Most business owners start their companies because of a deep passion for their industry and a desire to promote their products. Many of these employers and innovators may be well-versed and knowledgeable about the work of their business, but few are up to date with human resources services. This lack of experience in such a vital area can lead to several costly mistakes that could have been avoided with help from human resources professionals.
At NetPEO, we have a nationwide network of PEOs (or professional employer organizations) that can assist business owners with the services they need to keep their workforce happy and their business running smoothly. Even better: working with a PEO can save employers money as the arrangement is usually less expensive than hiring a permanent in-house HR department.
Mistakes Companies Make Without HR
Since HR services touch upon many different aspects of the company, the errors businesses make without a human resources department can vary. Errors in this category are important because they have the potential to lead to serious lawsuits, and the loss of high-quality employees. Some common mistakes made by employers working without an HR team include the following.
Problems with Employee Benefits
Without an HR team, you may mismanage your employees’ benefits packages. Even if the management of employee benefits is done well, the actual content of the benefits packages may not be enough to attract top-level talent at key positions. Teaming up with a PEO like those in NetPEO’s network can lead to a better negotiating position for employee benefits as well as lower individual costs through the co-employment arrangement.
Why is this important? Having better benefits allows you to attract and retain the best talent in your industry. Managing those benefits efficiently leads to a happier workforce, which cuts down on costly employee turnover rates.
Problems with Payroll
Payroll is a hassle replete with mountains of paperwork and strenuous math that may be too much for busy employers trying to oversee the functioning of their company. When an error occurs with payroll such as mistakes on employee hours or failure to deposit payment on time, the lives of employees can be affected in crucial ways. Not only does this lead to frustrated employees, but it may result in the company running afoul of local or even federal labor regulations. Work with one of NetPEO’s partner PEOs today to ensure that your payroll matters are handled by experienced HR experts.
Problems with Recruitment
Running a business smoothly often starts with the hiring of the right personnel in the right positions. Without an HR team behind you, you run the risk of missing potentially disqualifying items in a person’s background check, a lack of audience-reach when posting about job openings, and even mismanagement of the interview and on-boarding processes. Recruiting the right talent and managing them well is just one way that HR teams and PEOs can help reduce risk for a client company.
Problems with Policies
The policies of your business reflect the company climate and instruct employees about acceptable and unacceptable behaviors. They also dictate safety procedures to help ensure that workplace injuries and the lawsuits that accompany them are reduced. If you do not have HR experts working with you, your company’s policies can become outdated, and may not cover issues that are important to reducing your employer risk and keeping your employees safe and happy. At NetPEO, our partner PEOs can develop policies and manuals such as sexual harassment information and other issues to keep your workplace in accordance with up-to-date regulations and employee expectations.
HR Departments Vs. PEOs
Though having an HR department is better than lacking one, still better is hiring a PEO to provide human resources services for your business. The PEOs in NetPEO’s nationwide network can help companies with as few as five employees all the way up to businesses with more than 100 workers, proving that all business types can take advantage of the best possible HR services. Our PEOs are excellent choices for HR services because:
- …they often are less expensive than in-house staff
- …they are backed by 200 combined years of experience in the industry
- …they can provide better benefits through co-employment
- …and NetPEO regularly checks in with business owners to ensure satisfaction
In fact, the HR outsourcing industry is growing at a rate faster than the overall US economy. The largest association of HR outsourcing companies, the National Association of Professional Employer Organizations, has data showing that PEOs provide services to over 175,000 businesses nationwide.
Get Your HR Affairs in Order with a PEO Today
As a business owner, you want to ensure that your employees are satisfied and your business operates with as few errors as possible. Don’t make the error of failing to have experienced HR experts on hand to handle your human resources and accounting needs. Instead, work with NetPEO to choose from several of our PEOs handpicked to cover the HR services you need.
NetPEO offers a FREE, no-obligation quote on our services to potential clients. To get yours, simply fill out the form on our contact page, or call us today at (678) 376-1212. A representative will be in touch with your shortly to start the process.