2. What You Should KnowPayroll Cost “Payroll Cost” means much more than wages paid to employees. It includes; Effective Payroll Cost Management addresses every component of total Payroll Cost.
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4. Payroll Costsare rising fasterthan Inflation, Consumer Price Index or Domestic Gross Product.
5. Failure to manage your payroll costs will make your business unprofitable.Source: www.referenceforbusiness.com
6. What You Should KnowInsurance “In the past ten years, health insurance premiums have increased by 130%”. No other cost of doing business is rising as fast as health insurance. You cannot raise pricesto keep up with increases in the cost of health insurance. Continuous renewal of your existing group health insurance plan could become financially impossible. *Statistically significant increase in both single and family coverage Source: Kaiser/HRET Survey of Employee-Sponsored Health Benefits 1999-2009
7. What You Should KnowInsurance Average Health Insurance Premiums and Worker Contributions for Family Coverage, 1999-2009 $13,375 131% Premium Increase 128% Worker Contribution Increase $5,791 Note: The average worker contribution and the average employer contribution may not add to the average total premium due to rounding. Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 1999-2009.
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9. 2009, your maximum contribution per employee was $6,622.
12. Failure to accurately or timely report and pay payroll taxes invokes penalties and fines and may, in egregious cases, subject the employer to criminal prosecution.
13. Back-dating eligibility of new hires for group health insurance may make the employer liable for the full amount of a claim or possibly disqualify the plan.
14. Failure to notify an employee of eligibility for health insurance may make the employer liable for medical expenses.
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17. What do Clients say? “I want to thank you for your very hard work in getting this transition accomplished so quickly. I am truly impressed! Our HR Manager says yours is the best group she has ever worked with.” Mark Keller, Center for Autism “We needed to upgrade our payroll and benefits service and interviewed several firms. We chose TriCore and are glad we did. The staff did a phenomenal job at meeting accelerated deadlines. We appreciate that their services are well priced for the value. ” Stefan Whitwell, Tierra Capital LLC “It is such a pleasure working with your staff, and I wanted to thank you for their help, professionalism and attention to detail. It has made this transition much easier than we expected. We are so happy we made the change!” Lisa, Gulf Coast Vein & Laser
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19. Employers get detailed labor cost distribution reports showing management costs and labor costs, including part-time, temporary labor and overtime pay.
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22. Enrollment of participants (open enrollment & additions)
25. Reconciliation of employee deductions to benefits and premiums
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27. TriCore offers pay-as-you-go workers’ compensation premium plans with all major insurance carriers. No deposits, no advance premium payments, no year-end audits. Say good-bye to Workers Compensation premium surprises!
35. Communications - Streamline the onboarding of new employees, change an employee’s benefits eligibility, participation, or contribution rates or terminations. Eliminate opportunities for error that exist when employee data must be transmitted to multiple parties.
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37. Simplicity - Our powerful web-based human resources information management system is easy to implement, easy to learn and easy to use.
38. Efficiency - A single source for payroll and employee benefits.
39. Courtesy - Your call will be answered by a dedicated representative.
40. Savings - TriCore will reduce your overall employee costs: GUARANTEED! If proposed cost savings aren’t at least $10,000, we’ll process your payroll for FREE for one year.It’s all about Integration