Software as a Service provider Summit HR & Payroll has tailored Human Capital Management (HCM) technology for construction materials operators around a suite of Benefits Administration, Time & Attendance, Compliance, Payroll and Onboarding modules.
|The Summit HCM suite affords users desktop and device functionality. Programmers have tailored intuitive graphics, plus employee self-service dashboards (right) accessing files for such essentials as benefit plans and enrollment, direct deposit, performance review history, plus W2 and 1099 forms.|
Cloud-based HCM software offerings plus relationships with financial institutions reduce audit risk while increasing customization. Each solution is built from scratch and tailored to specific business needs. The cloud system allows all data to be real-time and securely available anywhere at anytime, all from a single access point.
A paperless onboarding platform, which developers note can save up to 85 percent of the time consumed with traditional orientation methods, enables new hires to complete all necessary documents, including company- and state/local- or market-specific forms, plus Employment Eligibility Verification (I-9), Employee Withholding Allowance (W-4) and Equal Opportunity federal forms.
In an era of heightened, burdensome federal, state and local regulations driving human resources and benefits management, Summit officials cite “a differentiated solution that provides a broader, simplified product set while uncovering new hire tax credits to save clients on their corporate tax liability.” The latter are owed to renewed credits or qualifiers recently approved by federal lawmakers; in typical blue-collar employment settings, one in five hires is eligible for up to $9,600 in tax credits.
Among provisions favorable to construction materials production is the Work Opportunity Tax Credit (WOTC), aimed at employers hiring individuals from certain target groups who face barriers to employment, including veterans; people living in empowerment zones; and, individuals who receive or live with people who receive food stamps. Summit builds automatic screening into its onboarding process, ensuring that companies meet a 28-day Internal Revenue Service filing window for WOTC-qualifying new hires. The Summit HCM technology handles year-end human resource department accounting and calculations, including IRS 1094, 1099 and W-2 form preparation. — Summit HR & Payroll, Fullerton, Calif., 877/459-6570, 714/515-1900; www.summithrpayroll.com