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  • Upcoming Tax Period and Important Dates for 2024 taxes

    Upcoming Tax Period and Important Dates for 2024 taxes

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    Is your business ready for the upcoming tax season? 

    As the calendar year comes to a close, companies of all sizes must begin to plan for the tax season. Although filing taxes isn’t the most thrilling part of running your business, it is an important part that helps you stay compliant with tax laws and manage your finances efficiently. 

    10 Key Tax Deadlines for Businesses

    Mark these important dates in your calendar so you do not miss them:

    January 16, 2024:

    Fourth quarter 2023 estimated tax payment due.

    If you file your 2023 return by Jan. 31, 2024, and ensure that your entire balance owed is submitted with that return, you do not have to make the Jan. 16 2024 payment.

    January 31, 2024:

    Employers need to send W-2 forms to their employees.

    The W-2 form is a commonly used tax document prepared by the employer for their employees, displaying the complete earnings and tax deductions for an employee throughout the calendar year.

    January 31, 2024:

    Send 1099 forms out.

    If you are using the form 1099 to report payments to independent contractors, you must also correctly classify your workers as employees or independent contractors.

    February 28, 2024:

     Report employee ISO exercises.

    Form 3921 must be filed by mail. This form is required for all corporations that have employees who exercised incentive stock options (ISO) during the financial year. Each employee who exercised an ISO must file a separate form 3921. 

    The date is extended to April 1, 2024, for filing electronically.

    March 15, 2024:

    Taxes due for partnerships, multi-member LLCs, and S-Corporations.

    If your business falls under the above categories, mark your calendars for March 15th. This is the deadline to file forms 1065 or 1120S.

    April 15, 2024:

    Taxes due for C-Corporations.

    If your business runs on a calendar year, you need to file a form 1120 as a C-Corporate by April 15th, 2024.

    May 15, 2024:

    Return of Organization Exempt from Income Tax.

    As a tax-exempt organization, you have to file your form 990 by May 15th, 2024. If you need an extension, you can file form 8868 by November 15th.

    September 16, 2024:

    Deadline for Extended Partnership and S-Corporation Returns.

    In case you have filed for an extension, you have until September 16th to submit your completed partnership or S-corporation returns and also this is the deadline for estimated tax payments as well.

    October 15, 2024:

    Deadline for Extended C-Corporation Returns.

    C-Corporations with extensions have until October 15th to file their completed returns.

    January 15, 2025:

    Tax payment due in the fourth quarter of 2024.

    This is your last estimated quarterly tax payment due in 2024. If you decide to pay your entire tax liability from your previous tax year, any outstanding taxes will be due at the time you file your 2024 Individual Tax Return by the April 2025 due date.

    Final Words

    It is important to remember that the most effective way to prepare for tax season is to begin planning ahead of time, maintain a well-structured workflow, and make the most of available resources. With these tips in mind, you can approach the tax season with peace of mind.

    Furthermore, if you are in need of expert support for State(s) and Federal withholding tax filing, deposits, HR, compliance, or related services, we are here to help. Contact us for your outsourcing needs. For more in-depth information, browse through our additional blog content.

    Reference Links

    https://turbotax.intuit.com/tax-tips/tax-planning-and-checklists/important-tax-deadlines-dates/L7Rn92V1d

    https://www.taxfyle.com/blog/important-2024-tax-deadlines-every-tax-deadline-2024-tax-season-irs-income-tax-for-the-2023-tax-return-year

    https://carta.com/blog/business-tax-deadlines/ 

    https://www.irs.gov/charities-non-profits/political-organizations/exempt-organization-filing-requirements-form-990-due-date 

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  • Year-End Financial Checklist and Services to Review before Welcoming 2024

    Year-End Financial Checklist and Services to Review before Welcoming 2024

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    Have you secured a financially sound year-end for your business before moving into 2024? As the calendar year draws to a close, businesses should start preparing for the upcoming tax season. A lot seems to have changed in the past 12 months economically, especially the burden of inflation going down. 

    But, how has all of this affected your business?

    Taking proactive steps now can not only help to save money in the long run but can also reduce stress in the future. To assist businesses in preparing for the new year, here is a financial checklist of the most important steps to take before entering 2024.

    Tick Off These 5 Things on Your Year-End Financial Checklist before Entering 2024

    Here are 5 important points in your financial checklist to look into before ending the year:

    Partner Agreements: When was the Last Time You Reviewed Them

    Partnerships are the backbone of many successful businesses. However, as circumstances change, so should your partnership agreements. If you have a partnership agreement, it is a good idea to review it every year to see if there are any changes to the laws or taxes that need to be taken into account.

    You should also review it every time one partner leaves or a new one joins the business. Take the time to review and update the agreements, ensuring they reflect the current state of your business and the responsibilities and expectations of each partner.

