Employee Management

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Benefits of Using PEO for Your Company

Many companies can benefit from the services of a professional employer organization, or PEO. If you’re considering hiring a PEO to help your company, you might be wondering what the primary benefits will be. This is a common question — and a good one to ask. In this blog, we’ll talk about the best PEO benefit plans and why you should consider hiring a PEO to help with your HR and IT.

Save Time

One of the most common reasons to hire a PEO is to save your company tons of time. A PEO is able to take care of all of your HR processes for you. This frees you and your team up to focus on the myriad other tasks on your plate.

Save Money

Despite the fact that PEOs are paid services, they can actually save you money in the long run. When you’re a small or medium-sized business, every hire counts. You have a salary to cover, along with benefits, training and much more. The cost of hiring a PEO can easily be outweighed by the costs of hiring full-time staff members. Plus, the PEO service won’t need any training or onboarding. You simply hire them and start reaping the benefits.

And that’s not even diving into how much they can save you on benefit plans. The best PEO benefits plans will often be much cheaper than sourcing benefits on your own. This is because when you hire a PEO, you’re added to their network. Having a network of clients allows them to get drastically reduced prices on benefits plans. They then pass these savings on to your company. So not only is your HR processes being taken care of, you now have a better benefits plan at a cheaper price.

Compliance

Compliance can be hard to stay on top of, and errors can be extremely costly for small or medium-sized businesses. A PEO will take care of compliance for you, so you don’t have to worry about something slipping through the cracks or an error setting you back.

Choosing a PEO and the Best PEO Benefits Plans

The above benefits are just scratching the surface of what a good PEO can offer. If you’re looking to hire a PEO, make sure you find one that offers the above services along with the best PEO benefits plans possible. Once you start seeing the benefits and savings for yourself, you’ll be glad you made the decision.

Read a similar article about workforce management software here at this page.

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GPMI Survey Reveals Compliance and Global Mobility Challenges Faced by Payroll Managers

Immedis recently collaborated with the Global Payroll Management Institute (GPMI) to conduct a survey of its subscribers, posing the question, “Is global payroll ready to tackle the rise in globalization?” Respondents represented a cross-section of industries from technology to manufacturing and health care read more

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How Can HRIS Contribute to a Business?

Most businesses, big or small, can benefit from a human resource information system, or HRIS. An HRIS makes it much easier to manage all facets of the human resources department. Many small businesses especially think that the cost of an HRIS might not be worth it. This couldn't be further from the truth. In this blog, we’ll outline why an HRIS for small business can make a huge contribution.

Help Employees Help Themselves

Your HR department doesn’t have time to be answering employee questions all day. With HRIS for small business solutions, your employees will get access to an employee portal that can answer most, if not all, of their questions. They can view their payroll, benefits, request vacation, download tax forms and more. This saves time for both the employee and the HR rep.

Automate Your HR Department

Many businesses think automating means that the need for an employee will be eliminated. Automation is more of a tool to enable better work than a replacement for human input. With an HRIS platform, the most tedious HR tasks can be automated so your HR team can focus on strategic work that matters more.

Help Employees Communicate

Emails, Slack and other communication platforms can cause employees to lose information and communications in the shuffle. Switching between communication apps constantly is not only a pain, but it also takes time out of the day. With an HRIS platform, all communications can be accessed from a central hub, connecting everyone like never before.

Analytics

An HRIS can also collect data and analytics about your business. These actionable insights allow you to see how your company is performing and where it could do better. Valuable data is hard to come by, but a good HRIS can compile this data for you and make it easily readable and parseable.

Choosing an HRIS for Small Business

If an HRIS for small business sounds like the perfect solution, be sure to find a platform that fits with your business. An HRIS platform can give you the tools you need to help your business grow, so make sure you also seek one out that gives you the ability to scale your platform with your business.

Read a similar article about the best software for insurance brokers here at this page.

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What to Look for in a PEO

When your business is rapidly expanding, you might consider turning to a professional employer organization, or PEO, to help make scaling up easier. A PEO should provide you with services like HR, IT, benefits and more. But when it comes to actually choosing the best PEO service, you need to look at more than just the services that they offer. Here’s what else you should consider when deciding on the best PEO service for your business.

Things to Consider

Here are some things you’ll want to consider when choosing a PEO:

Your Needs: First, you’ll need to consider what your business needs a PEO to do. Are you needing to just outsource HR? Are you looking to get less expensive benefits? Once you determine your need, you’ll be able to match those needs with the best PEO service possible.

References: When vetting a potential PEO, it never hurts to get references. Seeing how they’ve helped other companies is going to be a great metric to determine if they’ll be able to help your business.

Service Offerings: Look at your potential PEO’s service offerings. Do they offer a full suite of PEO services? Are they only offering certain things? You’ll need to determine if they’re offering everything that you might need now or in the future.

