Partnership Gwinnett, the community and economic development initiative led by the Gwinnett Chamber and over 160 public and private investors, honored its relocated and expanded businesses for 2011. Eighteen companies were recognized and celebrated for their significant success in business development and job growth this past year.

Companies such as Hisense, Peak 10, Hire Dynamics, I-Tech Staffing, Graham Field, Primerica and Elesys gathered to celebrate their growth and network with community business leaders.

“We are very happy to welcome all of these growing companies to our community,” said Gwinnett County Chairman Charlotte Nash. “Their choice to expand within or relocate to Gwinnett makes a great statement about their confidence in the strength of our business environment and rich quality of life; we look forward to supporting and participating in their continued success.”

The celebration comes in the wake of numerous major expansion announcements in Gwinnett over the past several weeks including NanoLumens, Mitsubishi, Ricoh Electronics, and Primerica – all making significant investments into the community. Partnership Gwinnett’s internationally award-winning efforts have recorded over 285 expansions and 12,500 jobs since its inception in 2007.

“Our public and private community partners that have led the tremendously successful economic development efforts in Gwinnett,” said Nick Masino, Vice President of Economic Development and Partnership Gwinnett at the Gwinnett Chamber. “Their vision and leadership fuel Partnership Gwinnett and enable us to collectively welcome and celebrate with these growing companies to Gwinnett.”

Gwinnett County has maintained the lowest unemployment rate of the five core Metro Atlanta counties for 28 consecutive months as a direct result of such relocated and expansions. In June, the United States Bureau of Labor Statistics (BLS) released its 2010 Q4 County Employment preliminary estimates. The numbers revealed that Gwinnett County is leading Georgia in employment growth, with a significant wage increase in 2010. Additionally, the report identified that Gwinnett’s employment growth was almost double the national average (0.9%) between December of 2009 and December 2010. The robust wage growth year-over-year was identified at 3.7%, the second-highest among large counties in the state and 0.7 percentage points above the national average. Large counties are defined by the BLS as those with employment of 75,000 or more as measured by 2009 annual average employment.

As 2011 comes to a close, so do the first five-years of Partnership Gwinnett. However, Gwinnett is only weeks away from taking its award-winning economic development success to the next level, preparing to unveil Partnership Gwinnett II in January 2012. Watch for more information on this much anticipated launch and for more information on the existing initiative, visit partnershipgwinnett.com.

About Partnership Gwinnett
Partnership Gwinnett is Gwinnett’s economic and community development initiative. Led by the Gwinnett Chamber and a host of public and private partners, the initiative targets the retention and expansion of existing Gwinnett businesses in addition to the development of new business in five key market segments: Healthcare; Advanced Communications; Information Technology; Trade & Distribution; and Regional/Corporate Headquarters. The ultimate goal is to promote economic wealth & diversification, increase education and work force excellence, improve quality of life and heighten visibility through marketing and outreach programs for the entire Gwinnett community.  For more information on Partnership Gwinnett, the internationally award-winning community and economic development initiative, please visit www.partnershipgwinnett.com.

Ready for the most anticipated list of the year? Gwinnett Magazine’s Best of Gwinnett is hot off the presses highlighting what you love most about your home county. They have it all covered here – in 75 plus categories that feature the best restaurants, shopping, doctors, lawyers and more.

Gwinnett’s economic development and job growth were on the up and up this year! From small businesses to Fortune 500 companies, each made their presence known in Gwinnett by bringing an increase in jobs as well as capital investment. In July, the U.S. Bureau of Labor Statistics announced Gwinnett was leading Georgia in employment growth, with a rate almost double the national average. For Gwinnettians, this news promises a bright future ahead despite challenging times. Here’s what  readers told Gwinnett Magazine about their favorite companies in Gwinnett.

Each year, people cast their votes and let their voices be heard. More than 60,000 votes were tallied this year. Einstein HR has won again for the 3rd year in a roll for:

Best Customer Service
Top-notch customer service is crucial to running a prosperous business. By maintaining excellent customer satisfaction, you’ll keep customers around for the long haul.Voters suggested Einstein HR for an exceptional customer experience.

Best Staffing Agency
Many Gwinnett companies rely on staffing agencies to help them find the right person for the job. These companies not only place individuals in the designated position, but also work in partnership with their clients to ensure success. One of the best staffing agencies in our area, according to the readers, is Einstein HR.

Connect with Einstein HR and see how we can help and support your company with all their HR and Payroll services. Call us at 770-962-1700 or contact us here.

