Tag Archives: Payroll

6 Reasons Why Workforce Ready Just Works

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We’ve told you how Workforce Automation can help your company operate more efficiently, helping ensure that nothing falls through the cracks. However, be advised, not all human capital management systems are created equal. 

We’ve done our homework and vetted hundreds of different softwares before choosing Kronos’s Workforce Ready for our clients. Workforce Ready’s state-of-the-art technology automates all administrative processes, making it easier for you to hire, onboard, track performance, administer benefits, and everything in-between. 

Here are some of the reasons why we think Workforce Ready is the best in the market:

1. Talent acquisition driven by data.

Talent Acquisition Dashboard Mobile App

No more losing track of where top tier applicants are in the hiring cycle, especially when hiring for multiple positions. Workforce Ready help you effectively source, track, hire, and evaluate talent so you can fill your positions quickly and with the right people. Plus their streamline applicant portal helps reinforce your brand and makes it easy for applicants to search for available positions, on the go. 

2. Seamless onboarding.

Onboarding made easy

Once you’ve acquired top talent, you want to ensure that your onboarding experience is clear, consistent and engaging for each and every new hire. The days of new employees wasting their first week trying to decipher a barrage of confusing documents are over. Workforce Ready employs an effective onboarding approach that includes an overarching onboarding checklist to ensure all key documents are completed plus they offer a mobile-friendly experience so new hires can address sensitive onboarding items from the comfort of their home. Ultimately, seamless onboarding leads to better new employee retention, reduced turnover, and faster time to productivity. 

3. Performance management that gets results.

Performance Management

Continuous feedback is an essential component of an effective performance management strategy because it helps provide managers with real-time feedback tools so they can nip even small problems in the bud, nurture growth, and recognize stellar employees. Managers have full visibility into whether their team is on track for quarterly goals, all without the use of cumbersome paper forms.

Want to learn more? Download our “CorpStrat for Human Capital Management” to dive deeper into our cutting edge HCM solutions.

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4. Employee benefits management that just makes sense.

Benefits Management

Administering benefits can be complicated and costly for employers and confusing for employees when not done right. This is where technology plus industry know-how really comes together, we have created a mobile-friendly benefits management tool that presents benefits in a clear, organized way to help employees easily understand and choose the best package for them. It goes even further, with our data-backed approach, employees can input their preferences and receive personalized benefits recommendations.

5. Automated, accurate time & attendance that you can rely on.

Time and Attendance TLM

Accurate time and attendance records are so important in ensuring compliance and keeping labor costs down. With Workforce Ready, you’re not working with disparate systems that need to talk to each other. Instead, time and attendance data is collected into a single database, reducing errors and eliminating the need to do ad hoc calculations. With Workforce Ready’s mobile app, employees can gain immediate access to their HR, schedule, and pay data. Employees can punch in and out with GPS coordinates, submit time sheets, view their schedules, and more, all from the app. 

6. Efficient payroll management that makes compliance easier than ever.

Payroll

Maintaining payroll accuracy is vital for building trust with new employees, adhering to compliance, and boosting efficiency within the company. With Workforce Ready, unified HR, time and attendance, and Payroll puts the power of “single source of truth” into your hands. This means that your people are able to make more informed business decisions in the moment, Payroll information is synced across all channels, errors are eliminated, and employees and managers are aided by charts and graphs to help make sense of all the data. Payroll has to take into account thousands of federal, state, and local codes that are updated quarterly in order to remain compliant. In Workforce Ready, these calculations are done automatically so there are no computational or filing errors.

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Have questions about how Workforce Ready can transform your business? Schedule a call or email us at marketing@www.corpstrat.com today!

big payroll problems

6 Reasons Why Choosing “Big Payroll” Can Lead to Trouble

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big payroll problems

Choosing “big payroll” is a lot like buying big box furniture. We can understand the appeal: it’s cheap, available everywhere, and does the job. However, if you had the opportunity to go to a craftsman who made custom pieces suited to your home for roughly the same cost, wouldn’t you jump at the chance? As a small firm, we’re able to give you that bespoke experience by combining our exceptional service, innovative thinking, expert knowledge, and best-in-class products. 

