Leave Benefits Administration and Payroll to the Experts, so You Can Focus on Your Business
The modern business landscape is characterized by tight margins, tough competition, and near-daily disruptions and emergencies. For your business to survive, you need to maintain ruthless focus on expanding opportunities for your core offering. Only you can do this…
… So, why are you wasting your time struggling with tedious HR paperwork?
It is time for you to eliminate the top benefits administration and payroll challenges you face, so you can return your focus to your profits.
The Top 3 Challenges (and How to Fix Them)
First, let’s talk about the elephant in the room: Rising benefits costs are a massive challenge, but one that is beyond your personal control.
Instead of wasting your time and energy worrying about factors that are beyond your control, focus on the 3 challenges you can address:
- Access to Benefits Options
Benefits matter. According to a Forbes Advisor survey of 2,000 employees and employers, 1 in 10 people would accept a pay cut for better benefits, and 40% of employers state that workers leave their jobs to find better benefits.
Today’s multi-generational, multi-cultural, and neurodiverse workforce seeks a wide array of benefits options, with interests ranging from flexible scheduling and gym memberships to pet insurance, massages, and mental health assistance.
Of course, paid time off and health insurance including dental and vision, are non-negotiables.
On your part, it can take weeks or months of effort to assemble the pieces required for a competitive and attractive benefits package – weeks or months you are not spending focused on developing your company’s core offerings.
Fix this issue by delegating benefits administration to a reputable Professional Employer Organization (PEO) that has access to many benefits options. This path allows you to fully maintain your business focus, while still achieving your goal of offering value to your employees.
- Administrative Paperwork
If you are responsible for managing it, open enrollment season is unavoidably exhausting. After spending so much time choosing an exciting benefits package, you or your human resources team are then required to explain it to seemingly each and every employee – which can be very difficult.
According to a Justworks survey, 72% of people want to be told which plan is best for them, yet nearly half of all employees, 44%, are uncomfortable asking questions of the HR department. What a mess. And, to add insult to injury, this is exacerbated by the compound difficulty that HIPAA presents, in making it unacceptable for you and your HR team to ask personal health questions of your employees.
Once you finally get employees to choose the benefits they like, the paperwork begins. Many companies still have their staff fill out and sign paper-based election forms, and then the HR team has to manually enter in and verify all the data, and fix errors on a tight deadline. None of this work does anything to develop your company’s core offering – and there is really no reason for you to waste your time doing all this.
Instead, you can fix this issue by providing employee self-service options that put the reins in your employees’ hands. This reduces your paperwork load. To reduce the time you spend explaining benefits to your employees, you can rely on a PEO to handle that for you.
- Payroll Compliance
Once employees have elected their benefits, your company must spend more administrative time calculating and applying payroll adjustments. This is in addition to the time you typically spend managing all the other payroll compliance tasks, such as PTO accrual calculations, labor hour tracking, workers’ compensation deductions… and, of course, issuing and mailing checks.
There is a reason many small to midsized businesses choose to outsource their payroll tasks: it is an unavoidable, high-stakes, high-stress time stealer that happens every 2 weeks. Forever.
Outsourcing your payroll along with your benefits administration is an obvious choice for businesses that want to focus on their core offering. However, you do not want to accidentally give yourself more work in the process.
The fix to this issue is to ensure accuracy and better compliance by choosing a payroll provider and solution that integrates seamlessly with your existing accounting system. This keeps your team from wasting time on endless reporting and data exports, yet maintains accurate benefits deductions every pay period.
Consider WebClock for Your Benefits Administration
If you are ready to stop wasting time and refocus your attention on your business’s profitability, we invite you to consider WebClock to be your PEO and payroll provider.
For nearly 30 years, the experts at WebClock have helped companies like yours solve the most pressing labor management issues – through intelligently designed software and a team of committed professionals.
Offering a respected and affordable PEO, seamlessly integrated and compliant payroll servicing, and knowledgeable access to a wide array of competitive benefits, WebClock may be the solution you have been looking for.
Learn More About WebClock
Since 2003, PeopleSense has established itself as the definitive ERP and single source workforce management solution provider for businesses of all sizes throughout the U.S. and Canada, offering consulting for Made2Manage® and Intuitive®, Sage HRMS, time and attendance solutions, Acumatica, and related services and products. PeopleSense provides clients with the peace of mind that comes from working with experienced consultants dedicated to customer service, who are affordably priced with no annual contracts. Reach out to get your business software questions answered.
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