    Key Man Insurance Policy: Is it Up-To-Date

    Key man insurance is vital to safeguard your company from the financial repercussions in case of the loss of a key employee. If it has been some time since you last reviewed your key man insurance coverage, now is the appropriate time to review it.

    Ensure that the coverage amount remains reasonable and the key individuals specified in the policy are accurately reflected. For instance, review the following information: The number of insured employees, the amount of coverage each employee is entitled to, and whether the employee has consented to the policy.

    Retirement Plans: Have You Reviewed Them Lately

    When it comes to employee benefits, retirement plans are one of the most important things you can do to attract and retain top talent. Take a look at your 401(k), 403(b), and other retirement plans to see if they are competitive and meet your employees’ needs.

    Additionally, review the life insurance coverage, to ensure that they are competitive, meet the requirements of your employees, and are cost-effective. Remember to review other benefits that raise employee morale like disability insurance, paid time off, employee recognition and rewards, etc.

    Business Loans and Credits: Are Your Repayments On Track

    With interest rates and the economy going up and down, it is a good idea to take a look at your business loans and credit. See what the terms are, what the interest rate is, and what the financial impact is of these loans.

    In addition, look for ways to re-finance or change terms to better fit your business objectives. Consider alternative options of financing, including lines of credit and equipment financing, as well as merchant cash advances, to better match your business requirements and cash flow cycles.

    Cost of Services: Are They Optimized

    Conduct a thorough analysis of your business expenditure. This may include office lease renewal costs, telephone costs, credit card costs, and other services that are essential for running your business.

    You can identify areas of expenditure that can be reduced without compromising on quality or productivity. Consult with vendors and look for alternative vendors to optimize your expenditure.

    Final Words

    As the end of the year approaches, it is essential to take the necessary steps to protect your business from financial uncertainty and to prepare for a more organized and successful future. 

    The end of the year is not just a time to reflect. It is also a time to prepare for the future. Do not wait until it is too late

    Moreover, for better planning and strategy for the upcoming year, you should consult a financial advisor. In case you are a company in search of HR, employee benefits, and compensation services, contact us. You can also check out our blog section to find more related articles. 

    Reference Links

    https://www.cavanaghkelly.com/news/the-importance-of-having-a-written-partnership-agreement#:~:text=Ideally%20partnership%20agreements%2C%20like%20wills%2C%20should%20be,or%20a%20new%20partner%20joins%20the%20business.

    https://lattice.com/library/what-are-employee-total-rewards-and-why-should-your-company-implement-them

    https://use.expensify.com/resource-center/guides/end-of-year-financial-checklist-for-small-businesses

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    Fill out the form below and we will contact you to schedule a chat.

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  • Who is in Control of My Data? Employer or Employee

    Who is in Control of My Data? Employer or Employee

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    Did you know that as an employer, you have the legal right to keep an eye on emails you send and receive on your company’s system? This includes both work-related and personal emails. Under U.S. law, emails you send or receive on a company’s system are owned by you. 

    However, misusing or disclosing such data may lead to severe repercussions. While most employers are not HIPAA-covered entities, other laws may apply. For instance, ADA and GINA require businesses to separate medical information from an employee’s personal file.

    So, let’s find out how you can use your employee’s data responsibly and protect it as per laws.

    6 Strategies to Ensure Employee Data Protection in the US

    Here are six informative strategies to use your employee data in the US responsibly:

    Implement and Enforce Strong Cybersecurity Policies and Procedures

    Every state in the U.S. and Washington DC, Guam, Puerto Rico, and the Virgin Islands has laws that require companies to inform individuals of any security breaches involving personal data. Therefore, know what and whose data are collected, and where you are storing it. Have policies that include a data protection plan and implement specific security measures.

    This includes having a written cybersecurity policy that covers all aspects of data access, storage, and disposal. Moreover, you should train employees on the best practices for cybersecurity, such as how to spot phishing emails, create strong passwords and avoid common security pitfalls.

    Limit Access Based on Requirement Only

    Only people who need to get their hands on sensitive information (like HR staff) should have access to it. Make sure you set up security protocols like multifactor authentication and check your security measures regularly.

    You can also use encryption to convert data into a format that cannot be read without the proper decryption key. This stops cybercriminals from accessing employee data, even if they are able to breach a company’s systems. Furthermore, review who is having access to confidential data periodically and determine whether all access is allowed and necessary.

    Implement a Data Loss Prevention (DLP) Solution

    A DLP solution can help to prevent employee data from being accidentally or deliberately leaked. It works by monitoring employee activity and blocking any attempts to transfer data outside of the company’s network without authorization.

    DLP solutions can be deployed on endpoints, networks, and cloud applications to monitor and control the flow of data. Also, educate your employees about the DLP solution. Employees need to understand why the DLP solution is in place and how to use it properly.