At CorpStrat, we’re here to make payroll personal. This means instead of long hold times and endless phone trees, you have a dedicated support team that always answers when you call and actually cares about you and your business. Additionally, we have the flexibility to find creative strategies and solutions to make sure your company is on the best track. Here are some things to consider before choosing “Big Payroll”:

1. You won’t have a dedicated payroll specialist in your corner. 

Speaking to a new rep every time you have a question can become time consuming. Our team is set up so that when you call with a question, you get connected directly to “your” person. It is of utmost importance to provide every one of our clients with round-the-clock support, robust reporting, and out of the box solutions that can save time and money. We handle your team’s payroll as if it’s our own. 

2. You’ll find yourself constantly stuck on hold, even if you have a pressing issue.

After a warm onboarding, “big payroll” suddenly stops answering your calls. No one has time to stay on hold, especially if you’re dealing with a payroll concern. We can guarantee that every time you call us, your dedicated representative will answer and walk you through the issue at hand. 

3. Even when you do get someone on the phone, they don’t know anything about you or your business. 

Many giant payroll companies are volume-based which means they’re built to prioritize reaching their quotas rather than giving you the best service. We fervently eschew this type of thinking which is why we take the time to get to know the ins and outs of your business so we can provide concierge-like service with an “I’m on it” attitude. 

4. Payroll rates appear affordable but come with hidden fees and little to no compensation for errors.

“Big payroll” often touts its affordability, this comes back to them being volume-based. However, these sharply slashed prices come with a hidden cost: fees. These fees can run the gamut from cancellation fees to initiation fees to charging you for errors (even if the errors occurred on their end). We’re all about transparency. This means no hidden fees and complete peace of mind. Plus, we’ll make sure you’re the first to know if new rates or policies are issued. 

5. You end up using bloated platforms with out-dated tech that is confusing and doesn’t work as promised. 

Many “big payroll” companies offer piecemeal solutions that are cobbled together into one disjointed “platform”. Our award-winning payroll system features single sign-on, employee self-service, and state-of-the-art and mobile-optimized technology. On top of that, we can customize the tech for your team specifically. 

6. You don’t get answers to your queries in a timely manner. 

When it comes to payroll concerns, you can’t drag your feet. Often you need an answer quickly otherwise it can lead to a domino effect of more errors. Every member of our team works tirelessly to ensure you get the answers you need the moment you need it so you’re never left in the lurch. 

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See how CorpStrat Payroll can transform your business. Contact us today at marketing@www.corpstrat.com 

ERISA Compliance – What Every Employer Needs to Know About Plan Documents

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Imagine an agent from the Department of Labor walks in your office and asks for your ERISA documents. For 90% of employers, the answer would be “what is that?”. Yet for every employer, maintaining ERISA documents is essential – and here is why:

ERISA is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers.

ERISA includes requirements for both retirement plans (for example, 401(k) plans) and welfare benefit plans (for example, group health plans). ERISA has been amended many times over the years, expanding the protections available to welfare benefit plan participants and beneficiaries.

The Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), enforces most of ERISA’s provisions. Violating ERISA can have serious and costly consequences for employers that sponsor welfare benefit plans, either through DOL enforcement actions and penalty assessments or through participant lawsuits.

All welfare plans are subject to ERISA (medical, dental, vision, life, disability, certain employee assistance and wellness programs, for example) and are required to have a plan document that is memorialized in writing. ERISA further required that the plan document contain specific, express provisions. This means if you deliver any type of benefit program to employees, it’s likely you need a current ERISA document.

How does the DOL enforce ERISA?

The DOL has broad authority to investigate or audit an employee benefit plan’s compliance with the ERISA. The DOL’s EBSA division handles audits of employee benefit plans. To perform these audits, EBSA employs over 400 investigators working out of field offices, many of whom are lawyers or CPAs or have advanced degrees in business or finance. The DOL has authority to assess civil penalties for many different types of ERISA violations.

How can an employer minimize its risk of being audited by the DOL?

As a practical matter, an employer has little control over whether it will be audited by the DOL. However, an employer can take the following steps to help minimize its exposure to a DOL audit:

  • Respond to participants’ benefit questions and requests for information on a timely basis;
  • File Form 5500 on time and make sure it is complete and accurate;
  • Create and distribute participant notices required by law (for example, the summary of benefits and coverage) by the deadline; and
  • Make timely updates to plan documents and summary plan descriptions (SPDs) to reflect legal and design changes.

