Use Temp Agencies In Madison WI

Create A Variable Workforce Model Using Temp Agencies In Madison WI

Does it feel like you are spending all of your time hiring permanent employees at your place of business? It may be time to rethink your hiring strategy. For many business owners, this means deviating from a traditional permanent hiring structure and opting instead for a variable workforce model. Using temp agencies in Madison, WI can help you create (and most importantly, maintain) your new hiring standard for optimal success.
Know The Value Of Your Variable Workforce
Most organizations recognize that there is an inherent value to long-term employees. This doesn't mean that a variable workforce can't also deliver some impressive benefits. Teaming with temp agencies in Madison, WI to strategize a temporary employment solution can yield extensive advantages including:
Increased Bandwidth
An upswing in overall available time is one of the first things that you may notice when using temp agencies in Madison, WI. Everyone hired throughout the agency is technically recognized as an employee of the recruiting firm. They will handle the entire process for you so you can focus on your organization's competencies and core business capabilities.
Cost Effective
Variable workforce models also offer a cost-effective alternative to traditional full-time hires. Not only will you not have to allocate internal resources for your hiring process, you will also not have to pay full-time salaries. Temporary workers only get paid for the hours they work and don't receive fringe benefits such as vacation or workers comp, which helps keep your costs at a minimum.
Flexibility
Company executives understand that there's always a level of uncertainty in the business world. Unexpected dips in your revenues can mean having to layoff permanent employees. A variable workforce enables you an enhanced flexibility. You won't have to worry about letting your people go; temporary workers come onboard with no expectations and know that their employment could end at any time.
Long-Term Hires (Eventually)
Best of all, a variable workforce model allows business owners an opportunity to truly "try before you buy" when it comes to making an eventual permanent hire. You will have the chance to see how a candidate performance in a certain role and decide if you'd like to extend full-time employment at any given point.
Contact The Payroll Company today to learn more about customizing your organization's variable workforce model.
This post was originally published at http://www.payrollcompany.biz/use-temp-agencies-madison-wi/

Get The Facts About Your 401K MEP

What To Know About Your 401K MEP

A 401K MEP, also know as multiple employer plan, offers many of the same investment advantages as a standard 40K plan. The basic concept of a 401K MEP allows unaffiliated employees to participate in a common retirement investment plan. Under 413(c) of the Internal Revenue Code, contributing business owners offer retirement savings options under the sponsorship of a third party provider. The third party provider oversees investments, employee/employer participation, and assumes responsibility for administering as needed within the plan.

Does A 401K MEP Make Sense For Your Business?

Working with the right third party provider can make all the difference in your MEP experience. Many businesses owners are surprised to learn that any employer is eligible to offer this type of retirement option to their employees. Finding an experienced team that specializes in MEPs will streamline your plan development process. When screening potential providers, look for a firm that offers a diverse range of options. Whether you are a start-up organization, or a national brand with multiple locations, you will want an investment team capable of meeting you where you're at now, and have the flexibility to grow with your business.

Know The Benefits Offered By This Retirement Savings Plan

Additionally, using a 401K MEP yields several key benefits, making it an ideal option for entrepreneurs running companies of every size and scope. Perhaps the biggest advantage to this type of savings format? It often proves more cost-effective when compared to a standard 401K-investment strategy. A professional provider manages the plan on your behalf, instantly freeing up time as well as saving your organization administrative costs. Also, participating in a plan with other businesses allows you to enjoy volume savings instead of absorbing individual plan costs. Finally, an efficient provider will know how to capitalize on funds that require lower fees.
Most importantly, a MEP allows for design customization so your organization enjoys a perfect investment fit. When working with your third party partner, discuss your specific needs such as vesting schedule, whether your company will match contributions and overall eligibility requirements. Once you've outlined your investment goals, your vendor will develop a final format to launch to employees.
Want to learn more about using a MEP?  Contact The Payroll Company today.
This post was originally published at http://www.payrollcompany.biz/get-facts-401k-mep/

Work With A Staffing Agency In Madison WI

Employee Vs. Contractor – An Annual Review

Working with a staffing agency in Madison, WI can have a significant impact in your overall business model, particularly if you are considering staffing your team with contractors. The choice between employees and contractors should not be taken lightly; savvy entrepreneurs understand that knowing the differences, and benefits associated with each can help make the decision process as straightforward as possible.
Simply deciding that contractors make sense for your business model is only the first step in the process. Hiring contractors requires following specific mandates and regulations to ensure that your business remains compliant throughout the project engagement. One common error made by employers when bringing on contractors? Misclassification. For employers in virtually every industry, staying on top of the classification requirements can prove challenging. Wrongfully classifying an employee can quickly result in significant fines, fees and taxes based on labor laws.
The IRS may also take notice of misclassified employees within your organization. Should you mistakenly place someone who is legally an employee into the contractor category, your business could be vulnerable to other penalties, such as back taxes, Social Security and Medicare. The IRS may not stop there; the department may also pursue you for missing federal and state unemployment taxes as well. Worse yet, if someone you claim is an independent contractor actually claims employee status, you may find your entire organization undergoing a payroll audit.

Work With Staffing Agency In Madison, WI To Ensure Compliance

While some business owners have a firm grasp on the employee vs. contractor question, many struggle making a definitive categorization. The best way to protect your organization from misclassifying workers is to partner with a staffing agency in Madison, WI. Staying on top of the rules and regulations qualifying a contractor can prove a full-time job…and as the leader of your company you already have (at least) one full-time job. A professional staffing agency in Madison, WI will have the knowledge and insight needed to staff your open contractor positions with actual contractors and manage all the documentation.
Most importantly, a professional recruiting team not only knows how to find contractors; they will also know how to manage your contractors. They understand what documentation needs filling out and filing. They will continuously update your contracts and keep them on record so your business never has to worry about noncompliance or false classification.
Discuss The Process When Teaming With A Staffing Firm
Many recruiting agencies emphasize their extensive access to talent. However, in order to avoid potential fines and penalties, you should find a team that also wants to discuss their process. Discuss how they manage documentation that demonstrates contractor status. Ask what your responsibilities are throughout the work engagement. Going into the assignment with a solid understanding of what's expected as well as what you can expect can make a major difference in your overall experience.
Contact The Payroll Company Today For More Information
If you're struggling with categorizing your staff members, The Payroll Company can help. Contact our team of recruiting specialists today to discuss your hiring needs. We look forward to hearing from you!
This post was originally published at http://www.payrollcompany.biz/work-staffing-agency-madison-wi/

