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HR Budgeting Items to Consider for Next Year

by Tim AustinNovember 1, 2017 8:00 AM

Whether you’re basing your budget on last year’s expenditures or planning every budget item from scratch, it’s important to review different HR needs so that you don’t come up short in the places where you need extra funds. Here are some key HR items that you should consider when planning a yearly budget.

Image of money set aside for HR budgeting items for next year.

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Human Resources

To Insource or to Outsource: That is the Question

by Hanna JohnstoneFebruary 24, 2017 8:00 AM

Why did you start your business? Maybe because you are good at doing something. Maybe because you can offer a service that not many others can.

You worked hard to grow your business, to show everyone why they should use your company for their needs. You are a professional, and nobody knows your business better than you do. So why would you ever consider outsourcing back office tasks to a PEO if you can do them yourself?

At the end of the day, we all want the same thing: to be successful. Sometimes, to succeed we need to embrace the fact that we can’t always do everything ourselves.

Image of a human resources outsourcing company.

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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

What’s in a good 401(k) plan? These 7 Elements Can Help Attract and Retain Employees

by Tim AustinJanuary 24, 2014 8:54 AM

According to a Wells Fargo study, 37% of people expect to work until they die. That’s an alarming number, but one that you can use to your advantage.

Most people would rather spend their later years comfortably enjoying their retirement, so by offering a quality 401k plan, you give your business a step up in attracting and retaining quality employees.

Avoid Financial Confusion: Educate Your Group

Before we give you the key elements to a great 401k plan, it’s worth taking a moment to remind you that financial choices can be intimidating and confusing for many employees. One way you can help is by making an effort to ensure employees are educated about their choices. These resources will help make sure everyone is on the same page.

 

What Employees Look for in a 401(k) plan. Image 401K by 401(k) 2013 is licensed under CC by 2.0

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Benefits | Human Resources

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