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Meet Greenleaf HR
Looking for Comprehensive HR Solutions designed specifically for the Cannabis Industry?
Greenleaf HR can help your business maximize efficiencies through a variety of integrated HR solutions and simplified processes while also providing you with superior benefits packages and incentive programs for your employees.
What is impacting the health of your business?
With the cannabis industry growing so quickly, it can be difficult to keep up with day-to-day business operations, especially payroll and HR. Don’t let the constantly world of new law and regulations keep you from your passion. We can help keep you compliant with state and federal human resource and payroll laws, as well as managing your personnel.
We are not a cookie cutter company, and neither are you. Through an in-depth diagnostic, we identify critical challenges within your organization and then customize a solution to put your back-office administration on the road map to success.
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Stay Up-To-Date with Greenleaf HR
- February 14, 2024
- Cannabis businesses face many challenges, from keeping up with complex and fast-evolving regulations to improving employee retention rates.
- With an integrated HR system, cannabis companies can simplify HR processes throughout the entire employment cycle.
- At Greenleaf HR, we provide customized HR solutions for your HR business and give you access to powerful HR management software. Get a free HR consult!
As your cannabis business grows, so does the need for more efficient systems to better handle your HR workload, from bringing new talent on board to tracking work hours and keeping up with legal requirements. Let us introduce you to Vfficient, a powerful HR management software that integrates all these critical HR functions into a single platform.
Read on to find out how Vficcient can help you navigate the complexities of HR in the cannabis industry, its main features and capabilities, and how to get started.
Let’s jump right in!
Navigating HR Complexity within the Cannabis Industry
Running a business in the cannabis industry comes with many HR complexities. Cannabis companies are growing fast and expanding into new markets as more states legalize cannabis for medical and recreational use, requiring HR professionals to recruit and hire new talent for a wide range of positions in a very short time frame. According to Vangst 2023 job report,
“America’s legal cannabis industry supports 417,493 jobs with more than $26.1 billion in annual revenue across 19 adult-use and 21 medical-only states”.
But the challenge not only lies in finding qualified employees, but also in being able to retain them. The cannabis industry shows higher turnover rates compared to other sectors.
A recent Headset.io study reported 55% of turnover within a year in cannabis retail businesses, with nearly a quarter of budtenders leaving their jobs during the first month. This highlights the need to provide staff training opportunities and offer better employee benefits, among other employee engagement and retention strategies.
On top of this, cannabis businesses are subject to strict, ever-evolving regulations, adding more responsibilities to HR teams who need to stay on top of the latest compliance updates. Cannabis regulations have an impact on every aspect of your business, from hiring employees to ensuring payroll and taxes comply with all federal and state requirements.
With so many fronts to cover, it’s easy to feel overwhelmed. But what if you could track and manage every aspect of the employee lifecycle from a single place? That’s exactly what you can do with Vfficient!
Inside Vfficient: A Closer Look at the HR Management Software
Partnering with Greenleaf HR gives your business access to Vfficient, an all-in-one HR management software that helps you track and handle every HR aspect of your business.
This cloud-based solution integrates everything you need to manage your cannabis business’s workforce, such as:
- Hiring and onboarding
- Payroll processing, tracking, and reporting
- Benefits administration
- Employee training
- Handling PTO requests
- Creating and customizing reports
Instead of jumping back and forth among different tools, you can centralize them in one place, creating a more efficient experience for your HR team.
Besides, self-service options within the Vfficient portal allow employees to be in control of payments, benefits, and personal information details.
On-the-Go HR Management: Vfficient Mobile for Cannabis Employees
With employees working from different locations and even on-the-go, having mobile access to their HR information is vital.
Vfficient’s mobile app gives your cannabis business employees secure access to their most relevant HR data and allows them to:
- Clock in and out
- Check their PTO status and send PTO requests
- Access to employee benefit options
- See how much they were paid and when
Easy to use and navigate, this mobile app gives your employees more control over HR-related matters, and it’s available everywhere at any time.
Guidance Every Step: Greenleaf HR’s Support and Integration Services
Cannabis businesses have too many HR tasks on their plate. From dealing with complex, fast-changing regulations requirements to managing benefits and payroll in a transparent, efficient way. But the good news is: You don’t have to deal with everything alone.
At Greenleaf HR we provide customized HR solutions to simplify your everyday processes, increase productivity, and keep your business safe while you can focus on growing your bottom line. Based on your specific needs, we can help you manage employee benefits, payroll and taxes, applicant tracking, onboarding, and more.
Besides providing expert guidance and support, we offer you access to Vfficient, a strong HR management system that lets you track and handle every stage of the employment cycle.
Ready to get started? Contact us to find out how we can streamline your cannabis business!
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- January 26, 2024
Highlights
- Businesses in the cannabis industry deal with ever-changing regulations, complex reporting requirements, and payroll challenges.
- Outsourcing HR functions like payroll and compliance can be a smart way to save costs and get access to specialized professionals, while reducing your team’s admin workload.
- At Greenleaf HR we provide comprehensive HR solutions to make your cannabis business more efficient. Learn how we can help!
