PEO companies bill for their services in many different ways, which can be confusing and difficult for even the most seasoned broker to understand. The Guide to Understanding PEO Billing Reports provides a breakdown of both bundled and unbundled PEO bills, including how they’re organized and how the items on the invoices should be calculated.
In this eGuide, you will learn how to:
- Break down your clients' PEO reports effectively
- Find the “hidden fees” in bundled billing
- Save your clients by saving them money
Underpayment of wages is not a new phenomenon. However, the recent proliferation of what is being called
wage theft is occurring across a range of occupations, labour market segments and
business models.
Employers who underpay workers could be forced to name and shame themselves with public signs admitting their wage theft as part of industrial relations reforms Attorney-General Christian Porter is considering.
Businesses which fail to prevent wage underpayment could also be banned from hiring migrant workers for a period of time, and company directors disqualified from holding office.
As an employer, there are many questions you need to answer in order to satisfy these complicated Affordable Care Act provisions.
Paychex can help. Visit http://bit./ly/payx-esr for more information.
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title was Senior Internal Auditor.
PEO companies bill for their services in many different ways, which can be confusing and difficult for even the most seasoned broker to understand. The Guide to Understanding PEO Billing Reports provides a breakdown of both bundled and unbundled PEO bills, including how they’re organized and how the items on the invoices should be calculated.
In this eGuide, you will learn how to:
- Break down your clients' PEO reports effectively
- Find the “hidden fees” in bundled billing
- Save your clients by saving them money
Underpayment of wages is not a new phenomenon. However, the recent proliferation of what is being called
wage theft is occurring across a range of occupations, labour market segments and
business models.
Employers who underpay workers could be forced to name and shame themselves with public signs admitting their wage theft as part of industrial relations reforms Attorney-General Christian Porter is considering.
Businesses which fail to prevent wage underpayment could also be banned from hiring migrant workers for a period of time, and company directors disqualified from holding office.
As an employer, there are many questions you need to answer in order to satisfy these complicated Affordable Care Act provisions.
Paychex can help. Visit http://bit./ly/payx-esr for more information.
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title was Senior Internal Auditor.
HKP is your comprehensive workforce solution offering a menu of solutions from one provider. HKP’s total human capital management solution, iSolved, has all of your HR and benefits management needs covered. For More Details Visit: https://www.hkpayroll.com/
Global Compliance Across the ADP PortfolioADP, LLC
To be able to provide compliant HCM services and solutions to our clients, ADP must have an effective compliance program built on sound foundations and standards. The quality of our internal compliance controls directly affects the value of the services we deliver for our clients, as well as the engagement of our own associates. Read on to learn more about how we manage compliance across the HCM products, services and solutions we deliver to our multinational clients.
Mandatory Employee Leave: An In-Depth Analysis of State and Local LawsComplyRight, Inc.
Did you know that numerous states and cities have passed laws granting leave for workers to address certain health and family-related issues? And that many local governments mandate paid time off for being sick? Requiring employers to provide time off for employees is a growing trend, and it shows no signs of slowing down.
Mainly due to inaction at the federal level, many states and local governments have stepped up to grant employees time off in specific circumstances. These laws vary greatly from how much leave is allowed, how the time off is accrued, when employees can begin to use leave, and if the time can be carried over from year to year.
White Paper: Complying With Regulations Regarding Temporary Workersss
The use of temporary workers is growing in the United States, now representing 22% of the total workforce. Temporary workers are referred to as freelancers, non-employees, indirect workers, agency contractors, consultants, interns, independent contractors, and many other terms.
SterlingRisk & ECI Present: Compliance With the ACA 6055 & 6056 Reportingntoscano50
June 25, 2015
Hosted by SterlingRisk and Presented by Jennifer Reed from ECI
During the presentation, Jennifer Reed from ECI will cover the logistics of these requirements. This presentation is unique, because Jennifer has a core benefits and HR Technology consulting background, and as a result she will be focusing on the logistics of the ACA reporting.
Some of you may have seen a webinar or seminar that covers the law, but not many have had the chance to hear someone speak about the details regarding how the reporting will actually happen. Jennifer also has experience presenting nationally on this topic.
Myhrsoft is an HR services based company which provides Payroll outsourcing Solutions and it is a leading in providing solutions across the HR solutions.
