This document discusses the benefits of using a Professional Employer Organization (PEO) to handle various human resources and payroll responsibilities for businesses. It notes that PEOs can save businesses time and money by taking over benefits administration, payroll processing, compliance with employment laws, and other administrative tasks. This allows business owners to focus on their core operations rather than human resource functions. The document provides statistics on costs associated with benefits and payroll administration and outlines the specific services a PEO can provide, including benefits, payroll processing, compliance support, and other HR services.
The Role of Outsourced Payroll in Cost Savings for Businesses.pptxpaysquare consultancy
Every business or company regardless of size needs to have a payroll system in place. Among other things, it entails managing employee salaries, benefits, and taxes. Payroll management, however, may be a time-consuming and challenging chore for organizations that diverts attention from other crucial business operations. Payroll requirements can cause businesses problems with their cash flow, costs, and compliance. Thus, Outsourcing payroll help in this situation.
Healthcare Reform: A Practical and Strategic Look at the ImpactSikich LLP
These slides cover the information below. You can also view the live recording of this video here:
https://vimeo.com/69172281
- What we know today about healthcare reform
- Healthcare reform's impact on payroll, HR, and benefits
- Notice of Exchanges
- Updated COBRA notice
- Employer mandates
- Wage and hour update
- Areas of focus for 2013 and beyond
The Role of Outsourced Payroll in Cost Savings for Businesses.pptxpaysquare consultancy
Every business or company regardless of size needs to have a payroll system in place. Among other things, it entails managing employee salaries, benefits, and taxes. Payroll management, however, may be a time-consuming and challenging chore for organizations that diverts attention from other crucial business operations. Payroll requirements can cause businesses problems with their cash flow, costs, and compliance. Thus, Outsourcing payroll help in this situation.
Healthcare Reform: A Practical and Strategic Look at the ImpactSikich LLP
These slides cover the information below. You can also view the live recording of this video here:
https://vimeo.com/69172281
- What we know today about healthcare reform
- Healthcare reform's impact on payroll, HR, and benefits
- Notice of Exchanges
- Updated COBRA notice
- Employer mandates
- Wage and hour update
- Areas of focus for 2013 and beyond
Accent Consulting was floated in April, 2002 in Noida, India. Accent Consulting is a global provider of HR & Payroll Software, Leave and Attendance Management Software, Time Sheet Management Software, Payroll Processing & Outsourcing Services.
Locally owned and operated business providing expert service and advice to it's clients in the areas of Human Resources, Payroll, Benefits, Workers, Compensation and More. Outsource your Employees, it just makes good business sense.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
Payroll bureaus need to decide if they are ready or prepared to take on Auto Enrolment business. With many shying away from offering this as an extra service, bureaus will need to determine what kind of information and support they will offer to help their clients comply with these new AE duties.
Employer duties under Auto Enrolment for Payroll Bureaus
Advisors will find that a large portion of their clients will contact them very close to or even after their staging date. By offering a complete end-to-end solution, bureaus can generate income and enhance client relationships.
Agenda
Auto Enrolment Overview
Small Employers - Ripe for the picking
Auto Enrolment a Chargeable service
Review Existing Payroll Systems
How BrightPay handles automatic enrolment
Introducing BrightPay Cloud - Online Back up & Employee Self Service
NEST - Helping make auto enrolment work for you
NEST has been set up by the government especially for auto enrolment to ensure that every employer has access to a workplace pension scheme that meets the requirements of the new pension rules. But we do more than just meet the regulatory minimum.
NEST comes packed with the sort of high-quality features you need, whether you’re saving with us, using us for your workers or helping your employer clients. Over 160,000 employers have already chosen NEST for their auto-enrolment pension scheme. NEST’s objective is to help you start your auto-enrolment pension scheme with NEST quickly and painlessly.
Agenda
How to set up an auto-enrolment pension scheme with NEST
Look at the areas to be careful about using the experience of other employers who have already started their auto-enrolment scheme
For more information visit www.brightpay.co.uk.
Automatic Data Processing (ADP) is one of the world's largest providers of business outsourcing solutions. One of the biggest benefits offered by ADP India is the levels of confidentiality and security for payroll information. Payroll is not just about paying people, but well managed payroll processes reduce costs and mitigates compliance risk. Also ADP will update on any amendments or changes in the salary components and payroll processing by Indian statutory and taxation laws. ADP will ensure that salaries are disbursed to individual employee accounts every month.
Read More at: http://www.adp.in/payroll-outsourcing.aspx
Accent Consulting was floated in April, 2002 in Noida, India. Accent Consulting is a global provider of HR & Payroll Software, Leave and Attendance Management Software, Time Sheet Management Software, Payroll Processing & Outsourcing Services.
Locally owned and operated business providing expert service and advice to it's clients in the areas of Human Resources, Payroll, Benefits, Workers, Compensation and More. Outsource your Employees, it just makes good business sense.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
Payroll bureaus need to decide if they are ready or prepared to take on Auto Enrolment business. With many shying away from offering this as an extra service, bureaus will need to determine what kind of information and support they will offer to help their clients comply with these new AE duties.
