Did you know that 89% of businesses in the USA have less than 20 workers? The US is decidedly pro-small business!
If you are a small business owner and are looking to upscale your business, what can you do?
The key is to find the right talent that will take your business to the next level and ensure that you can retain them.
But who has time for talent searching, recruiting, onboarding, and developing the right office culture in addition to running a business?
Have you considered working with professional employer services?
What are professional employer organizations and how can they help you? Why not read on to find out?
What do Professional Employer Organizations Do?
This may be hand in hand with your own human resources department or replace this department almost entirely.
The advantage of this is that they can handle several key services and the complexities associated with them. This means that you are free to focus on developing key services and products and upscaling your business.
What are some of the services that they provide?
One of the key advantages of outsourcing employment duties is the hours of work that are removed from your workers on a regular basis. For example, think of the time that must be invested into ensuring accurate payroll every single month.
Whether regular payroll, single-time payments, remote workers, or local salaries. PEOs will manage all of this on your behalf and save your business hours of valuable time.
You may offer your staff a range of benefits depending on their level, time with your company, and other variables. As companies grow the administration of these benefits can become more and more complex.
A crucial advantage of handing over employment management to an outside company is that they will care for this in an equal and fair manner. They will ensure that each person received their benefits on time and without any cause for complaint.
Caring for employees in a growing company is a challenge. However, changing employment laws means it grows in complexity each year. Add to this the level of care that you must take to ensure that personal data is handled correctly and the task becomes larger and larger.
PEOs will care for all of this on your behalf and ensure that your business is compliant with all state and national laws in this respect.
This could be in relation to:
- Employment practices and policies
- Workers comp
- Liability insurance
- Tax payments and related forms
A PEO will care for all of this ensuring that your reputation as a company that meets state and employee needs will be protected.
All You Need to Know About Professional Employer Services and Much More
Whether you are a new start-up or an established small business, professional employer services can provide crucial support to your HR and onboarding process.
Whether you are looking for key talent or support for your existing organization, they can ensure that you find and retain the staff you need to upscale your business.
Why not check out the rest of our blog page? We have lots more articles on this and similar subjects.