According to a white paper published by TriNet in 2009, one of the "Top 5 HR Compliance Concerns for Small Business" is Current Benefit Regulation and Law Not Being Followed. "Small businesses spend 80% more per employee on federal regulatory compliance than large companies." This is further supported by a "Heath Care Policy Cost Index: Ranking States According to Policies Affecting the Cost of Health Care" conducted by The Small Business & Entrepreneurship Council's (SBEC). Beyond premiums that are traditionally 18% higher, small business owners do not have the infrastructure to manage the multitude of federal and state regulatory requirements associated with Employee Benefits Administration. SBEC states that "Additional negative factors in the health care equation are government mandates and regulations... But each mandate comes with added costs." Management 2000 is a Small Business PEO with offices located in Dayton, OH and Indiana with an Employee Benefits Management team waiting to assist your small business in remaining complaint with both federal and state requirements. You may not be able to control the many mandates currently facing your business but you can maximize available resources thereby minimizing the overall cost and impact.
In an ever-changing environment, why not bring stability to your business and employees by utilizing the expertise of a Professional Employee Organization.
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