    Regularly Back Up Employee Data

    Regular data backups can help to protect employee data from loss or corruption in the event of a disaster, such as a cyber-attack or natural disaster. Backups should be stored in a secure location that is separate from the company’s primary network.

    It is also essential to test these backups on a regular basis and ensure that they are functioning properly. If a backup becomes corrupted, the data recovery specialist can assist in recovering the important data.

    Conduct Regular Security Awareness Training for Employees

    Employees can be the weakest link in a cybersecurity chain, so you must provide them with regular security awareness training. This training can cover topics such as social engineering attacks, phishing scams, and password security.

    Furthermore, train your senior management to foster a security-focused culture that places employee data protection at the center of all operations and processes.

    Final Words

    In essence, the responsibility of employee data protection lies at the intersection of employer and employee interests. While employers have the legal right to monitor and safeguard this data, they must do so within the boundaries of relevant laws and regulations. So, by adopting the necessary protection strategies, as discussed, your company can foster trust and a better working environment for employees. So, if you are looking for reliable services related to compliance, payroll, and HR with all of these practices ensured, contact us. 

    Also, do not forget to check out our other blogs.

    Reference Links

    https://www.worktime.com/most-asked-questions-on-us-employee-monitoring-laws#C7 

    https://www.techtarget.com/whatis/definition/employee-privacy-policy

    https://www.unitedconcordia.com/business-services/employers/blog/data-ownership-in-the-workplace-who-owns-what

    https://www.rippling.com/blog/employee-data-protection

    https://www.uschamber.com/co/run/human-resources/how-to-protect-employee-privacy

    https://www.upwork.com/resources/employee-data-protection#back-up-data 

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  • How to Create an Inflation-Proof Business in 2024?

    How to Create an Inflation-Proof Business in 2024?

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    Have you taken the necessary actions to protect your business from the present high inflation? The current economic climate in the US is unpredictable, with inflation at a 40-year high.

    This can be difficult for businesses to stay afloat, let alone flourish. You might have to spend more money on staff, and other company operations. Moreover, the cost of raw materials may increase along with lower availability.

    Nevertheless, there are a few things that you can do to create a more stable and invulnerable business.

    6 Ways to Inflation-Proof Your Business in 2024

    Here are 6 tips to create an inflation-proof business in the upcoming year:

    Find an Essential Industry/Market

    Despite inflation, there are several products/services with continuous demand, such as healthcare, medicine, food, utilities, etc. So, you need to look for an industry or market that is not as susceptible to inflation as the rest.

    In case your business does not fall under such a category, use the inflation time to create multiple revenue streams. That way, should one component of your business miss the mark, you can always count on others to generate income.

    Adapt Automation

    If you have not already implemented automation in your business, this would be the right time. Inflation can result in increased labor costs. Therefore, you should cut that down as much as possible.

    Moreover, automation can help improve customer service by cutting down on mistakes and making operations more efficient. That means more speed and accuracy, which is a huge plus for customers. It will also allow employees to dedicate more time to strategic value-added activities, which will benefit the business and enhance employee retention.

    Identify Areas of Cost-Cutting

    Inflation can affect your business in multiple ways, both expected and unexpected. Therefore, you must be prepared to cut down several present costs and ensure that your operations still run without hiccups. 

    By identifying operational inefficiencies, you can eliminate redundant roles or restructure for substantial cost savings. Additionally, you can stop autopay payments and have more control over payment timing. Lastly, be transparent with your staff if you need to cut back on pay or benefits.

    Consider Outsourcing and Remote Hiring

    Hiring personnel is an expensive business but you cannot compromise with the quality of employees. Therefore, a good way to deal with this issue would be to outsource operations like accounting, administration, and HR and create an efficient business model. HR and payroll outsourcing solutions like PEO can be a huge cost savings for businesses while providing a high level of service.

    In fact, hiring staff through remote work and outsourcing has proven to be a great solution for businesses, especially during times of financial hardship, such as the Covid-19 pandemic. Additionally, you can utilize modern technology to facilitate remote working for your team.

    Implement Dynamic Pricing

    Dynamic pricing is a way for your business to keep your margins up even during times of inflation. This way you can adjust prices in real time, depending on demand and other things. To beat the inflation effect, you should think about raising prices and saving what you can.

    Rather than raising prices all at once, try to increase your prices based on demand and supply issues. This way, you can maintain your customer relationships and still make a profit.

    Diversify and Maintain Your Supply Chain Network

    Disruptions in the supply chain are inevitable during inflation, not just in the US, but globally. However, you can take a few precautionary measures to stay on top of the game. Having the inventory your company needs to function is one of such important measures. 

    Therefore, you must strengthen existing supplier relationships so you get priority if a disruption occurs. Also, audit high-value suppliers to ensure they have sufficient scale, geographical redundancy, and downstream connections. Add replacements where necessary.

