Headcount Reporting: Why You Must Do It

A headcount is the total number of people employed by an organization, including full-time and part-time employees. A headcount report, created via a human resource information system (HRIS), lets you sort and categorize employees based on different variables — e.g., active or inactive, full-time or part-time, exempt versus nonexempt, age, race, salary and so on. These reports play an integral …

GAC Employees Pitch in for Flood Relief

Happy hands are helping hands. This past October heavy rains caused severe flooding on the islands of Trinidad and Tobago. Immediately after the flood in Trinidad, employees of GAC Shipping (a TriCore client) began collecting and distributing supplies for affected families. Click here to see dramatic photos of the flooding and relief efforts. This may not seem unusual or especially …

Presidium Property Management Among 10 Best Places to Work

WOOHOO! Our client, Presidium Property Management, was just ranked 6th among property management companies nationwide at the MultiFamily Leadership Summit in Scottsdale, AZ! This was no accident, folks. Presidium’s COO, Lindsay Colbert, has been working very hard to create the kind of work environment that attracts the best talent and keeps the company’s associates engaged in an exciting and rewarding …

The 2018 Tax Wrap-Up

The tax reform passed at the end of 2017 runs to about 70,000 words. It’s a large and complicated piece of legislation, and we can look forward to additional guidance and clarifications. For now, here are summaries of some of the key provisions: Key changes for individuals Standard deduction amount increased For 2018, the standard deduction amount has been significantly …

Use Big Data to Improve Your Benefits Program

Big data relates to the massive amount of information that businesses come across every day. In the past, employers were hard-pressed to keep up with and properly analyze copious amounts of data. Now, with the advancement of technology, data can be collected and processed at a much higher velocity. After the data has been gathered by a system, it can …

Fully Insured Versus Self-Funded Health Plans

There’s more than one way to fund health insurance. Below are two of the key options. Fully insured A fully insured health plan is purchased through an insurance carrier. Typically, the process is as follows: The employer negotiates the best rates possible with the insurance carrier. The employer agrees to pay a monthly premium to the insurer; the monthly premium …