3 dangerous employment trends “how to avoid them”
Post on 19-Dec-2015
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TRANSCRIPT
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3 Dangerous Employment Trends
“How to Avoid Them”
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State of the Economy• Controlling costs in our
current business climate is more important than ever.
• Costs of doing business are rising while companies are being asked to reduce selling prices in order to remain competitive.
• This makes it very difficult to maintain good profit margins.
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Shrinking Profits
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3 Dangerous Employment Trends
1. Healthcare costs
2. Payroll costs
3. Cost associated with an ineffective employee or a bad hire.
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Healthcare is Our Biggest Challenge in the 21st Century
• How will your company respond?
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Out of Control Healthcare Costs
• Inefficiencies in our healthcare industry along with an increase in the amount of people that can not pay their bills have created a skyrocket effect for healthcare costs.
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20 Year Look
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Unemployment Claims Effect on Payroll Tax Rates
With the number of unemployed increasing dramatically these past two years. Many company’s unemployment tax rates have risen substantially.
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How can employers mitigate unemployment claims?
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Payroll Costs on the Rise
• Unemployment claims drive up your unemployment tax rate.
• The new unemployment tax rate affects the payroll cost for your entire company.
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Unemployment Claims Affect on Payroll Tax Rates
* Even a 1% rate increase can be big bucks once you spread this out over the entire payroll of the company.
Example: 1% increase in your rate x $5,000,000 = $50,000!
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Hidden Cost
• Unemployment tax rates - tend to be a hidden cost within a company’s cost structure, but can be a significant contributor to increases in payroll costs.
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Costs Associated with a Bad Hire
• How can companies avoid throwing there money away by making bad hires?
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Cost of a Bad Hire
• Costs associated with a bad hire or an ineffective employee vary from company to company but the national average is $60,000!
• This bad hire doesn’t
just have a monetary effect but also a huge effect on the morale of the department that this person was working in.
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Additional Costs of a Bad Hire
• Recruiting costs.• Retraining costs.• Unemployment claim’s
affect on your company’s rate.
• Opportunity cost of not having an effective employee in that position to begin with.
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Where We Are So Far Three dangerous employment
trends:
1. Healthcare. 2. Payroll costs associated with
unemployment claims.
3. The costs associated with a bad hire.
All 3 chip away at the profitability of a company.
So how can a company minimize the risks associated with these dangerous trends?
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Action Staffing, an Extension of Your Human Resource
Department As an extension of
your human resource department, we eliminate the risks associated with:
1. Rising healthcare costs
2. Rising payroll taxes3. The costs associated
with a bad hire
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Healthcare
We provide a benefit package that is very comprehensive and includes:
• Medical • Dental • Vision • Short term disability• Term Life Insurance
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No Need to Take Employees Permanent Anymore
The two main reasons that companies transitioned employees from temporary to permanent was for:
1. Benefits 2. Retain good
employees This is no longer necessary since Action Staffing can provide the benefit package that so many employees desire.
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Payroll Taxes Covered
• We pay the payroll taxes.• We pay the unemployment
claims. • This allows you to have
seasonal increases or decreases in your staff without feeling the pain of your unemployment tax rate increasing.
• These unemployment costs can be significant.
• We are experts at managing them effectively.
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Bad Hires are Eliminated
Ineffective workers can be replaced overnight without missing a beat.
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Action Staffing Bundle of Service Offerings
• Short term temporary• Long term temporary (remember our benefits
package) • Temporary to
Permanent • Permanent Placement• Customize a plan for
your business
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About Action Staffing
• Founded in 1959• Still a family owned
business• Experienced staff• Personalized service• Quality guarantee
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Rate Structure
Our markup is a function of five key elements:
1.Number of temporaries utilized.
2.Workers compensation rates in your business category.
3.Type of workers needed.4.Your payment terms.5.Your budget for the
temporary workforce.
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Comprehensive Insurance Package
-Workers compensation
-General liability-Umbrella policy
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We are Not an Employee Leasing Company
• We are so much more• Full service recruiting• Advertising for your
specific positions• Employee selection from
our data base of over 3,000 candidates
• Outstanding personalized client services
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Back to Basics by Action Staffing
• Understanding your needs• Advertising for your positions• Continuous recruiting• In-depth interviews• Customized testing• Extensive Reference checks• Criminal background checks• Drug testing• Prepare each candidate
before they arrive at your facility
• Replacements within 24 hours
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Our Team of Experts
• Passion for staffing• Repeat the “Back to Basics”
of staffing each day• As a result we are experts in
our field • Go the extra mile to provide
staffing excellence to our clients
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Reduction in Risk with Efficient Productivity
• Tremendous flexibility as you manage your overall staffing strategy
• Eliminate your risk of exposure for workers compensation claims
• Maximize your efficiency by adjusting the number of employees needed for each project
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Summary
1. Healthcare costs can be stabilized
2. Payroll costs will go down since we cover all taxes and unemployment claims
3. Costs of bad hires are eliminated
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Increase Potential for Profit
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• Please contact us today:• 770-645-6300 • [email protected] or
[email protected]• Action Staffing• 918 Holcomb Bridge Rd. Suite 100• Roswell, GA 30076