Do you own your own construction company? Perhaps you are looking to expand to accommodate business growth? Are you looking to get yourself out of the office and onto the jobsites? The construction industry is one that has a lot of regulatory red tape. From human resources, to INS requirements to workman’s compensation, the nature of the business is not only highly administrative but requires support from people who are well versed across industry regulations. Depending on the size of your company, having someone on full time to support the human resources and legal functions can be extremely expensive. So how do you run your business, stay compliant and increase your bottom line?
You outsource. Professional Employer Organizations have long been supporting the construction industry by taking on functions like payroll, human resources administration, OSHA compliance, health insurance and workman’s compensation. In addition to those areas, PEOs also specialize in I-9 compliance – focusing on immigration and INS work requirements. Should there be violations, your PEO will address them and identify the steps required to solve the issues.
In addition to I-9 compliance, PEOs are also there to provide payroll support – from cutting checks to auditing pay methods to ensure compliance with the Fair Labor Act, PEOs have you covered. Payroll administration also includes W -2 and W-3 summaries, maintaining records, handling withholding taxes, filing tax reports and monitoring tax laws.
Another area that can be a challenge for construction companies to handle is benefits administration. By engaging a PEO, you can take this off your plate. With the recent implementation of the ACA, benefits and insurance are more complex than ever. A PEO will not only ensure that you are compliant but also will address any items like benefits assistance for low wage employees.
Workers Compensation. The phrase generally sends shudders down the spine of any construction business owner. Why? It’s expensive, complicated and easily manipulated. By bringing on a PEO to manage this area of your business, you can be assured that risk will be properly assessed, claims will be handled, audited, monitored and analyzed. PEOs can also help implement drug free workplace policies and OSHA compliance training.
You must be thinking – how can a PEO do all of this and save me money? PEOs are experts in our field – we know how to deliver the best services at the best prices for our customers. Most save on average 25% by outsourcing. Interested in hearing how we can help you get back to focusing on your businesses, your jobs and your bottom line? Contact us today for a consult!