Introduction Human Resource Management

With the advent of the Internet and increasing use of technology, organizations have been better able to communicate, implement, research, and embark on strategic changes in “real time” experiences. This has lead to global changes in how a business conducts their strategy to remain competitive.  Outsourcing has become a major factor in this desire to have a competitive advantage over their competition. Outsourcing has been done in manufacturing of goods, provision or services and exchange of ideas primarily to reduce operating cost. One way in which organizations accomplish this cost reduction feature is by outsourcing some of its management functions especially in marketing, logistics, human resources and accounting (http://www.wisegeek.com). These features not only save money in salaries and wages but also decrease other fiduciary responsibilities of the business.

Benefits of Outsourcing

As addressed previously, future business engagement on a business to business basis (B2B) are no longer bound by restrictive forces of time, geography, culture and regulations. Businesses now have the option of outsourcing to some of its primary functions to virtual organizations as a part of its cost cutting initiatives. Wages and benefits in some industries continue to rise and is a main factor in determining production cost. High-payroll inputs have the possibility of creating a negative impact on a company’s ‘bottom line”.  It is estimated that outsourcing in the 21st century will be a fast growing trend in wage and labor cost management systems (Appleyard, Field and Cobb, 2006).

Organizational expansion

During periods of growth an organization quite possible can have conflicts in allocated space in their business environment. Often times, back-office operations, will be crowded out by the front office requirements which might necessitate the need of additional floor space, this requirement can possible be a temporal and needs based requirements of addition facilities, and requirement will increase cost of labor. Outsourcing these functions has the potential of not only reducing expansion cost, but also exponential benefits in increased available capital.

Outsourcing allows corporate entities to examine and consolidate employee wages and benefits into outsourcing packages, which removes, the need for the company to focus on employee issues. Companies can now use this energy in focusing on other organizational task. Employers are able to remove the cost of providing staff benefits such as healthcare, training, maternity/paternity leave, sick leave etc. These costs usually have a contributory input by both employee and employer. The removal of the cost of employers input has the potential of freeing up capital and other resources which can be utilized in areas of research and development and strategic planning (Mentzer, Myers, and Stank, 2007).

Amado (2011) in the article, “How Does Human Resource Outsourcing Affect the U.S. Economy?”, states 85% of organizations which used outsourcing of its human resources produced cost savings, which equaled the amount spent and additionally 25% of those companies surveyed had doubled their saving (http://useconomy.about.com).

Management of Risk

Outsourcing of human resources removes risk directly associated with labor disputes.  The removal of direct contact with this process and the ability to enter into contractual agreements with providers such as EinsteinHR, allows the organization to budget payroll cost. This process also allows for stability in the workforce. Additional organizations can source a pool of specialized employee, removing the need for training, and issues concerning employee retention. Employees provided by outsourcing organizations also offer skill sets which might be required on an ad hoc basis. In fact, the organization only pays for the work performed and does not have to factor in employee down-times which occur during periods of low productivity.

Additional benefits in outsourcing labor and the use of labor pools are the removal of some if not all insurance liabilities in areas of workers’ compensation insurance as organizations would not be required to meet regulatory requirement. The onus of compliance would remain firmly with the source company and any potential risk would not impact on the organization.

Production controls

Outsourcing offers to business entities possibilities of retrenching sectors of the organizations which are either nonproductive or cost deficient.  Business operations can also benefit from the flexibility of assignment to employees. An example of this would be in areas where full time employment or skill appropriate employees are not readily available. This flexibility is important for companies who have outgrown their current market levels and require additional staff. Outsourcing also offers the opportunity to obtain the services of technical or highly specialized employees at a reduced cost. Normally some of these skills sets would be provided by consultants whose cost might make their services prohibitive (Buchi, 2011)

Conclusion

Outsourcing, as a human resource tool offers a new paradigm in the way business offers strategic response in the current global economy. Great strides have been taken in the expansion of outsourcing as an efficient tool in the management of human resource cost. The accrued benefits offer in this sector of business can possible lead to organizational growth and offer a strategic path to greater financial reward.

Connect with Einstein HR and see how we can help and support your company with all their HR and Payroll services. Call us at 770-962-1700 or contact us here.

Einstein HR is one of the fastest growing HR solutions company in the state of Georgia. Our company also enjoys acclaim as an award winning PEO (Professional Employer Organization). PEO is just one of the many benefits that organizations can make use of with our services. However, it is also one of the most integral aspects of any business.

What is a PEO?

