According to Chron, 81% of small business owners handle HR functions on their own. But 30% of those business owners admit to making frequent mistakes and feeling unsure if everything is correct.
It’s time to leave HR functions to the professionals, as HR outsourcing is one of the best things a business owner can do for a company. NetPEO is the trusted New Jersey HR outsourcing company that can help. Call our team at (678) 376-1212 or complete our online form to get started.
Why Do Companies Outsource HR Functions?
Human resource management includes an extensive list of responsibilities. A typical HR manager will perform an array of functions, such as:
- Recruiting and hiring suitable candidates
- Onboarding and training new workers
- Managing employee benefits
- Disciplining and terminating employees
- Processing payroll
- Updating and overseeing company policies
- Maintaining employee records
That being said, firms need a proficient HR team. Large businesses have the resources to build a well-ordered human resource department. But small businesses may struggle. That is why an increasing number of companies outsource their HR functions.
What a Small Business Gets from Outsourcing HR
Partnering with HR outsourcing services allows businesses to receive expert-level assistance at an affordable rate. No matter the business size, industry, or functions required, an HR outsourcing company can help.
New Jersey businesses that partner with NetPEO receive access to a pool of HR professionals who are experts in what they do. Firms choose which services they want to outsource, then we match them with the best-suited PEO.
Save Time and Money
HR outsourcing companies save business owners time and money. Hiring a new employee is a significant investment. Investopedia estimates most companies spend $4,129 per new hire.
PEOs supply firms with HR services at a fraction of the cost. Outsourcing human resource duties means working with a team that is ready to go. There is no training period required, as PEOs are industry experts who can jump right in.
When working with HR outsourcing companies, most businesses pay flat rates for their services. NetPEO clients get to choose which HR functions they want. This allows businesses to only pay for what they need, reduce frivolous spending, and cut costs.
As PEOs take over HR functions, business leaders receive the gift the time. Owners are able to invest in big-picture tasks, while managers can spend more time developing their employees.
Outsourcing HR functions frees up leadership teams so they can devote their workday to growing the business.
Keep Employees Happy
HR is a crucial department for employee success and retention. Human resources outsourcing services allow businesses to supply their staff with an expert professional development team.
HR partners render a wide range of services geared at improving the company’s internal team. These services include:
- Training and supporting new hires
- Overseeing employee benefits
- Generating company handbooks and policies
- Offering ongoing compliance training that adheres to federal and state regulations
- Providing resources to employees who want to further their skills and development
Workers feel more satisfied when they have a department dedicated to their wellbeing. Outsourcing HR functions allows businesses to cultivate a welcoming culture and encourage employee success.
Boost Business Operations
Outsourcing HR equals better business performance. PEOs can streamline HR processes, like payroll processing and benefits administration. Their services let owners and managers spend less time completing HR tasks and more time driving business results.
When you work with PEOs, your risk of making a costly mistake drops significantly. Outsourcing HR functions to industry experts leads to timely and error-free services. Fewer mistakes set the stage for more productive business operations.
What HR Functions Can My Business Outsource?
Can small businesses outsource HR functions? Absolutely. Can large corporations outsource HR departments? Definitely. Can startups turn to PEOs for HR help? Certainly.
The bottom line: all businesses benefit from HR outsourcing.
Some of the most frequently outsourced HR functions include:
- Payroll services
- Compliance and risk management
- Employee benefits administration
- Recruitment and employee development assistance
- Workplace safety and workers’ compensation claims
The types of HR services you receive may depend on your PEO.
What NetPEO Can Do for Your Business
NetPEO is a New Jersey PEO broker. We provide full-service HR outsourcing as well as a la carte HR services. Business owners determine which HR functions they need, and we make sure they receive those services.
Our team also offers HR solutions for a variety of New Jersey industries. From retail to construction to healthcare, we have access to HR professionals who cater to specific fields. All you have to do is pick the one adequately suited for your company.
Partner with a Trusted New Jersey HR Outsourcing Company
HR functions play a pivotal role in employee development and business growth. There is no reason a CEO should perform administrative duties when there are HR experts who can get the job done right. Outsourcing HR paves the way for company success and better business operations.
Are you ready to start saving time and money? Your local New Jersey HR outsourcing company can help. Call NetPEO at (678) 376-1212 or complete our contact form to get started on hiring your next HR professional.