Small- to medium-sized businesses are the lifeblood of the American economy. There are more than 27 million businesses with fewer than 500 employees, according to the Small Business Administration (SBA).
More than 99 percent of U.S. employers are small businesses. In fact, in Tennessee, there are more than 150,000 small businesses with employees and the number increases each year, according to the Tennessee Department of Economic and Community Development.
However, it takes more than just motivation and a dream to start a successful business. Money, time, energy, and an ability to focus on everything, including human resources tasks. Most people just want to focus on their business and growth. That means few take into account the amount of time and effort they have to put into HR.
Fortunately, it only takes one call to NetPEO at (678) 841-7195 to get the expert assistance you need so you can focus on growing your business.
Industries That Can Benefit from HR Outsourcing
From B2B to B2C, small business to mid-market, businesses across nearly any industry can benefit from outsourcing HR tasks.
- Professional services
- Information technology
- Construction and building
- Hospitality and tourism
- Education and training
From five to 375 employees and beyond, HR needs and requirements only get more complicated as your company grows. So, it pays to work with a Professional Employer Organization (PEO) that can expand and be flexible depending on your business needs.
Reasons to Outsource Human Resources
Rules, laws, and regulations change nearly as quickly as new policies can be written to address them. But legal compliance is just the tip of the human resources iceberg.
Save Time Handling Administrative Duties
Human resources tasks will no longer be overwhelming or require the attention of one or more non-HR employees. Your team members can focus on contributing to the company by doing their original job(s). No more dealing with payroll, benefits management, or HR paperwork during off-hours so they don’t creep into the workday.
Outsourcing HR ensures you get your time back and those tasks are professionally covered.
Utilize Advanced Technology
Get set up with Employee Self-Service (ESS) portals so employees can take care of basic paperwork and tasks on their own. Onboarding and employee updates are more convenient and save everyone time and money.
Whether several team members work from home or the road or your company is spread across the globe, technology that allows for off-site access is crucial.
In addition to engulfing an unreasonable amount of time, the cost of completing HR tasks can skyrocket when performed by inexperienced or too few employees. Don’t let human resources become a business liability.
Hiring in-house, full-time HR and finance employees can be shockingly expensive, so partnering with a company such as NetPEO can be cost-effective and more efficient.
Lower Your Risk
Rules, regulations, local, state, and federal laws, industry-specific codes are all minefields of statutory and regulatory risk. Without a consistent focus and specialized knowledge, your company could be facing penalties, fees, or worse.
Working with your NetPEO team of experts can ensure you’re completely in compliance.
Provide Better Employee Benefits
For many potential employees, an attractive benefits package can make or break their decision to be part of your team. Many organizations work on their own to cobble together a package of required employee benefits plus additional, attractive benefits on a budget.
When you work with NetPEO, your employees become part of a large, nationwide “pool” of employees. That gives us enormous bargaining power to obtain enticing benefits at a price you can afford.
An Explanation of PEO Services
A PEO isn’t a temporary HR employment company. It’s much more powerful than that. A PEO becomes a co-employer with your company. While you maintain total ownership and control, your PEO partner can take on employee liability and manage sensitive human resources duties.
The benefits to companies, particularly smaller companies with fewer than 500 employees, are great. These benefits include:
- Unlocking greater options for employee benefits at a price you can afford
- Safely, securely outsourcing HR tasks like benefits administration, payroll, and more
- Outsourcing just a few HR tasks or the full suite of HR management tools
- Enjoying the flexibility to scale up or scale down as needed
- Choosing to outsource the HR functions that are unique to your business or industry or having your NetPEO team of experts handle it all
NetPEO is not only a PEO, we are also an HR brokerage firm. We have a network of skilled, knowledgeable PEOs we connect you with in order to best meet your business needs.
We work with you to conduct a thorough analysis to learn about your business goals, needs, and worries. We then link you with a specialized team of HR, finance, and administrative experts to meet your needs. Even when you’re working with your team of experts, we stay involved to make sure you’re receiving an optimal level of service with maximum satisfaction.
HR Tasks You Can Outsource
- Payroll management
- Employee handbooks and other administrative tasks
- Liability management
- Employee benefits
- Employee Self-Service (ESS) technology
- Worker’s compensation
- Risk management
- Background checks
- Relocation management
- Retirement planning
Schedule Your Business Needs Assessment Today
For more than 20 years, NetPEO has been forging partnerships with the best in the business. We offer a comprehensive suite of services to meet all your human resources outsourcing needs. We are the only network of its kind to maintain proactive contact and communication with you once your PEO team of experts is in place.
When you’re ready to take your business to the next level, better manage your risk, and have happier employees, call NetPEO at (678) 841-7195 or fill out the form. We’ll connect with you to do a business needs assessment and provide HR, finance, and administration outsourcing solutions that work for your unique needs and budget.