We sent out catapults to potential clients as an introduction to our service, by basically supplying them with the means to injure their employees. HAHA WE KID OF COURSE they are but a novelty – but it begs the question:

Do you know how to do deal with a workers’ comp claim?

Are you even covered?

Workers’ Comp coverage is a significant issue facing business owners. If neglected, the consequences can be severe. For most obtaining Workers Comp nearly requires a full time employee because of the arduous regulations and requirements in the process. With HR Support Inc and our PEO Service – it takes almost no time of yours to acquire and maintain as we deal with the ramifications and carry comprehensive blanket coverage for our clientele.

Enlist our company as your employee services go between and you will cure your worst Workers Comp headaches – even in the event you injure your employees with a toy!

Thank You & Happy Holidays!

How Does a PEO Work?

Once your business hires a PEO, the PEO assumes legal responsibility for your employees be becoming the “employer of record”. That means the PEO is responsible for all employee paperwork including payroll, benefits administration and hiring/firing, as well as any audits or litigation that arise from these responsibilities. But unlike working with a temp agency, the business owner has complete control in deciding who works for the business.

In addition to assuming legal responsibility for a business’s employees, a PEO also provides access to affordable benefits packages by working with the clients provider or arranging for a provider and then administering those providers. This means that small to mid-size businesses can get access to corporate-style benefits that would normally be far out of reach in terms of cost.

Will a PEO Save Money?

We’ve all heard the saying “Time is money.” A study done by the Small Business Administration¹ (SBA) estimated that the average small business owner spends from 7%–25% of their time handling employee-related paperwork. As government regulations increase (they never seem to decrease!), business owners find themselves getting buried in compliance activities that take them away from growing their business.

Many business owners find that, by hiring a PEO, they not only free up their valuable time for activities directly related to their business, but that they save money as well. In the same study cited above, the SBA estimated that the average annual cost of federal regulation, paperwork and tax compliance for businesses with fewer than 500 employees was a staggering $5,282 per employee! PEOs typically charge a percentage of gross payroll expenses, so businesses with only a few employees pay less than larger firms for the same high level of services.

There’s Never Been a Better Time to Hire a PEO

In today’s tough economic climate, using a PEO makes more sense than ever. Small businesses are finding that they need to offer more products or expand into new markets just to stay afloat in the competitive economy. Freeing up time to focus on the core business is a key to success. A PEO like HR Support, with more than a decade of experience.

Worker’s comp overhead is more than just the money spent on insurance premiums—it’s also the time spent on paperwork, the cost of legal fees and the challenge of trying to keep up with changing regulations. Worker’s comp insurance may not cost much compared to a worker’s salary or other benefits, but there are still potential savings.

Here are five ways you may be able to reduce your company’s worker’s comp overhead:

Develop and implement workplace safety protocols—Make a careful survey of your workplace. Are there any particular places or job functions that lead to higher injury rates? Figure out why and come up with a plan to make that area or job safer. Don’t be afraid to ask your employees for ideas. Keeping your workers from getting injured in the first place will yield the biggest savings.

Make sure your employees are classified correctly—Mis-classifying an employee as higher risk than their job actually warrants increases your worker’s comp insurance premiums.

Come up with ways to bring injured workers back to work more quickly—Can you offer them a temporary desk job, reduced hours or a reduced workload? When employees are able to work, even just part-time, your worker’s comp costs go down.

Check your state’s overtime laws—Though you pay employees time and a half for overtime, you may be able to use just the regular wages to determine your worker’s comp insurance premiums.

Hire a Professional Employer Organization (PEO) such as HR Support, Inc. to handle your worker’s comp insurance. PEOs typically provide insurance at a competitive price, with the added benefit that the PEO takes care of the administration and paperwork and also assumes the risk if an employee has an injury or decides to sue.

1. Reducing costs: Outsourcing can provide you with cheaper labor with the same quality of work. If it cost you $0.25 to do something and another company charges $0.15 to do the same thing it would only make sense to take advantage of that savings opportunity.
2. Improve Business Focus: One of the hardest things for entrepreneurs to do is the things that take them away from growing their business. By outsourcing you can free yourself up to focus on your business’s growth, development, and goals and bottom-line. Do what you do best and let someone else handle the non-strategic part
3. Unfulfilled Needs: Sometime you just can’t find what you’re looking for in your local market. You may need to look for suppliers or services outside of your area. Finding the best product/services for the lowest cost is key to business success.
4. Risk Management: When you do paperwork or service’s yourself you are liable for anything that may go wrong. When you outsource you take the liability off yourself and put it on someone else. For example, if you do your payroll and taxes yourself, you are the one responsible for answering to the IRS. If you outsource your payroll and taxes you are not liable to the IRS, they are. Knowing these most outsourcing companies take great care to insure your services are handled correctly the first time.
5. Better Employees: Have you ever looked for a highly qualified employee in your area and just couldn’t find one that fits your needs or had the experience? The local employee market might be running low on qualified individual with the experience you need to get the job done right. With outsourcing you can find people with the skills and qualifications your company needs already doing what you need done! An expert in a field can get things done much quicker and more efficiently than any trainee.

This site is dedicated to providing you will industry tips and helping you find the best methods to streamline your business. Return on investment (ROI) is vital to small business survival and success. By implementing the latest technology and newest industry developments in human resource management, you will be putting your businesses at a distinct advantage to your competition.

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