Running a small or medium-sized business can be challenging. As a business owner, you want to focus on growing your business and selling your products or services. However, when you are the owner or manager of a company, other tasks, such as administration or human resources, end up taking up your valuable time.
Small or medium-sized businesses do not always have the money to have their own in – house human resource team, so a lot of these tasks can take up a lot of time, leaving little to put towards growing the business.
This is why small or medium-sized businesses should consider outsourcing their human resources, and employee services needs to a professional employer organization (PEO).
What is a PEO?
A professional employer organization is a firm that businesses can hire to take over human resource tasks. Although services offered can vary depending on the PEO companies, the basics most professional employer organizations provide functions such as:
- Benefits administration
- Performance management
- Employee training
- Payroll processing and tax filing
- Compliance and risk management
- Onboarding and offboarding
- Time and attendance
- Workers compensation
- Employee handbooks
Using a PEO service to outsource your employee service and human resource needs can provide many advantages to your business, especially if you are over your head and need resources to accommodate your employers adequately. Also, find the best PEO companies on quicksprout.
Below are four of the best companies that can help you handle employee services.
1. ADP TotalSource
ADP TotalSource helps small or medium-sized businesses with their human capital management and payroll needs. ADP TotalSource is known for its ability to help businesses by offering services in payroll, risk management, benefits, and human resource outsourcing.
ADP TotalSource is known for its excellent reputation for employee self-service, customer service, and human resource services. When you enter into a co-employment agreement with ADP TotalSource, your business gains access to specialized consultants and human resource experts.
Another PEO service that provides human resource support to small or medium-sized businesses is Insperity. Insperity offers personalized coverage and comprehensive service options to its clients.
Through a co-employment agreement with Insperity, your company gains access to 3,000 training resources, and additional services, including payroll processing, benefit administration, risk management, and human resource solutions.
Through a contract with Insperity, your business gains extensive human resource services, workers compensation, payroll, employee onboarding, human capital management, workforce optimization, and government compliance. Insperity can offer support for human resources and help your business grow and run efficiently.
3. Oasis Outsourcing
Oasis Outsourcing is a PEO service that offers significant support to businesses, including benefits administration, payroll processing, risk management, and human resources.
Oasis Outsourcing supports human resource solutions, worker’s compensation, employee benefits, growth strategies, and payroll administration. Oasis Outsourcing is a beneficial support service for start-ups or small businesses that employs at least five employees.
Through the co-employment agreement with Oasis Outsourcing, companies have access to human resource outsourcing, employee benefits administration, and payroll.
Trinet offers flexibility for the small businesses it works for, including no long-term contracts and being able to cancel services with a 30-day notice. TriNet is a good PEO company that offers a variety of services, such as human resources support, worker’s compensation, employee benefits, payroll, retirement plans, employee onboarding, and 401 (k) options.
TriNet has experts in HR, compliance, and payroll benefits that your businesses can use. The payroll systems that TriNet uses are user-friendly and easy access to specialists for questions.
The four companies mentioned above can help your business by handling its employee services. A PEO company can help your business with managing their human resource, payroll, and benefits administration.
By partnering with a PEO company, owners or managers free up time to focus on growing their company. Also, for small or medium-sized businesses that can’t afford benefits on their own for employees.
PEO services can help obtain benefits, retirement plans for your employees, which helps in retaining and attracting top candidates.
For a small or medium-sized business, partnering with a professional employer organization can be very beneficial in helping your business grow. It allows you to outsource the tedious employee services and human resource tasks to specialists and focus your time on growing your business.
PEOs can offer many services that a company would find beneficial, but for small and midsize companies, human resources, employee services, cost-effective benefits, and shared liability can help grow a company.