Human Resources Consideration For Contractors

The construction Industry is in the process to getting adapted in the way of doing business in the 21 century, while emerging technologies have impacted the local market.  Service support businesses have emerged to meet the new constructions industry demands, providing flexibility and cost efficiency instruments.

Managing human resources in the construction industry in Puerto Rico, while complying with local and federal regulation is a challenge.  Among different regulations, locally there is a mandatory decree which apply to the construction industry in order to provide vacations and sick days accrued rights.   This is in addition to the various regulations, such as overtime, lunch period, maternity leave, military leave and other leave of absent locally and federal regulated. To manage such regulated rights as well as other regulated and non-regulated benefits there is the needs to have a responsible and knowledgeable source. The trend today is to outsource any function within your business which adds value to the operations.

Outsourcing is the transferring of an internal business functions, plus any associated assets, to an external supplier or service provider who offers a defined service in a proactive approach that will improve productivity as well as reduce costs. Outsourcing allows the clients to focus on its core business by transferring operational functions to an external specialist.  Outsourcing means increase in efficiency and productivity while reducing cost.

The outsourcing of the Human Resources functions is a reality and a possibility to performing the transactions needed for the best utilization of benefits by employees. Update on local and federal regulations, support on human resources practices, benefits coverage, including but not limited to Health, dental, prescription drugs, life insurance, short - term and disability program, 1165e (401k), are among other services provided.  

 

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