    Final Words

    During this time of unprecedented levels of inflation in 2024, it is important for businesses to adapt and ensure their resilience and growth. So, to establish an inflation-proof business, you can consider the above-mentioned strategies like prioritizing essential industries, adopting automation, exploring outsourcing and remote recruitment, and more.

    With the right move, your business can effectively navigate economic uncertainties. So, for professional assistance with HR, compliance, or related services, for your outsourcing needs, do not hesitate to contact us. 

    Additionally, if you are looking for more information related to this, check out our other blogs.

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    Reference Links

    https://www.wishup.co/blog/6-strategies-to-help-small-businesses-combat-inflation/

    https://www.netsuite.com/portal/resource/articles/financial-management/deal-with-inflation.shtml 

    https://www.entrepreneur.com/money-finance/4-ways-to-protect-your-business-from-inflation/422673

    https://www.americanexpress.com/en-us/business/trends-and-insights/articles/7-ways-small-businesses-owners-can-cope-with-inflation/

    https://economictimes.indiatimes.com/markets/stocks/news/inflation40-year-high-this-treasury-head-highlights-4-reasons-why/articleshow/92144329.cms 

    https://www.dubuquebank.com/business-insights/inflation-proof-business

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • How to Use Technology and do Less with More in Your Small Business?

    How to Use Technology and do Less with More in Your Small Business?

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column _builder_version=”4.9.3″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.9.3″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

    How to Use Technology and do Less with More in Your Small Business?

    Are you willing to leverage technology to reduce quality issues and boost productivity in your small business?

    If you own a small business or a start-up venture, use technological innovations that play a key role in driving business success. You can smoothen workflow and create efficient operations by leveraging right tools and technologies. It save ample time and money and allows you to focus on the other aspects of the business.

    Keep reading the write-up to learn how to use technology to transform traditional processes and approaches into something more efficient and enhance workflow.

    5 Unique Ways to Leverage Technology in Your Business

    We are amidst a rapid digital transformation where businesses use new and advanced tools and technologies to ensure growth, innovation and differentiation within a competitive market structure. It has pushed the need to use modern technology so that companies become agile and develop efficiently.

    Let us find out the 5-unique ways to leverage technology in your business and work in a professional manner.

    Using Project Management Tools

    Avail project management tools, the most essential and profitable small business technologies available today. These tools helps in boosting productivity and increases revenue to your business. A project management software provides you with a range of tools that include:

    • Task delegation and tracking 
    • Budget tracking
    • Project scope and planning
    • Risk management planning
    • Analyzing and preparing progress reports

    Leveraging Customer Support Tools

    Customer support tools helps to connect with customers faster and in more productive ways. By getting customer feedback, you learn different ways to improve your workflow using these tools. Some of the customer-aligned tools to leverage include:

    • Visual chat boxes
    • Live chat boxes
    • Smart routing to agents
    • Omni channel support
    • Post-support surveys and market study

    Furnishing E-commerce Management Tools

    With new trends entering the market and an ever-changing market scenario, the demand for high-quality e-commerce management tools have exploded. These tools help to work better and ensure your online customer’s shopping experience smoother while still driving profits, in a sustainable way. Below some of the ways in which e-commerce management tools can help your business grow:

    • Helps to invest in better marketing strategies
    • Increase product line of the business
    • Make your site easier to navigate and makes it user friendly
    • Attracts wider audience demographic
    • Ensure easy payment options for customers

    Investing in Marketing and Advertising Tools

    Marketing and advertising tools helps to equip and implement better marketing strategies and systems. It improves the way a target customer perceives a brand. It helps to drive a profit, ensuring you make profits as you benefit from conversions and leads. Following are the ways marketing tools help in business management:

    • Performance of social media content
    • Lead scoring
    • Site visitor tracking
    • Social media scheduling
    • Email marketing
    • Contact management
    • Multi-site tool integration

    Using Customer Relationship Management (CRM) Tools

    Customer Relationship Management tools are easy to access and push conversions and cash flow within a minimal turnaround time. Besides, these tools contributes to developing longer relationships with your audience. By using this tool, you can ensure your customers with high-quality experiences. This aspect incentivizes your customers to remain loyal to your brand.

    Here are some features you can expect from a CRM tool:

    • Customize consumer experiences
    • CRM analytics
    • Track consumer behavior
    • Third-party integration
    • Leads management

    Providing your customers with high-quality service and support through effective tools and technologies is one of the hallmarks of a successful and sustainable business. These tools solidify your presence in the competitive market and helps your business grow by helping you to work in better ways. So, if you want such services, contact us, and we will assist you in an escalation of these strategies. If you are willing to know more, please explore our blog section.

