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Why Outsource HR?

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  • Very good! Even the slides that had lots of words
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  • Good stuff here. I will use it for sure! Thanks
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  • Small business owners, consider outsourcing your HR and focus on what you do best.
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  • 1. ? By Dave Lewan President/CEO Centric Consulting Group www.centricconsultinggroup.com www.thinkinghr.blogspot.com www.azsmallbiz.blogspot.com
  • 2. ? Why Outsource HR
  • 3. $276,711
  • 4. The median jury award for employment cases In 2005.
  • 5. $95,000
  • 6. The average attorneys’ fees for cases that settle before trial.
  • 7. $250,000+
  • 8. The tab for cases that do make it to trial.
  • 9. 8,650
  • 10. The number of harassment and intimidation cases against small companies filed with the EEOC in 2006
  • 11. Salaried employees don’t get overtime pay…Right ?
  • 12. 246,000
  • 13. employees were paid back wages in 2006…
  • 14. $172,000,000
  • 15. The amount the Labor Department collected in back wages in that same year.
  • 16. $7,900,000
  • 17. in penalties, were levied on employers.
  • 18. Case study: Software Company: 120 employees
  • 19. 18
  • 20. employees were classified incorrectly
  • 21. $24,000
  • 22. in back pay, was shelled out
  • 23. $7,000
  • 24. was paid to a consultant to provide data to the Labor Department
  • 25. $25,000
  • 26. in attorneys’ fees.
  • 27. 2 years later…
  • 28. it happened again…
  • 29. $6,000
  • 30. in overtime was paid
  • 31. $1,100
  • 32. The fine the company received for not paying overtime fast enough.
  • 33. ? Need more reasons
  • 34. TEFRA COBRA ADA DDA FLSA 125 OSHA HIPAA DEFCOMP FTE HRIS HRIS EAP EFT EIC 457 403(b) ESOP SEP FIT SIT FICA SUI FUTA DOL EPLI HCM SIC EEOC FMLA LTD QDRO NQDC NQPS SDI OT OASI HRO PEO POP PTO QJSA SUTA TPA TSA UCM UL WT
  • 35. Think about it…
  • 36. For more information visit: or www.thinkinghr.blogspot.com www.centricconsultinggroup.com Sources: BusinessWeek, SmallBiz April/May 2007 Small Business Administration - www.sba.gov Centric