Employer duties under Auto Enrolment for Payroll Bureaus
Advisors will find that a large portion of their clients will contact them very close to or even after their staging date. By offering a complete end-to-end solution, bureaus can generate income and enhance client relationships.
Agenda
Auto Enrolment Overview
Small Employers - Ripe for the picking
Auto Enrolment a Chargeable service
Review Existing Payroll Systems
How BrightPay handles automatic enrolment
Introducing BrightPay Cloud - Online Back up & Employee Self Service
NEST - Helping make auto enrolment work for you
NEST has been set up by the government especially for auto enrolment to ensure that every employer has access to a workplace pension scheme that meets the requirements of the new pension rules. But we do more than just meet the regulatory minimum.
NEST comes packed with the sort of high-quality features you need, whether you’re saving with us, using us for your workers or helping your employer clients. Over 160,000 employers have already chosen NEST for their auto-enrolment pension scheme. NEST’s objective is to help you start your auto-enrolment pension scheme with NEST quickly and painlessly.
Agenda
How to set up an auto-enrolment pension scheme with NEST
Look at the areas to be careful about using the experience of other employers who have already started their auto-enrolment scheme
For more information visit www.brightpay.co.uk.
Automatic Data Processing (ADP) is one of the world's largest providers of business outsourcing solutions. One of the biggest benefits offered by ADP India is the levels of confidentiality and security for payroll information. Payroll is not just about paying people, but well managed payroll processes reduce costs and mitigates compliance risk. Also ADP will update on any amendments or changes in the salary components and payroll processing by Indian statutory and taxation laws. ADP will ensure that salaries are disbursed to individual employee accounts every month.
Read More at: http://www.adp.in/payroll-outsourcing.aspx
2. Some Facts To Swallow
What Can PEO Do?
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
Benefits Administration Payroll HR
Money
Time
Paperwork
•Fact #1
The average business
spends 36.6% of gross
payroll on employee
benefits, and another
8.5% on payroll
administration.
-- United States
Chamber of Commerce
statistics
•Fact #2
The average manager
may spend up to 23% of
his/her time on
employee-related
administrative
paperwork.
-- Department of Health
and Human Services
estimates reported in
Small Business Reports
•Fact #3
Employers pay an
average $4.13 per hour
per employee for
benefits.
-- Bureau of Labor
Statistics
Note : Source of data : United States Chamber of Commerce statistics -
Department of Health and Human Services estimates reported in Small
Business Reports - Bureau of Labor Statistics
3. Problem Faced by Employers
• Dedication from Employee
• Attitude for Service Industry
• Dependability
• Commitment to Job
• Overtime on customer crowd
• Motivating Employees
• Experienced & Skilled Staff
• No. of Staffs
4. Problem Faced by Employee
• Lack of Job Satisfaction
• Redundant Scope of Work
• Minimal Opportunity for Advancement
• Long Hours & Limited Off Days
5. The PEO Advantage
What Can PEO Do?
Save Time And Money
Concentrate your money
on the area you know best
– your business.
HR And Government
Compliances
Our core business is
employment; yours
shouldn't be.
Job Benefits
Flexible Working Days
Job Rotation / Exposure
Monthly Basic Salary
Experience Diff Industry
Centralized HR
With PEO, all of
your HR needs are in
one place; in the
hands of exceptional
and professional Staff
•Value Added
For most companies,
payroll and human
resources are non-
productive functions that
consume valuable
resources that could be
better used to increase
your bottom-line.
•HR Advantage
Focus on your core
competency, and let us
focus on ours: your
employees.
•Job Benefit to
Employee
Employee are able to
work on more flexible
time and days. They are
able to experience diff
Industry.
•Focus
Refocus members of
your staff to productive
tasks such as sales,
collections or
purchasing.
6. • Provide employer with consistent staff
• Cut of problems of absenteeism
• Provide Skilled and Experienced Workers
• Handle all monthly salary payment and relevant contribution
• Reduce dependency on Foreign labor and initial processing payments
• Housing and yearly levy cost saved
• Allows employers to promote and employ good local workforce
• Allows workers flexible days and working hours
• Workers are taken care of Monthly pay, EPF and Sosco.
• Provide additional benefits in terms of insurance coverage that might
not be provided by current employer.
• Contribute to Income Tax for eligible workers to the govt.
• Handles termination of employees better as company will absorb and
replace worker to new establishment.
• Workers get greater exposure as company is able to place then in
different industry and promote enthusiastic workers.
