Through decades of increased regulation for employers, according to a recent study by Gartner Inc., some 80% of companies are currently outsourcing at least one function that their HR department may have handled previously.
Whether it’s the ACA, ADA, FMLA, or new requirements from the Department of Labor set to begin later this year, many employers have come to realize that they need to outsource some of these tasks.
In an additional study conducted by CFO Research in connection with Prudential Financial it was found that between 40% to almost one-half of those employers surveyed were either already outsourcing or looking to outsource compliance with the Affordable Care Act (ACA) as well as the American Disabilities Act (ADA) and the Family Medical Leave Act ( FMLA) in order to stay within compliance.
The one thing, however, that many companies insist on keeping in-house within their own HHR departments is that of benefits administration. One reason may be that it is easier for companies to personalize benefits to suit individual employees and their needs. Many have found this makes a better experience for those workers and their families.
For other companies, however, keeping benefits in-house just might not be the right choice. If a company doesn’t have the resources, the infrastructure or the expertise necessary in order to be compliant with all of the new regulations or managing the company’s benefits program, outsourcing could be the best option.
You can find a list of questions and considerations in determining what your company’s needs are in this recent article at HR Morning.
The new laws and regulations surrounding human resources in the workforce can be both confusing and frustrating. At NetPEO, we focus on helping companies to stay compliant with all of the changes that have been mandated from both state and federal governments.
We can also help you to determine what kinds of benefits packages will work best for your company and your employees. We are committed to listening to the needs of our clients and offering packages made for your needs and for those of your workers.
NetPEO can help you attract and retain workers for your organization as well as helping you keep an eye on your company’s financial goals. Contact us today to discuss your concerns regarding employee benefits and health care and learn the options that are available. Call to schedule a free assessment today and get guaranteed results.