HR & PAYROLL SERVICES
Employees are your most valuable resource
At LSI, we offer comprehensive solutions to simplify the task of managing your employees. Our services aim to streamline payroll, HR and hiring processes, employee management, and all the administrative tasks that come with it. Our goal is to help you save time, control costs, and focus on growing your business. With our efficient solutions, you can benefit from reduced rates and increased productivity, as well as peace of mind that all your employee-related tasks are handled with care and accuracy.
“LSI has been instrumental in helping to equip my company with quality employees. The staff at LSI goes above and beyond to make sure everyone is taken care of and treated with respect. Whatever your company needs help with, LSI has all the right tools to take you to the next level.”
— Damien, Owner of Affordable Refrigeration
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We understand that payroll can be a time-consuming and taxing process for business owners, which is why we aim to make it as effortless as possible for you.
Our comprehensive payroll services include electronic time sheets, approval processes, automated payroll, government reporting, employer reporting, and tax preparation, all of which are designed to ensure that everything is taken care of efficiently and accurately. With our help, you can focus on growing your business while we handle the details of payroll.
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Looking for the right talent to join your team can be a challenging and time-consuming process.
But, you don't have to worry about it. Leave it to us!
We have an extensive network of talented individuals who are ready and eager to contribute to your business's success. We'll handle all the recruitment and screening for you, from posting job advertisements to conducting interviews and background checks. All you have to do is select the top candidate that fits your business needs.
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Let us alleviate some of the burden of managing your employees.
Our HR experts will provide you with a valuable partner to foster a sense of value and worth within your workforce. Together, we will cultivate a talented and dedicated team that will drive your business to new heights, delivering increased profits, satisfied customers, and a competitive edge.
“LS Industries has been a strategic part of both of my startup companies. Without having to deal with HR and payroll I can accomplish more and pay more attention to sales and leadership. These services are instrumental in the success of any new business AND could provide good value to any business.”
— Sean, Small Business Owner
PAYROLL
*Having someone to fight for you when unemployment claims happen will save you money in the long run. By fighting fraudulent or incorrect unemployment claims, we can save up to 8% of payroll in reduced unemployment insurance rates!
Manually Processing payroll for 1 employee can take 70.5 hours per year. If your billable rate is $30/hour, you are giving that up to run payroll. That will end up costing you $2,115 in lost productive time. If you hire a secretary to do this for $15/hr it will still cost you $1,057.
Collect time entries & calculate pay, taxes, deductions, reimbursements, etc - 1 hour per employee every 2 weeks = 26 hours per employee
Write checks and mail out - 15 min + postage per employee every 2 weeks = 6.5 hours per employee
File Paperwork and pay taxes - 1 hour per payroll every 2 weeks = 26 hours
Quarterly and annual reports including Work Comp, Unemployment, SS, Med, etc - 3 hours quarterly = 12 hours
Processing payroll with a software service for 1 employee can take 26 hours per year. If you hire a secretary to do this for $15/hr it will still cost you $390 + $260 of software costs.
Collect time entries & enter into payroll system - 1 hour per employee every 2 weeks = 26 hours per employee
Payments are direct deposit or paid by the service = 0 hours
Paperwork is also filed by software service = 0 hours
Reports are also filed by software service = 0 hours
HR & HIRING
On average, it takes around 12 hours to hire an employee. If your billable rate is $30/hour, you are giving that up to hire this employee. That will end up costing you $360 in lost productive time.
Post the Job (for free or $$) - 2 hours
Review Candidates - 3 hours
Interview Candidates - 4 hours
Select the best option - 1 hour
Get the new person set up in the systems. payroll, employee handbook, email, etc. - 2 hours
EMPLOYEE MANAGEMENT
There are so many different aspects to managing a new employee. training, time management, performance management, benefit tracking, etc. What if they get hurt on the job? What if they are causing problems? 1 employee will most likely take away 2 hours per week of your time. for a total of 104 hours per year. If your billable rate is $30/hour, you are giving that up to run payroll. That will end up costing you $3,120 in lost productive time.
Training
Time Management
Performance Management
Benefit Tracking
Employee Discipline
Employee Injuries
Miscellaneous Discussions and Questions