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/