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  • In today’s competitive job market, employers are constantly looking for ways to strengthen their employee retention rates and improve morale. While there are a variety of solutions for low retention and morale, enhancing your benefits offerings with supplemental insurance is a great place to start.

    Supplemental insurance plans, also referred to as voluntary benefits plans, aren’t required by law but do provide valuable benefits that can be used to complement your group health insurance plan. But what exactly are these plans, and how do they benefit both parties?

    What Are Supplemental Insurance Plans?

    Supplemental insurance plans are additional insurance policies that employees can purchase to complement their primary health insurance coverage. These plans are designed to cover health costs that fall outside of normal health insurance coverage, such as copayments, deductibles, and other out-of-pocket costs.

    These plans can include:

    • Life
    • Dental
    • Vision
    • Accident and critical illness
    • Long-term and short-term disability
    • Pet
    • Pre-paid legal
    • Home and auto
    • Telehealth

    If offered, employees can opt in to these plans. For example, not every employee may want or need a pet insurance plan, but an employee with a dog may be very interested in coverage.

    Benefits for Employees

    Offering supplemental insurance plans is a great perk for employees and shows they are cared for and valued.

    • Greater control: With supplemental insurance plans, employees can customize their benefits packages to fit their own needs as well as their spouse’s or children’s needs. They’ll also have greater control over how they utilize their benefits, helping them manage and utilize their plans more effectively and efficiently.
    • Access to specialized care: Plans like dental and vision insurance allow employees to access specialized care without worrying about high out-of-pocket costs. This encourages regular check-ups and preventive care, contributing to overall health and well-being. Supplemental insurance plans are beneficial because employees only pay for the specific care they need, rather than covering costs for services that other employees might require.
    • Flexibility: Employees can choose the insurance that best suits their needs and budget. This flexibility allows them to tailor their insurance coverage to their specific health requirements and financial situation.
    • Broader coverage: Depending on the plan, supplemental insurance can provide employees with broader coverage than a group health plan, ensuring they are protected against unexpected medical expenses that their primary insurance might not cover. This added layer of protection can be crucial in maintaining financial stability and peace of mind.

    Benefits for Employers

    As an employer, providing supplemental insurance for your workforce has several benefits for your business, including improving workplace morale, company loyalty, and your company’s bottom line.

    • Attracting top talent: Offering supplemental insurance as part of a benefits package can make a company more attractive to potential employees. In a competitive job market, comprehensive benefits can be a deciding factor for candidates choosing between job offers.
    • Employee retention: Supplemental plans can be a powerful tool to retain top talent. Providing robust benefits can increase employee satisfaction and loyalty because when employees feel valued and supported, they are more likely to stay with the company long-term.
    • Improved productivity: Healthier employees are more productive. By offering supplemental insurance, employers can help ensure their workforce has access to necessary medical care, reducing absenteeism and improving overall productivity.
    • Savings: While offering supplemental insurance can increase your premiums, it can lead to long-term savings. Healthier employees mean fewer sick days and lower health care costs, which can positively impact the company’s bottom line.

    Group Management Services and Supplemental Insurance

    Supplemental insurance plans are a valuable addition to any benefits package, offering significant advantages for both employees and employers. By providing enhanced coverage, financial security, and access to specialized care, these plans contribute to the overall well-being of employees.

    If you want to offer supplemental insurance for your employees, but aren’t sure where to start, consider partnering with Group Management Services (GMS), a professional employer organization (PEO). With the help of our knowledgeable team, GMS can help you offer great benefits and supplemental insurance packages at an affordable price. We offer a higher collective buying power that can lower your premiums and provide benefits comparable to those of a Fortune 500 company.. We will help you find the right package to offer to your employees and walk you through the entire process. that of a Fortune 500 company. We will help you find the right package to offer to your employees and walk you through the entire process.

    Contact us to learn more about how we can help your business!

  • Trying to balance raising a family, especially young children, and working a full-time job is quite challenging, especially amidst the COVID-19 pandemic. As schools were shut down and children had to learn remotely, parents had to figure out how to teach their children while working their full-time jobs. In addition, if parents couldn’t work remotely during the very beginning of the pandemic due to their occupation, trying to find a quality, affordable childcare added a whole new layer of stress. However, don’t forget that daycare centers and other childcare resources had to shut down for an extensive amount of time or reduce their hours, making it even more challenging for parents.

