As a business owner with a growing company, you’ll have to make personnel decisions to meet new or changing challenges. You’ll have to decide whether you need to have employees that work in-house or if you’d be better off outsourcing the position, which is becoming increasingly popular for many businesses. That decision will come down to the reason behind the need to hire, the length of the project you want worked on, and what sort of responsiveness you need.
If you’re looking for help with HR functions, choosing the right kind of professional employer organization (PEO) can let you meet your needs without breaking your budget. Our PEO brokers are here to help you find a PEO that can meet the unique challenges facing your business. Simply call us at (678) 376-1212 to schedule an initial needs analysis that will help us determine what PEOs might be a good fit for your business.
What You Need to Accomplish
Think about the sort of work that needs to be accomplished. Does it require materials available at your primary work location? Would it benefit from face-to-face collaboration? Does it require access to trade secrets? If yes to any of these, you may be much better off hiring someone to work in-house.
If the task doesn’t require collaboration or anything essential and unique to your business, outsourcing may be an option. Many small businesses, for example, outsource their HR needs to PEOs. Rather than hiring an in-house HR department to handle payroll or benefits administration, companies can partner with PEOs to have these tasks accomplished by highly trained professionals, typically at a fraction of the cost.
Expected Length and Costs
At the outset, you should have some idea whether you look at a long-term or short-term project. You should also have some idea how likely you’re going to have the same project or similar projects that require the same skillset. For longer-term and recurring projects, hiring in-house can be the smarter option. For shorter or one-off projects, outsourcing the task may be the better option.
There’s also a cost factor at work here. In-house employees may save you on salary costs, but that may get eaten up by extra expenditures in the benefits area in order to retain employees. Outsourced talent could have a sticker price that seems high at first but could be worth the upfront costs, particularly if you’re in need of a niche skillset. Recruiting costs may be lower for outsourced talent, as finding and interviewing local candidates can be costly and time-consuming.
Some tasks require a good deal of collaboration or responsiveness. While the Internet has continued to provide new and improved means of communication and collaboration, you may it much more beneficial to have someone in your workplace to deal with directly. Certain types of outsourced talent, like freelancers, may have the skills that you need but maybe juggling multiple contracts simultaneously.
There are other situations where collaboration and responsiveness don’t have a consistently high level of urgency. In HR matters, for example, much of the work doesn’t have sudden, unpredictable deadlines. Handling payroll and benefits administration should be a routine process, making it an ideal area for outsourcing.
Let NetPEO Help You Outsource Your HR Needs
For many small and medium-sized businesses, outsourcing HR needs is a financially sound way of getting the expertise you need at a price your company can afford. PEOs use dedicated HR professionals to help businesses like yours meet a variety of needs, including:
- Benefits administration
- Recruiting strategies
- Handbook development
- Employee self-service website creation
- Legal compliance
According to industry statistics, there are more than 900 PEOs working in the U.S. today and, given how well the industry has grown, there is likely to be even more options available soon. As a PEO broker, NetPEO is here to make the process of finding a new PEO partner as simple as possible. Our focus is on understanding the needs of your business and matching it with a reputable PEO who can provide you with the services you need at a price you can afford.
Call (678) 376-1212 today or enter your contact information on the website to connect with one of our PEO brokers. We’ll be in touch within 48 hours to make sure that you get started on an exciting new chapter for your business by outsourcing your HR needs.