Professional Employer Organizations: Keeping Turnover Low and Survival HighG&A Partners
In the 2013 report, “Professional Employer Organizations: Fueling Small Business Growth,” a comprehensive analysis of existing economic data showed that small businesses in PEO arrangements have higher growth rates than other small
businesses, and small business executives who use PEOs are better able to focus their attention on the core business. In further exploring the impact of PEOs and their potential to help small businesses better meet the challenges of today’s
demanding economic conditions, this follow-up study examines employee turnover and business survival rates for businesses using PEOs and compares them to national data available from the U.S. Bureau of Labor Statistics (BLS). Applying a variety of different data specifications, we consistently found that PEO clients have lower employee turnover rates and lower rates of business failure than comparable national averages, after controlling for factors such as industry, size, and state of location.
HKP is your comprehensive workforce solution offering a menu of solutions from one provider. HKP’s total human capital management solution, iSolved, has all of your HR and benefits management needs covered. For More Details Visit: https://www.hkpayroll.com/
Global Compliance Across the ADP PortfolioADP, LLC
To be able to provide compliant HCM services and solutions to our clients, ADP must have an effective compliance program built on sound foundations and standards. The quality of our internal compliance controls directly affects the value of the services we deliver for our clients, as well as the engagement of our own associates. Read on to learn more about how we manage compliance across the HCM products, services and solutions we deliver to our multinational clients.
Mandatory Employee Leave: An In-Depth Analysis of State and Local LawsComplyRight, Inc.
Did you know that numerous states and cities have passed laws granting leave for workers to address certain health and family-related issues? And that many local governments mandate paid time off for being sick? Requiring employers to provide time off for employees is a growing trend, and it shows no signs of slowing down.
Mainly due to inaction at the federal level, many states and local governments have stepped up to grant employees time off in specific circumstances. These laws vary greatly from how much leave is allowed, how the time off is accrued, when employees can begin to use leave, and if the time can be carried over from year to year.
White Paper: Complying With Regulations Regarding Temporary Workersss
The use of temporary workers is growing in the United States, now representing 22% of the total workforce. Temporary workers are referred to as freelancers, non-employees, indirect workers, agency contractors, consultants, interns, independent contractors, and many other terms.
SterlingRisk & ECI Present: Compliance With the ACA 6055 & 6056 Reportingntoscano50
June 25, 2015
Hosted by SterlingRisk and Presented by Jennifer Reed from ECI
During the presentation, Jennifer Reed from ECI will cover the logistics of these requirements. This presentation is unique, because Jennifer has a core benefits and HR Technology consulting background, and as a result she will be focusing on the logistics of the ACA reporting.
Some of you may have seen a webinar or seminar that covers the law, but not many have had the chance to hear someone speak about the details regarding how the reporting will actually happen. Jennifer also has experience presenting nationally on this topic.
Myhrsoft is an HR services based company which provides Payroll outsourcing Solutions and it is a leading in providing solutions across the HR solutions.
Professional Employer Organizations: Keeping Turnover Low and Survival HighG&A Partners
In the 2013 report, “Professional Employer Organizations: Fueling Small Business Growth,” a comprehensive analysis of existing economic data showed that small businesses in PEO arrangements have higher growth rates than other small
businesses, and small business executives who use PEOs are better able to focus their attention on the core business. In further exploring the impact of PEOs and their potential to help small businesses better meet the challenges of today’s
demanding economic conditions, this follow-up study examines employee turnover and business survival rates for businesses using PEOs and compares them to national data available from the U.S. Bureau of Labor Statistics (BLS). Applying a variety of different data specifications, we consistently found that PEO clients have lower employee turnover rates and lower rates of business failure than comparable national averages, after controlling for factors such as industry, size, and state of location.
Should You Use a Professional Employer Organization? Top Factors to ConsiderInsideUp
When executives were asked, “What do you think will be the biggest investment challenge facing organizations over the next ten years?” For 47% of respondents, the answer was, “Obtaining human capital and optimizing human capital
investments.” Learn how a PEO can help you build a stronger company, and how to choose a good fit for your business
Sample side-by-side, fully broken out cost comparison of an existing client with a major PEO versus other competitive offers. This is one page of a 36 page report that outlines the level of detail you can expect when working with Onward Advisors.
