1. Outsourcing HR Compliance, Benefits and Other Stuff That Takes Up Too Much of Your Time (and That You Don’t Know Much About Anyway)
Barry Davis, CBPA
Insperity

2. So…You Want to Own a Business
Annual Business Failure Rate* 8%
* Slavic401k

3. So…You Want To Be An Employer
Annual Turnover In the United States*
42%
* Bureau of Labor Statistics

4. Government Compliance
Healthcare Reform
Government Compliance
Shielding You From Government Regulations
The number of government statutes and regulations has quadrupled since 1980.
This slide communicates the daunting tasks and risk associated with the increasing number of employment-related government regulations business owners must deal with.
Insperity keeps up with all the new regulations so client doesn’t have to – can be very time-consuming
protects their business by reducing liabilities associated with non-compliance
government compliance helps avoid fines and penalties
additional components of government compliance
government reporting
agency interface
unemployment claims management
wage claims
audits
Regulations
in 1900
Regulations in 1940
Regulations in 1980
Regulations Today

5. Is There A Better Way?

6. It’s Called a Professional Employer Organization
There Is:
It’s Called a Professional Employer Organization or
PEO

7. Your PEO Helps to Keep You in Business The U.S. Business Failure Rate
Without a PEO*: 8%
With a PEO*: 4%
* Slavic401k

8. The Cost of Turnover
150+ % of Salary*
* Society for Human Resource Management(SHRM)

9. Your PEO Helps You Reduce Turnover
Average Turnover in the United States
Without a PEO*: 42%
With a PEO**: %
*Bureau of Labor Statistics
**McBassi & Company

10. So…. WHAT IS A PEO ?

11. A Professional Employer Organization (PEO) is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers' compensation, recruiting, risk/safety management, and training and development.
Wikipedia

12. The PEO Advantage
Enhanced Revenues: Strategic HR services in recruiting, performance management, and training & development – to enable you to be more systematic and strategic about the role your employees play in the success of your business
Reduce & Contain Operating Expenses: Applying your PEO’s expertise and economies of scale to employment administration and benefits management helps you keep costs more stable for your company.
Net Profit Protection: Ever-changing government regulations and potential employer liabilities can significantly affect your business. Your PEO assumes and/or shares some of the responsibilities of being an employer, to help you better manage workplace liability and compliance issues.

13. Enhanced Revenues

14. Recruiting and Outplacement Support
Job Description Development
Wage and Salary Surveys
Process Review
Interviewing & Selection Training
Online Interviewing & Selection Training

15. Performance Management Support
Performance Appraisals
Compensation Resources and Tools
Supervisor Coaching
Job Descriptions
Reward & Recognition

16. Reduce & Contain Operating Expenses

17. Employment Administration
Payroll Processing
Payroll Record Maintenance & Management
Payroll Compliance
Online Paystubs and W-2s
Garnishments and Deduction Administration
Employment Verification
PTO Accrual

18. Benefits Management Health Care: Medical, Dental & Vision
Flexible Spending Account
Life Insurance and Personal
Accident Insurance
Short & Long Term Disability

19. Net Profit Protection

20. Employer Liability Management
W/C Plan Coverage & Claim  Resolution
Employment Practices Liability Insurance  (EPLI)
Safety Review
Employee Handbooks
Termination Assistance
Employee Relations
Substance Abuse Awareness
Liability Management Training

21. Government Compliance
Government Compliance Reporting  & Agency Interface
Unemployment Claims Administration
FICA, FUTA, SUTA
Safety Services
Drug Free Workplace Administration
EEOC Administration
Job Classification Review

22. So, What’s This All Mean To You As An Employer?

23. How PEO’s Top 10 HR Strategies Helps the Best Small &
Mid - Sized Businesses Achieve Their Vital Business Objectives
Outsourcing your non-core but essential HR functions is a proven success strategy to gain the time you need to focus on actions that lead to growth & profitability.
Focus Intensely on Profit Generating Activities
Capitalize on New Business Opportunities
Reduce & Control Your Operating Expenses
Gain Peace of Mind
Protect Your Business From Gov’t Expansion
Head off Rising Employment Risks
Enhance Training Resources
Upgrade & Develop Your Work Force
Improve Employee Communication
Make Use of Incentive Compensation Plans

24. Outsourcing HR Compliance, Benefits and Other Stuff That Takes Up Too Much of Your Time (and That You Don’t Know Much About Anyway)
Barry Davis, CBPA
Insperity