Human Capital Management

 20 Costly Employee Benefits & HR Mistakes

 20 Costly Employee Benefits & HR Mistakes

Mistakes in employee benefits and human resources can be quite costly to employers—in the form of extra benefits, complaints, lawsuits, government-assessed fines and penalties, and attorney fees, to name a few. Don’t learn the hard way what these mistakes are.   Not timely depositing employee contributions into qualified retirement plans. sometimes wait too long to deposit salary deferrals into a qualified retirement plan. According to the Department of Labor (DOL), such deposits should be made as soon as the contributions can be…

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The Professional Employer Organization – The Good, Bad and The Alternative
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The Professional Employer Organization – The Good, Bad and The Alternative

Sometimes companies have trouble meeting their human resources needs, especially while also trying to increase profits. To assist in this area, many companies hire professional employer organizations (PEOs). If you hire a PEO, your employees are no longer fall under your tax ID number; they assumed to be employees to the PEO. You will also delegate  HR responsibilities to the PEO. Though the company officially hires its employees, the PEO handles payroll, benefits administration, workers' compensation, medical insurance, and retirement accounts. Then,…

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States Update Employee Leave Requirements for Corona virus
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States Update Employee Leave Requirements for Corona virus

In response to the coronavirus (COVID-19) pandemic, states have passed new laws and issued new regulations and guidance about employee leave taken for COVID-19 reasons. These provisions are in addition to the federal Emergency Paid Sick Leave and Emergency Family and Medical Leave Expansion requirements passed on March 18 as part of the Families First Coronavirus Response Act (FFCRA). In general, employee leave permitted under new state COVID-19 rules and guidance varies with respect to factors like the employers and employees covered…

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Ordinance 31181 – Dallas Businesses Must Provide Employees Paid Sick Pay

Ordinance 31181 – Dallas Businesses Must Provide Employees Paid Sick Pay

The city of Dallas has passed ordinance 31181 on April 24th, 2019 to improve the health, safety, and welfare of employees who work and reside in the city of Dallas. This additional ordinance focuses on “Earned Paid Sick Time” which requires local employers to establish and implement a written paid sick time policy within their employee handbooks.  This added requirement allows employees to take leave for work to take care of themselves or a “close family member”. Furthermore, employees have more flexibility…

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Payroll Outsourcing Costs Businesses Money: 9 Risk Factors to Consider

Payroll Outsourcing Costs Businesses Money: 9 Risk Factors to Consider

  I have heard the phrase “price is not everything” many times in my life. I've been told that being cheap often sometimes will “get you what you paid for.” The most profound piece of advice that I received about spending money came from an old man in passing. I was debating if I should save a few dollars and buy some fast food from a drive-through dollar menu or visit a small-town gourmet burger restaurant. The man said to me, “If…

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