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PDF Editor FAQ

What are the steps to approach a staffing and payroll services consultant?

Staffing and Payroll Services Consultant in AhmedabadA good staff and Payroll services consultant should be experienced in souring talent and filling job orders. Depending on the needs of the organisation you can approach a good staffing and payroll services. We have listed down some important points to be considered to approach staffing and payroll service consultant.Decide on your staffing niche and stick to itStarting an I.T. staffing firm because you’ve heard the margins are high but know nothing about I.T., is not the right route to take. Clients want a service provider that understands the specific skill set they need to stick to what you know. Location is everything. Before you open your doors just because it’s close to home, ensure you have checked out the area. Who’s your competition? Are candidate’s accessible? Is there a good size client base in the area? Do some research in order to align your business goals with reality?2. Obtain great legal counsel that knows to staffA large chunk of investment for new staffing agencies is getting the legal advice to ensure due diligence when it comes to the paperwork for clients and candidates. Ensure the legal counsel you seek out understands staffing and the provincial legislation that pertains to it. Documentation required for temp staffing agency start-ups will include Employment Agreements, Termination and Layoff Clauses, a Disciplinary Policy, a Health & Safety Policy, A Workplace Violence and Harassment Policy, and a Service Agreement for clients.3. Secure payroll financingMany start-up temp agencies don’t realize they are responsible to pay temp workers out of pocket while they wait for their clients to pay – which are usually around 45 or 60 days past the invoice date. Securing the financing for payroll can be possibly the single most important step in securing the success of your startup staffing firm. Start-ups with a healthy cash flow are fit for survival.4. Secure insuranceMany clients’ want proof that you have a certain level of insurance should a temp worker cause damage while working on their site. Securing affordable insurance that meets your clients’ needs is imperative and can be costly. Ensure you talk to an insurance company that understands staffing so when you need it, you are covered for every type of scenario.5. Get an applicant tracking systemHow will you track applications, testing, and certificates for candidates? How will you keep track of your client calls? You may be able to utilize Microsoft office in the beginning but soon you will need something more robust geared to staffing to ensure efficiency. Make sure you research the tools available including their cost, support and functionality.Starting a temp staffing agency is hard work but well worth the effort if you love the industry. Start-up employment agencies found to have effectively managed the above-noted items from the get-go are those that see the quickest success with the fewer bumps and bruises along the way.Real-Time Corporate Solutions provides everything a start-up staffing agency needs to be a success; unlimited payroll financing, in-house legal expertise, compliant templates for candidates and clients, payroll administration, credit & collections department and an award-winning applicant tracking system. Contact us to learn more about our employment screening services and hr outsourcing services.http://www.rtcsgroup.com/blog/steps-to-approach-a-staffing-and-payroll-services-consultant/

How important are Terms Of Service and why? Should one hire a lawyer to draft one?

Assuming you're talking about website / online / software terms and conditions, I would put it in the third tier of importance.Tier 1: Nothing can happen without it. Examples: having a domain name, hiring team members, bringing your car keysTier 2: If you don't do it, inevitable badness will result. Examples: having an accounting system, using employment contracts, wearing pantsTier 3: Everybody does it for a good reason. Examples: hiring a payroll service, setting a vacation policy, wearing undiesFor a typical non-complicated, slightly interactive website, e.g. a news content site, having a privacy policy and terms and conditions are in this third tier, on the level of signing nondisclosure agreements. If you somewhat know what you're doing and have a head for legal things, you can probably do it without a lawyer, though it may be sub-optimal. Many services will help you with it. For example, if you are setting up an e-commerce site, your provider may have a template terms and conditions that works.Any time you get into securities, user-generated content, financial and money stuff, hiring people online, medical things, surveys and sweepstakes, alcohol or cannabis, and underaged users, and probably a dozen more I can't think of right now, you have some extra special concerns that would move it to a Tier 2 issue where you really should have a lawyer. Part of what the lawyer brings to the table is to spot issues where you may need to add detail or change your approach.

