Most
business owners try hard to keep up with employee
administration, yet they don't know what it really costs to handle all
the paperwork, conversations, phone calls, and time to stay
in compliance with government regulations.
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The Small
Business Administration (SBA) states that employee
administration costs employers over $1000 per employee per
year. |
Business owners
usually choose to handle employee administration one
of two
ways -
-
Ignore
the rules - hope nothing goes wrong. If it
does, pay the penalties, fines, and/or lawsuits.
-
Attempt
to handle it internally and spend resources on
activities that does not bring profits to the bottom
line
The
StreetSmart Solution outsources the employee
administration activities and provides one solution
for both worker's compensation and human resource
administration.
Need Safety Assistance?
about our Safety Information Coordinator
program
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Think About
It . . .
How
much time should be devoted internally to
non-revenue producing activities?
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Complying with
government regulations is a burden that
every employer struggles with and few have
mastered.
Time spent
internally on "administrivia" increases
overhead and reduces profit margins.
Regulations are
complex and are beyond the abilities of most
small business owners and their office help.
Risks become dangerous when
unqualified people are performing important
administrative tasks.
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Employee
legal issues can be a
business owner's nightmare |
with
business legal protection |
How does your company currently handle these
regulations?
Some of the
government regulations that an employer must comply with,
include:
-
Civil Rights
Act-Title VII
-
ADA -
Americans with Disabilities Act
-
COBRA -
Consolidated Omnibus Budget Reconciliation
Act
-
HIPAA -
Health Insurance Portability and
Accountability Act
-
PRWORA -
Personal Responsibility Work Opportunity
Reconciliation Act
-
FMLA -
Family and Medical Leave Act
-
FLSA -
Fair Labor Standards Act
-
ADEA -
Age Discrimination in Employment Act
-
OSHA -
Occupational Safety and Health Act
-
IRCA -
Immigration Reform and Control Act
-
WARN -
Worker Adjustment and Retraining
Notification Act
-
ERISA -
Employee Retirement Income Security Act
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