Partner With HR Outsourcing Companies

5 Signs It's Time To Outsource HR

Human Resources play a crucial role in the development and growth of any business. However, many organizations tasked with generating revenues and expanding market share simply don't have the time and resources needed for a successful HR Team. If that sounds like your current business status, you should consider HR outsourcing companies as a viable solution.
When do HR outsourcing companies make sense for a specific business model? Each company may have it's own specific outline of when the timing is right. However, knowing a few important factors to watch for can help you decide if HR outsourcing companies are the best choice for your company.
Heavy Emphasis On Administrative Tasks
As you expand your team, you and your current employees may find yourselves drowning in administrative tasks. From new hire paperwork to benefits, payroll and even vacation time, there is much under the human resources umbrella to manage. Outsourcing your processes to a third party provider means that your team can stay focused on core capabilities while your trusted partner manages the HR details.
Your Staff Can't Access Necessary Documents
Self-service is a major benefit of using HR outsourcing companies. A professional provider will implement a streamlined, centralized system where everyone in your organization will have direct access to the information and documents they need for various reasons. If your current human resources department is forever chasing co-workers for documentation, it's time.
Need For Mobile Access
Perhaps you already have centralized access for self-service at the office. But do you have mobile capabilities? In today's globally connected business world, having on-the-go access to needed data can prove critical. An experienced vendor will be able to implement your mobile system so your employees can get whatever they need, wherever they may roam.
HR Isn't An Asset…Yet
All too often, a human resources department operates as a cost center. This factor is often further highlighted during busier seasons when additional reinforcements are brought onboard to manage all the procedures and processes. Having a highly skilled team of outsourced professionals can quickly boost efficiencies and overall level of operations, making it a perfect way to transform your existing department from cost center to strategic asset.
Compliance Struggles
Your HR team isn't just responsible for internal communications and documentation; it's also responsible for keeping up with outside rules and regulations to ensure your business is compliant at all times. This can prove a full-time job in itself; requiring business owners to waste countless hours keeping up with the latest (and ever-changing) laws and mandates. If you're tired of getting caught up with statutory and regulatory requirements, outsourcing the process makes sense.
Contact The Payroll Company Today For More Information
Have you decided it's time to outsource your human resources department? Choosing the right provider can make all the difference. The Payroll Company can help. We offer state-of-the-art human resources' solutions customized to meet your team's specific needs and requirements. Contact us today to hear more!
This post was originally published at http://www.payrollcompany.biz/partner-hr-outsourcing-companies/

Benefits Of Using Staffing Agency Madison WI

Hire Top Talent: Work With A Staffing Agency In Madison WI

Hiring top industry talent requires more from your HR team than just motivation; in order to continuously source premium candidates, your HR department must have access to the best recruiting resources as well as enough time to dedicate to the search for success. Rather than spinning wheels and coming up short on their candidate sourcing, savvy HR professionals know to partner with a reputable staffing agency in Madison, WI.

Why You Should Partner With A Staffing Agency In Madison, WI

Not sure if a staffing agency makes sense for your hiring process? Understanding a few simple benefits can make the decision an easy one. The first thing that business owners notice when teaming with a reputable recruiting team is the virtually unlimited access the firm has to qualified, skilled and experienced candidates. Firms that specialize in staffing for your industry will know the very best sourcing strategies and resources. Rather than wasting countless hours digging through unqualified applicants, your HR team will put together a consolidated list of the best-suited candidates for your position.
Additionally, many HR specialists only know how to source active (aka people currently pursuing employment opportunities) candidates. However, a professional recruiting team will know how to proactively contact the very best industry talent, even if they aren't currently looking for a new job (yet). Their extensive network means they can reach out to the best fit for your position, regardless of whether they are currently working or searching.
Finally, and most importantly, most HR departments can only actively recruit as time allows. This can prove challenging for human resource specialists who are already spread thin covering a multitude of critical tasks. Your dedicated partner will manage your opportunities as a top priority for as long as needed. They will work in conjunction with you as you develop your hiring strategy and they will manage the entire sourcing process from open opportunity to start day.
Contact The Payroll Company Today For More Information
The Payroll Company specializes in recruiting for businesses of every size and scope. If you want to hear more, contact our team of hiring professionals today!
This post was originally published at http://www.payrollcompany.biz/benefits-using-staffing-agency-madison-wi/

401k companies - develop the right plan for your business

Retirement Planning 101: Partner With Qualified 401k Companies

As a business owner, you know firsthand that retirement savings proves a vital benefits offering in your organization. No matter the age of your workforce, or the stage of their careers, saving for retirement is something that most of them are thinking about. Offering options to help them after they've retired is not only a corporate benefit that shows value to your current employees, it can also be a compelling recruiting tool when sourcing new talent to join your team. Most importantly, a savings incentive can help you hire new candidates, but it may also help you keep them long-term.
Deciding that you want to offer retirement savings and benefits to your staff is only the first step. It's also critical to put together a cohesive plan that gives your specific workforce what they need and want. The best way to develop your customized savings strategy is to partner with qualified 401k companies.

Working With Experienced 401k Companies: What To Know

A 401k plan is one of the most popular options for business owners with companies of every size and scope. This type of savings strategy allows your employees to contribute a designated portion of their earnings into pre-selected investment options. Everything invested is considered a pre-tax contribution; the employee will not get taxed on anything invested until after the money is withdrawn from his/her account.
While this type of savings plan is very popular, it's always important to team with reputable 401k companies to not only ensure that you grant your employees the very best options, but also follow specific legal requirements and remain compliant at all times. Additionally, your chosen investment team will also be able to discuss options for you if you'd like to contribute to your employees' plans as well. Their insight can help you determine what makes senses as an employer, as well as understand the tax incentives associated with your investment.
Contact The Payroll Company Today For More Information
If you're considering retirement savings plans for your employees, The Payroll Company can help. Our team of experienced investment specialists can help you develop the right plan for your organization. Contact us today to hear more.
This post was originally published at http://www.payrollcompany.biz/401k-companies-develop-right-plan-business/

Use Employee Benefits Administration Software

Employee Benefits Administration Software Grants Small Companies Big ROI

As the owner of a small company, you already know that your total employee compensation plan can make a major difference in your hiring process. Without a cohesive benefits package, you may continuously find yourself at the mercy of your larger competitors when it comes to hiring talent; the industry giants get to handpick their candidates and your business is left with the applicants they didn't want.
Don't settle for leftovers when staffing your team; incorporate employee benefits administration software into your organization to streamline your overall compensation initiatives and level the hiring playing field with even your biggest opponents.

Employee Benefits Administration Software Offers Centralized Compensation

Implementing an HCM program, like employee benefits administration software, not only helps attract qualified candidates, it also enables organizations to centralize access to every component of their plan. When selecting a vendor to help with integration, look for one that offers a system that will seamlessly integrate into your existing applications for uninterrupted service.
Additionally, you will also want to source a provider that can also help you develop a more comprehensive compensation plan. When strategizing your corporate offerings, keep a few key offerings in mind to yield your small company the biggest return on investment. Some benefits to offer include:
Financial Advantages
Offer your employees more than just a salary; include financial benefits in your plan for a well-rounded final compensation plan. A 401k plan can prove a major first step in the right financial direction for your organization. Not only will your employees reap the rewards of the program, but you may also be eligible for tax breaks depending on the size of your business. A qualified 401k provider will also offer financial advisors to help your staff make wise investment decisions.
Providing tuition reimbursement can also help attract talent. Savvy business owners understand that elite candidates will also want to learn. Assisting with educational fees can keep them on the cutting-edge of your industry and reinforce the strength of your overall team.
Health Benefits
It's no secret that healthcare is expensive…and continuously going up in cost. No matter how small your business, you can offer various health options to encourage candidates to work for your business. Flex spending and healthcare reimbursement plans can prove excellent benefit alternatives if you can't afford standardized health plans.
Providing reimbursement for gym memberships is another excellent way to help keep your staffers happy and healthy. Here's a bonus perk; healthy employees are more productive. Work with your software system provider on adding fitness compensation as part of your overall benefits plan.
Overall Emotional Wellbeing
Don't overlook the value that your employees put on feeling valued. Offering benefits that focus on your staff's emotional and social health can be a deciding factor during the hiring process. Flexible scheduling, training and development, and even encouraging employees to volunteer in the community can define your corporate culture and entice top talent to join your team.
Contact The Payroll Company today to learn more about customizing your compensation offering with our employee benefits administration software.
This post was originally published at http://www.payrollcompany.biz/use-employee-benefits-administration-software/

