HR Value Pyramid Human Resources (employees) impact every single part of a company's P&L, with small HR improvements offering dramatically increased profits, and small HR mistakes capable of devastating the bottom line. Identify your Business Objectives, and HRIM will show you how HR will help you achieve them. (Use the 'interactive' HR Value Pyramid screen in our Strategic HR Management Solutions (SHRMS) software for custom impact illustrations in your areas of interest.) Maximize Profits Business Strategies Numbers in parentheses in each Strategy or Tactics box indicate how many of the listed 188 HR Tasks, Products, and Services MAY impact that area. Increase Revenue Protect Revenue (123*) (24) Business Expense Management Long Term Business Cost Containment (178**) (49) Cost Avoidance Lawsuits Cost Avoidance Fines Business Productivity (68) (42) (123*) HR Strategies * "Increasing Revenue" and "Business Productivity" can be impacted by any or all of 3 major HR areas of "Turnover", "Talent Attraction", and "Employee Productivity". HR Expense Management Leveraging HR Time Business and Asset Protection Long Term HR Cost Containment Turnover Reduction Attract Best Talent Employee Productivity (178**) (172**) (99) (49) (97) (79) (81) HR Tactics ** ALL HR Tasks, Products, and/or Services take Money and/or Time to implement. How much Money and Time are being spent on HR depends on what is currently being done. Recruiting (31) Hiring (43) Compensation (24) Employee Benefits (64) Payroll / Tax Administration (44) Performance Management (77) Workplace Liability Management (35) Workplace Safety / Workers Comp (44) "Other" Employment Compliance (51) Record Keeping / HRIS Technology (116) Separation (50) 188 HR Tasks, Products, and Services Human Resource forecasting / planning assistance Wage / salary administration & research Credit Union WC - upfront deposit management/negotiation Recruiting strategy assistance FLSA compliance and guidance (1+) Payroll processing: internal software (plus checks, materials, Pay-as-you-go etc) WC coverage Employment application updating / compliance Incentive pay plans Payroll processing: payroll service and/or online processing Annual wage & premium audit administration Job Description writing (first time for whole company)Executive compensation plans Timeclock system Experience Modifier verification / correction Job Description updating and for new hires Total compensation statements Time and attendance GL interface capabilities Long term WC cost containment strategies ADEA compliance / guidance (20+) PTO (vacation / leave) policy development Direct deposit WC claims administration / first report of injury ADA compliance / guidance (15+) PTO (vacation / leave) policy administration Pay card (debit card) processing Accident investigations EEO compliance / guidance (50+ & Fed Cntrts, or 100+)FMLA compliance / guidance (50+) Quarterly form 941 filings (1+) Post accident drug testing Job posting ad design USERRA compliance / guidance (1+) State(s) quarterly withholding tax filings and deposits Return (1+) to work programs Job posting ad / job board placements PPACA compliance / guidance (50+) State(s) Unemployment Insurance (SUI) quarterly tax Lost filings time (1+)frequency tracking Job posting ad / job board discounts ERISA reporting / disclosure (Form 5500, SARs, etc) (1+) W-2 and W-3 preparation and distribution (1+) Safety audits / inspections Staffing agency assistance Retention strategies / benefit plan design Federal unemployment administration - 940 filing (1+)OSHA compliance (1+) Recruiter / Headhunter firm assistance Employee benefits communication / education State(s) Unemployment Insurance account & rate (1+)OSHA 300 log maintenance (11+) WOTC planning / administration Annual shopping / comparing benefit options SUI experience rate(s) verification / negotiation Safety manual development / updating Applicant tracking system Annual rate negotiation Certified payroll Safety training Coordination of the interview process Long term benefit plan cost containment strategies IRS compliance / correspondence (employment related) Certificates of insurance administration Applicant resume reviews Group Health / Prescription insurance coverage CCPA compliance / guidance (1+) HR audit(s) Supervisor Training - Interviewing Group Dental coverage Garnishment liability / paperwork processing (1+) Employment rights posters cost / updating (1+) Employment phone interviews Group Vision coverage Lost checks - stop payments / re-issue GINA compliance assistance (15+) Employment personal interviews Group Life coverage Responding to employment and wage verification request Wage and hour claims response Employment verifications Group Short Term Disability coverage Job analysis DOL communication assistance Motor vehicle record checks Group Long Term Disability coverage Skills training EEO compliance - EEO-1 (50+ & Fed Cntrts, or 100+) Criminal background checks Research / answer employee questions on benefits Career path planning Affirmative action plans (Fed cntrtr's) Offer letters Benefit plans premium reconciliation / payment Succession planning Title VII compliance / guidance (15+) Employment agreement design / writing Open-enrollment meetings / administration Performance appraisal system assistance and trainingBLS response Confidentiality agreements Employee eligibility / change tracking and processing Supervisor training - Team Building Union / labor relations administration Non-compete agreements Health / wellness programs Goal setting strategies Human Resources compliant forms resource Non-solicitation agreements Voluntary benefits plans shopping Supervisor training - Employee Counseling Employee files management - HIPAA compliance (1+) Arbitration agreements Voluntary benefits enrollments / administration Drug testing (reasonable cause, random, periodic) Employee files management - retention tracking Post-offer drug testing Voluntary Dental Disciplinary/probation policies / procedure development Employee files management - timely destruction Cost-per-hire analysis / control Voluntary Vision Disciplinary/probation action - documentation / implementation Employee anniversary assistance date tracking Pre-employment testing Voluntary Life Grievance / complaint procedure policy development Tracking of skills, licenses, and certifications Pre-employment test benchmarking Voluntary Disability Supervisor Training - Grievance Procedures HRIS (Human Resource Information System) - system mgmt & fe Orientation of new employees Retirement Plans - Standard 401k, Safe Harbor, Roth Employee handbook development / printing HRIS - manager access & training DFWA compliance / guidance (Fed Cntrtr's) Retirement plan fiduciary risk management Employee handbook changes / compliance updating HRIS - employee self service access & training PRWORA compliance / administration (1+) Retirement Plan - Form 5500 filing Company newsletter Job costing IRCA - I-9 compliance / administration (1+) Retirement Plan - annual discrimination testing Suggestion system development HR management reports via HRIS (web or on-site) E-Verify Pre-retirement counseling / retirement planning Workforce attitude surveys Tracking of company issued property W-4 administration (1+) College Savings Plan (529) administration Reduction-in-force analysis Supervisor Training - Termination Procedures State withholding forms administration (1+) Tuition reimbursement plan Absenteeism frequency tracking State(s) unemployment claims administration (1+) Insurance coverage acceptance / waivers Premium Only Plan (125) administration EPLI - Employment Practices Liability Insurance Attendance at unemployment hearings Retirement plan enrollment / waiver FSA (125) administration Employee litigation response WARN compliance (100+) Handbook review / receipt documentation Dependent Care (125) administration Employee / Supervisor Training - Sexual Harassment COBRA administration and liability (20+) Employee onboarding process HSA / HRA plans Supervisor Training - Violence in the Workplace HIPAA administration and liability (1+) Turnover cost analysis Profit Sharing plan Employee / Supervisor Training - Substance Abuse Severance package design Turnover frequency tracking Profit Sharing program administration Supervisor Training - Discrimination Outplacement assistance/services Compensation plan and strategy assistance Employee Assistance Plan (EAP) Workers Compensation (WC) coverage (1+) Exit Interviews Strategic Human Resource Management Solutions software Copyright © 4-Profit-HR. 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