As a small business owner, it can be a challenge to keep up with the range of responsibilities within the company. Proper management of HR tasks, employee management, and customer care can be challenging, especially with ongoing changes in the industry.
Outsourcing can be an effective solution for leveraging the skills and services needed for your business. Hiring a Professional Employer Organization (PEO) might be the perfect place to start – here’s what you need to know:
What is a PEO?
Professional Employer Organizations provide the essential HR services that support the ongoing needs of your company. While these services are often used by large corporations, small business owners can also benefit from outsourced HR support.
A PEO can assist small business owners with both payroll and legal changes that come over time, including employee benefits packages, payroll processing, general employee administration, Workers’ Compensation claims, and more. It is essential that compliance is maintained for both state and federal regulations, and many business owners find it challenging to keep up with these shifting rules without the support of an industry expert.
Benefits from PEO Services
What can you expect if you hire a PEO for business support? Here are some of the most common benefits that come through these services:
- Lower payroll costs since you don’t need to hire a full-time accounting staff
- Reduce the hours required for HR management
- Free up your time to focus on the day-to-day details of running your business
- Avoid the stress of HR compliance issues and paperwork
- Increased opportunities for business growth due to streamlined systems
- Decreased employee turnover
Is It Time to Outsource Your HR?
If you are looking for ways to leverage your time more effectively and prepare your business for future growth, then it might be time to outsource your HR needs. Most businesses can benefit from these services.
Our team at ReFOCUSed Business Consulting is just a phone call away. Our goal is to support your business in optimizing your systems to improve your business results. Contact us to learn more about the services that are best suited to the needs of your company. We’re here to help!
For more information or questions about PEOs, please contact us.