Partner With A Quality HCM Company

Selling HCM To Your Employees

In today's fast-paced, ever-changing global market place, hiring impressive talent is a must. This proves particularly true for smaller businesses. No matter what your corporate offerings, staffing your team with the very best candidates can mean the difference between merely treading water and actually leading within the industry. For many HR specialists tasked with recruiting these top tier applicants, teaming with an HCM company to incorporate a customized system into their infrastructure can prove an invaluable tool.
Give Your HR Team An HCM Advantage
Using human capital management systems prove a major first step in out-recruiting the competition for available applicants. Your HCM company will team with you to automate the entire staffing process. Your final system will automatically manage both the number of total candidates streaming in through various channels as well as the overall quality of applicants, making it an easy sell to your entire HR department. They can quickly pinpoint which hiring resources have delivered the best applicants as well as know how many prospects are currently in the pipeline.
Additionally, your human resources department will also appreciate how a human capital management application simplifies moving viable applicants through various interview phases. All communication, notes, and action items get logged directly into a centralized system. Your hiring managers and executives will receive prompts about next steps so nothing falls through the cracks as you move forward with your hire.

Benefits Of Teaming With An HCM Company

Of course, the recruiting process is only one example of how invaluable an HCM system can prove to your organization. It's important to note that it's not only your HR team who will benefit from a human capital management application. A veteran HCM company will create a system that also encourages and facilitates employees' development, making it a highly valuable internal resource even after they are hired.
Post-Hiring Benefits Include:
New Employee Onboarding
Finding the right applicants is only the first critical step toward hiring success. It's also crucial to give your new hires everything they need for optimal productivity as quickly as possible. Your human capital management method delivers a streamlined new employee onboarding process that doesn't rush through key new hire factors. The system will track and manage all required paperwork, deliver necessary training materials, and ensure that every new hire receives an identical onboarding experience.
Performance Management
Employees in every industry value organizations that emphasize factors such as performance and overall career-path development; they consider these key components actual benefits. Your human capital management system stores all relevant performance and productivity information so you can quickly recognize which employees are going above and beyond expectations. Additionally, your application will facilitate communication between workers and management as well as streamline the process for employee reviews. Most importantly, the application will store all completed training and development opportunities as part of the employee development process.
Employee Access
Finally, staff members throughout your organization will appreciate the centralized access offered by your HCM system. No longer will they have to rely on your HR or management team to see relevant documentation. Instead, they can log into the system and gain insight on key employment factors such as paid time off, hours logged, and benefits paperwork.
For more information on innovative HCM systems, contact The Payroll Company today.
This post was originally published at http://www.payrollcompany.biz/partner-quality-hcm-company/

Manage Your HCM Conversion

HCM Conversion: Scrub Your Data First

Transferring your HR data from an internal system to a cloud-based HCM delivers a wealth of benefits of opportunities for your organization. A comprehensive human capital management system offers a centralized, integrated storage solution for relevant users throughout your company. With just a few simple clicks, staff members from any department can access what they need: vacation approval, timesheets, employee reports and more.
However, successfully upgrading to a human capital management software system requires careful planning to guarantee a seamless integration throughout the process. In order to enjoy an effective and efficient migration, it's critical to take the time needed for a little spring cleanup with your existing data. Following three simple tips can make your data scrub as painless and stress-free as possible.

1. Get The Team On Board
   Yes, gleaning through your data will take time and internal manpower; however, ignoring the responsibility can convolute the entire process. Gather up your internal team to update them on the impending project as well as allocate resources needed to get the job completed properly. Create a project document so everything agreed upon, including completion dates, are in writing for everyone to review as needed.
2. Update Your Procedure
   Now is the perfect time to go through your existing HR processes. What makes sense to transition over to your new human capital management system? What is outdated and needs to be eliminated from the process? Work with your HCM provider to streamline your system for optimal efficiency. Having an outline in place of how your process will work going forward will help you determine what to keep and what to eliminate in your stored data.
3. Begin The Process
   Once you have developed your plan of action, it's officially time to act. Execute on your data scrub. Consolidate old records and eliminate irrelevant functionality. Work with your chosen partner to answer questions and provide insight throughout the process so you know that you are effectively managing the data that will migrate over. Once you've completed the transition to the new HCM, be sure to run historical reports on the older data to ensure it's stored properly and easy to access.

Contact The Payroll Company Today
Have questions about migrating to an HCM? Contact The Payroll Company today for a free consultation.
This post was originally published at http://www.payrollcompany.biz/manage-hcm-conversion/

Find The Right 401K For You from 401k Providers

Pre-Tax Deferral Vs. Roth: Which Is The Better Option For Individuals?

Working with professional 401K providers often means deciding between a plan that offers pre-tax deferral or a Roth account. While both a traditional 401K and a Roth provide retirement savings options, they each have some significant distinctions that warrant consideration before moving forward in the process. A standard 401K allows employees to contribute pre-tax income to the account. Upon retirement, you pay taxes each time you withdraw funds from the plan. Conversely, a Roth account allows contributions to be made after taxes have already been paid. Paying the taxes upfront means that you will enjoy tax-free withdrawals throughout the duration of your retirement.
Which Plan Is Right For You?
Knowing the main difference between the two is critical, but it still may not be enough to determine which one is right for you. No matter which format you select, your employer and 401K providers will still deduct your allocations directly from your paycheck. However, your tax bracket, both now, and in the future, can prove significantly different. Opting for the traditional account will have a major impact on your tax bracket now. Your taxable income in any given year will be lessened by how much you contribute to the plan. Additionally, anything invested will grow, tax-deferred throughout the duration of the policy. Once you retire, you will be required to pay the standard tax on both the total contributions as well as gains.
Roth accounts means that your taxable income doesn't change. You will pay taxes, based on your standard bracket, for every dollar earned. The benefit to this is that, chances are, your tax bracket will continue to go up as you progress through your career. Paying taxes up front means that your gains aren't subject to taxation upon your retirement.
As a result, individuals entering their peak earning years leading up to retirement often achieve a better return on investment from traditional 401K plans. However, employees new to the workforce, often find that their smaller incomes do better with a Roth account. They can pay the taxes up front and enjoy gains on their contributions in the future without paying a higher tax.

Contact Our Professional 401K Providers Today For More Information

Still have questions? We have answers Contact The Payroll Company's team of 401K providers today for more information.
This post was originally published at http://www.payrollcompany.biz/find-right-401k/

Teaming Finance and Human Resources Outsourcing

Finance & HR: A Necessary Corporate Partnership

Modern business owners recognize that individual departments can no longer exist in corporate silos. In order to maximize efforts and optimize results, it's critical to integrate and collaborate as much as possible. One necessary corporate assimilation with staying power? Partnering finance and HR divisions, particularly as it relates to human resources outsourcing. When properly integrated, this type of alliance reduces hiring as a strictly administrative function and strategically transforms the process into potential financial gain.
Why have finance and HR relationships flourished in the past few years? Recent operational trends have (rightfully) re-categorized employees from mere staff to human capital. Your employees are now recognized as both the organization's biggest asset as well as probably its biggest expense; aligning HR with your finance team can help strategically leverage your human capital investment for optimal returns.

