Safety
What is GMS's version of Forklift Training called?
Power Industrial Truck Training (PIT)
4 Hrs, $65 Per Employee
Secure Act 2.0 - what is it?
Mandating automatic enrollment for new plans, tax incentive for Employers to offer 401Ks - Increased credits (up to 100% of costs for first 3 years) and new credits for employer matching contributions for small businesses (50 or fewer employees) to offset costs. Up to ($5000 annually for start up cost) & ($1000 per employee for employer contributions)
Replacing a construction employee, what is the % of an employees salary it costs to replace this employee?
Ranges from 20% to over 100% of the annual salary of the employee that needs to be replaced.
What does PEO stand for? When was the PEO industry established?
Professional Employer Organization
1960s
What is Co-Employment? What 3 Main Advantages do clients get from this relationship?
Partnership where we share employer responsibilities
1. We take on all feduciary responsibililty
2. Access to Buying Power
3. Access to Fortune 500 HR back office overnight
What animal giggles when tickled?
What is a Total Comp Analysis? And why would a small business owner be interested in running one of these?
Base Pay + Other Cash Benefits (bonus, overtime) + Company paid benefits = total comp
Attract and retain top talent, ensuring fair and competitive pay
What are some payroll items that a construction company would be interested in?
Certified Payroll & Prevailing wages
Multi-Rate Payroll (trade, class)
Mobile tracking /Advanced Time Clocks
Payroll Stability for seasonal workers
What is a CPEO? How many CPEOs vs PEOs in current market?
Certified Professional Employer Organization
1 of 37 CPEOs
There are over 500 PEOs currently in the U.S.
Aligning HR w/ Business Growth
Regular Compensation Reviews
Handling Terminations & Layoffs
Strategic
Proactive
Reactive
What are some trainings that construction companies would need to do over the course of a annual year?
OSHA 10hr/30hr
4 main hazards: Fall protection, electrocution, struck-by, and caught-in/between
Hazards Communication, PPE, Trench/confined spaces training
What is a 5500?
Annual reports that must be filed with the U.S. Department of Labor (DOL) & the IRS for the employee benefits
Employers who offer 401ks MUST submit this form annually
How much (ball park) does it cost to replace an HVAC employee in TX?
Salary = $50-60K
If the employee is earning $50-60K, replacement costs could range from $70,000- 140,000
How many locations does GMS have? How many Regions does GMS have? Who is our CEO? What year was GMS founded? Where are we headquartered?
25 Locations
5 Regions - West, Corporate, Mid-West, Southeast, Northeast
Mike Kahoe - 1996 - Richfield OH
What is the FLSA?
Fair Labor Standard Act - U.S. federal law setting national standards for minimum wage, overtime pay (time-and-a-half for over 40 hours/week), recordkeeping, and youth employment, applying to most private and public sector employees, with specific rules for exempt vs. non-exempt status, requiring employers to pay covered workers at least the federal minimum wage and overtime unless an exemption applies
Minimum Wage, Overtime, Child Labor, Recordkeeping
What is EMR? How does this affect a small business?
Experience Modification Rate: Key factor when determining insurance rates, safety score comparing your company's past injuries against similar businesses in your industry
Below 1.0 = Safe and get a discount & Also can bid on almost ALL construction projects
What documents do we need to produce a 401K Comparison?
408B Fee Disclosure
Asset Breakdown
Any 3rd party charges for managing/running the 401K
What are the Top 4 Construction Industry Challenges?
Labor Shortages & Talent Retention
Regulatory
Technology Adoption
Safety Risks
Quote Me!
32 Employees, 6 part time, 26 full time - Simpler? Stronger?
WC Quote = $13,546
Simpler: $40,000 - Stronger: $57,600
WC: -2709.2 = $10,836.8
EPLI & Cyber: $1920 x2
Set Up Fee: $4,500 - 5,000 .... Can go to $6000, depending on Business Case
List some areas to highlight for Admins & for Employees during a demo.
Only get to say 3 for each (make them important, well thought out).
Admin: Report Center, Employee, Payroll, Performance Center, Time & Attendance (If time clocks)
Employee: Benefits Enrollment, Highlight Teladoc, Transamerica, PTO
When a work related injury occurs, in what situations do you have to call OSHA?
Bonus: What do employers need to have in place to protect injured employees current position & future?
Fatal, Admitted to the Hospital, Amputation, Loss of an eye
Return to Work Program
I have multiple WC & UEM claims but don't understand how GMS's HR can help with that. Explain.
Strategic, Proactive HR
How do we help clients mitigate risk?
4-6 items
Safety Programs & OSHA Support
Claims Management & Strategies to lower claims
Compliance Solutions
Risk management Experts
What is the WOTC Credit?
Ex-Felon, Disabled/unemployed Veteran, TANF Recipient, SNAP Foods Recipient, Long-term Unemployed
I have an issue with Turnover.
Give an example of Proactive, Reactive, and Strategic HR.
Pro: Workforce planning/forecasting, Talent Management throughout interview process, leadership development, data analytics for engagement, benefits, etc.
Reactive: Dealing w/ High turnover due to not taking actions to prevent this such as .....
Strategic: Learning & Development, Strong Culture, Optimizing performance w/ Analytics, succession plans, Aligning incentives with company goals, etc.