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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 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

Is Your Workplace a “Harassment-Free Zone”?

by Andrew SzczesniakFebruary 3, 2015 7:47 AM

The Equal Employment Opportunity Commission (EEOC) has begun commission meetings under its new chair, Jenny R. Yang, this month. The newest commissioner was also sworn in at this time bringing the board back to its full strength of five members.

This month, they have also begun hearings on workplace harassment. What they have learned from experts in the field is that workplace harassment is still a major problem.

Workplace harassment is a major issue.

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Risk Management

Are You "Underutilizing" Your Employment Liability Tools?

by Andrew SzczesniakJanuary 27, 2015 7:00 AM

So you have that “bad apple” employee that you have to get rid of. He’s a pain in your side. Your management team spends an inordinate amount of time dealing with him and frankly, his co-workers don’t like him either. Sounds like a no-brainer, right?

Wrong.

When letting an employee go for cause, you need to make sure that you’re protecting yourself from the liability of:

  1. An unemployment claim that will drive your unemployment insurance up, cutting into your margins or putting you in a competitive disadvantage with your competitors
  2. A potential discrimination lawsuit filed by the employee
  3. A possible violation of either the FMLA or ADA that will have the federal government breathing down your back

How do you avoid these pitfalls? As with all things, there’s an easy way and a hard way.

 

Picture of a rotten apple. Think it's easy to fire bad employees? Make sure you're protecting yourself from employer liabilities.

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Risk Management

EEOC Challenges Employer-Sponsored Wellness Programs

by Andrew SzczesniakNovember 11, 2014 10:44 AM

The EEOC has made it into the news again, but you may not have heard about it.

A few months after the Equal Employment Opportunity Commission (EEOC) issued a ruling on how pregnancy in the workplace can be viewed as a worker’s comp issue, they have now weighed in on wellness programs.

Under the Affordable Care Act, there has been a strong push on advocating wellness for employees, and rightfully so. Wellness programs improve the health and productivity of your employees while increasing efficiencies and increasing profitability.

However, according to an article on jdsupra.com, the EEOC has not yet issued guidelines on how employers can and must structure wellness programs to be in compliance with the Americans with Disabilities Act. Despite the lack of guidelines, the EEOC is pursuing two litigation cases against two separate companies for what they say are violations of the ADA (Americans with Disabilities Act).

Challenges Ahead Sign. The EEOC's lack of guidelines have created challenges for business owners who want to administer an employee wellness program.

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Benefits | Risk Management

Controllable Costs

by Andrew SzczesniakOctober 21, 2014 8:18 AM

In the business world, everyone is always looking to maximize profitability. It’s not because business owners are greedy trying to grab every last dime. It’s because they are working their tail off to either make the business succeed or make it grow.

In their efforts to do so, business owners look to control what they can, especially when it comes to costs. As a salesperson, I have often been the person who they tried to control costs through by either beating me up on price, extracting extra services or using what my company does to help make them more profitable. However, it often seems to come back to controlling costs.

When a business owner thinks of controllable costs, they often think of material prices, employee hours or something else on the production end. What seldom comes into play is controlling workers comp, healthcare and unemployment costs.  But, how can you control those costs? Those things are completely out of a business owner’s control. Right?

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

OSHA’s New Requirements

by Andrew SzczesniakOctober 15, 2014 8:12 AM

Beginning January 1, 2015, OSHA will begin enforcing new rules and requirements according to a recent article in Construction Equipment Guide. This new rule applies to companies that fall under Federal OSHA jurisdiction. (Do you know if your company falls under this category?)

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Risk Management

EEOC Changes Guidelines on Pregnancy Bias

by Andrew SzczesniakJuly 29, 2014 8:38 AM

For many employers, hearing that the Equal Employment Opportunity Commission (EEOC) has issued a ruling sounds a lot like fingernails on the chalkboard. They know it’s there, but they don’t often want to hear it.

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Benefits | Risk Management

Time To Get Educated!

by Tim AustinJuly 16, 2014 8:49 AM

Still not sure what exactly a PEO (professional employer organization) is?  Need help selecting a PEO?  Ever think about outsourcing payroll?

You're not alone, but you’ve come to the right place for answers! Today, we're proud to announce the launch of our new Education Center.

 

In our Education Center, you'll learn more about what PEO is. For example:

  • A PEO offers a cost-effective and unified method for handling back-office services for small and medium sized businesses.
  • PEOs provide services to help reduce business risk, manage employee benefits, process payroll, find quality employees, and more.  
  • PEOs exist in every state and provide services to more than 2.5 million people.
  • The PEO industry is valued at $80 billion per year (and growing).

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Benefits | GMS News | Human Resources | Payroll | Risk Management

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