Workers’ Compensation

Workers’ Compensation. Yep, Expensive to start and hard to manage.

Ablesource has a PAY AS YOU GO policy. NO MONEY DOWN. Many policies will ask for 20% of your annual premium as a deposit. You can forget about that expense.

We offer:

  • NO DEPOSIT policy
  • Pay as you go policy
  • NO YEAR-END audit
  • NO AUDIT premium
  • Fully Compliant OSHA safety Handbook
  • Workers’ Compensation Claims Management.

Payroll Services

With many new employers processing payroll is usually an oversite until it has to happen. Many think it is as basic as writing a check. This is why we do what we do.

We make sure you stay compliant with State and Federal laws, so you don’t have too. You can focus on growing your business.

  • New Hire State Compliance Reporting
  • I-9 Federal
  • Direct Deposit
  • Quarterly Tax Reporting
  • Manage Unemployment Claims
  • W-2 management
  • Year-end tax reporting

We also offer:(no additional cost)

  • Employee Compliance Handbooks, custom to your needs.
  • EAP Employee assistance counseling
  • Employee Compliance Posters

Staffing Services

Evaluating Needs

An HR person in charge of staffing must evaluate the needs of the company as a whole, as well as individual departments. Understaffing and overstaffing both hurt the bottom line. The key is to find a balance where the productivity of a department is not hampered when one person calls in sick but is simultaneously not overstuffed with personnel. Feedback from employees and managers can help staffers figure out the correct headcount for each department.

Recruiting/Hiring

When staffing a company, a lot goes into the recruitment process. Each company is unique, but the recruitment process usually begins with a posted ad. Resumes are then evaluated by human resources, and some of those are eventually sent to the hiring manager. At that point, applicants are contacted for interviews. After completing background and reference checks, companies then either make an offer to the candidate or pass on him or her.

Retention

Part of staffing requires retention methods to keep the best employees. Rewards and recognition should be part of a company’s culture to retain employees. Part of staffing means being responsible for implementing rewards and recognition. If a job requires an extensive training period, a high turnover rate is costly to the employer. Some employers also take new employees out to lunch and offer them a “buddy system” to get acquainted with the company culture.

Firing

Sometimes letting go of employees is necessary. One of the most important things staffing personnel need to do when firing employees is keeping a paper trail of all communication with the employee. Firing an employee when it’s not part of a layoff is usually the last resort of companies with a problem employee. When firing an employee you must first having written policies of acceptable behavior and duties, and writing warnings to employees if unacceptable behavior is exhibited. Ablesource advises taking a day or two to think it over, and then, if firing is the only rational conclusion, doing it both in writing and in person.

Merger Acquisitions Opportunities

Mergers and acquisitions (M&A) and corporate restructuring are a big part of the corporate finance world. Every day, Wall Street investment bankers arrange M&A transactions, which bring separate companies together to form larger ones. When they’re not creating big companies from smaller ones, corporate finance deals do the reverse and break up companies through spinoffs, carve-outs or tracking stocks.

Venture Capital

Companies in the startup stage of development may have been in business for only a few months. Companies in the early stage of development have generally been in operation less than 24 months. These fundings represent the first time a company receives financing from a professional VC firm in exchange for equity. More mature companies–those in the expansion or late stages of development–are not included in the analysis, even though they may have received venture capital for the first time in 2007.

New Business Ventures

It’s impossible to grow a successful business as a one-person operation. Sooner or later, you will have to share responsibility with one or more partners. Thomas Alva Edison, an inventive genius who took out more than 1,000 patents, started several great companies. However, every one of them collapsed once it got to middle size, and was saved only by booting Edison himself out and replacing him with professional management.