    In response to these unprecedented times, parents had to leave or at least consider leaving the workforce as they struggled to meet their employer’s work-from-home demands while helping their children through school. As a business owner who may face the same challenges as your employees, what can you do to help them and their families?

    Consider Offering Childcare Benefits

    From a survey that was conducted by 2,500 working parents, it was found that 20% of the working parents had to leave their job or reduce hours simply because of the lack of childcare. So, while business owners still face challenges attracting and retaining employees, adding childcare benefits could be your best solution. While you might not be able to add a daycare center within your business, there are plenty of other steps you could take to try and help your employees that have families, including the following:

    • Create support structures for women at work
    • Offer flexible work schedules and remote work for all parents
    • Increase childcare support as an employee benefit
    • Provide on-site or local childcare space and supervision
    • Be understanding
    • Provide what they need to succeed
    • Figure out their availability for meetings
    • Encourage transparency and communication

    Studies show that 64% of employees suffer from stress relating to balancing work and family commitments. If you recognize their feelings of stress and anxiety and take steps similar to the above, you can ultimately reduce the stress levels and prevent your employees from burning out or, worse, developing further mental or physical health issues. Reducing the feeling of stress amongst your employees will create a more positive work environment and more productive employees.

    Additional Steps You Can Take

    At the end of the day, offering childcare services within your business or providing employees with additional income to pay for these services probably isn’t within your budget. Alongside the list of steps you can take to make your employees feel heard and valued, you can partner with Group Management Services (GMS). GMS partners with business owners to make their jobs simpler, safer, and stronger. While we can’t build a child daycare center in the basement of your business, we can help by creating a benefits package that reflects these enhancements. We work with you to develop a plan so your employees can have the work-life balance they need to juggle the constant battle of their kids and careers. Whether it’s adding more paid time off days or providing them with resources to support their need, we’ve got you covered. Your employees are your biggest asset. The last thing you want is for them to leave your company because they don’t have the flexibility they need. Contact us today to learn how we can help you thrive and stand out during these challenging times.

  • Finding and hiring the right employees is a critical process for any growing business. That’s why more businesses are turning to recruiting partnerships to streamline and improve their recruiting efforts.

    According to a survey by the Society of Human Resources Management (SHRM), nearly two-thirds of companies outsource all or some of their recruiting. While larger companies are more likely to turn to recruitment partners, small and medium-sized businesses also benefit greatly from these relationships. Below we’ll break down exactly what these relationships are and why they’re an increasingly popular option for employers.

    What Is A Recruiting Partnership?

    The simplest way to define a recruiting partnership is when a company works with outside human resources professionals to find, attract, and hire talented candidates. The recruiting process takes a lot of time and effort for employers, especially when they don’t have any internal HR team. A recruiting partner can fill that recruiting department gap and create a customized approach for each client.

    Recruitment partners come in different forms. Some agencies specialize solely in finding and hiring employees, while professional employer organizations (PEOs) provide employee recruitment in addition to other services. Either way, entering into a recruitment partnership agreement can help you outsource time-consuming tasks like:

    • Creating and updating job descriptions
    • Drafting ideal candidate attributes, skills, and other qualities
    • Post openings to various job boards
    • Writing standardized interview questions
    • Application screening and shortlisting
    • Scheduling calls and interviewing candidates

    A recruiting partnership can also extend to another valuable relationship as well. Some PEOs and other companies maintain relationships with job posting platforms, such as LinkedIn, Indeed, and others. Recruiting companies with these relationships give businesses looking to outsource the recruitment process even more access to potential candidates than they would on their own.

    Multiple blocks representing job candidates found through a recruitment partnership agreement.

    How Businesses Benefit From Recruitment Partnership Agreements

    A true partnership needs to be beneficial for employers. Fortunately, there are a variety of reasons why small and medium-sized businesses outsource their recruiting efforts to a trusted partner.

    They save time

    A good recruiting partner helps businesses save time in multiple ways. To start, outsourcing some or all the recruitment process saves employers from having to manage these tasks on their own. Between posting job ads, reviewing resumes, and finding interview times that work for everyone, the hiring process can take up hours of valuable work time. Having a recruiting partner allows employers to focus on other duties while experts handle important yet time-consuming recruiting tasks.

