As a staffing firm owner, non-core functions like payroll are part of doing business. Although processing payroll is a necessary activity, you’re better off outsourcing it. What benefits come from outsourcing your payroll? Consider these. Reduce Costs and Risks Start-up costs for payroll are relatively low because you pay for services as needed. Outsourcing provides…
Read the full storyThe following is a guest post from IES’s President, Peter Limone: Each year Innovative Employee Solutions meets with hundreds of companies across the United States who are looking for help with Payrolling. Most of these companies are looking to take advantage of the increased efficiency, lower cost, and lower employment risk an Employer of Record…
Read the full storyMany American small businesses have been implementing shorter work weeks than the traditional 40 hours to help attract and retain hardworking employees. Many people find this as a sign of laziness rather than being more productive. There are pros and cons however, to having a shorter work week than other countries. Average Global Work Hours…
Read the full storyTerminating an employee is not an easy task. Make the process go more smoothly by preparing for it in advance. Even better, let Innovative Employee Solutions handle everything as your employer of record. Fulfill Legal Requirements Start by covering all legal aspects of firing an employee. Create a paper trail of the worker’s performance reviews,…
Read the full storyStarting a staffing firm consumes much of your time and money. Make your experience easier by designating Innovative Employee Solutions as your Employer of Record. Definition As your Employer of Record, Innovative Employee Solutions provides human resource services, payroll, back office support, security clearance, pre-employment screenings, and Independent Contractor compliance. We assume administrative responsibility for…
Read the full storyEnsuring accurate information reporting for compliance with the Patient Protection and Affordable Care Act (PPACA) can be very complex. Learn more about reporting requirements so your company avoids heavy fines and penalties for noncompliance. Section 6055 Who must report and to whom? Section 6055 applies to plan sponsors who issue minimum essential coverage and any…
Read the full storyFinding and retaining qualified workers for the industries your staffing company serves will be challenging in the new year. Here are some areas CareerCast predicts will have the greatest demand, and how you can proactively prepare to fill your client companies’ needs. Information Technology Millions of data scientists with currently undefined skill sets will be…
Read the full storyAfter meeting its annual goal in December 2015, Hilcorp Energy gave a six-figure gift totaling over $100 million to approximately 1,400 employees. Whereas your company may not be able to top this event, there are inexpensive (but effective) ways to recognize your employees’ achievements. To be most effective, employee recognition must be timely, frequent, specific,…
Read the full storyMany staffing agency owners dream of staying competitive by expanding nationwide or overseas. The increased costs, stress, and time commitment are among the reasons many owners don’t take action. Discover how Innovative Employee Solutions can help by becoming your nationwide Employer of Record. Increase Productivity When we become your employer of record, you can utilize…
Read the full storyAlthough an employer of record often works with a staffing agency, the two are separate business entities. Each has specific roles and responsibilities in their symbiotic relationship. Purpose An employer of record serves as an employer for tax purposes while an employee performs work for the client, such as a staffing firm or other…
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