Outsourcing
Top Outsourced Human Resource Services
Payroll Services
Payroll is one of the first administrative functions a company may decide to outsource for several reasons: it’s time-consuming, complicated, and business owners risk running into compliance and regulatory issues if not administered correctly. The benefits of outsourcing payroll includes saving valuable time, money, and reducing the risk of being non-compliant. In addition, most payroll services are scalable and can accommodate a business of any size.
Benefits Administration
Employee benefits is another area that takes up valuable time, resources, and can pose a challenge to companies because of the cost of providing them. Some companies will not be able to provide employee benefits like healthcare insurance, retirement planning, or employee assistance programs until they reach the desired size of 50 employees. In fact, due to the rising cost of healthcare premiums, only 30% of organizations with fewer than 50 people offer group health insurance. However, healthcare insurance is by far the most desirable and expected benefit for employers to offer. When companies choose to outsource HR services, access to better, more affordable healthcare plans and other benefits are available.
HR Compliance
Business owners are all too familiar with the stress of maintaining compliance with new employment laws and regulations. What companies may not know is that the best HR outsourcing services from the right HR partner can come with HR compliance support. Instead of having to rely solely on your company’s judgment or business knowledge, you can get help and guidance from your HR outsourced partner’s legal and compliance experts. This will ensure companies stay fully compliant with Federal, State, and local labor laws and reduce liability.
Why Outsource Human Resources?
Human Resources outsourcing involves the use of an experienced third-party provider to assist a business with specific HR functions. These functions may include solutions designed to help your business:
- Efficiently Process Payroll
- Maintain Legislative and Regulatory Compliance
- Implement and Manage Employee Benefits
- Attract and Develop Talent
The Benefits of Outsourcing Human Resources include:
- The Ability to Focus on Business Productivity
- Access to Enterprise-Class Solutions
- Help With Compliance
- More Effective Recruitment Efforts
- Reduced Costs
- Free Up Time and Resources
- Gain Access to Expert Guidance
Kevin Gardenhire Consulting Will Allow Businesses to:
- Focus on Strategic Planning and Future Growth
- Elevate Customer Service Relationships
- Minimize Costs Associated With Employee Turnover and Performance
Many businesses struggle to keep up with changing regulations involving labor and employment. Failure to comply with labor and employment laws can lead to serious financial and legal consequences. Outsourcing your HR functions to a trusted provider can help business owners understand and comply with the required laws and regulations. Outsourcing further allows companies with minimal resources the ability to utilize cutting-edge technology that would otherwise be too expensive to purchase on their own. Additionally, outsourcing your HR administrative tasks can help reduce HR administrative expenses, while increasing employee production and morale.
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