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All businesses with employees are faced with potential fines and penalties if laws and regulations are not met.
Many
business owners and managers have minimized or
eliminated these risks by working with a
PEO.
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Failure to provide Worker's Compensation Insurance (in states where required)
$1,000 minimum fine.
Immediate "stop work" order.
$100 per day fine per employee while the "stop work" order is in effect.
2-3 years unpaid premium penalty.
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StaffMarket is not a PEO. StaffMarket is the nation's leading Business to Business exchange for the Professional Employer Organization industry. StaffMarket quickly provides PEO proposals from our database profile of the services and capabilities of hundreds of PEOs. StaffMarket's free RFP (Request for Proposal) process delivers targeted, competitive proposals from PEOs nationwide. Only the PEOs that can deliver the services and benefits required are allowed to participate. StaffMarket works to ensure that companies quickly get standardized PEO proposals in formats that are easy to compare. In addition StaffMarket can assist customers with PEO proposal comparison analysis. Hundreds of businesses have discovered the easiest way to find a successful relationship is through StaffMarket.
Let StaffMarket help your company find the right PEO
Visit www.staffmarket.com
Or email: info@staffmarket.com
StaffMarket Services
431 Old Main Street
Suite 202
Bradenton, FL 43205
Phone: 877-882-7225
Fax: 877-471-5608
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Wage and Hour (Fair Labor Standards Act-FLSA)
2 years back pay and double for overtime.
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Failure to remit FICA Withholding from Employees
Fines not more than twice the gross gain.
Willful failure, guilty of a felony and upon conviction thereof be fined not more than $10,000 or imprisoned not more than five years or both, together with the costs of prosecution.
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OSHA
$5,000-$7,000 fine for each violation.
$250,000-$500,000 fine and up to six months in prison for the death of an employee.
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COBRA (Consolidated Omnibus Budget Reconciliation Act)
$100 fine per beneficiary per day for failure to comply with regulations.
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EEOC Discrimination
$50,000 for companies with up to 100 employees
$100,000 for companies with 101 to 200 employees
$200,000 for companies with 201 to 500 employees
$300,000 for companies with over 500 employees
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Contractor / Employee Misclassification
Liable for unpaid taxes of contractor. Fines Vary: Microsoft paid $96.8 million.
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Child Labor Laws
$2,500 per violation
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