    Another way that recruitment partners save businesses time is by shortening how long it takes to fill a position. SHRM reports that the average time to fill for U.S. businesses is 36 days. However, recruiting partners can speed up this process by attracting more candidates and streamlining your recruitment process.

    They improve your ads

    Not all job ads are created equal. Working with a recruitment team allows you to maximize the effectiveness of each posting. Recruitment experts can work with employers to narrow down exactly which type of candidates would make for high-level, long-term employees. Recruiters tailor job ads around those ideal qualities to make qualified candidates more likely to see the posting. These experts can even send the opening to passive candidates who may be a great fit but aren’t actively looking for a new job.

    Another recruitment strategy is to enhance your business’ presence on a job posting platform. Recruiting partners can help businesses build and claim company profile pages and showcase exactly why candidates should work for them. Those features include putting together company values, employee testimonials, and other qualifiers that can make your company more appealing.

    Greater ad buying power

    In addition to improving your ads, recruiting partners can help your ads show up more frequently for qualified candidates. The more ads a company posts on a job site, the more likely that site will favor those ads.

    Recruiting partners can post enough that their clients essentially enjoy greater buying power for their positions. For example, GMS posts a multitude of ads on behalf of different companies that platforms like LinkedIn and Indeed consider as higher-level corporate partners. Dollar for dollar, our ads will be higher on the page compared to a non-partner, which makes it more likely that job seekers will see your open positions.

    More marketplace insight

    When your ads have to compete with other businesses, it’s good to know what the competition is doing to attract your ideal candidates. Recruiting partners can conduct marketplace research to identify both industry trends and specific hiring tactics used by local rivals.

    This research can give you plenty of insight into where you lie in the marketplace. Once you know where you stand in terms of compensation, benefits, and other selling points, you and your recruiting partner can determine the best plan of action to maximize your recruiting efforts.

    Access to recruiting technology

    Most small businesses aren’t going to have special software to streamline their recruiting efforts, but recruiting partners will. By entering a recruitment partnership agreement, your company can gain access to online recruiting technology such as an applicant tracking system (ATS) that automates time-consuming tasks and enhances your recruiting efforts.

    Find The Right Recruiting Partnership For Your Business

    It’s not easy finding and hiring the right employees. The recruiting process is a big commitment for any business owner, which is why GMS partners with employers to lessen their workload and improve their hiring efforts.

    GMS works closely with companies to create a customized recruiting approach for their needs. We can scale with your needs, whether you want us to oversee seasonal hiring needs or the entire recruitment process for your business. Contact GMS today to learn more about our recruiting services and our unique partnerships.

  • In a former life I was a general manager. A large part of my position was screening and interviewing potential new hires. This important yet time-consuming process included:

    1. Phone screening
    2. Background checks
    3. Scheduling initial interviews
    4. Clearing my schedule to make time for interviews
    5. Conducting interviews

    …you get my point.

    Recruiting Takes Major Time

    My assistant managers and I would spend between 1 to 3 hours each week on these administrative functions, depending on the season. That averages out to 100 hours over the course of a year.

    During this entire time I was unaware of the HR and recruiting assistance offered by a professional employer organization (PEO) such as Group Management Services Inc., which would have cut those hours by more than half.

    Saving time – sounds good right? It gets even better.

    Finding the Best Candidates

    In a recent Inc. article, Ed Powers shares this insight about initial recruiting efforts:

    “Get a big funnel. You don’t want to be overwhelmed with candidates who all look the same, but you do want to have enough candidates so that you can be selective within a large pool. Reaching out beyond your usual go-to sources can uncover skilled candidates you may not have realized were out there.”

    When recruiting to add to your team, it’s important to:

    • Have a larger reach of candidates
    • Ask consistent questions
    • Fully comply with EEOC and labor laws

    Who can consistently meet those criteria: your HR recruiting professional from GMS, or you?

  • When it comes to your employees, you want the best of the best. Top candidates aren’t always easy to find, however. Recruitment is the first step in the employee lifecycle, and you want to make sure that you have a talented pool of prospects to choose from. Here are the places that you should be looking.

    Sometimes finding new employees is about where you look and who you ask.

