Payroll Administration | Before PEM | After PEM |
---|---|---|
Prepare and distribute payroll checks | 6 hr / mo | 1 hr / mo |
Compile year-end W-2s | 4 hr / yr | None |
Deposit state and federal withholding taxes | 3 hr / mo | None |
File quarterly tax returns | 6 hr / qtr | None |
Pay unemployment and workers' comp | 2 hr / qtr | None |
Maintain vacation and sick leave balances | 1 hr / mo | None |
Provide direct deposit | Not cost effective | None |
Benefits Administration | ||
---|---|---|
Administer health benefits | 10 hr / mo | None |
Retirement plan adminsitration | 2 hr / mo | None |
Administer Cobra accounts | 2 hr / mo | None |
Risk Management | ||
---|---|---|
Coordinate risk analysis and site visit | 8 hr / qtr | None |
Provide safety materials | 2 hr / mo | None |
OSHA Compliance | 2 hr / mo | None |
Provide safety training | 2 hr / mo | None |
Unemployement and workers' comp claims | 8 hr / yr | None |
Human Resources | ||
---|---|---|
Hiring | 8 hr / yr | 2 hr / year |
New hire orientation | 10 hr / yr | 3 hr / yr |
Employee Handbooks | $1000 | None |
Supervisors Handbooks and forms | $1000 | None |
Immigration compliance | 4 hr / yr | None |
Total time spent | 340 hr / yr | 17 hr / yr |
---|---|---|
Difference | 323 hr / yr | - - |
Total Additional Costs | $5,000 | - - |