Here are four ways HR Services companies keep employers in compliance with federal and state laws:
Research shows that tax laws and reporting requirements take employers dozens of hours to process every year. When tax payments and procedures are handled efficiently, the business runs more smoothly and allows business owners more time to focus on customers and growth. Here are just some of the tax payments handled by an HR services company:
Employers are responsible for ensuring their employees have a safe and discrimination-free workplace. Failure to do so could result in hefty punitive and compensatory damages paid to employees. The experts at HR services companies have in depth knowledge of Equal Employment Opportunity Commission (EEOC) laws that regulate discrimination and harassment, and help employers manage specific cases and training. Some of the laws employers should be familiar with are:
Wage and hour laws are some of the very toughest to keep up with. They change constantly, and employers have to meticulously monitor hours worked and rates of pay in order to abide by them. If an employer underpays or pays an employee late, the result can come with some major fines. HR services companies provide HR support with teams of experts who consult employers on employment regulations like the following:
Even though the ACA may be changing soon, employers still dedicate significant amounts of time and energy to maintain compliance with the current version of the law. Small business owners feel the brunt of the effects with the increased information they have to collect and benefits they have to provide. Partnering with an HR services company can relieve the burden of the ACA because many offer benefits and administer plans.
Here are some key areas to watch for when it comes to the Affordable Care Act:
When it comes to the ACA, HR professionals consult with employers regarding their options as a business owner, and explain how to avoid the tax penalties. They can also delve into how a MEC plan can benefit business owners, and show how offering health coverage helps attract and retain talented employees.
One outsourcing solution to compliance challenges that small and mid-size businesses are increasingly considering is a professional employer organization (PEO). PEO solutions include all of the following:
FrankCrum, a PEO headquartered in Clearwater, Florida, has saved businesses of all sizes thousands of dollars by providing a results-oriented HR consulting service. The team of HR professionals helps clients put together a handbook, draft policies, and maintain legal compliance. FrankCrum’s “FrankAdvice” team provides:
To learn more about the HR administration services provided by FrankCrum, call 1-800-277-1620.