Align Your Finance Team With Human Resources Outsourcing

For many executives, the best way to reinforce a coalition between finance and HR is to use a human resources outsourcing firm to find new talent. An outside recruiting team understands that it's not enough to merely hire leading candidates. In order to consistently outshine the competitions' performance, it's critical to bring in new employees with staying power. Continuously losing team members and having to restart the search process can have a major impact on any company's bottom line. Having the opportunity to train, educate, certify, and hone internal resources is the best way to fortify your internal output, while fostering a positive overall corporate culture and morale. Human resources outsourcing has the tenure and insight needed to do just that. An outside team will know how to closely partner with your financial division to understand precisely what constitutes a successful, long-term hire. From there, they will put together a plan of action to bring in top-tier workers to seamlessly integrate within your organization to offset overall labor costs with superior performance.
Retention alone is not the only HR factor influencing profits. It's imperative to source candidates that have experience and skill versatility. Performance agility throughout every level of your business means your internal force has the dexterity and foresight needed to strategically unearth and manage any potential opportunity. Your outsourced recruiting team will access their extensive network of talent to find prospects with the agility that grants your business a competitive edge.
What To Look For In Your HR Partner
Once you've decided that a CFO/HRC relationship can boost your business, it's important to know how to find the right human resources outsourcing provider. Look for a firm that doesn't simply "fill orders" but rather, develops partnerships. A qualified and experienced company will want to get a thorough understanding of your organization's talent needs. Your chosen team should work with you to develop a strategic vision on how to take your hiring process to the next level. From there, they should create a customized staffing model that yields scalable solutions that will grow with your company for the ultimate return on investment.
Contact The Payroll Company Today
Would your company like to look into creating a partnership between Finance and HR? Contact The Payroll Company today to learn more about how we can help with the process.
This post was originally published at http://www.payrollcompany.biz/teaming-finance-human-resources-outsourcing/

Use Professional Online Payroll Services

Avoid These Potential Costly Payroll Mistakes With Your Start-Up by using Online Payroll Services

As a new business owner you will constantly find yourself straddling a multitude of functions and responsibilities. While it may make sense to continue managing various tasks, it's also critical (for the health of your fledgling venture) to look for various duties to outsource. One common function that many entrepreneurs find makes sense to outsource? Payroll. Using professional online payroll services can make a significant impact on a wide range of operations within your business. In fact, business owners who choose not to utilize online payroll services often find themselves facing a myriad of common (and potentially costly) issues.
Don't fall victim to these avoidable missteps. Use online payroll services to ensure your business prevents these potential mistakes:
Increased Employee Turnover
Many executives don't realize that there is a direct correlation between payroll efficiency and employee satisfaction. As you ramp up your business, you may not have the time needed to implement a seamless process that gets your staff properly paid and paid on time. Frustrated team members waiting for delayed payments can quickly get disgruntled enough to want to search for additional opportunities elsewhere. Outsourcing your payroll processing needs means you never have to worry prompt payments.
Inaccurate Reporting
Start-up entrepreneurs can often resort to manual procedures with their payment processes, with negative results. It's critical to stay on top of revenues and expenditures at all times. Not only does a manual process enhance the risk of internal errors, it also increases the chance of inaccurate corporate reports.
No Scalability
Perhaps you have a successful handle on paying your staffers now. However, as your business begins to take off and grow with new opportunities, you can quickly find yourself (and your payment methods) struggling to keep up with the additional volume. Outsourcing your payment procedure instantly delivers scalability to your internal processes. Your chosen partner will have the resources needed to stay ahead of your growth so you enjoy uninterrupted payment services at all times.
Lack Of Integration
Managing any of your internal functions yourself can often mean that various departments simply don't "link up." Your HR, finance, sales, payroll and other key data often exist as an independent entity. Integration between any of your department requires extensive time and committed resources, both of which you probably don't have. A professional partner will not only manage your payroll function, it will also have the capability to integrate the data throughout your organization so relevant staffers have access to the information they need quickly and easily.
Non-Compliance
Perhaps the biggest payroll mistake made by executives of start-ups is non-compliance. Having internal employees means meeting a litany of federal and local mandates. Most business owners don't have the insight (or time) needed to effectively stay on top of compliance requirements, which can, and do, change often. A non-compliant business can incur fines and penalties, costing a company precious time and money. Using a professional team to manage your payroll results in seamless compliance for your organization.
Contact The Payroll Company Today
Contact The Payroll Company today to learn more about our online payroll services and solutions.
This post was originally published at http://www.payrollcompany.biz/use-professional-online-payroll-services/

Partner With Temp Agencies In Madison WI

Temp Agencies In Madison WI: Project Staffing

Many small business owners don’t tap into the benefits offered by temp agencies in Madison WI when trying to staff short-term assignments and projects. However, entrepreneurs that have utilized staffing agencies for shorter engagements soon realize that the many benefits this type of employment partnership offers. An experienced firm offers impressive advantages including:
Expertise
Staffing a specific project means you could spend countless hours ramping up for your hire. A staffing firm already has all the insight and experience needed to successfully manage your opportunity. Best of all, they can take the task off your internal human resource department so they can focus on other critical company needs.
Broader Talent Network
As a small business owner, your talent reach can often seem limited. A staffing firm has already established relationships with an extensive candidate pool so you have access to the very best in your industry.
Cost Savings
Many employers are surprised that temp agencies in Madison, WI can actually save them money. Hiring a full-time internal resource means expenditures in both compensation and benefits. However, a dedicated recruiting team can fill short-term projects and gigs without incurring as many full-time expenses for your organization. Additionally, you won't have to spend marketing dollars advertising your open positions. Your talent team will manage that for you.
Risk Reduction
Bringing on internal employees brings with it a certain amount of risk to employers. Staffing firms minimize your hiring level of risk. The employees report to you; however, they are technically the responsibility of the staffing firm. You are not liable for taxes, unemployment claims, workers compensation or any other employer responsibility.
Optimal Flexibility
Using temp agencies in Madison, WI delivers maximum flexibility for all of your hiring needs. You decide when you have requirements as well as how many hours needed on a specific project. Once your need or mutual contract has ended, you simply alert the company. In short you can utilize their services as often or as little as you need without penalty.
Connect With Staffing Specialists At The Payroll Company
Are you ready to learn more about teaming with a professional staffing firm in Madison WI? Contact us today. The Payroll Company's experienced recruiters will partner with you to understand your specific hiring needs and create a customized staffing solution for your business.
This post was originally published at http://www.payrollcompany.biz/partner-temp-agencies-madison-wi/

What Is Human Capital Management Software

What Exactly Is Human Capital Management (HCM) Software?

If you're running a company of any size, you may have heard the term human capital management (or HCM) software. However, you may not know that HCM is far more than just the latest business buzzword. This technology application has proven an invaluable resource for organizations in virtually every industry. Understanding what HCM is and what it offers can help you determine if it could strengthen your corporate operations.

