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