Managing your Salaried Workforce

HCM systems need to not only be effective at managing your hourly workforce, but your salaried workforce as well.   Your technology solution should automate managing your compliance risk and financial exposure.

Minimize labor compliance risk:  FLSA, FMLA and ACA apply across your entire workforce.   Technology should help you create a culture of compliance and accountability. 

Manage accrued benefits:  you need to track accruals for your salaried employees, not just your hourly employees.   Automating time off requests and tracking the usage of accrued benefits can help you control accrued benefits liabilities when employees leave your organization.

Automation is the key:   managing employees and assuring regulatory compliance is difficult.  Make sure your HCM solution addresses the complexities of salaried workforce management.

Mosaic’s Workforce One HCM system is a highly customizable platform that allows you to accomplish all those goals.  When you are ready to learn more about how your organization can benefit from a full HCM solution, contact us at info@mosaices.com or 877-749-1975.

The Growing Cost of Ever-Increasing Benefits Administration Complexity

Health insurance premiums are expected to continue to increase:

• 77% of employers expect the Affordable Care Act will increase their company's health care costs dramatically
• 2017 premium increases are projected to be the largest in recent history (InternationalFoundation Survey)

Benefits administration complexities and increasing premiums are elevating the risk that your benefits cost will rise faster than the rate of overall premium growth.  To avoid this risk, you must carefully manage your employee benefits.  

Inaccurate or missed premium deductions are expensive, but fixable.  Understanding the causes of increasing benefits cost is half the battle.  Some of the most common causes include:  

• Competing payroll timetables vs. carrier cut-off dates and retroactive limits
• Challenges recovering lost premium dollars after the fact
• On-going age-banded rate adjustments
• Carrier customer service challenges (poor communication and follow-up)
• Numerous carrier invoice delivery methods (electronic and paper), including confusing self-bill invoices
• Inefficient, outdated, and inaccurate carrier technologies
• Matching plan premiums with employee pre- and post-tax deductions
• Competing demands of payroll and carrier invoice deadlines
• Post open-enrollment and renewal invoice confusion

Mosaic HR Services delivers customized solutions that save you time, increase accuracy, and manage your premium costs.  Our benefits administration solutions are designed to complement your benefit administration strategy. To learn more and to see how Mosaic HR Services' benefits administration service can help, visit www.mosaices.com/mosaic-hr or talk with an expert at (303) 645-4270.  

The Power of a Single-Platform HCM System

Organizations are quickly moving away from disparate workforce management systems that attempt to share data through integrations that are slow and unreliable.  The best Human Capital Management systems are those that house Human Resources Information Systems, Payroll, and Time and Labor Management functionality on a single-platform with a single database and a single user interface.  Integration between disparate systems is not only inefficient, it is becoming impractical in today's complex employment environment.  A single-platform HCM system is now the industry standard for managing your workforce.  

Benefits of a single-platform HCM solution:  

• Electronic Forms - Deploy your forms and allow employees to complete and sign them electronically.  Schedule forms for completion and the system will manage employee compliance.  Save the forms in the system for easy retrieval from any functional area of the platform.  
• HR Actions - Automate process and activities so that the software guides employees through the process.  Automatically update payroll when HR actions change benefits or payroll information.  
• Workflows - Processes that require the involvement of multiple people, including approvals, can be automatically directed by the software using the workflows that match your requirements.  Workflows can be implemented for electronic forms, HR actions, applicant tracking, employee onboarding, and other processes you want to automate.  
• Applicant Tracking - Candidates can view your job openings and apply directly through your platform and track their progress to hire.  When an applicant is hired, you can automatically make the applicant an employee without migrating, or worse, manually entering employee data captured during the application process.
• Onboarding - When an applicant is hired, the employee can review and electronically sign forms directly within the system and be immediately activated as a hired employee.  Tasks can be assigned to other employees to provision the new hire's work environment.  
• Performance Management - Manage your employee review process natively within the system.  
• Other areas of an all-encompassing HCM platform:  
• Training and Certification Tracking
• Asset Management
• Online Benefits Enrollment and EDI Carrier Feeds
• Workers Compensation Tracking
• FMLA
• Turnover, Job History, and Position Management
• Skills, Education, and Credentials Tracking
• Compensation Management

Single-platform HCM systems are imperative to comply and thrive in an employment landscape that is increasingly complex.  To learn more and to see how Mosaic's Workforce One platform can help, visit www.mosaices.com or talk with an expert at (303) 645-4270.