    Reference Links:

    https://www.linkedin.com/pulse/leveraging-technology-drive-business-success-jeff-thompson-/

    https://www.insightssuccess.in/leveraging-technology-for-small-business-success-how-to-improve-profit-with-the-right-tools/

    https://www.xperience-group.com/news-item/leveraging-technology-for-business-growth/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • How to Maintain Top Talent in Your Small Business?

    How to Maintain Top Talent in Your Small Business?

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    Are you finding it too challenging to maintain top talents in your start-up?

    Employee turnover can be a significant challenge for small and big organizations. When a company or business is losing a significant amount of its top talent, it is time for leaders to take action and analyze their talent acquisition and retention plans. By doing so, they can actively identify improvement areas and take necessary steps to attract and maintain the top talent.

    Here is a detailed guide to help you with unique ideas for maintaining top talent in your small business.

    What are the Strategies to Apply to Retain Top Talent in Business?

    If you have a small business, you must be aware of the necessity to have a team of loyal, skilled and motivated employees. So, it is necessary to attract top talent and also maintain them in the competitive market. Below are some tips that helps you develop a positive work environment and foster a superb company culture.

    Build a Positive Work Environment

    One of the best ways to maintain top talents in your small business is by ensuring them a positive work environment. Allowing a safe, supportive, productive and comfortable work environment always fosters innovation, communication, collaboration and feedback. For this, you can do the following:

    • Invest in physical space, equipment, infrastructure and tools that help your employees to work comfortably.
    • Encourage teamwork, engage them in interesting tasks, celebrate achievements, address issues and ask for feedback. It builds trust within the teams and boosts employee morale and engagement.

    Ensure Growth and Development Opportunities

    People working in your company will always seek growth opportunities that will help them build their careers. Growth opportunities help in learning and adapting to new skills, expanding knowledge, taking up new challenges and progressing in future. 

    • Include training, assigning projects and arranging mentoring sessions to share your knowledge within the teams.
    • This will build confidence and help your employees reach their potential and achieve their goals.

    Recognize and Award Your Employees

    Appreciation and recognition are ways to exhibit that you care for your employees and notice their efforts, contributions and achievements. This action will increase their motivation levels and loyalty.

    • Recognition and appreciation can be formal or informal, monetary or non-monetary.
    • Include awards, perks, gifts, and certificates that will make your employees feel that they are important for your company.

    Offer Compensation and Competitive Benefits 

    Another great way to maintain your top talents is by offering them benefits. This might not be only in terms of money but about their well-being and recognition in your company. This exhibits that you value your employees and their work and reward them for their achievements.

    • Benefits can include paid time off, maternity leaves, flexible schedules, training opportunities, retirement plans, health insurance and many more.
    • Compensation can include commissions, bonuses, shares, salary appraisals, equity, and more.

    Prioritize and Strengthen Company Culture

    A strong company culture impacts employee job satisfaction in amazing ways. It is a set of beliefs, behaviours, norms, and culture that explains how your company runs and your employees communicate and interact. Employees always seek to work in an environment that values and celebrates talent diversity.

    • Communicate your goals, vision and values as an employer clearly and consistently.
    • Model them according to the needs of the organisations, and involve your talents to shape and sustain them.

    Maintaining talents within a company helps in building a strong company culture and smoothens workflow. Try to be consistent, inclusive and authentic as this is a trait that will build trustworthiness amongst people working in your company. By crafting a strong company culture, you can create a sense of belonging, purpose and identity for your employees. It may take some effort, but following these aforementioned steps will help in the long run. However, you can also contact us for these services. Also, explore our blog section if you are interested in knowing more about such topics.

    Reference Links:

    https://www.forbes.com/sites/forbesbusinesscouncil/2023/04/21/analyzing-strategy-14-steps-to-retain-top-talent/?sh=1aee821f1065

    https://www.businessnewsdaily.com/5189-attract-skilled-workers.html

    https://www.linkedin.com/advice/0/how-do-you-attract-keep-top-talent-skills-small-business

    [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • How to Staff HR Support within Your Organization?

    How to Staff HR Support within Your Organization?

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]Are you planning to staff HR support within your company and contribute to growth and development? 

    Hiring an experienced and qualified HR support team is a challenging task for any organization. Some companies attempt to outsource HR organizations that help to staff the HR department. Companies keep different attributes in mind when screening candidates for staffing.

    Keep reading to learn about a step-by-step guide that will help you effectively staff HR support.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    5 Best Ways to Staff HR Support within a Company

     

    Staffing human resource support team within your company involves a lot of planning. It is essential to hire the right persons for a specific job role since these employees will understand organizational needs and contribute massively to the growth and development of companies.

    Following is a step-by-step guide to help you staff HR support:

    Step 1: Analyse Years of Experience

    The first step is to analyse the number of years of HR experience and the level of responsibility handled during this period. This will help in understanding which person to choose.

