Health Insurance
With the recent changes to the health insurance industry and the proposed changes to nationalized healthcare, it will be mandatory for businesses to provide and cover their work force with health insurance benefits. Some states have even gone as far as to require that an insurance policy is offered to their employees or they will face steep fines and potential closure of your business. The Internal Revenue Service has authorized tax credits to small and medium size businesses that offer health insurance benefits for their employees. According to the IRS website, the Patient Protection and Affordable Care Act was put in place to make companies aware of the benefits of the recently-enacted small business health care tax credit. According to the website, “For tax years 2010 to 2013, the maximum credit is 35 percent of premiums paid by eligible small business employers and 25 percent of premiums paid by eligible employers that are tax-exempt organizations. The maximum credit goes to smaller employers — those with 10 or fewer full-time equivalent (FTE) employees — paying annual average wages of $25,000 or less. Because the eligibility rules are based in part on the number of FTEs, not the number of employees, businesses that use part-time help may qualify even if they employ more than 25 individuals. The credit is completely phased out for employers that have 25 FTEs or more or that pay average wages of $50,000 per year or more.” While this will assist in alleviating some of the costs associated with paid premiums for eligible health insurance programs, companies will still be required to pay the entire amount up front. By working with Outsource Professionals, we can drastically reduce your health insurance costs, while allowing your company to offer the employees top notch to assist in attracting and retaining quality employees.
Overhead Reduction
With the unpredictability of the current business market place, now is the time to sort out the costs and efficiency of the sales team. Through the years of boom it has been easy to let the sales guys just get on with their job as long as they bring in the results. Now there is a potential recession and all the associated belt tightening that is being done, the cracks will start to appear in the sales process. Only the brilliant and / or efficient will survive. Or there is an alternative outsourcing part or all of the sales process. The principle of outsource is that of increasing efficiency and reducing cost and HR related burdens. Specialist outsourcing has dedicated resource that allows for both economies of scale and specialist skills sets. As a result when you outsource you receive concentrated and highly trained personnel who can work solely on their specific role in an environment where everyone else has the same responsibilities. Sales and marketing departments are notorious for their distractions and cross over of work allocation. If some of these key functions can be removed and the personnel in the sales and marketing department can concentrate on their more specific roles it creates much greater efficiency and therefore better results.
Outsourcing allows its practitioners to reduce overhead expenditures, increase speed, flexibility and response times, and improve organizational efficiencies.