5 Warning Signs You Need to Outsource Your HR | Bussiness

Your company’s human resources (HR) chief is responsible for many critical aspects of your workforce. They’re tasked with finding, hiring, training and assessing the performance of your employees. Your HR team is also responsible for developing an appealing culture and ensuring the company complies with all labor and employment laws. They may also oversee payroll. If you have unionized employees, HR is the liaison between your company and the union. To say that HR carries responsibility for your company’s success is an understatement.

What is HR outsourcing?

HR outsourcing is exactly what it sounds like. It is handing off some or all of your HR functions to a third party. This can be an alternative to hiring an internal HR department or used in tandem with an in-house HR professional who handles some of your HR responsibilities.

Outsourced HR services depend on the contract between the company and the provider. The client service agreement often asks the contractor to handle payroll by managing all withholdings and taxes. The HR company may also be in charge of releasing all W-2s to worksite employees. You may also use the outsourced service to manage employee benefits or retirement plans.

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Full-Time vs Part-Time Employees: What’s the Difference?

  • Typically, the number of hours an employee works each week and their weekly work schedule can help you distinguish between full-time and part-time status.
  • Full-time employees can offer your business security in scheduling, regularity in product or service flow, and overall consistency for your labor management.
  • Part-time employees can save your company money because you won’t have to pay as much when there are dips in workflow, or offer healthcare and other benefits.
  • This article is for small business owners who need to hire staff and are deciding between full-time and part-time employees.

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How to Terminate Employee Benefits | business.com

If you have to let an employee go or they quit, you should provide them with a termination of benefits letter. Here’s what to include in your letter and a sample template.

As a business leader, when you make the difficult decision to fire or lay off an employee – or if they decide to quit – you must end their employee benefits. While most benefits are immediately terminated, employees often have the right to continue with some benefits. Terminating employee benefits is a delicate process, and you want to make sure you follow all of the proper steps.

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Should You Provide Your Employees with Company Cars | The Startup Magazine

Providing benefits to your employees can lead to a more harmonious, productive workplace with a higher staff morale, increased loyalty levels, and better work satisfaction overall. Providing a company car to employees is a popular benefit in several industries and it’s easy to see why.

Being able to use a company car is a valuable benefit for employees, particularly those who do not otherwise have access to a vehicle. Being able to use their company vehicle provides employees with greater transport flexibility and helps them avoid the need to rely on public transportation. We’ve listed some of the biggest benefits of providing company cars.

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