Simplicity: A PEO is supposed to make your life easier, not harder. Make sure that the PEO is able to seamlessly integrate your business into their processes and start providing you with their services as soon as possible. Integrating a PEO into your business shouldn’t compromise your workflows and slow down your business.

Modernity: Not all PEOs are built the same. Make sure your PEO is designed to keep up with the modern work environment.

Choosing the Best PEO Service

With the above considerations in mind, you’ll be able to make a much more informed decision on what the best PEO service will be for your business. The choice of a PEO can be a difficult decision, but it’s also one that is extremely important. Once you find a PEO that works for you, you’ll be glad you spent the time to find a high-quality one.

Read a similar article about PEO payroll here at this page.

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What Is a High-Deductible Health Plan (HDHP)?

High-deductible health plans can be cheaper for employers to offer, but employees don't always like them read more

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Benefits of an Employee Management System

Employee management systems are becoming increasingly important for modern businesses. Even if you’re a small or medium-sized business, keeping track of all the different aspects of your workforce can be difficult. An employee benefits management platform can make these processes much easier. Here are some of the biggest benefits you’ll see when you start using one of these platforms in your business.

Biggest Benefits When You Use an Employee Benefits Management Platform

Easier to Manage Your Workforce

An employee benefits management platform makes the administrative side of running a business much easier. Tracking employee information, updating it and keeping things organized will be much easier when you use a centralized platform.

Engage Your Employees

Employee management platforms can help you motivate your employees. With an employee portal that they have access to, they can see their goals and targets, their performance, their progress and much more. With access to visible metrics, employees will have a much better idea of how they’re doing and where they can improve.

Avoid Compliance Errors

Many employee benefits management platforms have tools that allow you to automate compliance and avoid human errors. This lets you send and update important employee documents as necessary, without having to worry that they’ve been overlooked.

More Security

Your HR department has a lot of valuable information about your employees, which makes it a prime target for cyberthreats. With a reliable employee management platform, you can ensure your employee information stays safe and secure.

Streamline Employee Benefits

With an employee benefits management system, all of your benefits will be accessible in one dashboard. This means health insurance; commuter, 401(k) and other benefits can all be localized to one system. This makes managing benefits much easier for you, and it’s much more convenient for your employees as well.

Choosing an Employee Management System

When it comes time to choose an employee management system, you’ll want to make sure that it offers all of the above benefits. Some systems are specific with what they offer — only specializing in certain areas, whereas others have everything you need (and more) all in one place. The choice of an employee management system is an important one, so make sure you take your time and weigh all of the pros and cons.

Read a similar article about manage payroll here at this page.

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Why Benefits are Better than Pay for Employee Retention

In 2019, Barometer analyzed a sample of Glassdoor reviews from companies scoring high on employee retention measures. What they found was that only 62% of reviewers gave their salary a positive rating. Meanwhile, 90% of reviewers from the same sample gave their benefits a positive rating. The approval rating's disparity emphasizes how critical benefits are in a compensation plan. So let's explore why and which benefits influence employee retention.

While a good salary can increase employee satisfaction, it does not enhance the employee's experience. Benefits, on the other hand, can do both. There are a ton of niche benefits that can go into a unique compensation plan. However, a couple of benefits remain fundamental to any great package: health insurance and 401ks. And be warned, just because they're fundamental doesn't mean they're fun. Setting up these benefits can feel like a full-time job of its own, so don't be afraid to try out an employee benefits management system.

Streamlining your employee benefits management process will provide you with more time to consider adding unique benefits to attract stronger applicants. Some employee benefits management software even allows you to shop around the nation's leading carriers directly from the user interface. You will find carriers providing attractive benefits such as tuition reimbursement or education stipends, two of the most appealing benefits to the modern applicant. While these benefits may not be an excellent fit for every company, there are loads more to consider.

There are, of course, limitations to what your company will be able to offer. Budgets, after all, do exist. But don't think about adding benefits as adding another expense. Because, when you weigh the costs of training a new staff every couple of months against the cost of investing in your current workforce, the results might surprise you. 99 times out of 100, investing in your employees won't cost you a penny. The money you save by reducing turnover coupled with the money you earn as productivity increases will offset the cost of adding new benefits.

With a comprehensive compensation plan becoming the norm and employee retention nearing an all-time low, it's never been a better time to consider which benefits will foster a more productive work culture for you and your team. So remember, a business with better benefits sees better business results.

Read a similar article about employee management software here at this page.

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How Mobile Device Management Software Improves Security

Back in the day, when work computers were exclusively routed to corporate networks, securing data was simple work. Over the last twenty years, however, mobile devices have taken over the world, including the corporate one. And since our devices are mobile now, so is our data. Today, hackers use sophisticated social engineering techniques to steal massive amounts of corporate and personal data right from our mobile phones and laptops. Managing and securing valuable corporate data has become a perpetually steeper challenge. It stands to benefit that we explore how mobile device management software can improve even your enterprise-level security.

