Innovative Employee Solutions
9665 Granite Ridge Drive, #420
San Diego, CA 92123
(858) 715-5100
http://www.innovativeemployeesolutions.com/
Innovative Employee Solutions specializes in payrolling and outsourced HR administrative services as the employer of record for various industries including technology, engineering, medical, insurance, clerical, research companies and many more.
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Contingent Workforce Solutions
1. The Role Of Contingent Workforce Solutions In Corporates
One of the ways many companies are making their businesses grow is through the use of
contingent workforce solutions. In fact, there have been documented studies showing that
in many businesses, the careful selection of contingent workforce solutions has many more
advantages than disadvantages. But in order for this to work, a business needs to make
sure they keep their contingent workforce accountable for all the action it takes. This helps
determine the value of the partnership. Generally a healthy mix of contractor staff and
permanent employees is good for the business but can provide a challenge when trying to
keep any data organized that helps determine the return on investment of having a mix of
different types of staff. The other challenge posed by contingent workforce solutions is that
if care isn’t taken, it’s difficult to efficiently manage the projects and projects value of the
temporary staff.
For contingent workforce solutions to work, it’s important for the company to have access to
the right tools and the necessary expertise to know what’s going on. When referring to
tools, the reference isn’t necessarily to the tools required to get the outsourced job done.
It’s more to help monitor the independent contractors. You need a system to help keep
track of how many workers are contractors and how many are simply employees. You want
to know where they’re located and if the business is overall sticking to the employment.
These may appear to be daunting questions at first, but they don’t need to be. They also
shouldn’t be a deterrent to hiring contractors but you need to go into hiring contingent
workforce solutions with a clear head knowing that without the right contractor
management system in place, you won’t be able to determine how costs and benefits of the
outsourcing of work.
The process to hiring contractors is different than hiring permanent employees. Contingent
staff is an excellent resource and can provide great benefits to the companies that choose to
go this route. But managing the workflow and staff can quickly become overwhelming for
the business owner who doesn’t take the time to learn the process correctly.
You want to make sure your temporary staff are compliant with staff rules and staff policies.
This is important to protect your business. There are a variety of print and online resources
to help you with this. There are even classes in some colleges to help business owners with
the process of hiring excellent temporary staff. If your company has specific requirements,
it is best to let the staffing company know more about it. They are usually flexible when it
comes to custom hiring requirements, so they are work as per client needs.
There are many contingent workforce solutions services available online. You just need to
do a search and shortlist licensed and certified services. Ask them about the services they
offer. If the prices suit you, you can go ahead and negotiate the deal.
2. The Importance Of Employer Of Record
Knowing your employer of record could mean the difference between getting that job you
want and being passed over for it. Many companies are becoming more particular about the
types of workers they hire and are completing background checks on the ones that are
under serious consideration. While employers often have the resources to get all that
information required doing a complete background check, the good news is that you also
have some resources when it comes to collecting your personal employment history.
Finding your employer of record and personal employment history is becoming more and
more important in the job market today. Any time you apply for a serious job, as in one that
could turn into a career; there is a good chance your employer will want to have your
employer of record and your personal employment history. The reason why companies do
this is for the safety of the company as well as the safety of management and other
employees. Tus, it is important to have a good track record and clear background so that
you ace your next job interview. All companies do a background checks so there isn’t much
that you can hide.
There are many industries where a wise employer will not hire a person without a
background check. Sadly, there are more and more people who say they are what they
aren’t and companies need to protect themselves. There is always the risk of a potential
lawsuit if the company hires someone not fully suitable for the position. There are additional
costs to the company that can include a loss of productivity and a negative reputation of the
company that could impact future earnings and business. Hiring the wrong person could
also significantly negatively impact the employee morale of a company.
If you’re wondering what’s included when doing a personal employment history or employer
of record, here’s a list of the times that would show up in this type of check.
Tax records
Employment history
Employment status
Leaves
Workplace injuries
Employment misconduct records
Moonlighting work history
Social security information
Places of employment
Terminations
Pension contributions
Of course, not all of this information is fully necessary for a new company to make an
informed decision as to whether or not to hire you, but it will give them a good idea of the
type of person you are as far as a professional work environment is concerned. Most of the
companies consider all of these aspects when hiring their staff.
You may be able to get this information yourself. In fact, providing this information to a
prospective employer may increase your chances of being hired for a new job. It could give
you that edge which could place you above the competition. This type of information
including an official employer of record sheet will give the sensation that you are the most
professional applicant for the job.