Human Capital Management Software: The Basics

By definition, HCM software refers to a system designed to help business owners organize, manage, and maintain both its employees as well as its processes. This type of program falls under the enterprise software category and takes the place of individual systems running throughout an organization. If you're currently working on separate databases throughout each department in your business, an HCM program may provide an ideal, streamlined solution. A comprehensive application will easily integrate into your organization and deliver a centralized location for data storage, analysis, and reporting. Time sheet management, payroll, productivity, and paid time off are just some of the many functions this impressive system coordinates.
Not only does an HCM software solution consolidate needed technology in your organization, it also grants easy access to the data your employees need. Employees are given programmed permission to only see the information that pertains to their work function. After an initial training, your team will know how to make requests, input data, and extract necessary information for themselves. Most importantly, everything entered is accessible in real time. This eliminates process bottlenecks and keeps your business processes running as smoothly as possible.
Legal compliance marks the biggest potential benefit employers receive from a human capital management software solution. Tax laws and regulatory mandates continuously change, forcing business owners to spend precious time keeping up with the latest requirements. A well-designed system not only automates processes, it evolves and updates with every changing legal entity. You and your team will be directed by the system to address changes, keeping your business compliant at all times for the ultimate peace of mind experience.
The Payroll Company can cover all of your HCM needs. For more information on HCM integration, contact The Payroll Company today.
This post was originally published at http://www.payrollcompany.biz/human-capital-management-software/

Build Your Business Using Human Capital Management (HCM) software

Use Human Capital Management (HCM) software To Strengthen Your Company's Future

Human capital management (HCM) software delivers a wide range of impressive corporate benefits. It's no secret that an innovative application streamlines efficiencies and provides mobile access to necessary functionality. However, entrepreneurs running organizations of every size are often surprised to realize that an HCM solution goes beyond mere productivity; these systems can strengthen operations throughout your entire organization.
Using an HCM system in your business yields extensive advantages such as:
Integrated Systems
Many companies struggle managing separate systems for each business unit and/or department. Accounting, HR, vacation schedules, and timesheets are just some of the individual applications a business can utilize to keep operations running smoothly. A human capital management software system seamlessly integrates all of these functions for a comprehensive final solution.
Ease Of Use
Older systems require staff members to log in from an onsite computer, making access difficult. Human capital management applications tout optimal accessibility, allowing staff members the ability to connect with relevant information on laptops and mobile devices. Most importantly, these systems are extremely easy to use, allowing your employees to work at optimal capacity.
Evolving Compliance
Running a business means constantly trying to stay ahead of the many rules, regulations, and mandates imposed on both a Federal and local level. Many employers find that as soon as they've mastered compliance requirements throughout various departments, the laws change. A human capital management software system automates processes and procedures as well as evolves along with the legislation. As a result, you will spend less time worrying about compliance and more time focused on generating revenues.
Empowered Employees
Separate systems for every individual process can quickly frustrate employees. Not only do many staff members not have access to the information that they need, when they need it, they also have to rely heavily on other employees in the organization to extract and analyze the data for them. A reputable vendor will train your staff on using the application so they feel confident utilizing the functions they have permission to use.
Improved Staff/HR Relations
Corporate culture and morale have a major impact on the success of any company. Encouraging staff members to use an HCM software system can actually create an upswing in the relationship between co-workers and human resources staff. No more waiting on HR's time schedule to access data or feeling like they need permission from executive staff. Having control over the data that pertains to them helps foster a solid team spirit within the organization.
More Accurate Data
Most importantly, running individual systems exponentially increases the chance for human error. Compromised information can slow production and ultimately cost you money. Implementing a human capital management system means all data is stored in one location, minimizing mistakes.
Contact The Payroll Company Today
If you're ready to strengthen your company's future with a Human Capital Management software system, The Payroll Company can help. We partner with clients to customize our solutions to enhance operations and suit their individual operational needs. Contact us today to learn more.
This post was originally published at http://www.payrollcompany.biz/build-business-using-human-capital-management-hcm-software/

Streamline Benefits Enrollment with HCM system

Tips For Successful Open Enrollment

The end of each business year typically brings with it open enrollment. This is the period of time where your employees are offered new health options and other benefit election options. While most staff members are excited to modify or update their enrollment, many HR reps struggle with the anxiety that this season brings. Plan changes can mean so many questions. Your human resource department can find educating colleagues on new processes and procedures a full-time job. Knowing some important tips to streamline your open benefits enrollment can deliver significant advantages to both management and staffers alike.

Use A Human Capital Management System (HCM)

Automating your benefits enrollment process plays a major role in the overall success of your program. Manually managing all the changes and updates throughout the organization not only proves stressful, it can also increase the odds of typos and other manual errors. The best way to ensure an efficient enrollment is to partner with a professional HCM team. A qualified provider will work with you to gauge your specific needs. From there, they can create a customized final solution that encompasses all your internal corporate language and requirements.
When consulting with your partner, consider some of the major components of your benefits enrollment so you get a perfect final fit. Some key factors to discuss include:

• Training employees on using the automated system
• Outlining data that needs to be captured
• Creating a workflow using integrated technology in relevant departments
• Developing an electronic approval process
• Planning for data management/analysis
• Automating deadlines with notification
• Appointing personnel for issues
• Sending this information to your carriers

These are just some of the many things a reputable HCM provider will discuss with your team for a fully integrated, completely configurable solution.
Educate Your Employees On Process
Once you've successfully employed technology into the process, you are ready to address the humans involved in the enrollment: your employees. For many staff members, the idea of changing benefits can feel overwhelming. While you and your staff thoroughly understand all the policies and details, it can often seem like a foreign language to everyone else in your organization. Hold several company-wide informational sessions to give them the information and answers that they need. Additionally, your HR staff should make time for one-on-one discussions with employees to ensure they understand all the fine print in any of the new policies.
Also, sometimes some of the best benefits get overlooked, simply because they aren't getting promoted enough throughout the organization. If you have some new benefits that deserve a little press, give it to them. Create a one-page sheet that you can email, hand out and even hang up in the break room to draw attention to some of your new corporate differentiators. The combination of training your employees on the technology and educating them on the updated benefits plan will make the entire enrollment experience convenient, low-stress and, most importantly, successful for everyone involved.
Contact The Payroll Company Today
Are you ready to streamline your upcoming benefits open enrollment process? The Payroll Company can help.  Contact The Payroll Company today to learn more about our customized technology solutions.
This post was originally published at http://www.payrollcompany.biz/streamline-benefits-enrollment/

Get The Most Out Of Your HCM Systems

Maximize Your HCM

Business owners in every industry sign up for a full HCM solution excited about the extensive functionality it offers…then only use it for just a few of their critical internal functions. It's a common occurrence that can prove a costly misstep. While initially it may seem too daunting to eliminate individual departmental systems and unite in a cloud-based application, a new human capital management system delivers a comprehensive range of resources that can streamline your operational efficiency in ways you never imagined possible.
As with any type of new technology, mastering your HCM system will require a slight ramp up period to ensure you optimize use throughout your organization. However, it is time well spent. Don't squander this unique opportunity to optimize data management and corporate procedures with your departmental employees. Dedicating you and your team to learning everything you need to about your system can yield several significant benefits to your business.
Why You Should Commit To Mastering Your HCM Functionality
Oftentimes, business owners implement their human capital management system; yet still keep all their other, outdated systems "functioning." This results in employees utilizing several individual tactics to perform the same tasks. Everyone managing their own processes in a silo increases the odds of error and miscommunication. Integrating your human capital management system with all of your other applications can instantly eliminate the need for independent processes. Once you've integrated and your team has received training, your internal staff will only need to access one system to perform tasks and retrieve critical data.
Additionally, integrating one single solution throughout all departments quickly grants streamlined maintenance within your business. We have all witnessed how one corporate policy change or update can translate into hours of paperwork. Your unified system can deescalate a potential interdepartmental nightmare, allowing everyone to utilize the application so changes only have to be made once.
Your HCM instantly delivers access to any changes made in real time. Individually updating systems directly translates into lag time waiting to see the information you need to perform your job. In some cases, manual updates can even get lost in a paper trail, holding operations at a complete standstill. Using a single system to manage everything offers live updates and well as sends notifications to key personnel so your operations run without interruption.
Most importantly, utilizing a universal system throughout your business means that you can quickly gather stored data whenever you need it. Individual and manual applications require spending precious time collecting information from an extensive range of resources. However, streamlined functionality grants the right people permission to view data needed for reports and analytics, both key tools used to keep your business running at maximum capacity at all times.