A PEO deals with the outsourced management of your administrative resource functions. In other words, Einstein HR deals with the costly day to day functions of your organization for you thereby saving you a lot of time and money. This is done via a co-employment alliance between us and our clients. We can accommodate clients that have as little as 5 to up to 1000 employees.

The PEO industry has seen a boom recent years. This is because more and more businesses tend to turn to us to provide them with the tools they need to increase productivity thereby allowing them to focus on attaining a sharper business focus.

What Does it Do?

PEO services are specifically designed to assume administrative tasks such as filling payroll taxes, processing payroll, obtaining worker’s comp insurance for their clients and offering employee benefit options. Other than that PEO services also offer consultation dealing with issues like government regulations and reporting requirements. Moreover they also offer to establish a co-employment with their client’s employees especially those that can translate into risks. These usually have to do with worker’s compensation and unemployment tax.

The PEO renders its services by establishing and maintaining an employer relationship with his/her employees at the employer’s own worksite. This is done by (contractually) assuming some of the employer’s responsibilities and the risks that are involved as well.  It can also provide economies of scale and scope health benefits that employers might not have the time or expertise to handle on their own. PEOs are also responsible for compliances state, local and Federal regulations.

Mitigating business risks and administrative reductions such as these help business owners and managers focus on more important tasks – growing their business and growing profitability. Some of the many offers rendered by PEOs are as follows –

HR Outsourcing

Adding more staff to your business as it grows can be a challenge especially if your business happens to shift to a new state and requires new reporting requirements. A PEO outsourced HR service provides companies or employers with the tools they will need when it comes to handling employee regulations and new reporting requirements. An Employee Leasing Service also serves as a consultation service that can advise employers on topics like hiring, interviewing and even firing. This is done through close collaborations between companies and HR experts.

Payroll

Dealing with employee payrolls can be time consuming. However there is no denying its importance. The PEO can handle processing payrolls, performing direct deposits, delivering checks and even filing your payroll taxes. Since HR services can be outsourced, they can be utilized in multiple states. Their importance cannot be denied especially for companies that have employees in different states throughout the country. The rules and regulations differ for each state, something that can only be taken on by the PEO Company.

Benefit Outsourcing

In order to maintain their credibility, companies need to provide valuable employees with incentives to stay on. Larger organizations have an advantage in the form of extensive employee benefit programs for their workers. The PEO service levels out the playing field thereby giving other small to midsized businesses the chance to compete on equal terms with larger corporations. This is because they offer access to a broad range of medical insurance benefits and even retirement.

Worker’s Comp

Worker’s Comp is regulated via a set of rules that are designated by the company. Worker’s Compensation is a type of insurance that provide employees with wage replacement and medical benefits. This is necessary for employees who have been injured during the course of their employment. This insurance is given to such workers for mandatory relinquishment of their right to sue their employer.

Using a PEO’s Worker’s Comp offering will include services such as processing and reviewing claims, and important task that small businesses have neither the funds nor the time to deal with. Employers might even end up with better rates.

Employee Background Screening

The PEO will also provide assistance in screening processes for potential employees. Doing so can minimize employee turnover. Other than that it can also help employers prevent potential lawsuits for hire negligence. EinsteinHR offers the following pre-employment screening services –

• Criminal records (country, state and Federal levels)

• Address histories and Identity verification

• Consumer credit reports

• Motor vehicle reports

• Civil and bankruptcy records

• Education, employment and credential verifications

Health and Safety Program

Since we are responsible for your worker’s comp, we can also help you design injury and illness prevention programs. This can result in fewer employee injuries (not to mention a reduced worker’s comp) and increased productivity. Our services include –

• Audits of current safety policies and procedures

• Completely customized safety manuals for your business

• Audit of your safety situation

• Safety Video via tape libraries for your employees

• On-site safety checklist

HR Software Solutions

The best part about HR outsourcing services is that they can provide employers with online software solutions. EinsteinHR is no different. Our services include a range of options for storing, tracking and maintaining employee data. Besides that our services can also be customized to meet your company’s unique requirements. We will also help you create your own best practices for HR management.

Outsourcing HR, especially PEO has caught on and is proving to be a fast moving trend. Because of this, companies can breathe a sigh of relief since they won’t have to worry about additional, time consuming and costly operational expenses. PEOs come with all the expertise, manpower and tools they will need in order to ensure that their businesses keep prospering when they are not around.

Connect with Einstein HR and see how we can help and support your company with all their HR and Payroll services. Call us at 770-962-1700 or contact us here.

HR solution from EinsteinHR provides an integrated HR solution for your enterprise. We aspire to deliver high quality, timely and cost competitive HR solutions.