How many hours do you spend performing tasks that are necessary for the health of your business but are not actually part of your skill set or job description? For example: You spend your time on more relevant work. With HR software, you can integrate all your systems so they seamlessly work together, allowing both you and your employees to easily access and manage the data you need. Working with a company like GenesisHR opens the door to a more efficient paperless world. If you aren’t currently outsourcing your HR, you might be living in a world where everything is marked and documented on physical paper (worst case) or being tracked in siloed spreadsheets (not much better!). You get the HR technology and software your team needs. The GenesisHR team continually looks for improvements and develops new action plans for everything from compliance and benefits to onboarding and payroll as our employment relationship grows. You always have access to HR experts.īeing an employer comes with many challenges and opportunities, but you’re not alone when you choose a PEO partner to help you with HR tasks. At GenesisHR, we take care of providing notices, enrollment, and testing plan requirements. Instead, your outsourced provider handles all the details, from participant education to 401(k) reporting. You get best-in-class retirement benefits (& hands-off administration!).īy outsourcing your 401(k) retirement plan to a PEO, you no longer have to deal with the headache of administration and compliance. For example, small and medium-sized GenesisHR clients have access to healthcare benefits offered by Blue Cross Blue Shield of Massachusetts, including several plan options. PEO clients gain access to large group benefits that are usually available only to bigger companies. In the current labor market, you need all the advantages you can muster to bring in talent-and that includes amazing benefits. You get comprehensive employee benefits that will attract new talent. PEOs take care of all that so you can keep working (in whatever form that takes).Ģ. Why? Because having a partner whose main job is to help you quickly navigate legislation, benefits changes, employee safety, remote work, and more is invaluable. You’re better prepared to handle unfamiliar-or unprecedented-situations.Īccording to NAPEO, companies that partnered with a PEO during the COVID-19 pandemic fared much better than without. Below are nine of the most important benefits of HR outsourcing-some you may know, and some you may not have considered! 9 Major Benefits Of HR Outsourcing 1. When we speak with customers, one thing we hear over and over again is how much they’ve benefited from partnering with our professional employer organization (PEO)-often in ways they didn’t expect. However, outsourcing your HR isn’t nearly as bad as you may think! For some companies, the idea of outsourcing their human resource tasks is daunting-the perceived lack of control, the time it takes to “make the switch,” and the cost all loom large in the minds of many CEOs and CFOs.
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