How to Leverage Professional Employer Organizations to Upgrade Your Internal HR Team
If you’re looking to upgrade your internal HR team, partnering with professional employer organizations (PEO) is a great option. A PEO can provide a wide range of benefits, including access to better talent, improved compliance, and reduced costs. But how do you choose the right PEO for your business? And what should you expect when onboarding with a PEO? In this blog post, we’ll answer those questions and more.
Why Leverage a Professional Employer Organization (PEO)
There are many reasons why you should consider outsourcing your HR services to a Professional Employer Organizations (PEO). Here are just a few benefits of working with a PEO:
1. Cost savings – When you outsource your HR functions to a PEO, you can save on the costs of hiring and training in-house staff. Additionally, PEOs often have access to bulk discounts on things like health insurance and other employee benefits.
2. Increased efficiency – PEOs specialize in HR and have the systems and processes in place to handle all of your HR needs quickly and efficiently. This frees up your time so that you can focus on running your business.
3. Risk management – By outsourcing your HR functions to a PEO, you can offload the risk associated with managing these functions yourself. This includes the risk of non-compliance with employment laws and regulations.
4. Improved employee morale – Employees who have access to comprehensive HR support tend to be more satisfied with their jobs and less likely to leave the company. This improved morale can lead to increased productivity and profitability for your business.
How to Identify the Right Professional Employer Organizations
When looking for a Professional Employer Organizations to partner with, it’s important to do your research and analyze all of your options. There are many different PEOs out there, so you’ll want to take the time to find one that best meets your needs. Here are some things to keep in mind when researching and analyzing PEOs:
-What services does the PEO offer? Make sure they offer the services you need.
-How much does the PEO cost? Compare prices between different PEOs.
-What is the quality of the PEO’s services? Read online reviews and talk to other businesses that have used the PEO’s services.
-How easy is it to work with the PEO? Make sure they have a good reputation for customer service.
Factors to Consider When Choosing Professional Employer Organizations
There are a few key factors you should consider when choosing a PEO:
-The size of your business: Some PEOs only work with businesses of a certain size. Make sure you choose a PEO that can accommodate your business’s needs.
-Your industry: Some industries have specific HR needs that not all PEOs will be able to meet. Do your research to find a PEO that specializes in your industry.
-Your location: Some PEOs only operate in certain states or regions. Make sure you choose a PEO that operates in your state or region.
-Your budget: Make sure you choose a PEO that fits within your budget.
Once you’ve considered all of these factors, you should be able to narrow down your options and choose the PEO that’s right for your business and we can help you do that.
What to Expect When Partnering With Professional Employer Organizations
A PEO can provide a wide range of HR services, including payroll, benefits administration, workers’ compensation, and compliance with employment laws. PEOs typically have a team of HR professionals who are experts in these areas and can provide support and advice to your business.
The Onboarding Process.
When you partner with a PEO, they will work with you to onboard your employees onto their platform. This process usually takes a few weeks and requires some paperwork from your business. Once your employees are on the platform, they will have access to all of the PEO’s services.
Preparing Your Team for a PEO.
As you transition to working with a PEO, it’s important to train your team on how to use the new system. This includes understanding how to access and use the PEO’s online portal, as well as any new HR policies and procedures that have been put in place and approved by your team. It’s also important to make sure that your team members are aware of the resources that the PEO provides, such as employee assistance programs or training opportunities.
What Role Will Your Internal HR Team Play.
As you partner with a PEO, your internal HR team will still play an important role in managing day-to-day HR operations. They will be responsible for tasks such as onboarding new employees, conducting performance reviews, and handling payroll inquiries. In addition, your internal HR team will continue to be the point of contact for any issues or concerns that arise. Ultimately it is your decision on how much or how little HR tasks you’d like the PEO to handle on your behalf.
Conclusion
If you’re looking to upgrade your internal HR team, partnering with a professional employer organization (PEO) is a great way to do it. PEOs offer a variety of benefits that can help take your team to the next level, including access to superior HR services, economies of scale, and more.
When choosing a PEO, it’s important to do your research and identify the right partner for your business. Consider factors like size, industry focus, and geographic reach when making your decision.
Once you’ve found the right PEO, you can expect a smooth onboarding process. A PEO will provide you with all the necessary services and training to get your team up and running. Your internal HR team will play an important role in managing day-to-day operations and ensuring a successful partnership.
By leveraging the power of a PEO, you can upgrade your internal HR team and take your business to the next level. Need help finding the best fit PEO? Schedule a consultation with us today.