Human Resource Outsourcing

The concept of Human Resources is quite common nowadays in general industry business. Unfortunately, in emerging markets such as Cannabis, companies are too concerned with sales and growth to concentrate on the need and value to handle these functions internally with a dedicated expert in this area of business. In situations such as this, these HR functions usually fall on the shoulders of the business owner or their trusted manager. With an industry growing and competitive as Cannabis, how can a business concentrate on growing their market share if they are stuck working in their business instead of on their business? Luckily, for companies focused on growing on demand, the concept of Human Resource Outsourcing through a Professional Employer Organization (PEO) is able to provide both time and money back to its end user by handling these administrative functions on an outsourced basis. Figures from the 2018 NAPEO Economic Analysis shows that companies who outsource their HR function save on average $450 more than their counterparts who internalized these functions. This figure does not begin to touch on the value of the free time a business can now concentrate on revenue generating activities. THC123 can solve all the problems above.

Areas where THC123 can help:

  • Payroll Management and Tax Management

As your Professional Employer Organization, THC123 will internally process each employee’s paycheck using the Prism HR Software program. Prism HR is the leading payroll software provider to the PEO Industry.

Payroll preparation and check delivery

Calculate and process payroll deductions

Process employee tax levies, child support, and garnishments

Wage and employment verification

Direct deposit of paychecks

Pay Card program

Time clock system

Online payroll reporting system

Calculation of FICA, FUTA, SUTA and other employment taxes

Assistance in filing of 940’s, 941’s, state, and local tax returns

Payroll Management Reports

  • Federal Law Compliance

Equal Employment Opportunity (EEO)

Fair Credit Reporting Act (FCRA)

Fair Labor Standards Act (FLSA)

Immigration Reform & Control Act (IRCA)

Labor Management Reporting & Disclosure Act (LMRDA)

Health Insurance Portability & Accountability Act (HIPAA)

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Employee Retirement Income Security Act (ERISA)

Social Security Number Privacy Act

Affordable Care Act (ACA)

Age Discrimination In Employment Act

Civil Rights Act of 1964

Equal Pay Act

Employee Polygraph Protection Act (PPA)

Uniformed Services Employment & Re-Employment Rights Act (USERRA) Americans with Disabilities Act (ADA)

Family & Medical Leave Act (FMLA)

Local & State Marijuana Laws

  • Human Resources

Background Screening

E-Verify

Job Descriptions

Non-Compete & Non-Solicitation Agreements

Adverse Action Process

Credit History Check

Criminal Background Screen

Drug Testing

Education Verification

Employment/Income Verification

Motor Vehicle Record (MVR)

Social Security Number Verification 

Communication of HR Policies

Compensation & Benefits Summary Reports

Department of Labor Wage and Hour Complaints

EEOC Complaints

EEO-1 Reporting

Employee Handbooks

Grievances and Conflict Mediation

Investigations: Harassment and Discrimination

Labor Census Surveys – State/Federal

New Hire Reporting

Performance Management

Personal Leave and FMLA Administration

Policy Writing

Terminations

Training on Topical HR Issues

Verification of Employment

  • Employee Benefits

5500 Filings

ACA Tracking & Reporting

Assist Employees with Benefit Questions & Claims

Carrier Bill Payments

Census Reporting

COBRA Administration

Eligibility Notices

Employee Premium Collection

Flexible Spending Account (FSA) Administration

Maintain Employee Benefit Files

Mandated Notification

Medical Support Notice Administration

Plan Audits/Renewal

  • Workers’ Compensation and Risk Management

Annual and Interim Audit Completion

Certificate of Insurance Requests

Workers’ Compensation Claims Reporting

Claim Management, Payment, & Reserve Review

Policy Management

Policy Additions/Deletions

Workers’ Compensation Payroll Reports

Premium Payments

Carrier Requests

OSHA 300 Logs

Post Accident Investigation

Safety Consultations & Loss Control Services

Job Safety Analysis

Safety Training