The 6 Most Surprising Benefits of Flexible Spending Accounts
Do you understand the real benefits of flexible spending accounts? It’s surprising how many enrollees don’t understand the benefits of flexible spending accounts, even when they’re meeting the maximum investment each year. FSAs use pre-tax dollars to cover dependent care and medical expenses, providing you with 30 – 40 percent savings in the process. However, […]
The Importance of Employee Benefits
Do you realize the importance of employee benefits on your workforce and profits? Because happiness at work has such a significant impact on overall quality of life, employers shouldn’t discount the importance of employee benefits. Happy employees mean a lower turnover rate, which in turn make a positive impact on your budget, talent sourcing, productivity […]
Why ACA Compliance Could Make or Break a Small Business
What options do you have for ACA compliance? The Affordable Care Act, also known as the ACA, has small and medium-sized business owners worried. Under the new law, companies with 50 or more full-time-eligible employees need to cough up adequate healthcare coverage or pay the price. Unfortunately, for certain businesses, the extra expense could put […]
The Relationship between Employee Self Service and Employer Statutory Compliance
Why is self-service in HR insignificant compared to employer statutory compliance? Business owners who are afraid to implement employee self-service portals for payroll and benefits are often afraid of employer statutory compliance violations. These unfounded worries are preventing huge savings from being realized and prevent businesses from improving workplace morale. Put fears aside and look […]
Breaking Down the Basics of Employee Leasing
How did I go without employee leasing for so long? No, employee leasing is not a new name for slave labor. You aren’t outsourcing work to under-qualified candidates either. When you lease an employee, you work with dedicated professionals who have excellent reputations. You save so many ways, however, it almost seems too good to […]
Why a Professional Employer Organization is the Only Way to Manage Your Section 125 Plans
Secure the highest returns with help from a Professional Employer Organization. If you’re thinking of bringing a new addition to your benefits program, consider getting the help of a Professional Employer Organization, or PEO. These firms make outsourcing to qualified talent easy. If there’s one thing you want when dealing with Section 125 plans and […]
A Benefits Administration Company Can Free Up Your Time to Run Your Business
Tired of feeling like you’re always juggling? Hiring benefits administration company may be the best first task to outsource. Unless you’re an expert in benefits administration, it may be in your best interest to outsource this work to a specialized team. The risks involved in handling this accounting the wrong way can bury your business. […]
Why Benefits Administration is the Best Thing Since Sliced Bread
How to Get the Best from Benefits Administration Hiring someone to handle your benefits administration can be a common sense decision. Sharing those trusted resources with your own clients and business partners can be a no-brainer too. The easier you make their lives, the more they’ll value you. Establish great practices while you impress new […]
3 Ways Benefits Administration Can Change the Way You Feel About Flexible Spending Accounts
Establishing a flexible spending account with your benefits administration could save you money in the long run. Flexible spending accounts are an important part of many benefits administrations. This aspect of the benefits program makes it possible to fund health care expenses that aren’t covered in health plans using pretax dollars. Essentially, it’s a discount […]
Sick And Tired Of Handling Workers’ Compensation The Old Way? Read This
Hire a Reputable PEO to Handle Your Worker’s Compensation Insurance Traditionally, workers’ compensation payments start with a down payment and monthly or quarterly payments, and all of it is based on an estimate of your company’s yearly payroll. That means that a year-end audit is necessary to find out if you paid more or less […]