cbr powerpoint2
DESCRIPTION
Take a quiz to see how much you know about HR, and business regualtions, laws etc.TRANSCRIPT
True/False
50% of new businessesfail within the first year
True/False
50% of new businessesfail within the first year
TRUE
True/False
You need a local, state, and federal license to start your
business?
True/False
You need a local, state, and federal license to start your
business?
TRUE
True/False
You have to have a lawyerto start a business?
True/False
You have to have a lawyerto start a business?
FALSE
You don’t need one but it comes highly recommended.
True/False
INA stands forInternational Non-profit Act?
True/False
INA stands forInternational Non-profit Act?
FALSE
INA stands for Immigration Nationality Act
True/False
An example of an I-9 acceptable document is a
passport?
True/False
An example of an I-9 acceptable document is a
passport?
TRUE
True/False
A micro loan is a small loan available to small starting
businesses?
True/False
A micro loan is a small loan available to small starting
businesses?
TRUE
True/False
An employer does not have to file
an I-9 if the person has a passport ?
True/False
An employer does not have to file
an I-9 if the person has a passport
FALSE
In Arizona you must do this. Laws in your state may be
different
Facts
Employers with more than 10 employees are required to
maintain a record of injuries on the OSHA 200 form, which must be available for inspection for a
period of five years.
Facts
3 out of 4 businesseshanded down to family
members fail within one year.
Facts
Facts
The 4 P’s of any marketing plan include product, price,
place, and promotion.
Facts
Facts
Types of insurance for small businesses: Property Insurance,
Liability Insurance, Product Liability Insurance , Automobile Insurance, Workers’ Compensation, Disability Insurance, Business Interruption
Insurance, Health Insurance, and Life Insurance.
Facts
Facts
The following are four ways to protect your business as an
entrepreneur:
Facts
• Patents• Copyrights• Trademarks• Trade Secrets
Facts
Always verify a potentialapplicant’s employment
historyafter the interview, to check
his/her credibility.
Facts
Facts
The following are the fourmain types of business taxes:
Facts
• income• self employment• employment• excise
Facts
In 2006 72 million dollars in back wages were collected by the US Department of Labor.
Facts
Facts
In 2006, there were 8,650 harassment and intimidation
cases filed against small businesses with the EEOC.
Facts
Facts
COBRA stands for Consolidated Omnibus Budget
Reconciliation Act .
Facts
Facts
The cost to set up aone employee HR department
is approximately $65,000.
Facts
Multiple Choice
How many small businessesare there in the United States?
a. 100 millionb. 1 billionc. 35 milliond. 23 million
Multiple Choice
How many small businessesare there in the United States?
a. 100 millionb. 1 billionc. 35 milliond. 23 million
Multiple ChoiceWhich one of these is NOT
a type of business? a. sole proprietorship
b. limited partnershipc. limited liability corporationd. sole liability corporatione. corporation
Multiple ChoiceHow many fatalities were there in the construction business in 2007?
(per 100 employees)
a. 1, 914b. 10,003c. 808d. 1,212e. 101
Multiple ChoiceWhich one of these is NOT
a type of business? a. sole proprietorship
b. limited partnershipc. limited liability corporationd. sole liability corporatione. corporation
Multiple ChoiceHow many days does an employer
haveto file I-9 paper work upon hiring
a new employee?
a. 3 daysb. 24 hoursc. 1 week d. 7 dayse. no time constraint
Multiple ChoiceHow many days does an employer
haveto file I-9 paper work upon hiring
a new employee?
a. 3 daysb. 24 hoursc. 1 week d. 7 dayse. no time constraint
Multiple ChoiceHow many fatalities were there in the construction business in 2007?
(per 100 employees)
a. 1, 914b. 10,003c. 808d. 1,212e. 101
Multiple ChoiceWhat was the average salary of a
construction manger in 2007?
a. $35,000b. $85,790c. $ 48,500d. $120,500
Multiple ChoiceWhat was the average salary of a
construction manger in 2007?
a. $35,000b. $85,790c. $ 48,500d. $120,500
Multiple Choice
What’s the big deal if my competitor has an EMOD .85
and mine is a 1.15?
Facts
Multiple Choice
What’s the big deal if my competitor has an EMOD .85 and
mine is a 1.15?
