OneSource Virtual blog

“No one ever got fired for picking XYZ.”

Co-sourcing is a business practice where an organization partners with a third-party service provider to share responsibilities for a specific business function or process. In the case of payroll, co-sourcing involves partnering with an external provider to handle some or all of the payroll processes, while the organization retains some level of control and oversight.

The Affordable Care Act (ACA) requires individuals to have health insurance coverage, and for employers to offer affordable health insurance coverage to their employees. As a result, employers and insurers must report to the IRS and state agencies on the health insurance coverage they provide.

COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that provides certain employees and their families the right to continue group health benefits after a qualifying event, such as a job loss, reduction in work hours, or other qualifying events. While COBRA is designed to provide important protections to workers and their families, there are several complexities associated with administering COBRA benefits. Here are a few examples:

Accounts Payable (AP) automation refers to the use of technology to streamline and optimize the accounts payable process. Here are five benefits of AP automation:

Payroll taxes are complex and challenging—but if you have any experience with them, you already know that. For the uninitiated, though, we wanted to publish a brief primer highlighting some of the biggest reasons for that complexity—seven to be exact. By understanding the different payroll tax challenges facing employees in your organization, you can make smarter choices about how to support them.

Despite some positive signs in the economy, companies are hedging their bets on an inevitable economic downturn. From financial institutions to tech enterprises, many corporations have instituted mass layoffs or hiring freezes. According to our exclusive 2023 CFO Outlook Report, 83% of CFOs either have a hiring freeze in place or are preparing for one.

When you think of the word "outsourcing," what comes to mind? Does it bring up good memories or does it conjure up a disaster story used to explain to your boss why "in-house" is always better.

We are all aware that change can be difficult—especially when other people are involved. But sometimes there's no way around it, both in our personal lives and in the workplace. Just as outdated procedures and systems have to be updated at some point, the same is also true with teams.