How can employers be prepared for a DOL audit?

The best way to prepare for a DOL audit is to remain in compliance with the law and establish a recordkeeping system for maintaining all of the important documents relating to your employee benefit plans. Retaining complete and accurate records will help move along the audit process and provide an accurate picture of an employer’s benefit package. As a general rule, these records should be retained for seven years.

Because the DOL has increased the frequency of health plan audits, employers should consider reviewing their health plans for compliance now, before they are selected for audit. It is important for employers to get their health plans’ paperwork in order as part of this process. Don’t be fooled into thinking you are “too small” for ERISA. Employers of every size who provide any type of Employer Sponsored Benefit Plan are subject to ERISA. Ask your broker if you need documents and get them done!

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Lief Organics Leaf Labs

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Lief Organics, is a Valencia-based wholesaler of raw nutrients and ingredients for the natural foods and supplement industry. The company just relocated their manufacturing and distributing to new facilities, with a staff of over 100 and a robust sales team growing to $30 million in sales, Lief needed more space.


Lief Organics has experienced amazing growth by creating an environment that attracts high-level talent, an energetic and amazing workspace, and by delivering high-touch employee benefits through CorpStrat. 

Adel Villalobos, The President and CEO was born with a knack for 2 things; science and baseball. He would eventually use baseball as his motivation to attend California State University Northridge, to obtain his degree in Biochemistry and Nutrition. Once enrolled, Adel further realized his passion for science and decided to focus less on his baseball mitt and more on garnering any experience he can get in what was then a relatively new and burgeoning Nutraceutical Industry.

He eventually landed a part-time job as a Customer Service Rep with a company called Natrol. It was at Natrol, where the seed of eventually starting his own company was planted. Adel, was eager to learn and was willing to try his hand in various departments at Natrol, from Customer Service to QC Lab Tech to Marketing, Product Development and even Legal. After moving around all the departments at Natrol, Adel knew what his next step needed to be, and that was to try to make it on his own as a leader in an industry that he has grown to love. In 2008, Adel would eventually go on to start Lief. At the time, equipped with only big dreams and humble beginnings, have now grown into a 140,000 sq. ft. Contract Manufacturing Facility in Valencia California, just 20 minutes north from his home that he shares with his wife and 2 children.

“I love being a part of the professional and personal growth that happens when you are in the Health Sector.  Our industry attracts great people.  Whether it is our staff or our clients. And I am committed to building great relationships and spreading quality supplements worldwide.”

 
Lief’s VP, Victor Leyson, has been working with CorpStrat for nearly 11 years, Lief’s employees receive employee benefits, payroll, and communicate with their employer through CorpStratHR robust Human Resource Management System The HR platform that delivers a “hire through fire” cloud-based way for companies to manage their people and their employment lifespan. “CorpStrat has been a key advisor and catalyst for our growth and unusual amazing advocate for our company” says Leyson. “I value CorpStrat as my one stop shop for guidance and honest /sound advice on all our benefits and Insurance needs from a more global level.”

 

Please contact us for more information or questions regarding your HR needs.

We May Not Own The Building, But Our Name Is On Top!

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The “CorpStrat” headquarters is located near Desoto and the 101 freeway.

 

 

 

 

 

 

 

 

How We Celebrate

CorpStrat celebrates its 25th year in business this year, and what better way to showcase our success than with our logo atop our new headquarters. In January, we moved to Woodland Hills CA, and we officially emblazoned our new offices this past month.

CorpStrat has been named one of the Top Insurance Brokers 2017 by both the San Fernando Valley, and Los Angeles Business Journals. The firm is a member of Anthem’s ACE team, Blue Shields’ President Council, and the firm’s principals maintain Life and Qualifying Member status of The Million Dollar Round Table, an elite group of professionals representing the top 1% of successful insurance and financial service advisors in the USA.

We are proud of our growth, our success and future. Our staff stands ready to help companies and professionals with Employee Benefits, Payroll, HR Technology, HR Compliance, and Business insurance planning.