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Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” When hiring or rehiring retirees, you must adhere to applicable employment laws, some of which include provisions for older employees.

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PEO Costs: Does PEO Make Sense for Your Business?

Zenefits

A professional employer organization (PEO) provides a range of services to companies that want to outsource human resources administrative tasks. They are staffed by professionals specializing in human resources, taxes, compliance law, and accounting. PEOs and their clients are considered co-employers.

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The Types of Employment: A Quick Reference Guide

Zenefits

Also, employers must withhold income taxes from employees’ wages, pay unemployment taxes on their earnings, and withhold and pay Social Security and Medicare taxes. Employers basically hire contingent workers as needed. The workers don’t have the protection of labor and employment laws or access to employee benefits.

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Everything You Need to Build Your Employee Handbook

Zenefits

However, many small businesses — especially those with fewer than 10 employees — do not have an employee handbook. According to Employee Benefit News , “It is estimated that only about one in four small businesses have an updated handbook.” . Full-time versus part-time employment. Break , meal, and rest periods.

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Benefits of outsourcing HR for small businesses

Business Management Daily

This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. HROs like Bambee and Zenefits offer budget-friendly packages with HR expert advisory services available. Plus, it may be legally required depending on how many employees you currently have.

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Top HR Tips for Small Businesses

Zenefits

Outdated employee handbook. Problems managing employee benefits packages. Complying with current labor laws and federal regulations. This includes creating an employee benefits package, setting up payroll, obtaining necessary licenses and permits, documenting PTO and vacation policies, and more.

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PEO for Small Business? Yes, Yes, and Why.

Zenefits

In addition to payroll administration, a PEO may administer health insurance and other employee benefits. They can also handle payroll taxes, workers’ compensation coverage, employee onboarding, employee training and development, and more. PEO companies have a co-employment arrangement with their clients.