Why You Should Outsource to a Professional Employer Organization (PEO)
Business owners have a lot to manage. Operations, production, sales, endless amounts of red tape and compliance issues can be very overwhelming. Perhaps the most important and most difficult issues to deal with are those that lie in the gray area; people management issues. Trying to attract and keep great employees, developing a culture that produces the greatest employee satisfaction and production, accurate payroll, attractive yet economically feasible benefits and training are just a few of the issues that end up on the bottom of most employers “to-do” lists. And if you, your Human Resources department or person (if you are lucky to have one) is overwhelmed with these delicate yet crucial business dilemmas, there is help available.
Professional Employer Organizations or PEO’s are ready and available to help move your business forward and away from HR overwhelm. PEO’s are business-to-business companies that work with you to provide affordable human resource services. PEO’s are a one-stop shop that can effectively manage all or parts of your human resource needs.
PEO’s are great for handling:
- Employee benefits
- Full-cycle recruitment and/or recruitment support
- Payroll processing
- Human Resource Administration and Management
- Strategic HR planning and development
- Workers’ compensation coverage, administration, management and claims resolution
- Training and development
- Performance management; and
- Onboarding services
PEO’s are great for reducing employer liability through managing the correct collecting of and or necessary reporting of government required employee/employer information. Additionally, PEO’s help you stay abreast of any new laws or regulations that may affect your business.
Think of PEO’s as consultants ready and able to assist you with any or all your human resource needs. They should not be considered replacements to your current HR staff but as partners making sure that nothing is missed or overlooked in terms of keeping your people on track and your business compliant. In fact, PEO’s operate in such a way as to not disturb your business functions or production PEOs provide access to knowledgeable, certified HR professionals whose guidance and advice you can solicit when needed. They help manage your company’s employee-related administration and risks, but you maintain control of business and operational decisions. PEO’s are a cost-effective strategy to move your business forward by managing your most valuable assets and freeing up time for business owners and staff to do what they do best.