For many startup companies, doing things unconventionally often leads to great successes. However, not following the rules of compliance can be costly, racking up serious expenses for startups. We’ve compiled four of the biggest HR and Payroll mistakes frequently made by startups to help other new businesses from making the same mistakes.
How PEOs Create Value for Small Businesses
A Professional Employer Organization (PEO) is the key to many small businesses’ successes. Managing operations such as payroll, worker’s compensation, HR administration, and retirement benefits, PEOs give smaller business owners more time to focus on vital company goals while benefiting from high growth rates and better employee retention. Here are some additional ways PEOs help create value for small businesses.
What We Wish Our PEO Clients Knew
We’ve been in the PEO business for twenty years. In that time, we’ve learned quite a bit about adding value to our clients’ businesses. Even though we’ve developed a top PEO service, there are still things our clients don’t know about us. We asked our staff–the folks who are on the front lines working closely with our customers every day–to …
Ready, set, STOP…FLSA blocked by federal court
On Tuesday, November 22, 216, a federal judge in Texas granted a preliminary injunction against the FLSA overtime rule. This preliminary injunction will prevent the FLSA rule from going into effect on December 1st which may give many employers a sigh of relief! Many professionals in the employment arena did not think that this would happen which makes this an …
Eleven Things Every HR Person Should Know About Their Company
Though the HR demands in your company are challenging enough to keep up with, understanding the general health of the company will give you a bigger perspective that can be valuable when doing your job. Here are the things that every HR person should know about their company.
Colorado PEOs and The Four Areas of HR They Handle
A Colorado Professional Employer Organization (PEO) helps small business owners with the administration of payroll, benefits, human resources and workers’ compensation. These are the employee-related tasks that most small business owners did not get into business to perform, but the success of their enterprise depends on the competent administration of them.
Social Security Check-Ups
Open enrollment for employee benefits such as health, life, and disability insurance is right around the corner. This is the time to encourage your valued employees to review their individual Social Security statements, so they know where they stand for future benefits.
What To Expect From A Colorado PEO
Many companies in Colorado opt to hire a Professional Employer Organization (PEOs) for a variety of reasons. A PEO operates under a co-employment agreement with businesses. The business continues to maintain control over its employees but the PEO shares in the risks and liabilities. What services should a business expect from their PEO?
Creative Ways to Recognize Awesome Employees
Companies with strategies to recognize their employees will increase company morale, create stronger working relationships, and lower turnover rates. Implementing employee recognition programs will also likely increase productivity and help to achieve business goals.
Millennials Will Propel Your Business
According to the Bureau of Labor Statistics, “Millennials were the largest generation in the workforce in 2015.” The training and management of people aged nineteen to thirty-five has been a hot-button in recent years, but even though they are a generation that has been widely studied, they have also been largely misunderstood. Their sheer numbers in the workplace dictate that …