    • Understand a person’s experience in working with startups or organizations of similar industry or size.
    • Check education level and HR-related certifications.
    • Check if that recruit knows employment laws and other compliance issues.
    • Understand if they can access, prioritize, and handle multiple projects, conduct in-depth research and adapt quickly to the changing needs.
    • Analyse the communication skills in terms of interaction with senior level and trainee level.

    Step 2: Create Job Descriptions

    It is essential to determine the number of HR staff required depending on the company size. Accordingly, create detailed job descriptions and portfolios for each of these positions. Here is what you can do:

    • Consider the HR-to-employee ratio and plan recruitment of staff.
    • Frame responsibilities, qualifications, and reporting structures.
    • Undergo a thorough recruitment procedure to hire HR staff who have the required experience and skills.
    • Job descriptions help to determine salary levels, analyse performance reviews, clarify missions, and establish titles and pay grades acting as an effective tool for recruiting.

    Step 3: Implement Advanced HR Tools and Technologies

    To hire the right prospect, share these job descriptions with social media, recruitment agencies and employee referral platforms. You can use advanced HR tools and techniques for the hiring process.

    • Leverage online recruiting tools to ensure the best onboarding experience.
    • There are several employee engagement applications to avail to get hold of the right staff.
    • Post onboarding equip the HR team with applicant tracking systems, payroll software and other tools to streamline HR processes and enhance efficiency. 

    Step 4: Develop a Competitive Pay Structure

    Crafting a fair and competitive pay structure is one of the major aspects of retaining and attracting HR staff for the organization. To develop a proper pay structure, it is important to gather background information and then implement it accordingly. Building a market-based pay structure includes:

    • Conducting in-depth market analysis to understand the changing market scenario.
    • Calculating the cost of the pay structures and accordingly implementing the new pay structures.

    Step 5: Implement Benefit Plans

    Every organization must determine certain benefit plans that are mandatory for the employees. Implement vacations, paid leaves, sick leaves, and health benefits insurance, pension and retirement plans and other such benefits.

    • Mandatory benefits include workers’ compensation insurance and unemployment insurance under state laws. 
    • Some regions mandate paid disability insurance and/or paid sick leave for employees. Organizations must check their states’ laws to get more information on required benefits.
    • While small companies can begin by offering few benefits, others can offer a comprehensive benefit package to help attract and retain HR recruits.

    For companies you are not ready to invest in HR staffing internally can go for Professional Employer Organization or PEO as an effective alternative. PEOs come with a comprehensive solution by outsourcing HR functions. A PEO takes care of compliance and HR responsibilities for the organization including payroll, compliance, benefits administration, employee relations and more, allowing businesses to focus more on internal functions. With these aspects, a PEO empowers businesses to grow at scale.

    These steps help in tailoring an effective HR staffing plan adhering to the organization’s unique perspectives and requirements. Following these above-mentioned steps will help in the proper HR staffing process. However, you can also contact us for these services. Additionally, explore our blog section if you are interested in knowing more about such topics.

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Reference Links:

    https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/startinganhrdepartment.aspx

    https://in.indeed.com/career-advice/career-development/types-of-workplace-training#:~:text=Most%20training%20programs%20occur%20as,skill%20sets%20of%20their%20employees.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.[/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • Why is Employee Well-being an Imperative Aspect for Successful Business?

    Why is Employee Well-being an Imperative Aspect for Successful Business?

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column _builder_version=”4.9.3″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.9.3″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

    Do you know employee well-being plays a major role in uplifting your business? Among the plethora of strategies that companies apply to build their credibility, employee well-being counts as an imperative one. Employee health not only includes health benefits or insurance, but much more. It focuses on mental, physical and emotional well-being of an employee within the workplace. 

    Keep reading to know how maintaining employee well-being can contribute to the long-term success of your business venture.

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column _builder_version=”4.9.3″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.9.3″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

    7 Reasons why Employee Well-being is Essential for A Successful Business

    A healthy and happy workforce can uplift a business in many ways. Here are the 7 best ways that you must know:

    Increased Productivity

    A sound mind and heart accelerate productivity efficiently. Physical and mental fitness improves employee engagement, focus, etc., fostering work efficiency and perfection. If an employee is not valued or encouraged, he may not be mentally present in the workplace which will degrade the work quality. Thus, focus on fostering a healthy work environment where employees will actively perform their tasks, boosting productivity and improving business performance.

    Talent Retention

    Talented employees are always in demand across all companies. However, retaining the right talent can be challenging if your company fails to foster employee well-being. Companies that maintain a positive work culture to enhance employee well-being always attract skilled individuals and retain them for a long period. Talented employees always look for a healthy work environment and if your company offers it, you can easily hire and retain the best talents in the industry.