Top Ten Reasons Employees Sue Their EmployerPraxiom
Every potential job applicant, employee who enters your workplace, and every former employee who leaves it, represents a potential plaintiff in a lawsuit against your company. This is increasingly true in these difficult economic times. An employee may believe he or she has been discriminated against, harassed, or subjected to retaliation. The employee may just be looking for money - or payback. If your company finds itself in a lawsuit tomorrow, will it be ready to defend its business decisions? In this seminar, Mr. Ussery will discuss the most common factors that motivate employees to sue their employers. More importantly, he will discuss the steps your company can take to defend against liability, if not avoid the lawsuit all together.
Solving Payroll Problems With The New Employee Management System- Business.c...Business.com
For a more robust employee management system through your payroll services providers, you may choose to add benefits management, 401(k) management, or other enhancements to the basic payroll processing service. Here are some common HR obstacles and ways in which payroll services can mitigate these challenges.
One of the fastest ways to derail employee engagement and satisfaction is to make a mistake with payroll. Late salary payments, inaccurate holiday pay and miscalculated benefits can undermine morale and reduce
productivity.
So why do so many business leaders still regard payroll as a routine administrative procedure that is a cost centre? A typical company spends between 50 and 80 percent of its expenditure on payroll, and the costs of
preparing and administering these payments are significant. Despite this, a recent survey found that less
than half of businesses measure the efficiency of their payroll function, and three quarters said that they had no plans to investigate implementing a payroll strategy to reduce costs and add value to their business during the downturn.
In the UK today, relatively few organisations see payroll as a strategic function, with half of companies handing over full responsibility for payroll to the finance function, with one in five opting to outsource the function completely.
It is about time that the payroll department is recognised as having a vital role to play in helping businesses to survive and thrive in a tough economic climate.
Contact us on 01582 714 810 to find out more about the payroll technology available to help your payroll department become the value driver of the organisation.
CIS 321 Case Study ‘Employee Benefits System (EBS)’EBS Case In.docxsleeperharwell
CIS 321 Case Study ‘Employee Benefits System (EBS)’
EBS Case Introduction
In this section you will learn the background information that will prepare you to understand and complete each of the milestones of this case study. This information includes a history of the business, a description of the business’s current facilities, and the descriptions of the problems that triggered the project.
General Company Information
PRIVATEThe Conover Insurance Company, Inc. serves nearly 10 million customers nationwide, offering a variety of products and financial services, such as pension funds, annuities, automobile insurance, homeowner insurance, and life insurance products. More than 800 companies entrust Conover Insurance Company to manage their life insurance and other financial funds. Conover Insurance Company employs more than 4,100 people and reported 2002 revenue of more than $40 million.
The Human Resources Department has become top priority in improvements for the coming year. The project’s objective was to significantly decrease processing time and increase the functionality in our current employee information benefits and services. In order to meet the new technology improvement addressing our current Human Resource processing, other departments, systems and/or business will be impacted, from with our company and outside of our company.
Note: See the organization charts at the end of this document for more details.
Case Background
Information Systems (IS) headquartered in Orlando, Florida, employs approximately 4,100 employees throughout the United States. IS provides leading edge technologies, distributed computing, mainframe, micro, communication, and consulting services to its parent company Corporation, headquartered in Bethesda, Maryland, as well as to external customers including the U.S. government. In addition, IS is responsible for the development and support of all the internal systems that support their day-to-day business processes and operations.
IS currently operates in five sites across the nation and they are as follows:
Sunnyvale
CA
Orlando
FL
Denver
CO
Marietta
GA
Valley Forge
PA
Sunnyvale, CA -
725 employees
Denver, CO -
770 employees
Valley Forge, PA -
1,056 employees
Marietta, GA -
171 employees
Orlando, FL -
1,475 employees
Each site is responsible for servicing and supporting the customers in its region as well as its internal employees. IS has experienced a 15 percent increase in employees over the past two years, and long-range projections show that trend continuing for the next three years.
Organization Structure
The Conover Insurance Company contains the following departments on the organization chart below. Each department is structured based on the five site discussed in the Case Background section.
Conover Insurance Company (CIC)
CIC
Life Insurance
Human Resources
Sales & Marketing
Auto & Home
Insurance
Information
Systems
Payroll
Health Care
Services
Corporate
Management
New Product
Researc.
In most business, administrative and back-office activities such as payroll are non-core function.