(your competitor will spend 30% less
on work comp, making him low bid)
Facts
Multiple Choice
Some municipalities will not allow
you to bid if your e-mod is greaterthan 1.
Facts
Multiple Choice
Is it a big deal if I am one day late
on my employer tax payment?
Facts
Multiple Choice
Is it a big deal if I am one day late
on my employer tax payment?
(approximately a $8,000 fine, and you are all over the radar)
Facts
Multiple Choice
Sometimes I pay my employees cash, what’s the big deal?
Facts
Multiple Choice
Sometimes I pay my employees cash, what’s the big
deal?
(no coverage on work compensation;one unhappy employee could start an audit with the Department of Labor that will rock your world)
Facts
Multiple Choice
I will pay my guys as independent contractors to
avoid employer taxand insurance.
Facts
Multiple Choice
I will pay my guys as independent contractors to
avoid employer taxand insurance.
Don’t do this …if they have to be at work
they are employees
Facts
Multiple Choice
I’ll pay my guys piece work or salary
to avoid overtime.
Facts
Multiple Choice
I’ll pay my guys piece work or salary
to avoid overtime.
Don’t do this…you still have to track time
and will owe overtime if it applies
Facts
Multiple Choice
I use E-Verify as my employee prescreening.
Facts
Multiple Choice
I use E-Verify as my employee prescreening.
Don’t do this… it is discriminatory and you will get in big trouble
Facts
Multiple Choice
When I am not sure how long an employee will be with me, I don’t bother reporting them as
a new hire
Facts
Multiple Choice
When I am not sure how long an employee will be with me, I don’t bother reporting them as
a new hire
….all new hires must be reportedwithin 30 days
Facts
Multiple Choice
I’m a small business and I don’t need
an employee handbook.
Facts
Multiple Choice
I’m a small business and I don’t need
an employee handbook.
Don’t do this… establishing policies and procedures in every decision you make.
The median jury award last year was $276,711.
Facts
Multiple Choice
It’s cheaper to code my guys as supervisors for work comp.
Facts
Multiple Choice
It’s cheaper to code my guys as supervisors for work comp.
Don’t do this…misclassification in work
comp audits allows a three year look back
at all policies.
Facts
Multiple Choice
In 2005 the median award for employment cases was $276,711
up from $150,000 in 1999.
Facts
Multiple Choice
$95,000 was the average settlement for suits pre trial .
Facts
Multiple Choice
8,650 harassment and intimidation cases against
small companies filed with the EEOC in 2006.
Facts
Multiple Choice
$172,000,000 was collected by the Labor Department in 2006.
Facts
Multiple Choice
Errors in calculating overtimecreate a three year look back
in audits by the labor department.
Facts
Multiple Choice
In on case a company owed $6,000
in overtime and was fined $1,100
for late payments.
Facts
Multiple Choice
After your first offense it is likely
you will be audited again.
Facts
Costly HR mistakes that small business should
avoid
Hiring the wrong person
30% of all business failures are linked to bad hiring. Quick hiring and quick firing can lead to a lot of bad situations. Remember
your employees are the heartbeat of organizations.
Costly HR mistakes that small business should
avoid
Ignoring government regulations
Small businesses with an average of 20 employees or less pay more per employee keeping up with government regulations than businesses with 500+. It is important to keep up with these ever changing regulations rather than pay thousands in fines.
Costly HR mistakes that small business should
avoid
Not having an employee handbook
Small businesses with an average of 20 employees
or less pay more per employee keeping up with government regulations than businesses with
500+ It is important to keep up with these ever
changing regulations rather than pay thousands in fines.
Costly HR mistakes that small business should
avoid
Overlooking the importance of training
When a company invests in employee training, continuing education, and
advancing their skills a company’s bottom line is bound to increase. Overlooking this
could actually be a detriment to a company and their potential for success.
Costly HR mistakes that small business should
avoid
Failing to reward employees
In order to retain employees and cut down on costs, increase your bottom line etc. it is important to reward your
employees with more than just a verbal compliment. This will boost the overall morale and in return increase
productivity.
Costly HR mistakes that small business should
avoid
PEO’s can prevent mistakes
Today more and more companies are turning to PEO’s to avoid these mistakes. Since professional employer organizations specialize in stuff like this they can help you with hassles that you don’t want to
deal with. Save money and time!