From payroll to benefits and onboarding, human resources tasks can be time-consuming and complex. So, how do you know if it’s time to explore your outsourced HR options?
Heavy administrative focus
If you don’t have full time staff dedicated to HR functions, administrative tasks like providing benefits, answering any benefits-related questions, company policies, background checks, etc. can be taking away valuable time from other things you need to be focusing on. As these tasks aren’t going to generate any income for your business, you may want to free up some of the time spent here to focus on other responsibilities.
Struggling to keep up with legal regulations and compliance
Staying up to date with compliance and ever changing rules and regulation year after year can be a difficult task. Between payroll taxes, the Affordable Care Act, and any other number of laws that can change each year, mistakes are more likely to occur and can result in big fines.
Can’t afford full time HR staff
You can save a lot of money by outsourcing your HR department and get all of the same benefits of an in-house team. Outsourcing can help reduce salaries, benefits, office space, computers, and a number of other costly items that are required to have a full-time team on staff.
Trouble hiring the right talent
A PEO can help you attract top talent by giving you the ability to offer a competitive benefits package. A PEO works by pooling together all of its clients to negotiate attractive benefits packages including things like insurance and retirement accounts.
If you are finding yourself struggling to keep up with HR, you could consider professional employer organizations (PEO) that can take all HR tasks for you and free up your time to help manage other core competencies within your business. On the other hand, if you need HR experts to act as your personal concierge through your HR from ADP, PayChex, or Paylocity to problems with ERISA compliance, weareHR is a viable option.