A non-core function is one of that is not a profit center. A non core function may be essential, but doesn't differentiate your business strategically from competitors.
Business consultants have long advocated outsourcing non core value functions.
This is a brief and simple Power Point Show that reflects what Global Employment Solutions PEO division brings to the table in our efforts to help small to medium size business\' increase their focus and of course generate Profitable revenue.
What is the Real Cost of Non-Compliance?ConvergePoint
Organizations that do not put enough of an emphasis on the employee education and training for compliance will likely experience these pitfalls. Here we will demonstrate the loaded implications for the three most crippling effects of absent employee compliance education.
Complete Guide to Payroll Management in 2024 | ShrmproShrmpro
By implementing a payroll management system, you can easily overcome your challenges of inefficient payroll processing and focus on making your organization's vision and mission a reality.
So, if you are looking for a cloud-based HR software that can simplify workforce processes and provide solutions to all your HR problems, SHRMpro is the one-stop location for you.
With a user-friendly interface, we have automated tasks like Payroll Management, Application Tracking, Employee Data Management, Attendance Management, Training Sessions, etc., catering to all HRMS problems, to all our clients across the globe.
To know more about our Payroll Management System and how we can solve your Payroll processing challenges in your HR, book a demo of our HR software today!
How Cost effective payroll software that are designed to help you better mana...Jose thomas
Choose Payroll management software Oman that meets your company's demands, you're making a decision that will improve operational efficiency, employee satisfaction, and overall success. As technology continues to transform the corporate landscape, adopting low-cost payroll software is a step toward a more streamlined, structured firm.
This powerpoint is used to support the webinar Perils of Provider Agreements. It gives our audience a good overview of the essential items that should be contained in every provider agreement.
1. ADMINISTRATIVE COST CALCULATOR
A survey performed by the Society of Human Resource Managers (SHRM) and the Bureau of National Affairs (BNA)* concluded that businesses with less than 250
employees will spend on an average of $1,602 per employee per year on wages and/or fees on 55 key HR activities. It was also evident from the survey that the
smaller the company, the higher the cost of HR administration per employee per year. *SHRM-BNA No. 67 July 1, 2002
In a second study conducted by the US Chamber of Commerce, US Department of Labor and the Small Business Administration (SBA) the following
data was compiled:
Number of Employees 1-9 10-24 25-49 50+
Administrative Costs 8-12% 4-8% 3-6% 2-5%
Below is a calculator to aid you with determining your company’s administrative costs. Please take the following costs into consideration when going through this
exercise:
Time spent by employees conducting these activities multiplied by their rate of pay
Time spent by the owner/manager conducting these activities multiplied by their rate of pay
Fees associated with Payroll Service, Workers’ Comp provider, Legal Advisor, Accountant, Financial Advisor etc…
Fees associated with 401(k) Administration, Benefits Administration, 125 Administration and COBRA Administration
Not a single item listed below represents a contribution to your bottom line. You could be spending your time more efficiently on things that will grow your business
and make a profit.
PAYROLL PREPARATION
Cost of time spent to write, sign and post checks
Cost of paychecks
Time spent maintaining vacation and sick time
Time spent answering payroll related employee questions
Cost to prepare tax deposits, 941’s, 940’s, W-2’s (Avg. 1-4%) _______%
Payroll banking costs and/or payroll services percentage of payroll
ADMINISTRATION EXPENSES
Deposits for Workers’ Compensation Policy
W/C Claims handling
Time and money spent on employee handbooks
Time and money spent on safety manual
Employee file maintenance
Healthcare enrollments
Insurance Renewals
Plan maintenance
COBRA Administration
Group health claim forms and questions
Unemployment compensation disputes (Avg. 2-6%) ________%
EXECUTIVE EXPENSES
Cost of time to negotiate W/C Program
Cost of time to shop your group health program
Employee personnel management
W/C injury history reports
American with Disabilities Act Compliance
Sexual Harassment Policy
OSHA Reports and Compliance
IRS Compliance and Documentation (Avg. 3-7%) _______%
Wage & Hour Compliance/Documentation
RETIREMENT/PENSION PLANS/401K
Cost of plan documentation/annual qualification (Avg. 2-4%) _______%
Cost of administration/governmental regulations
CURRENT TOTAL ESTIMATED COSTS ____________%
Praxiom Risk Management, LLC www.praxiom-rm.com