    Searching Externally

    Over the years, online recruiting has become one of the most common practices for finding new talent. According to the Northcoast 99, a collection of 99 top workplaces in Northeast Ohio, preferred external searches include:

    • Electronic advertisements
    • Job boards
    • College recruitment
    • Online career centers
    • Potential interested parties from your personal network

    In addition to those practices, the power of social media can help in your search. Prospective clients can be found by posting an opening on social sites like LinkedIn. You can even advertise positions on Facebook and target the ad to reach a very specific audience. Plus, you may be able to find profiles for prospective clients and do some extra scouting for promising signs or red flags.

    Searching Internally

    Employee referrals are one of the best sources for potential employees. Your employees know what – and who – it takes to succeed, so see if there are any professionals they would recommend for an opening.

    If you’re looking to fill something other than an entry-level position, internal postings can be beneficial to your search. Your own employees are already familiar with your organization, and you will already have a sense of the internal applicant’s knowledge and work ethic. Past and present interns may also have the desire – and ability – to help the team in a full-time position.

    PDF: Managing the Employee Lifecycle

    Customizing Your Search to Your Business

    Just like potential candidates, each business is going to be different. That means that some of the recruitment suggestions listed above may work better for one business than others. To keep track of which search types historically work best for your company, keep track of the following metrics:

    • Number of qualified applicants by source
    • Number of new-hires by source
    • Percentage of top performers hired
    • Ratios like resumes/applications to phone interviews, phone interviews to in-person interviews, and in-person interviews to offers

    Another factor to recruiting top talent is offering an enticing benefits package. Group Management Services can help you offer intriguing options to prospective employees after you’ve found them. Contact us today to see how partnering with a Professional Employer Organization can benefit you and your business.

  • It won’t be long before millennials dominate the workforce. The Society for Human Resource Management (SHRM) reports that about a third of the current workforce is comprised of millennials. That same report indicates that millennials “are projected to make up 75 percent of all U.S. employees” by 2025. That means that you’ll probably want to take measures to attract top millennial talent when that generation dominates the pool of available job candidates.

    Of course, each generation has different priorities when it comes to finding an employer. For example, cash doesn’t rule everything around millennials. Instead, they tend to value a good company culture and special benefits more than a high dollar number. In fact, Forbes reports that “millennials would be willing to give up $7,600 in salary every year to work at a job that provided a better environment for them.”

    Millennials have different expectations than past generations. Here’s what you can do to make your business more appealing when recruiting millennials.

    Young professional happily employed by a business that recruited millennials.

    Reconsider Your Recruiting Style

    Technology has changed the way the people find jobs. The internet gives people so much access to find information about potential job openings and the companies that list them. This means that what potential applicants find online about you can be the first impression of your company.

    Fortunately, you have some control over your online presence. You can use social media platforms to showcase what your company is all about, including your values and culture. A mobile-friendly website is another way to showcase your business in a good light, especially since mobile job search is prevalent across all generations, not just millennials.

    Of course, how you communicate with millennials is a key part of recruiting them. For many millennials, it’s important to be authentic and make them feel like they would be working with you instead of for you. It’s important to make your company sound like a place where they would want to work. However, that doesn’t mean that you should hide certain aspects of your business. Some people are just not a good culture fit regardless of generation. Be honest about your company, your expectations, and the potential applicant’s role and both parties should be able to tell if a pairing just won’t work out.

    Stress Development and Career Path

    Contrary to the stereotype that millennials are job hoppers, studies show that the majority of the generation highly value a workplace that gives them a chance for a bigger and brighter future. A Gallup poll found that “93 percent of millennials left their company the last time they changed roles,” but that may have more to do with a lack of opportunities for growth within a company than simple job hopping.

    According to that same Gallup poll, 87 percent of millennials consider “professional or career growth and development opportunities” as a key value for jobs, while only 69 percent of non-millennials said the same. If a millennial finds that he or she is in a position with no viable chance for growth or promotion, that employee is more likely to find that opportunity elsewhere. By investing in employee training programs, mentorship programs, and other development tools, you can show job candidates that you care about their growth. Also, promoting a qualified, motivated employee can lead to lower hiring costs, which makes the situation a win for both parties.