In general, mobile device management software is an application that helps to facilitate and streamline the IT process and policies by deploying various security controls. These security controls include, but are not limited to, conditional exchange access, AI-powered threat detection, and mobile application & content management. Whether your company is running on Chrome, Windows, Android, iOS, or any other, robust mobile device management software enables your company to manage devices across all operating systems.

Whether your employees are using corporate-owned or personal mobile devices to conduct business, software remains critical to a complete security protocol. And while your IT administrator is ultimately responsible for enforcing your organization’s security policies, they are vulnerable to cyber exploitation simply because they’re human. Every successful hacker knows that all humans are prone to mistakes. And hackers are professionals at turning a simple error into an exploit that leads to a massive data preach. The software solves this vulnerability by automating application and mobile device management processes that otherwise require IT to handle the data personally. This hands-off approach enhances data security and user privacy by eliminating the vulnerable human element that hackers love to exploit.

Mobile device management software is a must in this increasingly data-driven corporate landscape we’re in today. There are many competitive providers out there but what you’ll want is software that makes your life easier, not more complicated. When shopping around, look for software that is as powerful as your IT pros but easy for a non-IT pro to use. Be sure it allows you to manage all your devices from one central dashboard and is equipped to automatically install and handle any device across all operating platforms.

If you wouldn’t leave your back door unlocked, then don’t leave your data’s back door unlocked.

Read a similar article about benefits administration here at this page.

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Key Challenges of Employee Benefits Management

Employee benefits can be a bit of a mess. Keeping everything straight and finding the right solutions for your company can be a time-consuming process. On top of the time and resources that are required for employee benefits management, there are other challenges that companies can face. Here are a few of the key challenges that come with managing employee benefits:

Key Challenges

Meeting the Needs of Your Employees

Find the right benefits packages based on what your employees want can be difficult. Each of your employees is going to have a different situation, so their benefits needs are going to be varied. Some will have families they need to insure, some have special considerations, and more. Benefits can get expensive for employees if you’re not choosing the right options, so this needs to be considered when deciding on a provider.

Compliance Issues

It’s important to make sure you’re staying compliant with ACA regulations. Compliance can be complicated to navigate, especially if employee benefits management isn’t your specialty.

Dental and Vision Plans

Employees want their health insurance to be as comprehensive as possible without breaking the bank. That means that they’ll also likely want to wrap dental and vision plans in if possible. Of course, having a good dental and vision plan on top of health benefits can be expensive, so you’ll need to consider what you can offer in order to make employees happy.

Payroll Integration

If you’re in charge of employee benefits management, juggling all the requirements and responsibilities can be overwhelming. You have to be sure that benefits, payroll, and more are all easy to understand for employees. Otherwise you’ll often be answering their questions or trying to help them find solutions for their problems.

Obviously, these challenges can become overwhelming, but luckily there are solutions out there. An employee benefits management platform can make getting a handle on your employee benefits much easier.

Choosing an Employee Benefits Management Platform

If you want to make employee benefits management a much simpler process, then getting a benefits platform is the best way to go. This can automate a lot of the busywork, help you overcome these challenges, and take the guesswork out of the benefits management process.

Find the best user provisioning platform visiting this website.

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How Brokers Can Find the Best Insurance Software for Their Needs

If you’re an insurance broker, you know how useful it is to have an edge when it comes to managing clients and gaining new clients. One edge you can give yourself is utilizing insurance broker software. A good insurance platform will help you keep all of your clients organized and help you bring in new clients too. But what should you be looking for when choosing an insurance broker software?

Outline Your Specific Needs

Everyone operates their insurance agency a little differently, so it’s important to outline what you need out of your insurance broker software.

What Do I Need - First ask yourself what you absolutely need. What does your agency need to run smoothly and what do you need to ensure your clients are happy and taken care of?

What Do I Want - Once you’ve outlined your must-haves, you can outline the things you’d like to have. What would make your life easier but isn’t necessarily required.

Once you have your needs and wants outlined, you’ll be able to make a better decision. Make sure you also have a budget in mind, so you know what you can afford.

Top Features of Insurance Broker Software

Here are some of the best features that the top insurance broker softwares have:

Quotes

Being able to quickly provide your client with quotes is essential. You don’t want your potential clients to have to wait for a quote, giving them enough time to find someone else to provide their benefits. With quoting features in your software, you’ll be able to quickly give them a variety of options to choose from.

Client Dashboard

You should be able to have an overview of all your clients so you can keep things organized and see what tasks have priority. A client dashboard makes it easy to manage and keep your clients happy.

Paperwork Automation

Tedious tasks like carrier forms shouldn’t be taking up time you could be spending elsewhere. A good broker software will be able to automate the necessary paperwork for you, so you can have more billable hours and spend more time helping clients.

Choosing the Right Software

Ultimately the choice of an insurance broker software platform is up to you, but by keeping the above tips in mind, you’ll be able to find what that makes your business that much better.

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