Work With The Payroll Company For Your HCM Needs

At The Payroll Company we understand the importance of integrating your human capital management system throughout your organization. We work with our partners to answer questions and ensure proper training for best user experience possible. Want to hear more? Contact us today for a no-risk consultation.
This post was originally published at http://www.payrollcompany.biz/get-the-most-out-of-your-hcm-systems/

Human Resources Outsourcing Benefits

Human Resources Outsourcing: Your 1st HR Department

Companies of every size need a qualified and competent human resources solution. While previous business generations relied heavily on internal employees to fill this critical need, modern entrepreneurs recognize they have another option: human resources outsourcing. Many companies, even startups, understand that as they begin to grow, human resources outsourcing can offer several operational and strategic benefits, making it an ideal way to manage all of their HR needs and requirements.

Advantages Of Human Resources Outsourcing

Knowing the many benefits offered by human resources outsourcing can help you determine if it makes sense for your organization. Using a reputable firm for your HR department offers:
Cost Savings
Many executives instantly assume that an outsourced HR team means added expenses; however many are, in fact, surprised to learn that a third party solution can actually save them money. An HR firm means you don't have to hire several internal employees. Instead, a qualified team will have a diverse experience set to deliver one-stop solutions. You may also find that you save significantly from not having to purchase more equipment, furniture, and other items often needed by internal employees.
Continuous Operations
Some business owners do keep an internal HR team, but still employ a third party team for large and/or unexpected projects. Don't risk coming to a corporate standstill every time your HR staff is faced with a major processing requirement. Hire out your needs so your internal resources can stay focused on their current top priorities.
Seamless Compliance
State and Federal regulations are always changing. There are even specific mandates based on the number of employees within your business. Once you reach a certain number of employees, you have to comply with new laws. Staying on top of these evolving requirements can feel exhausting and stressful. Using an outsourced HR team means that they will manage your compliance needs on your behalf, ensuring you stay up to date on the latest laws and processes.
Analytics
Most small to mid-sized corporations are struggling to manage bare minimum requirements; they often don't have the time needed to truly tap into the advantages of big data analytics. Additionally, some smaller companies don't have the technology resources needed to quickly mine their data. Outsourcing your needs means that your third party team will be able to quickly create designated reports; you will be able to see trends as well as what needs modification to keep your business running at maximum capacity.

Find A Professional HR Team For Your Needs

As with any outsourced function, not all providers are alike. It's critical to look for a firm that offers a team of experienced specialists. When vetting vendors, find one that offers a diverse range of capabilities. You will want to use a firm that can meet all of your specific needs. Most importantly, search for a provider that has the ability to grow along with your business to ensure you won't have to keep finding new vendors to keep up with your expanding organization.
Are you ready to learn more about outsourcing your HR needs? The Payroll Company can help. Contact the team today for a no-risk consultation.
This post was originally published at http://www.payrollcompany.biz/human-resources-outsourcing-benefits/

Benefits Of Human Capital Management Software

5 Signs You Need Human Capital Management Software

Struggling to manage the HR needs in your business? It may be time for a human capital management software solution. Using an integrated HCM system streamlines interdepartmental procedures and keeps your operations running smoothly and efficiently. Knowing the signs that you're ready for this type of technology solution can help you make an informed final decision.
Some Telltale Indicators Include:
Gut Instinct
That fact that you've started considering human capital management software is generally a good indicator that you have a valid need for it. Research the type of functionality this application offers to further gauge the validity of your gut instinct.
Your HR Team Is Stretched Thin
Your HR team is an essential resource for your entire organization; it's critical to not overburden them so they can stay focused on what's most important to your business. Have you recently noticed that they are straddling more and more functions to keep your company moving at maximum capacity? An HCM software solution could quickly free up precious time for them to move back to their core functions.
Compliance
A human resources department spends a great deal of time maintaining or attempting to maintain compliance for your business. Meeting mandates is, well, mandatory. Missing critical requirements can mean fees and penalties for your organization. Don't risk a compliance error; your automated HR system will house all the data you need in one centralized location so you can access it quickly for compliance documentation.
Benefits Management
Employee benefits can prove a full-time job, even in smaller organizations. Your internal team can find themselves in a constant cycle of documentation updates and distribution. Automate your process with an HR system to quickly eliminate pressure off of your benefits staff.
Cost Tracking
Running your organization often means not having time to dig into the details of the day-to-day expenses. Some entrepreneurs simply don't have the time needed to sift through various individual databases to glean the data they need for spending trends and upswings. A human capital management software system houses everything in one place; you can quickly run reports to see where your money is going, identify unnecessary costs and make changes needed to operate more efficiently.
The Payroll Company can help you find the perfect HCM software fit for your business. Contact us today to learn more!
This post was originally published at http://www.payrollcompany.biz/benefits-human-capital-management-software/

Use Professional Payroll Processing Services

Can Your Payroll Service Provider Handle Your ACA Reporting?

The Affordable Care Act marks a host of health insurance reforms and mandates with specific requirements on business owners. The current laws have distinctive requirements based on size of your organization. Some of the employment mandates pertain to:

• Self-employed individuals
• Less than 25 employees
• Less than 50 employees
• More than 50 employees

Oftentimes, business owners falling into these specific employment categories find the best way to ensure ACA compliance means hiring a third party payroll processing services firm. However, once they begin their search they quickly realize that not all payroll processing services vendors are alike. Knowing what to look for in a qualified provider can ensure compliance at all times for your business.

