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Incorporating this new requirement into a company’s benefits may be particularly difficult for small organizations where being one man (or woman) down has a significant impact on workflow. It also presents a dilemma for businesses operating in multiple states, including New York.
Co-employment is the legal structure that professionalemployerorganizations (PEOs) and their client companies use to share HR responsibilities. As with any contractual relationship, it’s important that each party in the co-employment agreement fully understands all the nuances of the arrangement.
But did you know that these folks with their hands out, including the employee themselves, actually present a liability for your business? Indeed, these so-called payroll liabilities are defined as any type of payment owed as a result of running payroll. The worst part? You must repeat the whole process a mere two weeks later!
Benefit enrollment has come a long way—where it once involved filling out stacks of paper, many companies now have the opportunity to utilize electronic benefit enrollment systems, which I highly recommend. Small businesses don’t always have electronic benefit enrollment systems because of the expense and time involved in implementing them.
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