By Jessica Jewell
Individuals in professional and business services who were reported on seasonally adjust payrolls increased from 17,012 in October 2011 to 17,365 in November 2011.
Additionally, employment in professional and business services continued on a positive trend in November (+33,000) according to the Bureau of Labor Statistics.
People are not staying in the same job as generations have in the past. With a turnover rate of about three years, the importance of an individual’s skills and expertise are more valued than longevity at a company. By 2020, it is estimated that flexible workers will account for nearly 25% of the U.S. workforce. It’s because of this phenomenon, that it is even more crucial for employers to look to PEO service professionals for HR assistance.
A thought leader, Scott Nash speaks on outsourcing HR to a PEO (Professional Employer Organization). His expertise provides employers with an opportunity to meet control costs and meet specific businesses objectives. Whether it’s a need to control benefits and risk management costs, or support the administrative requirements of a growing company he can help. Nash, in association with SmartSource Inc. coordinates HR Outsourcing and PEO services for businesses across the United States, representing a wide spectrum of sizes and industries.
A professional employer organization (PEO) one-stop-shop provider of integrated services, enabling business owners to economically outsource HR management services like; payroll, human resources, employee benefits, and workers’ compensation. PEOs also provide other HR services, such as; recruiting, risk & safety management and training.
As of 2010, there were more than 700 PEOs operating in the United States, covering 2-3 million workers.
Once a client elects Nash for their PEO services he has a multitude of resources to draw upon to fulfill their individual needs.
Search internal database containing over 250,000 resumes, to find the best match for a company’s needs
Leverage established referral network enacted since 1996
Posts the position on Monster, Careerbuilder, Dice and other services (saving the client over $1000 in job posting fees)
Conducts phone screens and face-to-face interviews, further qualifying candidates
Provides resumes of the top three candidates that passed his screening process
Help schedule interviews
Upon an offer, Nash provides a complementary background check, drug test and certification verification.
Today's regulatory environment carries more risks for employers than ever before. Keeping up with the growing number of employee-related laws, rules and regulations can be a challenge. Nash not only can provide a client with the support they need to navigate the employment law landscape; but also provide additional Human Resources (HR) support.
A PEO is capable of completely handling payroll needs, letting the client focus on their business operations. Utilizing a PEO, the company enjoys the advantages of a payroll service; in addition to the cost advantage and time savings of the PEO-- employee benefits, risk management and Human Resources administration. For example, in 2014, SmartSource issued nearly 4,000 W2s to employees throughout the USA and Canada, helping scores of companies with their HR processes.
By quickly transferring employees recruited by clients to our payroll they can respond immediately to heightened productivity demands without maintaining unnecessary personnel through business downturns.
Nash’s clients retain full control and supervision of employees while he assumes total responsibility for the payroll.
Nash is capable of pay rolling a single individual, or an entire department and provides pay rolling services including:
• Payroll funding
• Payroll and W-2 preparation
• Employer of record status
• Payment of workers’ compensation and unemployment taxes
• Handle workers’ compensation and unemployment claims
• Payment, processing and reporting of all mandatory payroll taxes
• Provide alternative benefits options
Risk Management & Workers' Compensation Insurance
The combined cost and the risk of not carrying workers' compensation insurance can be significant for most employers. Nash saves businesses across the U.S. thousands each year on workers' compensation premiums and helps make work places safer by matching the needs of a group with the right PEO.
Quality benefits such as health insurance are inaccessible for many businesses due to; rising costs, plan requirements and administrative burdens. A PEO assists a company lower and control benefit costs. Nash and SmartSource offer several plans through Blue Cross and 401k services using ADP. All plans are fully customizable based on every client’s unique requirements.
SmartSource is a technical resource company that provides its customers with solutions to a wide variety of technical staffing situations. Through SmartSource, you can access a highly qualified and diversified pool of information technology resources at national level.
Designing a plan
With decades of experience, Nash works with his clients to design a custom PEO plan, ensuring employee retention. In addition, Nash helps evaluate clients’ IT staff to determine if salaries are in line with current market rates.
Rates are based on a cost plus model, ranging from 10 percent to 20 percent. Factors contributing to determining rates include; employee salary, payroll taxes, vacation time and health benefits.
Integration of Nash’s services for a client is straightforward and simple. Once the agreed PEO services are agreed upon between Nash and the employer, the company announces the change to it’s employees and distributes the new materials, welcoming new additions on board.
Many clients mix-and -match Nash’s service offerings and have the opportunity to opt for a strategic model to recruit and payroll staff. References available upon request.
Importance of a Thriving Company Culture
The importance of company culture is key for any group. It’s integral to provide a set of ethics and a welcoming work environment to solidify a company’s position in the marketplace. It enables retention, productivity and positive PR coverage. Organizations with an adaptive company culture that is aligned to their business goals routinely outperform their competitors. Needless to say, company culture can make or break a company.
Below are key components of a sound company culture:
· Employee commitment
· Empowered employees
· High-integrity workplace
· Strong trust relationships
· Highly-effective leadership
· Effective systems and processes
· Performance-based compensation and reward programs
· Effective multi-lateral communications
· Commitment to learning and skill development
· Emphasis on recruiting and retaining outstanding employees
· High degree of adaptability
· High accountability standards
· Demonstrated support for innovation
Scott Nash, a consultant and associate of SmartSource, a technical staffing company, provides insights for clients on improving their company culture. With a thriving, healthy company with skilled, ethical and committed employees, further strength and success is inevitable.
For more information surrounding company culture consulting services or PEO services, contact Scott Nash at (630)-607-7203