To attract and retain top talent and keep your employees content, healthy company culture is crucial. Great company culture can boost certain metrics such as engagement, while also improving the workforce through activities such as individual recognition and team building. If you can create a culture that values your employees and leads them to value […]

Every business deals with workers’ compensation issues ranging from high premiums to invalid claims. Understanding what steps you need to take can help you learn how to lower workers’ compensation costs. Or, you can outsource this time-consuming and complex task to a Professional Employer Organization (PEO).

All small and mid-sized companies have administrative tasks to complete. Some of this work requires expert-level analysis and training to ensure compliance. Any violations, even innocent mistakes, can lead to costly and embarrassing fines.

For years, the human resource outsourcing (HRO) industry has been growing — at a rate of more than 8 percent year-over-year, according to some estimates. This growth rate is understandable given the increasing complexity of human resources challenges businesses must face today, coupled with the ever-present need to keep costs low.

You know you have too much work to do. HR is a complex and often time-consuming job that, depending on the size of your company, may require multiple heads. Your boss may even know it, too, but all they seem to care about is cutting costs. So they will not let you hire another employee.

“Nothing we do is more important than hiring and developing people,” General Electric COO Lawrence Bossidy once said. “At the end of the day, you bet on people, not on strategies.”

HR outsourcing can produce great results for your company, but it has to be used properly. One of the services companies want to outsource the most is payroll processing and that often results in a business owner making the mistake of partnering with a payroll service.

HR outsourcing gives small- and mid-sized companies access to HR experts who can relieve administrative burdens. But finding the right experts for your business at affordable costs presents challenges.

Companies unfamiliar with HR outsourcing may question the value of it. However, tangible gains come from working with a Professional Employer Organization (PEO). While ignoring HR outsourcing may not show up on your bottom line as lost revenue or saved costs, there are very real opportunity costs.

Employees have high expectations, especially when it comes to healthcare. Having a competitive health care package helps you attract top talent and reduce turnover.