Trying to keep on top of your business’ HR tasks can be daunting, but during a global pandemic like COVID-19, it’s more akin to trying to slay a seven-headed Hydra. It simply never ends.
That’s where a professional employer organization (PEO) can come in and save the day.
As a small or midsized business, you’ll be growing in your day-to-day HR responsibilities, like managing benefits, training employees, and processing payroll. Unfortunately, that can cause your other just-as-important tasks to fall by the wayside, like building retention strategies and executing recruitment initiatives.
Keep on reading to learn all about what a professional employer organization can add to your company.
Professional Employer Organization (PEO) 101: Helps With Recruitment
Needless to say, one of the key responsibilities of any HR department is recruiting the right employees for your company, as well as taking care of all the hiring procedures.
Having a PEO on your side can help you develop a much more effective recruiting platform, as well as streamline your hiring process. After all, hiring the right people for the job can be rather tricky. In the midst of fierce competition from competitors for the best talents, it’s a full-time job on its own to find the right person and seal the deal.
Improves the Onboarding Process
After getting your new employees through the door, you’ll want to ensure that your giving them the right first impression.
Your partnering PEO can take care of the whole process for you, from giving your incoming talent the real sense of your company’s vision, culture, values, as well as welcome them to the team.
There are amazing PEOs like this company that turned the process into an art form. So make sure to check it out here.
Manages Your Remote Workforce
With COVID-19 turning remote working from a fringe benefit to a rather mainstream element in American’s daily lives, you’ll want to properly manage your employees to maintain and boost their levels of productivity.
A PEO can be of great help to your employees in helping them adapt to working from home, by training them to use new tools and choosing the right software that keeps you and your employees connected.
This way you can make the transition process as smooth as possible for your employees as well as their quality of work.
One of the trickiest responsibilities that your regular HR teams need to constantly handle is ensuring that your company is in compliance with state, and federal laws and regulations.
There are so many different compliance obligations to keep track of them all, as employment laws, the Affordable Care Act, COBRA (Consolidated Omnibus Budget Reconciliation Act), unemployment and workers’ compensation insurance, and so much more.
Having the right PEO can truly save you tremendous amounts of money that you’d have to pay in fines if you’re found to be failing to stay in compliance.
Ready to Boost Your Business’ Productivity?
In times of economic turbulence, with an added global health pandemic, it can be rather hard to ask your employees to stay as productive as they tend to be without some additional support.
That’s why getting a professional employer organization (PEO) to take care of the foundational tasks of HR can provide the support both you and your employees need. We hope our little guide was able to shed some light on its benefits.
But, there’s still so much more to learn when it comes to business success and growth. Make sure to check out our ‘massive growth’ section to get the latest tips and tricks you could possibly need.