Running a business involves an array of HR tasks. And that’s even more true in the fast-growing cannabis industry. HR outsourcing is a savvy alternative for businesses that want to focus on scaling up while reducing admin workload.
By taking over critical functions like payroll, benefits administration, and compliance, external HR providers can boost your business’s efficiency and help you navigate this sector’s complex regulations.
This article walks you through the basics of HR outsourcing and how your cannabis company can benefit from choosing a strategic partner.
Let’s jump right in!
What Is HR Outsourcing?
Human Resources Outsourcing (HRO) refers to the practice of delegating certain HR functions and responsibilities to external service providers.
In most cases, companies choose to outsource HR tasks to specialized partners to save costs, increase efficiency, and reduce the time spent on burdensome administrative tasks, so their internal resources can focus on more strategic parts of the business.
Difference Between PEO and HRO
There are different approaches to HR outsourcing. Professional Employer Organizations (PEOs) and HRO are the most common alternatives, though they differ in their scope and the type of services they provide.
Let’s explore the key differences between PEO and HRO:
Co-Employment vs Service Provider
When you partner with a PEO, they become a co-employer for your company. This means the PEO assumes specific employment responsibilities and risks, while you stay in control of your business’s core areas.
According to NAPEO, businesses that work with a PEO grow 7 to 9% faster than similar-sized businesses that don’t.
In the case of HRO, on the other hand, your business remains the sole employer of your workforce.
HR Services
PEOs offer a comprehensive suite of HR services, which often includes:
- Payroll processing
- Benefits administration
- Compliance management
Sometimes, a PEO’s packages may include additional HR services like employee training and development.
On the contrary, HRO arrangements allow for more flexibility. Instead of hiring a fixed package of services, you can choose the specific HR functions you want to outsource. In this case, you might find other HR services available, such as performance management, applicant tracking, or employee onboarding services.
Choosing between PEO and HRO will depend largely on your business’s needs, goals, and preferences.
HR Outsourcing Services for Cannabis Companies
Cannabis companies come with a unique set of challenges, from complex regulations to specific reporting requirements that vary from state to state.
On top of this, the fact that marijuana is still considered illegal at the federal level in certain states across the U.S. adds complexity to the payroll process, as many national banks can’t support companies within the sector.
When it comes to outsourcing HR services, it’s key to find an external provider that specializes in the cannabis industry and its ever-changing laws and regulations.
That way, you can minimize the risks of non-compliance, which can lead to severe penalties and costly fines.
HR Outsourcing Benefits
Outsourcing HR offers many benefits for companies, from increasing efficiency to saving valuable time. Wondering how it could help your cannabis business? Let’s take a closer look!
1- Cost Savings
Outsourcing can save your company money that you would otherwise need to invest in hiring specialized HR professionals, with the associated costs of equipment, workspace, and training.
2- Reduce Risks
With ever-changing regulations and legal requirements, having a team of experts working by your side can minimize the risk of non-compliance for your cannabis business, which can lead to costly fines, penalties, and even the loss of your business license.
However, it’s crucial to choose a partner that specializes in HR for the cannabis sector and is knowledgeable about local, state, and federal laws.
3- Focus on Impactful Activities
Administrative tasks are time consuming and can take precious time from your internal HR team. By outsourcing non-core HR functions, they can have more time to focus on strategic, growth-driving activities.
4- Access to Advanced HR Technology
Another advantage of outsourcing HR is getting access to cutting-edge HR systems. Your business can benefit from advanced software to increase efficiency when processing payroll, tracking time and attendance, and managing benefits.
How to Choose an HR Outsourcing Provider
Finding the right HR outsourcing provider for your cannabis company can be quite a challenge. Here are a few things to keep in mind when evaluating different options:
Clearly Define your Objectives and Needs
Make a list of your business’s HR tasks and identify which are the specific areas that you’d like to outsource. Consider your company’s goals and the specific challenges of the cannabis sector.
Evaluate your Provider’s Expertise in the Cannabis Industry
The cannabis industry is dynamic and subject to frequent legal shifts. Partnering with a provider that’s familiar with regulatory aspects — including licensing, record-keeping, and reporting requirements — is a must.
Make sure that their compliance management system addresses the specific requirements of the sector and it’s being constantly updated.
Look for Customizable HR Solutions
Choose an HR outsourcing provider that allows you to customize their solutions to meet the specific needs of your cannabis business. This may involve tailoring your payroll administration process, workplace safety requirements, or employee training programs.
Meet Greenleaf HR: HR Solutions for Every Business Size
Cannabis businesses face complex challenges and barriers that can be quite tricky to navigate for a small HR team.
By delegating some of your HR functions to specialized partners, you can protect your business from non-compliance risks and save valuable time to spend on more strategic aspects of your business.
At Greenleaf HR, we provide payroll and HR solutions for cannabis companies of all sizes, across the U.S. for the past two decades, we’ve been helping businesses grow while keeping them safe and fully compliant.
Contact us to learn how we can make your cannabis business more efficient!
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