Payroll Processing Services Firms: Streamlined Solutions

The most important thing to look for in a professional payroll processing team is the use of one system to manage all of your HR/payroll needs. Some executives utilize several individual systems throughout their company, with subpar results. Gathering data from different applications can prove a major waste of time. Additionally, scouring through separate systems increases the opportunity for error. It is critical to find a payroll processing team that houses all of your critical information in one universal system that can be integrated interdepartmentally.
Working with a firm that keeps your data centrally located exponentially improves your ACA compliance process in a wide range of ways. First, this type of application offers real-time data to personnel with permission to view it. They can quickly access current information as well as receive notifications about changes real time. Additionally, having one system means that your employees can directly update their files as needed. No longer will they have to visit HR and wait for changes to get made. Instead, they can modify their records and instantly update their specific compliance requirements in the process. Most importantly, having a payroll processing services firm with one system means that they can quickly run reports and documentations substantiating your compliance as needed.
Not sure if your professional payroll team can handle your ACA reporting? Contact The Payroll Company today for a free consultation with one of our experienced specialists.
This post was originally published at http://www.payrollcompany.biz/use-professional-payroll-processing-services/

HCM's Boost Corporate Morale

Four Ways Your HCM Will Boost Employee Morale

Employers everywhere, and in every industry, have learned firsthand the many benefits offered by an HCM (human capital management) system. A well-appointed automated system integrates seamlessly within various department resources. As a result, business owners instantly enjoy optimal efficiencies throughout their organization.
While the advantages to entrepreneurs are well known, many executives don’t realize the many benefits an HCM system delivers directly to their employees. Providing a human capital management system to your staff members streamlines a host of procedures, making employees' business lives infinitely easier. In many cases, companies with a human capital management system actually feel like their organization has seen an improvement in morale.
How can these highly functioning systems boost the mood at your company? An HCM offers key benefits to employees, such as:

1. Employee Empowerment:
   Companies without an automated human capital management system often require employees to rely on others to make key changes to their data and files. However, a human resource database immediately enables staff members to manage many internal processes. Once the system has been installed, your team will be able to initiate functions such as time-off requests, changing tax status, and even updating data in their personnel files. Putting workers in charge of these functions bolsters a sense of empowerment throughout your organization.
2. Minimizes Wait Time:
   Waiting for updates and information flow can quickly dampen the mood at any sized business. Updating your human resources functionality can minimize overall wait time. Staff members gain access to various pieces of the database. They have the ability to log in and make any necessary changes as well as read details about different company policies, employment requirements, etc. Having admission to important information means that they no longer have to wait for answers from busy co-workers, instantly reducing overall wait time and allowing for enhanced efficiencies throughout the organization.
3. Reduced Margin For Error:
   Empowering your staff means granting them more responsibility and accountability. This is typically a good thing. Not only will your team have greater control over their daily working routines, your automated system also minimizes necessary communication throughout various departments, quickly reducing the margin for error. Individual workers become responsible for their own schedules and will take the time needed to process various functions through the system rather than relying on others who may make manual mistakes, or overlook requests completely.
4. Instant HR Upgrade:
   Many employers find that their automated HR system enhances the overall vibe throughout their human resources department. Manual systems can leave human resource personnel overworked, and stressed, which often bleeds into their interactions with co-workers. However, having a proficient automated system delivers an instant HR upgrade. When workers do need to communicate with human resource administrators, your staff will have the bandwidth needed to be available and attentive.

Contact The Payroll Company Today
Ready to learn more about optimizing efficiencies with a human capital management system? The Payroll Company can help. Contact the team today for a no-risk consultation about your current HCM needs.

This post was originally published at http://www.payrollcompany.biz/hcms-boost-corporate-morale/

HCM Software Automates Onboarding

Use HCM Software To Automate Employee Onboarding

Employee onboarding can feel like a taxing and overwhelming process, for both the HR resource and new team member alike. Often wrought with extensive paperwork and reading, onboarding can prove draining, setting a sluggish tone and overall impression that the new worker has for your organization. Fortunately, this does not have to be the case. Many HR departments, of every size and scope, have discovered the many benefits offered when using HCM software to automate the employee onboarding process.

Benefits Of Using HCM Software With Your New Coworkers

Using an automated HCM software solution with your new hires instantly gets the process off on the right foot. Rather than taking countless hours to manually work through a seeming mountain of paperwork, your integrated application allows employees the opportunity to fill everything out on their computer. This offers a multitude of benefits throughout the process. First, you and the new hire will be able to get through the process more quickly, freeing up critical bandwidth for each of you. This can prove crucial for candidates anxious to get matriculated and hit the ground running with their new position.

Additionally, having an automated onboarding system demonstrates that your company embraces cutting edge innovation as part of its corporate culture. Companies with manual processes can instantly seem dated and obsolete. However, your technology solution gives your organization a competitive edge, and can even be used throughout the recruiting process to encourage prospective candidates that your business stays ahead of trend.

Finally, using an automated software solution for your onboarding process instantly grants access to relevant information to all new hires. You can have permissions allocated for them before they start, so the system is ready and waiting for them on their start date. Not only will they be able to quickly sign up for the right benefits, tax information, and other key programs, they will also begin their time with your company having knowledge on how to use your system. This onboarding training is something that they can use throughout the tenure at your organization to modify and change data as needed.

Want to hear more about automating your onboarding process? The team at The Payroll Company can help. Contact us today for your no risk consultation.

This post was originally published at http://www.payrollcompany.biz/hcm-software-automates-onboarding/

Install HCM Software In Your Office

HR Department Of One? HCM Software Can Help!

Managing an entire Human Resources department on your own can feel like a tall order. However, the task is not insurmountable. Many successful HR solo artists put together a plan to effectively manage their department and eliminate potential workflow gaps that hinder operations.
Ready to put together an efficient strategy to manage your HR department alone? Consider these important tips:

Tip 1 - Implement Human Capital Management Software

Just because you're a team of one doesn't mean you shouldn't tap into relevant HR tools for assistance. Human Capital Management Software is a perfect place to start. A well-appointed HCM system will deliver a slew of functions and a wide range of ways to automate procedures that you currently have to manage manually. Your Human Capital Management Software solution will provide easy access to personnel records, evaluations, employee benefits, and even payroll data. You will be able to update and change as needed throughout your organization, with just a few clicks of a mouse.

Tip 2 - Stay Informed
Another major benefit offered by an HCM system? Up-to-date information. Human resources information is constantly changing, both on a local and Federal level. Never again will you have to worry about manually going through each individual file; your HCM application will instantly update and make necessary changes throughout your system, freeing up your time for other critical processes.

Tip 3 - Share Access As Needed
Best of all, a relevant HCM application means that you don't have to do all the HR heavy lifting on your own. Your automated system will allow access to relevant information to employees throughout every level of the organization. No longer will you have a line outside of your door waiting for requests and responses. You will have officially empowered colleagues to manage their own needs within the system, and you can respond as needed.

Consistent communication is probably the best tool when managing an HR department on your own. Staying in constant communication with workers and managers will help you understand their specific needs and requirements, as well as establish your credibility as a viable resource for them. Allowing them a chance to get to know you, as well as what your specific role is, can deliver an invaluable advantage when coordinating successful initiatives and efforts. Want to learn more about automating your current HR system? Contact The Payroll Company today.

This post was originally published at http://www.payrollcompany.biz/install-hcm-software-office/

Use Staffing Agencies In Madison WI

5 Reasons To Use Staffing Agencies In Madison, WI

Partnering with staffing agencies in Madison, WI can streamline hiring efficiencies for organizations of every size and scope. Still, many business owners in the region attempt to manage their staffing needs internally. This can prove a dire miscalculation. Internal recruiting can quickly exhaust employee resources, leaving your organization vulnerable without appropriate manpower to complete projects and initiatives.

Why You Should Outsource Your Hiring Needs

If you're still struggling with whether to outsource your staffing needs, you're not alone. Knowing the critical benefits offered by staffing agencies in Madison, WI can help you decide if it’s the right choice for you.

A professional recruiting team offers:

1. More Bandwidth For Existing Staff

Using existing employees to recruit for your organization takes them away from critical, core functionality within the business. Employing a dedicated team of professional recruiters means handing your needs over to a trained staffing expert, instantly granting more time to your team members to focus on what they were originally hired to do.

