Tag Archives: Business

We May Not Own The Building, But Our Name Is On Top!

The “CorpStrat” headquarters is located near Desoto and the 101 freeway.

 

 

 

 

 

 

 

 

How We Celebrate

CorpStrat celebrates its 25th year in business this year, and what better way to showcase our success than with our logo atop our new headquarters. In January, we moved to Woodland Hills CA, and we officially emblazoned our new offices this past month.

CorpStrat has been named one of the Top Insurance Brokers 2017 by both the San Fernando Valley, and Los Angeles Business Journals. The firm is a member of Anthem’s ACE team, Blue Shields’ President Council, and the firm’s principals maintain Life and Qualifying Member status of The Million Dollar Round Table, an elite group of professionals representing the top 1% of successful insurance and financial service advisors in the USA.

We are proud of our growth, our success and future. Our staff stands ready to help companies and professionals with Employee Benefits, Payroll, HR Technology, HR Compliance, and Business insurance planning.

HR Outsourcing: The Secret Weapon For Today’s Business

More than ever, today’s businesses are running lean and seeking ways to mitigate their risk while increasing efficiency. In a recent survey conducted by SHRM, they identified the most common reasons why companies choose to outsource their HR:

  • Save Money – 26%
  • Focus on Business – 23%
  • Improve Compliance – 30%
  • Lack of In-house Expertise – 20%

Human resources is more than hiring and firing. Much more. With new laws being passed more and more often, compliance, concrete HR systems, and training are key components businesses of every size need. Noncompliance and lack of systems cost businesses 10’s of thousands of dollars every day.

Options For Managing HR

Employers often try to manage HR themselves with little to no expertise. This often leads business owners working in their business versus on their business. To minimize the challenges posed by HR management, many businesses are turning to CorpStrat HR.

Benefits our clients love:

  • Support in navigating complex legal issues.
  • Cost effective solutions.
  • Effective management of performance issues.
  • Reduced pressure on internal HR staff.
  • Updated practices and policies.
  • Increased productivity.
  • Risk Management.

If you haven’t given serious thought to HR outsourcing, the range of support you can have just might surprise you. Contact CorpStrat today to free up your time so you can focus on your business.

 

3 Easy Steps To Ensure Compliance

Compliance Stress

Business Regulations Driving You Nuts? 3 easy steps to help you ensure compliance.

Compliance is a hot topic right now, OK, so maybe not as hot as Pokémon GO or the DNC, but with news stories coming out almost daily about companies facing legal trouble from regulatory missteps or illegal business activity it’s clear that compliance is a hot topic at least in the business world.
What causes a business to become non-compliant?

Non-compliance may be the result of cutting corners, negligence, ignorance, or misinformation about the ever-changing laws, but whatever the reason, the penalties are the typically the same, hefty fines or the loss of one’s company.

“But how am I supposed to focus on my business when my days are spent constantly learning about compliance?”

Luckily, we work with thousands of companies likes yours every day to help them maintain compliance so they don’t have to. With that said, here are three tips for navigating the regulatory environment around your business – without losing focus of your core business or going insane trying.

1. Identify Compliance Issues Outside Your Realm of Expertise

pointing

Every business whether it’s a local restaurant or a hedge fund dealing with millions of dollars has compliance issues central to their business. Compliance issues arise from the moment you open your business and increase from there on out.

From how and when you pay your employees to where your business name is registered. Even the requirements on your website, compliance demands are in every piece of your business.

If that weren’t stressful enough, these regulations are constantly changing and increasing in complexity. For example, the Affordable Care Act has introduced and refined compliance issues that touch on everything from medical benefit availability, employer responsibility, tax reporting, benefit plan design, to the way insurance can be sold and then some.

So while you may know the best way to make and serve Zitti, if you don’t know how to design a good benefits plan, then you should be honest with yourself and seek help from those who can manage that aspect of your business.

2. Find Trusted Partners  

Partners at CorpStrat

It’s imperative when you decide to seek help, that you find partners you can count on. One’s that won’t cut corners and who are certified and licensed. Also look for those who are active in peer groups, trade organizations or their own community.

You should also ensure they have a solid reputation in the industry. Be sure to check and see if they have long-standing clients that can back their claims and great reviews online.

Just as you are the expert in your area of business, there are other businesses whose expertise is keeping companies like yours compliant.

3. Never Stop Learning or Asking Questions

Compliance Questions

Did you know top business leaders like Bill Gates, Oprah, and Warren Buffet commit to 5 hours a week of deliberate learning?

Even industry giant like these realize the importance of learning and how it adds to their continued success.

Once you’ve selected a group to help you ensure compliance, don’t just stop there. After all, this is your business and the more you know, the better.

Don’t be afraid to check in and ask questions.  After all, it’s important to know how they are continuing to learn and evolve to meet new regulations. An expert should always be able to educate their clients and make them feel comfortable.

– This communication is for informational purposes only; it is not legal, tax or accounting advice; and is not an offer to sell, buy or procure insurance. 

