Working with an HR outsourcing
firm mayhelp your business if you’re experiencingdifficulty with any of the following: Attracting and retaining quality employees Shopping, managing and controlling the cost of employee benefits Processing payroll Keeping up with changes to federal and state employment laws Managing liability and risk Handling general HR administration
The National Association of Professional
Employer Organizations (NAPEO)defines co-employment as the contractual allocation and sharing ofemployer responsibilities between a Professional Employer Organization(PEO) and its client.
If you’ve decided to work
with an HR outsourcing company,there are many points to consider before making your selection: How does the provider structure its services? What are the associated costs? What is the company’s background? What level of customer service do they offer? Are they accredited? What benefits are most important to your employees, and does the company in question provide them?
There are currently more than
700 PEOs nationwide, and their serviceofferings and structures vary considerably. Read contracts closely andask plenty of questions. You’ll be happier in the long run if you fullyunderstand the services you’ll be receiving.
It’s advisable to select an
HR outsourcing firm that hasa reputation for quality service in your area. The NAPEOwebsite features a comprehensive directory that canhelp you find reputable companies in your state. Pick afew prospects and start making calls.
Provide your top choices with
somebasic information: How many workers you have The size of your payroll Whether or not you have a need for risk services What kind of benefits you’re interested inThen let each company respond with a proposal.
1. Relief from general HR
tasks.Outsourcing administrative duties to a group that specializes in HRensures that important issues will be handled correctly, including: Payroll administration Government compliance Employee benefits Employer liability management
2. Access to comprehensive and
affordable benefits.An HR outsourcing firm aggregates small companies and rolls theminto one big package, resulting in much more favorable rates andtreatment. It can offer a wider range of benefits and services to yourstaff at a much better price, including: Healthcare benefits Retirement services (401(k) ) COBRA administration HIPAA management
3. Reduced payroll and administration
burdens.By entering into a co-employment relationship, you stand to benefitfrom a decrease in the costs associated with payroll processing andmaintaining wage records. You’ll also receive reliable assistance withtasks such as: Payroll processing Tax reporting and deposits Paycheck/paystub preparations and delivery Garnishments
4. Assistance with federal and
state employment laws and regulations.A PEO should be able to: Administer payroll in accordance with federal and state laws and properly report federal, state and local taxes Administer unemployment claims Respond to employment verifications Comply with federal laws affecting PEO-sponsored benefits (e.g.—COBRA, HIPAA and ERISA) Provide guidance for compliance with Occupational Safety and Health Administration (OSHA)
5. Reduced liability.HR outsourcing firms
have a vested interest in keeping your businesscompliant and will assist you with related tasks, including: Employee handbooks Workers’ compensation claims Agency interface
6. Access to seasoned HR
professionals.HR outsourcing companies are comprised of knowledgeable professionalswho specialize in HR and can be trusted to handle issues in a timelyand thorough manner, including: Employee relations support Employee liability awareness training Equal Employment Opportunity Commission claim investigation, reporting and mediation
How Insperity Can HelpFor more
than 25 years, Insperity has been providing businessowners with services tailor-made to maximize opportunities forgrowth and profitability.We offer a combination of HR and performance solutions that areamong the most comprehensive in the marketplace, deliveringadministrative relief, access to better benefits, reduced liabilityand a systematic way to improve productivity.
Why InsperityAt Insperity, we take
the time to learn your business, understandyour company culture, identify your pain points and examine whatdifferentiates you from the competition. With our unparalleledlevel of back-office support, you’ll be free to focus on the corebusiness activities that will help grow your company.