    Consider Work-Life Balance and Other Key Benefits

    The ability to work remotely or have flexible hours is a major consideration for many millennials. At this point, a significant portion of millennials are getting married, having kids, and making life choices that will have major impacts on their future. Other generations have gone through the same process, but Inc. reports that millennials are “almost twice as likely to have a spouse or partner who works at least full time than boomers (78 percent versus 47 percent).” This means that instituting workplace programs or policies that allow for flexibility or telecommuting can be a major selling point for your business.

    Other benefits that are attractive to millennials aren’t all that much different than those for other generations. According to a Capital Group survey, millennials, generation Xers and boomers all share the same top-three benefits: 

    • Health insurance
    • Vacation time
    • Matching 401(k) plan

    Another way that your business can make itself more attractive to millennials is through benefits related to student loans and schooling. Forbes reports that about 80 percent of millennial employees “would like to work for a company that offers student loan repayment assistance,” although only four percent of companies did as of 2016. Because of this, you can make your business stand out in a big way by offering such a sought-after benefit. However, millennials aren’t only considering student loan benefits for themselves. The aforementioned Capital Group survey also found that 34 percent of millennials think that a 529 tax-advantage college savings plan is another important benefit to offer so that their children don’t have to go through crippling student debt in the future.

    Invest in Employee Recruitment

    It’s important for a growing business to find the right employees, but recruiting isn’t easy. A SHRM study found that more than two-thirds of organizations have a difficult time recruiting full-time staff for job openings. This can be caused by not knowing where to look, not having enough applicants, and not having enough time to spend on recruitment efforts. Between creating job ads, background checks, and the interview process, that’s a lot of time and effort that you could spend building your business in other ways.

    As a Professional Employer Organization, GMS provides employee recruitment services that take the burden of recruitment off your shoulders and leaves the process of finding qualified applicants to HR experts. GMS also gives you the opportunity to outsource your employee benefits administration, which can help you build an attractive benefits package without spending the time it takes to manage everything yourself.

    Do you want to save time and attract top talent? Contact GMS today to talk to one of our experts about how GMS can help your business today.

  • When you’re thinking of starting a business, your passion is ultimately what drives you to provide the best product or service. The first thing that comes to your head is not about the technology you need for payroll, or how you are going to recruit top talent. Need an employee handbook? “I’ll type something up real quick.” 

    These are just a few of the many human resource topics you can easily put on the backburner without realizing the full scope of responsibilities you now carry as a business owner. As for the future of HR, it’s only getting more crucial for businesses to stay compliant with laws and stay protected.

    Two small business owners responsible for many HR functions, including payroll and taxes. 

    HR Responsibilities for New Business Owners

    The U.S. Small Business Administration puts the followings tasks under human resources:

    • Recruitment and hiring
    • Payroll and benefits
    • Employee retention and compensation
    • Laws and regulations

    Recruiting can be a difficult and frustrating process. Doing it the right way, the first time, will save you time and money to produce the best results down the line. This can result in hiring committed, talented, and loyal employees that will benefit your company and your bottom line. “Where do I even start,” you may ask. A job description and an employee handbook can get the ball rolling, but you must write both correctly to save yourself in the long run. According to HR Dive, 72 percent of hiring managers say they provide clear job descriptions, while only 36 percent of candidates agree.

    Once you have employees, you must have a system for payroll. Again, you may not know where to start. You know how much you want to pay your employees, but now you must log hours, file taxes, and keep up with your own finances. This is where retention and compensation come into play as well. Keeping up with workers’ compensation, healthcare, 401k, and all other benefits go hand in hand with retention and compensation. According to MetLife, 51 percent of employers say using health and wellness benefits to maintain employee loyalty and retain talent will become even more important in the next three to five years.

    Lastly, staying on top of laws and regulations can be overwhelming because of how often they change. Failing to put these new regulations into place can result in legal issues, which is why it is essential to stay on top of them. Dozens of new laws take effect yearly and as an owner, you are responsible for making sure your company is compliant. 

    Set Your Business up for HR Success

    Preparing for the future of HR can be simple with the right resources. Being able to embrace change, technology and the new workforce is essential. Now what can GMS do for you? GMS is a Professional Employer Organization that puts all of your HR responsibilities under one roof for your company. We have the HR experts who will keep your organization up to date with the latest regulations, making sure you and your workforce are protected. 