3. How Has HR Outsourcing Become An Important Component Of Businesses?
HR outsourcing is a popular way in which companies add to their workforce by providing
necessary workers without having to permanently hire long term staff or even temporary
staff.
HR outsourcing is the process of having a third party service provider complete on an
ongoing basis any HR activity that would have normally been performed in house by full
time company staff. Outsourcing is nothing new. Companies have been doing so for
decades. But the outsourcing of HR work is still in the new phase and hasn’t become quite
as popular as other forms of outsourcing.
Companies rarely outsource the entire HR function of the company but it’s common for
companies to outsource a single HR process or even a few of them in order to help the
company run more smoothing with the addition of third party staff that may not require the
same benefits to be paid as there would be to full time staff who are employees of the
company. The purpose of HR outsourcing in part is to help reduce the burden of the work
done by this department by sharing the tasks through different sources. There are generally
eight steps in the process of HR outsourcing. They are as follows:
1. Objective setting
2. Readiness of company
3. Implications of decisions on major shareholders
4. Analyzing tangible and non tangible benefits.
5. Selecting the vendors
6. Negotiating and contracting
7. Transferring resources
8. Management of various relationships
With competitive challenges in the industry, there is a demand for HR outsourcing that adds
value to the business functioning. This facilitates the companies to focus on core
competencies and allows better organizational skills. When companies need to increase the
staff, all they need to do is outsource it to independent HR services and get the needful.
Objective setting involves a company’s knowledge of the reason behind the outsourcing. It’s
important to have a solid need for the outsourcing otherwise it’s a waste of time and
money. The company needs up to date external resources. The company also needs to be
stable because stable companies respond better to HR outsourcing attempts.
Shareholders are important to many companies so no decision can be made without
considering them. Most company’s biggest shareholders are the employees and it needs to
be determined how outsourcing will affect their jobs. Tangible and non tangible benefits of
outsourcing needs to be determined and the selection of vendors needs to be done carefully
so as to avoid lawsuits and other unpleasant experiences.
Once vendors are selected, the next challenge is negotiating terms that are agreeable to
both companies. Once a formal contract has been agreed upon and signed, then the
resources are transferred. All these steps are the foundation for a relationship and
relationship management is important for the outsourcing agreement to work. There are
innumerable HR services that work independently and are into a contractual agreement with
large corporations.
4. Why Outsource Payrolling Services?
Payrolling is an important part of any business so it’s important to make sure you either
have the best internal payrolling services you can afford or invest in the best external
payrolling services you can afford.
One of the worst times and stressful times for payrolling is at the end of the year. With the
right type of knowledge and the right type of payrolling services, the stress of this time of
year can easily be avoided. Here are some tips on how to avoid end of the year payroll
headaches and problems.
Because of the nature of business in the United States, it’s necessary to file business taxes
generally quarterly. It’s important to make sure all the paperwork is correct to make this
process as seamless as possible.
One of the first things and some argue the most important thing that you need to do before
printing your taxes is to verify that all the records are up to date. This includes independent
and subcontractor records. Details are important so it’s crucial to make sure that all
addresses are there as well as all necessary social security numbers. This is crucial to
preventing an audit. Take the time to verify all this information to prevent long term
headaches with the IRS. It is better to have a financial service at the beck and call than to
have higher overhead costs. By outsourcing the payrolling services, you are at top of the
finances and taxes yet there is no hassle of hiring your own staff.
Keep up to date on the unemployment insurance rates. This will change annually and may
raise or lower depending on what the state has decided. This decision is based on a variety
of factors some of which are influenced by the number of employees you have, the size of
your payrolling and how many (if any) claims have been filed against your company. This is
information that needs to be entered into your payrolling system or into the system of your
outsourced payroll company. And it needs to be done before you file your first payroll of the
year. This makes sure you’re removing the proper amount of insurance tax for the year and
will help prevent year-end tax headaches.
Make sure the unemployment insurance amount is figured out based on the correct state.
This will only affect companies who may be multi state employers, especially if employees
are shifted from one location to another. Payrolls need to be updated accordingly when
companies move from one location to another. The calculations need to be done for the
state in which the employee works in not lives in. This is important to keep in mind to make
sure the right amounts are calculated. That is why there is a demand for payrolling service
as they ensure that all taxes and payments are done on time. Additionally, companies save
more as they do not have to hire staff specializing in finance.