    Reduced Turnover Costs

    Companies need to bear hefty expenses for new recruitments, onboarding, and training as employee turnover costs. Besides, a new employee needs time to learn the aspects of the business. Thus, business growth gets affected. Companies that maintain employee well-being can reduce this cost as satisfied employees will not leave the company frequently. It will help you save on the turnover costs and gain profit.

    Better Employee Engagement

    When you take care of employee well-being, they will also remain emotionally engaged and committed to your company’s goals. As a responsible employer, you need to make them feel valued, connected, and supported in every aspect. This will help foster an engaging environment, compelling employees to put in their best efforts for the company’s growth.

    Problem Solving and Creative Approach

    Well-being isn’t just about physical health; it also includes mental and emotional health. Employees who are mentally and emotionally well are better equipped to handle stress, adapt to change, and think creatively. This can be especially valuable in today’s rapidly evolving business landscape where innovative solutions are often needed to stay ahead.

    Enhances Brand Reputation and Credibility

    Encouraging employee well-being helps in building credibility and business reputation. An employer who is committed to employee well-being sets an example before business partners, clients, and investors. This helps increase the reputation of the company, attracting potential investors and loyal customers.

    Regulatory Compliance

    In many industries, it is a mandatory legal requirement to comply with employee well-being, health and safety standards, etc. Companies that are not following these regulations can be fined and led into legal hazards. Thus, maintaining employee well-being also helps your company in staying compliant with the legal norms.

    Final Words

    Now you know that employee well-being is essential to maintain a healthy working environment and build business credibility. It imposes a direct influence on the company’s productivity, employee retention, overall business performance, etc. If you are struggling to foster the much-needed employee well-being strategies into your company, feel free to contact us. We provide professional assistance at an affordable price to boost your business. For further information on employee-wellbeing or a healthy workplace environment, read our previous blogs.

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column _builder_version=”4.9.3″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.9.3″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

    Reference Links:

    https://hrme.economictimes.indiatimes.com/news/workplace/why-cultivating-a-culture-of-employee-well-being-is-now-a-business-imperative/94189958

    https://blog.zenhr.com/2022/02/21/why-is-employee-well-being-important/

    https://mondaymerch.com/blog/monday-merch-3/the-importance-of-employee-wellbeing-for-business-success-54

    [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • How to Remain in Compliance with the New I-9 Verification Process?

    How to Remain in Compliance with the New I-9 Verification Process?

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    Do you know the recent updates about Form I-9 compliance? As per DHS’ announcement on 25 July 2023, employers need to meet four criteria for choosing an alternative procedure for Form I-9 documentation. It includes employers who have remotely examined an employee document between 20th March 2020 to 31st July 2023. 

    Employers must have enrolled to E-verify while completing Form I-9 and are still enrolled in it. Lastly, the employer should have created a case for that employee in the E-verification process to qualify for the alternative process. If an employer fails to meet these criteria, he/she needs to go through in-person physical documentation by 30th August 2023.

    Staying compliant with Form I-9 is essential to keep your company lawfully protected. Keep reading to know the strategies to follow the same!

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    Top 6 Strategies to Stay Compliant with the New I-9 Verification Process

    Employers need to maintain Form I-9 to ensure they hire employees who are legally allowed to work in the USA. There are many ways a responsible employer can maintain compliance with the new I-9 verification process. 

    However, here are top 6 strategies to comply with the I-9 form:

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Introduce E-verification and Automatic Operations

    The manual audit process is time-consuming and may be prone to errors which can affect the ICE inspections. So, employers can introduce automated solutions and E-verification processes to conduct seamless operations and relieve the work of HR department. This process automatically determines the document’s authenticity and makes the employment procedure seamless. Employers practicing the E-verification process should not hire unauthorized workers without consent. 

    Go through the Employer’s Handbook (M-274) Thoroughly 

    Employers may find I-9 a bit confusing in many aspects. Thus, USCIS published the M-274 handbook to help employers understand the purpose of 1-9 perfectly. You should go through this handbook thoroughly to find out most of your answers regarding the I-9 compliances.

    Keep the I-9 Forms Safely

    The information included in I-9 forms is sensitive enough and should not be revealed while auditing or any other documentation. So, try to keep these forms separate from other official files. You can store it in a different file apart from other personnel files.

    Do not Continue Discriminatory Employment Practices

    Many employers conduct certain discriminatory practices like asking for a work authorization document even before hiring a non-American citizen employee. As per the I-9 form, every employee irrespective of their citizenship, national origin, immigration status, or native language should have equal employment rights.

    Routine Internal Audits are Necessary

    You can perform a regular audit yourself to find errors and correct them effectively to comply with I-9. You should keep a record of all the corrections made, date them, and store them properly with the original forms. It will also increase your credibility, saving you from paying hefty penalties during government audits. Though the procedure may be hectic, it can help you in the long run.

