Tuesday, June 22, 2010

PEO Consulting Services

A Professional Employer Organization can help manage all aspects of human resources department including government compliance issues.

PEOs or professional employer organizations serve small and medium-sized businesses, helping them outsource the giant task of managing human resources.

This involves HR management, administering employee benefits, workers’ compensation, managing payroll processing tasks, recruiting and selecting staff, maintaining regulatory and government compliance, and managing risks. PEO consulting services are also offered by PEO organizations where they only provide guidance on the various HR responsibilities mentioned above.

PEO consultancy services are an indispensable requirement of any business. Strict regulations governing employee relations have made HR management an elaborate and resource consuming affair for businesses. Though it may not directly contribute to profit making, businesses need to be accurate and up-to-date in HR administration, especially as failure to do this could result in legal action. Businesses therefore require PEO consultancy services for the smooth management of human resources and all its aspects.

PEOs offer expert guidance to handle the HR tasks. In most cases PEOs take over the entire responsibility of recruiting and selecting employees, administering their benefits, managing risks, and ensuring regulatory compliance while the client company has total control over the employees.

Companies generally form partnerships with PEOs to take over the entire HR responsibilities or require the PEOs to offer assistance in only some of the HR responsibilities, such as in recruitment and selection of candidates or in benefits administration and workers’ compensation. Client companies sometimes seek PEO consultancy services only to offer them expert guidance in various aspects of HR administration.

Thursday, June 10, 2010

Employee Benefits Administration Services

Employee benefits administration services are offered by professional employer organizations (PEOs).

A PEO offers human resource outsourcing solutions for client companies. HR management is a huge responsibility, but part of the non-core tasks of an organization. It requires a massive amount of resources, not favorable for companies looking to devote their resources for revenue generating tasks to increase productivity and earnings.

Attract the Best Professionals with Insightful Employee Benefits Administration Services

While PEOs generally take over all human resource responsibilities, they also offer outsourcing of specific responsibilities for companies that are more willing for that. One of these responsibilities is administering employee benefits. Employee benefits administration services ensure companies are able to provide an attractive benefits package to employees, albeit in a cost effective manner. Comprehensive benefits are important factors that increase a company’s buying power in the job market. It attracts experienced and skilful professionals to your organization, even if it may not be a Fortune 500 concern. A PEO ensures you have that critical factor going for you. Small and medium-sized concerns can count on employee benefits to get the best working for them.

Excellent Benefit Plans for Qualified Professionals

Some of the employee benefits provided by a PEO include employee health benefits & insurance plans (PPOs, HSAs), individual retirement accounts and retirement planning, dental and vision care, disability insurance for the short and long term, individual coverage. hospital and supplemental plans, cancer and accident plans, voluntary benefits programs, flexible spending accounts, prescription drug plans, and education saving plans.

A relationship with a PEO would bring in employee benefits administration services that ensure your organization runs efficiently and profitably.
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