2. Top Quality Candidates

Business owners in every industry notice the quality of candidates improves when working with staffing agencies in Madison, WI. Why? Because these professional firms have access to both active and passive talent resources. Your internal recruiters will likely only view candidates currently seeking employment. However, an external firm will know how to reach top candidates who may not be job hunting…yet.

3. Less Time Interviewing Prospects

A quality firm recognizes that hiring managers don't place focus on overall candidate activity; instead, they want to only see prospects that truly fit the opportunity. Your internal recruiters may bring in as many applicants as possible to prove that they are working hard on filling your requirement. However, a seasoned outside hiring professional will only coordinate interviews with the best possible matches, saving you time and energy throughout the process.

4. True Hiring Partnership

A leading staffing firm goes beyond mere order-taker and transforms into long-term partner. This means getting to know relevant data about your organization, corporate objectives, and future vision. Armed with this critical information, your provider will be prepared to find ideal candidates who not only match your skill requirements, but also have a solid understanding of the position to hit the ground running once they are hired.

5. Guarantee Periods

Most importantly, leading staffing agencies in Madison, WI don't just source the best candidates; they also stand behind their work. When screening various firms to partner with, ask them about their guarantee periods before moving forward with the assignment. Offering a consistent guarantee on candidates is how these firms will build your trust and prove that they only provide thoroughly screened applicants for your positions.

Contact The Payroll Company Today
These are just a few of the many reasons why a professional staffing firm makes sense for business owners in every field and niche. If you are tired of spinning recruiting wheels using internal resources, The Payroll Company can help. Contact our team today to discuss your hiring needs and overall staffing vision.

This post was originally published at http://www.payrollcompany.biz/use-staffing-agencies-madison-wi-2/

Offering A 401K Fund To Employees

401Ks Aren't Just For Big Companies

Many small business owners assume that offering 401K plans is something only big companies can afford. However, offering your employees a retirement savings plan can yield some impressive incentives for you as well. Launching this type of savings plan offers your small business significant benefits that should not be ignored.

Why You Should Consider This Type Of Employee Retirement Savings Plan

Having a 401K plan means that you get to participate. You can enroll in the plan and contribute to your fund throughout the year. Everything that you put into your account is deductible from your employer income. Additionally, you are not taxed on employee contributions until they are dispersed to them directly (not including any ROTH contributions).
You get to set the contribution limits of your plan. Your retirement fund advisor will partner with you to understand what makes most sense for your organization. Higher limits enable both you and your staff to save as much as possible during these critical earning years. Also, staff members age 50 and over can further contribute so they can "catch-up" to younger participants. Once again, your advisor will put together a compliant plan for these employees.
As a small business owner there are other incentives to consider with this type of savings plan. Many entrepreneurs find that they can claim a tax credit for the setup costs associated with various retirement plans. The general rule is the claim equal 50% of setup/administration costs and then up to $500 every year for the first three years the plan is implemented.

Partner With An Experienced Retirement Plan Advisor

The most important thing to consider when implementing a savings plan is that you should not have to settle for a one-size-fits all approach. An experienced retirement fund advisor will create a customized savings plan based on your company needs. Your provider should outline the specifics of the 401K strategy as well as include an after-tax Roth component to give you and your employees a personalized final solution.
For more information about offering retirement savings at your small business, contact The Payroll Company today.

Choose Human Resources Outsourcing

Human Resources Outsourcing: Know The Differences Between A PEO & HRO

Successfully running your organization means finding the most effective way to manage your employees' needs. As your company grows, you may want to consider outsourcing your HR functionality. For many employers, partnering with an outside vendor means choosing between a Human Resources Outsourcing (HRO) provider or a Professional Employer Organizer (PEO). Not sure which one makes most sense for your business? Knowing some key distinctions can help you make the right choice.
PEO Basics - A Professional Employer Organizer essentially hires your employees directly. Acting as a co-employer for tax purposes, a PEO often offers a comprehensive portfolio of capabilities to perform on behalf of your business. Anyone you hire will receive HR benefits, payroll, workers' comp and other services directly from your chosen PEO.
HRO Basics - Unlike A PEO where you have to form a joint employment partnership, a Human Resources Outsourcing firm is an independent entity that manages specifically outlined business services on behalf of its clients. A reputable team will offer scalable services that can be customized to suit each individual organization's needs, without having to pay for offerings that aren't utilized.

The Benefits Of Using An HRO For Your Business Needs

An HRO firm delivers several distinctive advantages over its PEO counterparts. A PEO firm can often feel restrictive and too all-inclusive for business owners looking for customization and flexibility. Additionally, a HRO team assumes a true partnership with business owners. Human Resources Outsourcing companies specialize in keeping their clients' organizations compliant at all times. An effective HRO will offer company advisors and extensive resources to ensure their partners understand how to meet required standards with employees throughout all levels of the organization.
Most importantly, contracting with a PEO means your corporate name and employees fall under their company, potentially hindering your brand recognition, exposure, and loyalty. An HRO remains a separate vendor at all times. As a true partner, an HRO will expand its services offerings to your business as you need it, without hindering brand growth.
For more information on partnering with an HRO team, contact The Payroll Company today.

Prep For Payroll Processing Services

Ready To Use Payroll Processing Services? Know How To Prep For Setup

Partnering with a new payroll processing service yields a long list of benefits for businesses of every size. Automating your payroll reduces manual errors, offers integration with other key systems, and ensures your business stays compliant with local and federal tax regulations. Despite the impressive return on investment, starting the process can (understandably) cause some rookie jitters. Many entrepreneurs find themselves worrying about what information they will need as well as what type of documentation they will have to present during their organization's setup.
Some business owners avoid using payroll processing services altogether simply because they're unsure of the setup process. This results in wasting time with manual, inefficient methods. Don't avoid these critical capabilities for your business. Knowing how to best prep for the setup can minimize stress and get your organization on the road to automation as quickly as possible.
New Businesses
New business owners rejoice – setting up your payroll processing services is easier for you than your longer-tenured counterparts. Why? Startups without any payroll history won't have to provide documentation on previous employee payments. Instead, your provider will be able to get your business up and ready quickly.
Established Businesses
Established business owners can also enjoy a streamlined setup process as long as they come prepared with a few key pointers. If you are changing over to an automated system during a year when you've already paid your staff, you will need to present your vendor with payroll history. This information will enable them to file important documents such as your 941, 940, and all of your W-2s when the year closes.
When putting together your payroll history, you will also want to compile other important information to share with your provider. State laws and requirements may vary, so presenting as much data as possible will help your payroll processing services partner keep your business compliant with the regulations that pertain specifically to your organization.
You will want to give your vendor all EIN Numbers affiliated with your organization. Additionally, you will also want to include all earnings, deductions, and taxes for employees paid in the year. Providing copies of quarterly reports, all tax IDs, banking information, and employee demographic data will also give your vendor everything needed throughout the setup process.

Find The Right Partner For Your Payroll Processing Requirements

Partnering with the right payroll processing services company can make the biggest impact on the overall setup process. An experienced provider will customize the final solution based on your company needs, ensuring you have a scalable system that doesn't flood your business with unnecessary features. Once you've established your specific requirements, your vendor should walk you through the payment procedure to eliminate data gaps and keep your payroll system running as effectively as possible, for both you and your employees.
Want to hear more about automating how you pay your employees? We'd love to hear from you. Contact The Payroll Company today for a no-risk consultation.