and expensive. But with the help of Group Management Services (GMS), you can simplify and improve your onboarding process while reducing training costs. 

    Our online training programs are tailored specifically for small and mid-sized businesses and can be customized to meet your company’s unique roles and team responsibilities. Our Learning Management System can streamline your onboarding process by allowing your employees to easily access online training courses and resources. We also simplify onboarding through our Human Resource Information System (HRIS), enabling new hires to complete essential paperwork and orientation tasks online quickly and efficiently. 

    Proper onboarding can be the difference between a long and short-term hire. Learn how GMS can improve and simplify your onboarding process here!  

  • Around 78% of employers believe their workers are prepared for retirement, but their employees feel differently, with only 45% of them feeling prepared. Planning for life after work doesn’t just affect the employees; it impacts the company. If your workforce consistently worries about their future financial wellness or their ability to make ends meet, they aren’t actively engaging at work, reducing their productivity and attention to detail.

    While concerns about retirement vary by age group or tax bracket, it’s important for business owners to assist their workforce with retirement planning. Providing your workforce with the resources and tools needed to properly plan for retirement can improve employee trust, loyalty, and attract top talent. Continue reading to learn about the different ways you can support your workforce’s retirement journey.  

    Promote Retirement Plans 

    One of the most well-known ways employers assist their employees with retirement is by offering a retirement plan. A retirement plan is a financial strategy that helps individuals save money for life after work. It utilizes resources such as 401(k) plans, Individual Retirement Accounts (IRAs), and other options to grow savings.  Individuals can set aside a certain amount of their income into an account, allowing them to start saving earlier. Providing tools like a retirement plan demonstrates loyalty to your employees and shows you care about their well-being. 

    Provide an Employer Contribution 

    Depending on the company and plan type, employers often contribute funds to their employees’ retirement accounts. Offering a high contribution amount is another way to attract top talent and retain your current workforce. There are several contribution types that employers can provide.

    Matching contributions 

    • This contribution is when an employer adds money to an employee’s retirement account, usually based on a percentage of what the employee already contributes.
    • The amount grows tax-free while in the plan and is only taxable when withdrawn.

    Nonelective contributions 

    • This contribution is given to all eligible employees and is not contingent on whether the employee contributes to it.  
    • These contributions are tax-deductible. 

    Profit-sharing contributions 

    • Profit-sharing contributions are a type of retirement benefit provided by employers, where a company allocates a portion of its profits to employees by making direct contributions to their retirement accounts. 

    Provide Educational Resources 

    A great way to prepare your workforce for retirement is to educate them about their options. There are various retirement plans available, such as a 401(k), Simplified Employee Pension Plan (SEP), and Employee Stock Ownership Plan (ESOP), among others, each with its own benefits. By offering educational sessions and providing advice regarding your specific retirement plan offerings, you can help your employees make more informed decisions about their retirement and future financial planning. 

    Provide voluntary benefits 

    Employers can support their employees’ retirement savings goals by offering a range of voluntary benefits to reduce financial stress. For example, health care benefits such as dental and vision coverage, and health savings accounts (HSAs) help employees manage out-of-pocket medical costs, allowing them to invest more towards retirement. Additionally, benefits like long-term care insurance, legal assistance, and identity theft protection provide financial security and peace of mind, which can encourage more consistent retirement contributions.  

    Retirement Plans and GMS 

    Effectively budgeting and planning for retirement is important for employers and employees. Employees often look to their employers for help regarding funding and contributions. Managing employee retirement funds can be a complex and overwhelming feat for a business owner. Luckily, there are third-party companies like Group Management Services (GMS) that can assist with 401(k) management and retirement planning.  

    Our team can help you manage your retirement contributions and help you set up fully customizable profit-sharing plans that make your company more attractive to quality employees. From contribution amounts, vesting schedules, and eligibility requirements, GMS can help ensure your compliance and make sure you get the most out of your retirement plans.  

    Learn more about GMS’ profit-sharing and 401(k) plans here! 

  • As a business owner, it is essential to prioritize the health, wellness, and happiness of your employees for overall success. An effective way to support your workforce is by understanding their rights, adhering to employment laws, and implementing appropriate safety measures. 

