Help your team work smarter and live better with stellar hybrid work learning and development programs. Here are three keys to make it happen.
The post Three keys to successful anywhere work learning and development appeared first on AVI-SPL Digital Enablement Services Provider.
Are you considering using an employer of record to manage your contingent staffing requirements? There are many benefits to using an employer of record for your business, so here are some things to consider.
What is an Employer of Record?
An employer of record is a company that acts as the official employer for an employee, handling all payroll and employment-related matters. This includes hiring, terminating, providing benefits, and other HR tasks. The employer of record acts as a middleman between the employee and their actual employer. They are usually used by companies who want to outsource the HR, compliance, and legal aspects of employing some of their contingent workforces.
What are the Benefits of Using an Employer of Record?
Using an employer of record can be a great way to expand your workforce simply. With the right partner, you can focus on what you do best and leave the employment details to them. Let’s break down why you should use an employer of record like Maslow Media.
1. An employer of record can help you navigate the complex world of employment laws.
This is one of the most significant benefits of using an employer of record. There are many Federal, State, and Local employment laws to comply with, and it can be challenging to keep up with them. An employer of record takes on this responsibility and can provide your organization with compliance and legal protection when employing your contingent workforce. In addition to tax laws, an Employer of Record assists you in correctly classifying your contingent workforce.
2. An employer of record can help you hire talent anywhere in the country
As companies leverage a more remote workforce strategy, an employer of record can help with onboarding and offboarding your contingent labor. Leveraging an EOR eliminates the requirement for your company to establish state withholding and unemployment tax accounts for your contingent workforce working in a state not already active for your business. This eliminates the need for quarterly and year-end payroll tax filings for individuals processed through an EOR.
3. An employer of record can help you save money on payroll and benefits administration.
Another benefit of using an employer of record is that they can help you save money on payroll and benefits costs. The administration of payroll and benefits can be time-consuming. By outsourcing these requirements, your organization can save money while freeing up more time to focus on the company’s goals and objectives.
What are the Responsibilities of an Employer of Record?
The employer of record has many responsibilities when working with a business. This ensures that every aspect of the company runs smoothly. Here are some duties that an employer of record has…
When Should a Business Use an Employer of Record?
When it comes to managing payroll, human resources, and benefits, outsourcing the process to an employer of record can be highly beneficial for businesses. By choosing to work with an employer of record, companies can save time and money while enjoying the financial benefits of reduced overhead costs. Below are some indicators a business might need an employer of record…
What are Some Other Solutions for an Employer of Record?
Some alternative solutions to an employer of record include…
These other solutions can be costly to an organization and are great reasons to consider using an employer of record. They can help you save money on payroll and benefits costs, manage employee records, stay compliant with employment laws, reduce liability risk, focus on your business, and save time. If you’re looking for a way to simplify your human resources tasks, Maslow Media Group may be the perfect solution for you! Contact Maslow Media Group today!
The post Why Use an Employer of Record? appeared first on Maslow Media.
No matter where you are, engaging independent contractors comes with some risk to your business. You need to be ready to abide by a zillion (give or take) laws and regulations to make sure you stay compliant and in good standing with state and federal rules and regulations. In any of the high-risk states, it’s important to take extra care to protect your business from the associated liability.
California tops the list of risky states for engaging independent contractors. The laws there are never as simple as they seem at first blush and the stakes for violations are high. California is considered a bit of a trendsetter in employment laws so even if you don’t have workers there, the effects can reach your own states. In addition to the Golden state, Connecticut, Washington, Oregon, Indiana, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Washington, and Wisconsin are all considered the riskiest places to engage independent contractors.
Laws around documentation and classification exist everywhere, but wherever they are more complicated, the risk for engaging contractors increases. On top of that, the regulations change often and, in some cases, they even contradict each other. Yikes. This makes guarding against the major concerns (including audits, classification, and overall compliance) trickier. The good news is that it’s not impossible. Businesses without an internal team/human resources department that is equipped to address those unique needs should partner with a company that specializes in handling them and being proactive about changes as they happen.
While it’s usually the major lawsuits against uber-sized businesses (like, ahem, Uber), many smaller companies misclassify workers without even realizing it. There is not a standard, universal, objective test to determine whether a worker should be classified as an independent contractor or an employee. In addition, each state has the power to determine some of its own rules. So not only is it complicated, but the stakes for misclassification are quite high. Violations can result in hefty fines, back taxes with interest, and lawsuits.
Audits don’t care if your mistake is intentional or innocent and they are incredibly inconvenient either way. Being sloppy about classifying workers or casual about documentation is one of the easiest ways to end up on the government’s radar. Businesses should have an airtight process–from the up-front paperwork all the way through payroll– designed to ensure workers are correctly classified and that they receive the corresponding benefits and accurate pay.
For companies without an internal team equipped to handle the issues, engaging a partner that addresses the concerns related to engaging workers in high-risk states is a slam dunk.
Here at PayReel, classification and compliance matters are at the core of our business. As such, we’re continually improving our system with a defined classification process that takes into account federal, state and agency rules and includes a checks and balances process to ensure that the chosen classification has a solid precedent. We take compliance seriously on your behalf! Contact us if you want to see if a partner could make your business better or your life easier.
The post Do You Engage Independent Contractors? The States Where it’s Riskiest And What You Can do About it appeared first on PayReel.
Frost & Sullivan’s Roopam Jain shares her insights in this blog: Expect the Unexpected, Planning for the Future Workplace
The post Expect the Unexpected Planning for the Future Workplace appeared first on AVI-SPL Digital Enablement Services Provider.
A good payroll service is effective with even the most intricate, multifaceted, heavily-regulated industries around. Video production is up there with the toughest industries (it’s called a production for a reason)! Media managers oversee an incredible about of details for multiple teams of independent contractors and freelancers and, when their productions get big enough, it can be a huge relief to outsource some of the most tedious aspects of their work to partners who specialize in those aspects. Enter a video production payroll service that specializes in breaking the relentless cycle of onboarding, chasing signatures, coordinating invoices, verifying timekeeping and researching the ever-changing Department of Labor compliance guidelines.
Effortless Onboarding
One of the most tedious and high-stakes aspects of engaging independent contractors is the up front paperwork. There are endless ts to cross and is to dot. Add the ever-changing compliance requirements from the Department of Labor and it’s enough to justify serious attention to the subject. But productions require serious attention in so many other areas so a partner that can simplify onboarding can make seriously better for media production teams. A payroll service that you can confidently outsource all of onboarding clerical work to will be one that is proactively addressing all the compliance issues related to engaging video crews and/or production teams.
Online Timekeeping And Painless Payroll
Video productions are a world of their own! It’s not uncommon for one contractor to fulfill multiple roles with different pay rates. Tracking the rules around overtime, special holiday rates, and making sure team members get the breaks they are entitled to by law can be overwhelming. An online service that keeps track of those details is a game changer. Look for one that also allows workers to input their information and supervisors to approve everything in one place. In a world with so many complex details, automation is key. The best payroll service allows media managers and supervisors to stop chasing people for paperwork, invoices, and time sheets while minimizing hiring costs and optimizing production efficiency.
The Bottom Line
If a service that automates and streamlines everything from the hiring process to payroll, PayReel’s digital platform is where it’s at. It is the perfect resource for your specific production needs. Find out how we can help you make your next production your smoothest yet.
The post What to Look For in a Video Production Payroll Service appeared first on PayReel.
Much of making the most of a shoot and preventing extravagant costs relies on the location in which you host the shoot. Our team created the below infographic to help you pick the right corporate video location in order to save you money.