    GMS has you covered when it comes to areas like payroll, tax, human resources, risk management, benefits, and healthcare. We help you reduce costs, limit your business risk, and save time and money when it comes to HR administration. Contact GMS to see how we can help manage and benefit your organization!

  • The holidays are typically a time of joy and celebration, but they also require business owners to make some additional considerations about holiday pay. This type of pay makes it possible for employees to stay home for a selection of holidays and still get paid for those days. However, this benefit isn’t always a guarantee depending on the needs of your business. 

    Are you unsure about how to handle holiday pay for your business? We broke down some common holiday pay questions to help you determine how holiday pay can affect your business and the best plan of action for your specific situation.

    A piggy bank with Christmas lights representing holiday pay. 

    Do Businesses Need to Provide Holiday Pay?

    While many businesses offer holiday pay, it is not a legal requirement. According to the Department of Labor, “The Fair Labor Standards Act (FLSA) does not require payment for time not worked, such as vacations or holidays (federal or otherwise).” In essence, a holiday is treated just like any other workday. As such, employers would only pay non-exempt workers for the time they worked (exempt employees would simply receive their normal salary regardless of whether they had the holiday off or not).

    While holiday pay isn’t required, employers may opt to provide it to employees. The terms of the holiday pay is subject to an agreement between the employer and its employees, although you aren’t required to pay a premium rate specifically for holiday pay.

    Do Businesses Need to Provide Time Off for Holidays?

    As with holiday pay, employers are not required by federal law to provide time off on the holidays and may choose to close for certain holidays on their own. Holidays are considered regular workdays, so any employee who works those days is entitled to normal pay as opposed to overtime pay. 

    The one exception in regards to time off for certain holidays is that employers are expected to provide reasonable accommodation for any employees that observe a religious holiday. One way to accommodate this would be to provide floating holidays that allow workers to use their time off for an observed holiday. Other options include allowing employees to take a vacation day or unpaid time off for a specific holiday unless the employer can show that their absence would create undue stress for the business.

    What are the Benefits of Offering Holiday Pay?

    There are a couple reasons why you may decide to provide holiday pay. One reason is to give workers a chance to celebrate various holidays with their family and friends without having to worry about how that time off will affect their paychecks. By offering some of these days off along with holiday pay, you can show your employees some appreciation for their hard work throughout the year.

    Another reason why you’d offer some holidays off with pay is to make your company appear more competitive in the hiring process. While a holiday may be the same as any other day in terms of pay, they can feel a lot more important to your employees. Offering those days off with pay can help make a difference when trying to attract and retain talented people.

    Are All Employees Entitled to Holiday Pay if It’s Offered by the Company?

    If you decide to offer holiday pay, you don’t have to provide it to all your employees. As long as the basis of choosing who gets holiday pay isn’t discriminatory, you can provide the benefit to some employees and not others. For example, you can opt to provide holiday pay to only full-time employees or office workers if you so choose. However, you can’t base your decision on a protected classification such as age or race.

    How Should I Set up a Holiday Pay Policy?

    Since you dictate the specifics of your holiday pay policy, it’s important to include that policy in your employee handbook and communicate it to your employees. This will allow you to clearly list the exact details of your policy if you decide to provide certain holidays off and if you choose to provide holiday pay. The details of this policy should include:

    • A list of dates designated as holidays (whether it follows the list of federal holidays or a modified list)
    • Which employees are eligible for holiday pay
    • The rate for holiday pay or if there are any bonuses attached to working a holiday
    • How a paid holiday works if they fall on a weekend

    What’s the Right Call for My Business?

    Ultimately, the decision of whether you want to provide holiday pay or not is up to you. Some businesses that employ multiple non-exempt employees may not have the funds to provide pay for days off, while others may require people to regularly work on holidays. Each case is different, so it’s best to find an option that makes sense for your business.

    Running a business involves making several important decisions. This responsibility requires a lot of time and effort from any business owner, but you don’t need to handle this load alone. At GMS, our HR experts can help you manage a variety of key business functions ranging from payroll to benefits administration. When you need assistance, we can provide the services and expertise necessary to keep your business prepared for the future.

    Ready to talk to an expert about holiday pay or any other business need? Contact GMS today to talk to us about how we can help your make your business simpler, safer, and stronger.