    While there are various laws dedicated to managing the rights and health of employees, the Family and Medical Leave Act (FMLA) is one of the most important regulations that form the foundation of employment law. FMLA is a federal law that provides eligible employees up to 12 weeks per year of unpaid, job-protected leave for specific family or medical reasons.  

    Millions of workers take advantage of FMLA leave every year, making it an important law for employers to understand and enforce. Continue reading to learn more about the details of the FMLA and its requirements.  

    What Is FMLA?

    Life is unpredictable, and circumstances can arise where an employee is unable to continue focusing on their work. FMLA is designed to help employees who are experiencing specific family or medical problems by offering three months of leave per year to focus on caring for a family member or addressing their own health issues. This leave gives employees peace of mind that their job is secure while they care for a loved one and allows them to still use their health benefits.  

    Requirements for leave 

    Like other laws, there are specific requirements that must be met to utilize FMLA. Certain organizations are eligible to offer FMLA leave. Public agencies, including local, state, and federal employers, as well as education agencies, can utilize FMLA leave. Employers with 50 or more employees are also eligible to provide FMLA leave. 

    Employees using FMLA are eligible to take leave for any of the following reasons: 

    1. To care for an immediate family member with a serious health condition 
    2. For placement with the employee of a child for adoption or foster care 
    3. For the birth and care of the newborn child of an employee 
    4. When an employee is unable to work due to a serious health condition 
    5. For qualifying issues related to the employee’s spouse, child, or parent on active duty in the National Guard, Reserves, or Regular Armed Forces. 

    An employee is eligible to utilize FMLA if they:

    1. Work for a covered employer 
    2. They have worked with their employer for at least 12 months 
    3. Have worked at least 1,250 hours over the past 12 months 
    4. Work at a location where the company employs 50 people 

    Employer Best Practices for FMLA Compliance

    When it comes to regulatory compliance, employers must stay informed about changing laws and regulations. As laws change, it’s essential to not only stay informed but also communicate those updates clearly to your workforce.   Whether through a company-wide email or a town hall meeting, effective and consistent communication is crucial for fostering a loyal, educated, and prepared workforce.

    To further ensure compliance with FMLA, employers should regularly check government websites and stay informed about updates from industry leaders. Staying informed about regulatory changes is a proactive way to maintain compliance. Many companies also choose to hire a third-party administrator, such as a professional employer organization (PEO), to assist with employee management, compliance, and human resources (HR). 

    A Helping Hand with FMLA

    Group Management Services (GMS) is a certified PEO committed to helping business owners enhance their efficiency, ensure compliance, and effectively manage their workforce. Our team of HR experts specializes in FMLA compliance, providing services to review your current policies, advise on potential changes, and assist with related administrative tasks. We are here to answer any questions you may have regarding compliance, FMLA requirements, and more, serving as a supportive resource for your employee management needs. 

    Do you have a question about FMLA? We can help! Contact us to learn more.

  • The recruitment process involves searching through online job boards, reviewing resumes, conducting multiple interviews, writing job descriptions, and more. As a business owner, your time and energy should be focused on growing your business and improving your bottom line, rather than sifting through resumes and organizing phone interviews. 

    In recent years, recruitment has increasingly relied on artificial intelligence (AI). According to HR Dive, 57% of companies already use AI in hiring, and 74% believe it has improved the quality of their hires. While AI technology has helped companies by analyzing candidate language, handling communication, reviewing resumes, and scheduling interviews, there are still concerns surrounding potential AI bias and inaccuracies.  

    While it may look like AI is the future of employee recruitment, there are other ways for business owners to review potential candidates and streamline their hiring processes that don’t involve unreliable AI technology. One effective solution business owners can utilize is a professional employer organization (PEO) partnership.  

    PEOs and Recruitment

    Recruiting, hiring, and training employees can be time-consuming for employers, but teaming up with a PEO like Group Management Services (GMS) can simplify this process. 

    1. Knowledgeable team

    By partnering with a PEO, you gain access to a range of services and the support of a knowledgeable team of experts. Your dedicated human resources (HR) team serves as your main point of contact and is available to assist with any questions or concerns related to the recruitment process, HR compliance, specific candidates, and more. GMS’ recruitment team can help you write job descriptions, job ads, and implement effective recruitment strategies. They can review applicants and conduct phone interviews, providing you with the extra support needed to hire the right candidate. 