Service
Satisfaction
Professionalism
How Can PEO Solve the Problems
7. Further Benefits to Employer and Industry
• Controls costs
• Manages claims such as workers' comp, disability,
and unemployment insurance
• Saves time and paperwork hassles
• Reduces your turnover and attracts better employees
for your company
• Able to provide better benefit packages
• Able to provide professional human resource services
such as employee handbooks, forms, policies and
procedures
• Reduces accounting costs saving time and money
Service
Satisfaction
Professionalism
8. Benefits to Employer in Regulation Compliance
• Consolidates several small companies' tax filings into
one
• Provides more professional preparation and reporting
• Reduces time for collection of taxes
• Extends better medical benefits to more employees
• Facilitates communication of governmental
requirements
• Communicates changes in regulations to the
businesses
• Allows government agencies to reach businesses
through us
Service
Satisfaction
Professionalism
9. PEO IMPLEMENTATION PROCESS
• Motivation and Mind Set Change
• Attitude and Mental Preparation for Service Industry
• Payroll that is on-time and accurate
• Software system to monitor Human Resource
Management
• Professional orientation and employee handbook
• Personal Development & Preparation to Enter Job
Market
• Training on Service and Etiquette for Service Industry
• Register and Create Database of Eligible Workers
Pre Implementation
They
Deserve
It
10. Human Resource Management
• Resource gathering stage
Person A Company
Employee
Non
employee
Person A is profiled
through interview,
details are then
entered into company
database and onto a
standard CV with
evidence of
education,
employment history
and reference.
Information is
provided individual
or database
• Becomes a full time / part time resource
• Signs a employment contact with
Company (6 -12mnts)
• Company is responsible for any training
required
• Company is responsible to seek work
placement
• Becomes an ad hoc resources*
• Or a fee can be charged for placing the
resource in full time employment **
* An ad hoc resource can be a person who is already in full time employment or someone
who would like to gain work experience (ie. students) or someone who wants to only
work the odd times
** Is when Company X acts as a recruitment portal
11. Resource management stage
Employee
Company
The information on timesheet
will then be entered into
payroll process.
Non
Employee
A record of timesheet is very
important as this acts as
evidence that the resources
actually was present at work.
The timesheet must be signed
by a manager. This timesheet
will then be used as evidence
to invoice client for payment.
Timesheet
•A standard timesheet format must be created.
•A set day of when timesheet must be handed in and when salary
will be paid
Agreement with client
company
No employee of Company
can be offered a job or given
employment without prior
approval from Company.
Signs Agreement to Pay for
Services Used and other
relevant Terms & Conditions.
12. • Payroll processing
• Payroll management
• Pay all applicable taxes and contribution e. EPF, Sosco,
income tax, etc.) to the appropriate govt agencies
• Production and distribution of year-end Tax Returns
• A variety of automated real time and attendance systems
• Processing and payment of overtime & allowances
• Quarterly employee reports
• Interaction with client's accountants for quarterly and year-
end reporting
Payroll Administration
Operational Procedures
Payroll and payroll tax obligations are at the core of our services.
We provide a full-service solution that encompasses all payroll
functions and allows our client's employees to focus on
productive functions which add to the bottom line.
• EPF, Sosco and
Income Tax
Submission
• Employee Loans
Deductions
Garnishments
• Payroll Change
Status Time-sheets
• New Hire Reporting
13. • Benefits Administration
• Job Descriptions Exempt
& Non-Exempt
• Questions & Answers
Specific to Client
Employee Administration
Business Operations
• Incident/ Accident
Procedures
• Benefits Instructions and
Enrollments
• Sick and Vacation Time
Management Procedures
We are committed to a high level of customer service and
satisfaction. Professionalism and accuracy are of
paramount importance.
Time
Is
Money
14. Business Support Services
Unbeatable Service : Support
StaffPro
WebAccess
Account
Manager
Telephone
And
Email
Support
StaffPro
The Live
Connection
Between
PEO And You
Live Help &
Live Support
One-On-One
Communication
Answers Now
Not Later
Employees Call
Us Not You
16. Changing Business Model
This Is You Now
Supervision Payroll
Employer
Taxes
Insurance / Benefits
Human
Resources
Pay Negotiation Compute Pay EPF
Workers' Compensation
Insurance
New Hire Processing
Management
Reports
Payroll Checks Sosco
Risk Management
Programs
Staff Training
HR Compliance
Issues
Compute Federal and
Local Taxes
HRDF OSHA Compliance
Legal Hiring
Compliance
Departmental
Costs
Reconcile Accounts Income Tax
Provider and Carrier
Selection
Unemployment
Claims Mgmt
Recruiting Compute Medicare Pension Claims Management Discharge Notices
Turnover
Tax Lien and
Garnishments
Insurance WC / Payroll Audits
Wage and Hour
Compliance
New Hire
Screening
Track the following: - Safety Program Manuals Hiring and Firing
Employee
Evaluations
Vacations - Group Health Insurance -
Termination Sick Pay - Life and Dental Insurance -
Warning Notices Benefits Eligibility Dates - Flexible Spending Accounts -
- Probationary Periods - Enrollment / Termination -
- Child Support Payments - - -
- - - - -
This Is Your
Burden
Before
Using PEO
17. New Business Model
This Is What StaffPro Can Do For You
Supervision Payroll
Employer
Taxes
Insurance / Benefits
Human
Resources
Pay Negotiation Report Hours - - Hiring and Firing
Warning Notices - - - Staff Training
Can You Think Of What To Do
With Your Extra Time?
How About
Build Your Business
This Is Your
Burden After
using PEO