Human Resources (HR)
professional employment organizations
human resource (HR)
Human resources is essentially the gatekeeper of your internal business operations.
A solid HR department advocates for the best interests of employees and helps business owners manage any issues or legal questions that may arise among their workforce.
Solid human resources operations are essential for any company that wants to keep its employees happy and remain compliant with state and federal labor laws.
However, many new businesses don’t have the budget for a full-fledged HR department, nor do they have the knowledge to properly handle HR on their own.
HR service providers often charge a relatively low per-employee, per-month rate, making them a good option for small startups.
A professional employer organization (PEO) allows businesses to outsource their HR capabilities without the administrative burden.
A PEO assumes the role of “employer of record” for your staff, meaning the provider handles payroll, tax obligations, benefits administration, and more, while you retain managerial control over their day-to-day operations.
In short, working with a PEO means you can enjoy all the perks of having employees without the hassle.
Of course, PEOs come at a cost, and it may be more than your small business resources allow. A more cost-effective alternative may be hiring a human resources service provider to handle specific functions, such as payroll or benefits administration.
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