    2. Partnerships with job boards and applicant tracking

    One of the most challenging aspects of recruitment is attracting the right candidates. It can be difficult to find individuals who are experienced, focused, and have the specific skills required for the role. GMS’ partnership with Indeed and LinkedIn simplifies the job posting process by reaching a broader pool of applicants.  

    3. Assistance in managing the recruitment process

    The recruitment process involves managing multiple responsibilities at once. At GMS, our team is fully equipped to support every stage of the recruitment process, including crafting compelling job descriptions, posting openings, reviewing resumes, and conducting phone interviews. Business owners gain access to powerful tools that simplify and optimize hiring workflows through our Applicant Tracking System (ATS) and GMS Connect. An ATS tracks potential candidates throughout the hiring journey and provides valuable insights to business owners and our recruitment team. Onboarding and training are seamlessly managed through GMS Connect, our advanced Human Resources Information System (HRIS), designed to simplify and enhance the employee experience. 

    Negative Impacts of Using AI In Recruiting

    While there are several benefits to using AI for employee recruitment, such as cost reduction, task automation, and interview assistance, it also comes with notable drawbacks that business owners should carefully consider. Utilizing AI technology can lead to potential privacy concerns and HR compliance risks. Many organizations haven’t established policies for AI, which increases the risk of non-compliance and privacy violations.  These violations can lead to employee distrust and monetary penalties. AI technology also has a history of reinforcing bias, leading to unfair treatment of certain demographic groups.  

    GMS acts as your recruitment partner by providing your company with the knowledge, technological support, and expertise needed to interview and hire the right candidate for your open positions. Whether you need help with writing that perfect job description, have questions about the interview process, or need help posting a new open position online, we can lend a helping hand. Running a business is challenging enough; let us take on the administrative burdens associated with employee recruitment. 

    Want to learn more about our services? Contact us today! 

  • Workers’ compensation insurance is essential for the health, safety, and security of both employees and employers when a workplace accident or injury occurs. Employers purchase workers’ compensation insurance annually to provide coverage for employees who sustain injuries or illnesses at work. This coverage typically includes compensation for lost wages and medical expenses such as doctor visits, medications, and more. 

    For employers, understanding the limits and structure of their workers’ compensation policy is crucial, not only for compliance but also for financial and operational planning. 

    What Are Employer’s Liability or Part B limits?

    Workers’ compensation limits refer to the maximum amount an insurance policy will pay if an employee decides to sue you for a work-related illness or injury.  These limits are typically broken down into different categories, such as:

    • Per accident: The maximum payout for a single incident. 
    • Per employee: The maximum payout for claims made by one employee.
    • Policy aggregate: The total amount the policy will cover across all claims during a policy period. 

    Different policies offer different limits, and choosing the right coverage depends on the size of your workforce, the nature of your business operations, and your risk exposure. Typical policy limits are $100,000 per accident, $500,000 per policy, and $100,000 per employee.   

    How Claims Impact Employers

    When an employee files a workers’ compensation claim, the employer may face several consequences. If a company has a history of frequent, severe, or high-cost claims, it may receive higher insurance premium costs. A higher number of claims can disrupt operations by affecting productivity and staffing. If an employee is absent from work due to an accident, it can reduce overall production, efficiency, and morale within the workplace. Additionally, the absence of an employee can lead to increased labor costs due to overtime pay for other employees covering for the missing worker. 

    Managing these claims requires significant time and administrative effort. Completing paperwork, managing expenses, conducting investigations, and implementing safety measures can shift focus away from core business operations. Understanding policy limits is crucial for reducing these risks and facilitating smoother claim handling. 

    GMS Workers’ Compensation Coverage

    Choosing the right workers’ compensation policy and understanding its limits is a key part of responsible business management. Group Management Services (GMS) provides workers’ compensation, assistance, and coverage with a policy limit of  $1 million. This coverage helps protect businesses from the financial strain of workplace injuries while ensuring employees receive the care and support they need.  

    Our team can assist with post-accident and claims investigation, return-to-work programs, claims certification, and more. We act as a helping hand as you navigate workers’ compensation and accompanying claims, giving you the expertise and knowledge you need to manage costs, protect your employees, and implement proper safety measures. 

    With GMS’ $1 million coverage, employers can feel confident they have strong protection in place. Still, it’s important to regularly review your policy and claims history to ensure your coverage continues to meet your needs. Feel free to contact us and learn more!