Stay up-to-date on the latest HR news and resources, to do the best job you can to enhance your company's cost and time savings, improve employee retention, maintain compliance and streamline tasks.
Managing the Rising Costs of Payroll & HR
The Employer Mandate: ACA Infographic
Human Resources is about the people (it’s even in the name), so when it comes time to perform analysis and providing reports, the entire process can seem a little cold. However, the reality is that to truly improve the performance of any organization requires a certain amount of tracking, reporting and analyzing of key performance indicators (KPIs).Read More
In order to improve or make something better we need to know how it is working today. That is the basis for the Six Sigma and other process improvement/optimization programs and methodologies that have been cycling through corporations large and small for the better part of the last three decades.Read More
The Patient Protection and Affordable Care Act (PPACA) represents a major regulatory overhaul of the American health care system. Signed into law in 2010 with phases to be implemented through 2020, the PPACA states that most Americans must either buy health insurance or pay a penalty tax, with exceptions only for financial hardship or membership in certain religious sects. Individuals can obtain coverage through their employers, government programs such as Medicare and Medicaid, or new state health insurance exchanges.Read More
To those of us in business, it’s no surprise that the Patient Protection and Affordable Care Act (aka, PPACA, Healthcare Reform or Obama care) has little to do with making healthcare affordable. In the second half of 2012 premiums increased about 15% on average, but some organizations saw double-digit increases.Read More
Many organizations approach the idea of implementing a new payroll solution with a great deal of trepidation. Most managers believe it's difficult, time consuming and a minefield teeming with areas for mistakes. Plus, payroll and HR administrators have been sensitized to feel that they alone must manage this project. Why? Because, it's important to get everyone paid properly and, "ADP/PayChex told me I need to manage the changeover." Lyceum says, "We agree payroll is critical, and because it’s so critical, you need to take the right approach.Read More
End of year (EOY) payroll reviews and reconciliations are time consuming. It helps greatly to have a good EOY checklist to guide you through the process. Using a checklist not only keeps you on track, but it helps to ensure that you do not skip any of the important items that can put the company in the position to be fined or puts your employees in a position that incorrect withholdings are made during the year. -Read More
The payroll process is complex and exacting. Our clients, like you, work hard to get their payroll right each period. Still, there are common mistakes that get made that can be prevented with a little planning and education.
We’ve assembled a list of five of the most common payroll mistakes that we see each year. Are you making any of these?
The Affordable Care Act (ACA), also known as Healthcare Reform, mandates that all resident citizens and legal immigrants of the United States procure and maintain health insurance. For many people, especially those working for corporations or other large businesses, nothing much will change — they are still covered by their employer. Self-employed individuals and those working for businesses with fewer than 50 eligible employees will also need to obtain coverage, but must do so without a large company to help them. Where will they turn for their healthcare plan?Read More
In the past, many insurance carriers have exercised the pre-existing condition clause, meaning that anyone who was new to the plan and had a pre-existing condition, such as cancer, would not have that particular condition covered. Only new diseases, illnesses and conditions would be covered under the new plan. While this may seem harsh, the plans were designed to contain this clause to prevent large cost increases over time. Now, with the Affordable Care Act having so many new regulations beginning in 2014, we can add pre-existing condition exclusion practices to the ever-growing list of items that are prohibited.Read More
A central goal of the Affordable Care Act is to significantly reduce the number of uninsured individuals by providing affordable options through Medicaid and the state health insurance exchanges. The U.S Supreme Court ruled that states could expand Medicaid benefits to all individuals with incomes at or below 133 percent of the Federal Poverty Level. Beginning in 2014, individuals between 19 and 65 years of age will be guaranteed coverage through Medicaid in every state that chooses to opt-in, regardless of whether or not they have children. It is also the intent of the government to have both the Medicaid and Children’s Health Insurance Program (CHIP) eligibility and enrollment simplified.Read More
As discussed in Individual Mandate Is Coming, the Affordable Care Act (ACA), includes an individual mandate requiring most U.S. citizens and legal residents to purchase and maintain a minimum level of healthcare coverage. To put some teeth into this mandate and encourage compliance, the Act penalizes individuals and families who choose to ignore the requirement.Read More
Effective January 1, 2014, the Affordable Care Act (ACA) will require most individuals to maintain minimum essential health coverage for themselves and their dependents or face penalties. Because the cost for good, quality coverage is expensive, it’s often out of reach for many lower and moderate income families. In an effort to make health insurance more obtainable to families that couldn’t otherwise afford it, ACA provides two options to individuals with household incomes between 100% and 400% of the Federal Poverty Level.Read More
We think there’s a lot to be said for the public or private exchanges. While they will assuredly not decrease costs, they will allow businesses to cap their expenditures by changing the model. But these exchanges won’t be ready until 2014. So what to do in the interim?Read More