Company Culture That Attracts TalentYou’re hiring! The exciting process of adding someone new to your team is in full force except, as the days pass, you notice the right talent just isn’t biting.

You’ve tried multiple job boards, your job description is on point, not to mention that what you’re offering in terms of pay and benefits are fairly competitive. So, what gives?

If despite all your efforts you’re not seeing an improvement in the quantity or quality of applicants received, it may be time to take a long, hard look at your company’s culture to see if your place of work is, well, a place where people want to work.

Company culture is defined as a company’s core values, practices, goals, expectations and processes. All of these components work together in telling your company’s’ story and vision for the future. It also hints at the type of environment future employees can expect to work in as well as the potential challenges they’ll face.

Your company culture can also signal to potential employees whether or not they can expect to enhance or develop their talents, if there is room for growth or advancement, or if the desire to further their education will be encouraged or rewarded.

“But we’re offering a competitive salary” 

That may be, but in today’s market most job seekers consider company culture just as important as the salary or benefits offered. Great company culture also leads to higher retention rates and better performance, something salary alone can not provide.

For those who may be afraid of change, it should be said that having a great company culture is not just some passing fad. In fact, as more and more job seekers (especially talented, tech savvy Millennials and Gen Z) dive into the workforce they do so seeking purpose, value, and leadership from their employers, not just a paycheck.

That is why the company’s who’ve built a great culture (Google, Zappos, and Twitter to name a few) have not only continued to thrive, but why they have so many talented individuals constantly applying to work with them.

Google for example has received 75,000 applications in just one week (Yikes!) While those numbers probably well exceed what your business is hoping to bring in, it does showcase just how important a company’s culture is when it comes to attracting applicants.

If you’re finding it difficult to attract or retain top talent now, it will only become more difficult in the years to come.  So if you’re looking to make changes, act fast. You can start by opening a dialogue between leadership and employees. Once you get started down the right path, together you can revisit what’s important,  and what your vision is going forward. Once this is done, be sure to get with your marketing team and discuss how you can project your culture online to gain interest and increase your talent pool.

While not every company culture is the same, you can always learn from those who do it right. With that said, here are three companies (other than Google, Zappos, and Twitter) who’ve built a fantastic culture and leveraged it to attract (and retain) top talent.

Beepi 

Founded: 2013

Headquarters: Los Altos, CA

Notable Culture Traits: Honesty, Transparency, Equality.

Company Culture That Attracts Talent

If you thought buying groceries from your cell phone was neat, wait until you what you see what you can buy on your phone with Beepi. Established in 2013, Beepi is really shaking up the car world by making it possible to shop for, sell, buy in cash, finance, or lease a car in real time, 100% online. Yes, even from your mobile phone.

Part of what makes the team at Beepi so great is how brutally and refreshingly honest they are. They’re a no-holds-barred style start-up that is completely transparent when it comes to what they expect from their employees and what employees can expect from them. They value each employee as an individual while also encouraging them to work as a team by promoting open and honest communication between all staff members (including executive staff.)

Each employee is encouraged to share and contribute their thoughts and ideas, which gives everyone at Beepi a voice. Beepi is not only inclusive but forthcoming about everything from the work environment potential hires can expect, their vision for the future, but most importantly, how determined they are to keep that atmosphere alive no matter what.

Warby Parker

Founded: 2010

Headquarters: New York, NY

Notable Culture Traits: Community, Creativity, Eco-Friendly

Warby Parker Has A Culture That Attracts Talent

Who would have imagined the eye-wear industry could be so fun?! The founders of Warby Parker did, and that imagination has not stopped. Since their foundation in 2010 they have not only kept their company culture alive, but they’ve kept it fresh by revisiting and expanding upon it in 2015.

Aside from offering boutique-quality glasses for just $95, they’ve also partnered with local non-profits, meaning that for every pair they sell, they’ll also donate a pair to a person in need (how great is that?) Their stores help stir a sense of community too by offering a great selection of books to purchase and by inviting local artists to come in and serenade customers.

Between employee “class trips” and newly formed holidays such as “Wear Your Sunglasses to Work Day” it’s no wonder their employees are all smiles, or why so many applicants are itching to come aboard.

Riverbed Technologies

Founded: 2002

Headquarters: San Francisco, CA

Notable Culture Traits: Persistence, Intelligence, Integrity,

The Company Culture at Riverbed Tech Attracts Talent

Information Technology (IT) companies are notorious for their terrible retention rates, especially when compared to other industries, but not Riverbed Technologies. Most of their engineers have been there 10+ years (allowing them serious bragging rights in the tech world)

Employees describe their fellow techies at Riverbed as “smart, innovative, respectful, and progressive.” Traits that they say have encouraged them to remain focused at work, while also encouraging them to ask questions and continue learning so they can keep up with the pace.

Leadership is said to always be on the move, seeking and acquiring new projects, companies, products and more so the company or those employed never feel stagnant. They really know their talent too, since the majority of their intelligent yet introverted techies are allowed to work remotely.