What are the best practices for payroll?

Managing payroll for a small team has its challenges. The paperwork and time commitment alone can overwhelm any savvy business owner with hundreds of other responsibilities. Proper payroll requires careful planning and proper tools to get the job done so your employees can expect their pay-cheques to arrive on time, without any errors.Small teams don’t always have a dedicated payroll manager so it ends up being the business owner’s responsibility. If that person is you, it helps immensely to have a set of best practices in mind for tackling payroll for your small business.For those who operate a small business, here is a list of payroll best practices for small teams.1. Keep track of important payroll dates and deadlinesWrite down and track important payroll dates for the fiscal year. Being prepared for deadlines and submission dates are crucial to effective payroll management because missing deadlines can result in unnecessary fees, penalties or interest payments—crushing for any small business owner. That’s why our first and most important tip is to be prepared.For Canada, the best place to find this information is on the Government of Canada payroll website. There, you’ll find everything you need to know on managing employee payroll for your small business.2. Have a payroll communication plan in placeA payroll communication plan is simply a clear understanding of pay structure between you and your employees. The purpose is to avoid any miscommunication, errors or unclear agreements and to help employees understand their net pay. It may be included in the on-boarding package you give to your employees on their first day with information on their pay schedule or how vacation accrual is handled.For Canada, The Canadian Payroll Association recommends the following measures:Publish a template that will identify all elements of the pay statement including details of the earnings and deductionsExplain how different exemption amounts and tax credits can impact net pay, be unique to each individual, and change over timeInvolve payroll in the orientation of new employees and include a sample lexicon in the commencement packageConsider the organization’s broader communication strategies utilizing their intranet, the Internet, and print publicationsPrepare an annual statement of compensation and benefits3. Use electronic pay statementsIf you’ve settled into a nice payroll groove and have been paying your employees on time without a hitch, it might be time to automate. Electronic payroll systems/software have been around for ages and have the benefit of letting the software take care of the more repetitive parts of the payroll process. Employees love the hassle free digital experience and employers love the efficiency.There’s also the added benefit of freeing up more time, cloud data storage, payroll reporting, end-of-year filing, and much more. On payday employees will receive their pay stubs via email — a much more modern approach than receiving a piece of paper in the mail.No budget for software? Many payroll software providers offer free small business payroll as long as you have a limited number of employees. Rise small business payroll for example is free for any business with 20 employees or less. If you are a growing company with over 250+ employees the Avanti has a payroll solution that is worth a try.Payroll software is a massive time-saving tool and is definitely worth adding to your team for the convenience alone.4. Classify employees the correct wayTo file your tax forms the correct way your employees must be classified the right way. You would be surprised at how many companies classify their employees incorrectly. Full time employee or independent contractor? Part-time or volunteer? Seasonal or intern? Knowing the distinction between these types of employee classifications is crucial to proper tax filing at the end of the year.5. Keep your payroll records tidyHaving tidy and well-kept payroll records pays off in the long run. This means all historical records for employees are easily accessible whenever the need arises.We’re past the days of filing cabinets — powerful payroll and HR software systems are now the norm. A human resource information system (or HRIS) easily collects and stores historical data inside each employee profile so that payroll information can be found right when you need it.6. Audit your payroll system regularlyLastly, schedule regular audits of your payroll system to make sure it’s doing the best job possible for your business. Take note of where your payroll process can be improved or automated. These are the areas eating up the most time for your administrators. Is the system producing results? Are mistakes or errors common? Are repetitive tasks optimized for efficiency? Identify what is working and what isn’t and explore proper solutions that suit your needs.Wrapping upEffectively managing payroll for a small team requires a solid grasp of these best practices. If we had to summarize it, organization and preparation are imperative for smooth payroll processing and simple filings at the end of the year.If you are one of the many business owners being overwhelmed by payroll, tools such as modern payroll software are a lifesaver.If this is something that resonates with you, lets connect!

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