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.
I am not familiar with Kruse PEO, what states are you licensed and are you a member of NAPEO?
ReplyDeleteNice post. Thanks for sharing. Professional Employer Organization reduces burden as well as this is less time consuming, reduces the amount of work. And that's why outsourcing is best option.
ReplyDeleteIts well written post and i must appprciate your effort which you made to write this.
ReplyDeleteAccountants in London for small Business