why outsource?
From the moment you hire your first employee you officially enter into a world of new responsibilities. You are no longer just an entrepreneur or a business owner, you are now an employer. As an employer you will be faced with a wide range of human resource issues that have to be administered. You do have options for managing Human Resources. A Professional Employer Organization (PEO) can take the burden of being an employer off of your shoulders by consolidating these tasks into one bundled outsourced solution.
The chart below is designed to help you understand some of the different Human Resource issues that employers, large and small, may face and the options for managing them.
Keep the following questions in mind while you review this information:
- How are you managing Human Resources today?
- Is your method truly efficient?
- Have you ever recieved Human Resource or employer training?
- Is Human Resources core to your product or service offering?
- Has your staff grown rapidly and are you keeping up with the increased Human Resources workload?
- Do Human Resource tasks distract you from revenue producing activities like attracting new customers or retaining current customers?
- Is there a more cost and time effective solution?
- Could a Professional Employer Organization (PEO) benefit your organization?
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Process & Distrubuite Checks
Quarterly & Annual Tax Fillings
Process Year End W-2s
Track I9s
EVerify
Track W4s
Manage Garnishments
Track & Maintain Employee Time
Track & Maintain PTO
Direct Deposit |
Manage Eligibility & Enrollment
Billing Reconcillation
Manage Employee Deductions
Explanation of Benefits
Track Benefits Information
COBRA or State Continuation
Manage Renewals (costs)
Track Adds & Deletes |
Calculate & Remit Payments
Manage Claims
Return to Work Programs
Manage Renewals (costs)
OSHA Log |
Manage Unemployment Claims (SUTA Costs)
Manage & Maintain Employee Data
Maintain State & Federal Compliance
Manage Terminations
Recruiting
Manage Employee Legal Claims |
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Internal Resources
Outside Resources
CPA, Payroll Vendor, or Software |
Outside Broker
Internal Resources |
Outside Broker
Internal Resources |
Internal Resources
Outside Resources
In-House CPA, Lawyer |
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Employer Owns All Liability |
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Included + |
Included + |
Included + |
Included + |
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PEO Shares Liability, All Wages Reported Under The PEOs FEIN |
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Web-Based HRIS System for Payroll, Benefits, & HR Data
Web-Based Time Keeping
GL Download
Online Reporting |
Pooled Supplemental Programs
401k Programs
EAP Programs
Wellness Programs |
Pooled, Pay As You Go Program
A-Rated Carrier
Long-Term Stability
Accident Investigation |
Pooled Unemployment Account
Stable Unemployment Costs
Turnover Management
Pre-Employment Screening
Employee Satisfaction Surveys
Online Training Programs
Customized Management Training
Salary Assesments
Much More... |
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