Better Business Practices for the Equine Industry
November 1 , 2012
Having more time. Concentrating areas of business that increase profitability. Having the resources to grow your business.
These outcomes are easier to achieve if you engage the services of a staffing specialist who can act as your human resources expert. This can happen in a one-stop-shopping environment by establishing a relationship with an Employee Management and Risk Evaluation partner.
The backroom tasks of payroll administration, tax preparation and adherence to federal and state employment rules and regulations are all responsibly handled by professionals. They are always up to date with the ever-changing rules and regulations. They are also in a position to anticipate changes before they become effective and are able to help you plan accordingly.
Many employers believe they are covered by appropriate workers’ compensation insurance. However, this is true only if your business and the specific employee job descriptions are correctly classified. There exists a uniform classification system under which employers with similar business operations are assigned the same specific code. If an improper classification code is used when a workers’ compensation claim is filed, or upon audit of prior claim, the insurance could be void. It requires an expert, knowledgeable in the equine field to get the facts right.
An Employee Management firm can also provide resources for periodic safety training programs which can reduce risks and costs. This aspect of risk management and the correct supervision of Occupational Safety and Health Association (OSHA) rules and log maintenance contribute to a safe and legal workplace.
An important point to consider is that a good partner firm provides support by legally standing between you and potential government claims audits and fines, as well as employee grievance and legal actions. This priceless piece of mind allows you to concentrate on the areas of your business that produce income and profit.
By increasing employee morale, reducing turnover and the need for unnecessary training, you can concentrate on growing your business.
When temporary help or new employees are needed, the agency can provide prescreened, qualified applicants. The decisions to initiate or terminate employment, manage your workforce, and establish policy and procedure remain under your control even though the employees are on the payroll of the Management firm.
Choose an Employee Management firm with a good reputation and a contact person who understands the intricacies of the equine market and the specifics of your operation. Find one that provides an all-in-one comprehensive service for a single, easy-to-understand fee rather than a firm that offers an a la carte menu which will result in additional costs.
Most importantly, make that call today to get a proposal. Putting it off will delay your ability to reach your goals. The cost of not making a decision or not making an informed decision could be expensive!
George R. Tauber has been in the equestrian industry for over 40 years. He was President of Miller Harness Company, a member of the AHSA marketing committee and a founding member of the Horse Industry Alliance. He represents Crown Equine Services, a Contributing Sponsor of the USHJA, to the Sport Horse industry. He can be reached at email@example.com and 561-308-8796.
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