    Keep Track of Sec-3 Reverifications

    As per section 3 of the I-9 form, you need to conduct employment re-verification while rehiring or reporting a legal name change. So, you need to track the work authorization document expiry date. It helps ensure the reverification is done before the work authorization expiry. Moreover, a responsible employer should inform the employees about the expiration at least 6 months before the date. This is because you cannot continue the employment after expiration until reverifying or updating the form I-9 for the employees. So, to comply with the I-9 form, you must complete, date, and sign section 3 before the existing work authorization document expires.

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Final Words

    You can follow the mentioned strategies to comply with the I-9 Form and run your company as per Federal law. However, if you are in doubt regarding the rules and regulations of I-9, it is advisable to get in touch with an expert. You can contact us in such a scenario for a sorted suggestion. Moreover, you can read our previous blogs for a clear idea about related topics.

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    Reference Links:

    https://www.completepayrollsolutions.com/blog/form-i-9-compliance

    https://www.experian.com/blogs/employer-services/improve-i9-compliance/

    https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/complying-with-i9-and-everify-requirements-in-the-united-states.aspx

    https://www.paycor.com/resource-center/articles/i-9-compliance-faqs/

    [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • The Importance of Compliance: HR Regulations Every Small Business Must Know in 2023

    The Importance of Compliance: HR Regulations Every Small Business Must Know in 2023

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]Are you facing difficulties in managing different aspects of your small business organization? 

    If you are facing issues in running your business operations smoothly, managing finances, and ensuring customer satisfaction, you can seek help from professional HR management. 

    Complying with Human Resources regulations is not only a legal requirement, but also an essential backup for seamless business operation. HR compliance helps in the successful enforcement of HR policies in your company that follow the required employment law, labor law, and other regulations.

    Read along to know about the regulations every small business must follow and how HR helps them stay compliant![/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Top 3 Regulations Every Small Business Must Follow

    Several laws and regulations may affect the functioning of a small business venture. Thus, small businesses should at least comply with the following 3 regulations for a seamless operation:

    Occupational Safety and Health Act

    This act mandates that every employer should provide a safe and healthy working environment to the employees. Every small business should have certain safety policies to protect employees from workplace hazards. Besides, they may have to maintain illness and injury records as per the industry requirements.

    Fair Labor Standards Act

    This act sets the federal minimum wage, child labor standards, and overtime pay. As a responsible entrepreneur, you must pay your employees the minimum wage and compensate the non-exempt employees for their overtime work. If an employer misclassifies employees as exempt, it may impose a hefty penalty. 

    Consolidated Omnibus Budget Reconciliation Act

    This act ensures every employee, and their dependents can keep their health insurance despite involuntary job loss or change, death, divorce, etc. In that case, an employee has to pay their premiums up to 102% and receive extended coverage for 36 months. [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    4 Ways a Small Business Firm Can Stay Complaint to HR Regulations

    Here are some of the strategies a company should follow to comply with employee laws and regulations:

    Follow Clear Policies and Procedures

    Create a set of policies for your company that every employee should follow. However, while setting the guidelines, make sure they include the safety policies, attendance requirements, and employee benefits as per federal law. 

    Investigate Employee Complaints 

    Another way you can remain compliant with HR regulations is by listening to and understanding your employees. Listen to their complaints and investigate the truth to make fair decisions and comply with the legal perspectives.

    Educate Your Employees on HR Compliance

    Only a compliance policy may not help in forming a compliant team. Thus, you should train your employees properly regarding HR compliance. Anti-harassment or anti-discrimination training sessions can help demonstrate that your company ensures a healthy and fair work environment.

    Hire a Professional HR Management

    Conducting all these training sessions and investigating employee complaints may seem troublesome given you have other business responsibilities. Thus, hiring a professional can help maintain employee laws while staying compliant with HR regulations. You can appoint a professional HR management team to ensure employee benefits and stay safe from legal hazards.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Final Words

    Now that you know about the must-follow regulations for a small business, you can take proper initiatives to practice them. However, if you face any issues in managing legal matters always opt for a professional HR team. They stay updated with the latest rules and norms, helping you stay compliant with the law. If you need professional advice, feel free to contact us. 

    You can also take a look at our other blogs for employee management and related tips.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]

    Reference Links:

    https://www.businessnewsdaily.com/15985-small-business-hr-compliance.html

    https://www.paychex.com/articles/human-resources/balance-hr-strategy-compliance

    https://www.paycom.com/resources/blog/what-small-businesses-need-to-know-about-hr-compliance/

    https://netchex.com/hr-compliance-what-is-hrs-role-in-ensuring-compliance/

    https://www.onblick.com/blogs/hr-compliance-for-small-business-everything-you-wanted-to-know[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
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