Tag: human resources

5 Warning Signs You Need to Outsource Your HR | Business

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Your company’s human resources (HR) chief is responsible for many critical aspects of your workforce. They’re tasked with finding, hiring, training and assessing the performance of your employees. Your HR team is also responsible for developing an appealing culture and ensuring the company complies with all labor and employment laws. They may also oversee payroll. If you have unionized employees, HR is the liaison between your company and the union. To say that HR carries responsibility for your company’s success is an understatement.

What is HR outsourcing?

HR outsourcing is exactly what it sounds like. It is handing off some or all of your HR functions to a third party. This can be an alternative to hiring an internal HR department or used in tandem with an in-house HR professional who handles some of your HR responsibilities.

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PEO vs. ASO: Which Is Best for You? | Business News Daily

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Human resources (HR) is an important business function responsible for managing employees and ensuring regulatory compliance. For many small businesses, it’s easier to outsource this function than conduct it in-house. The global HR outsourcing market is expected to surge to $52,941.67 million by 2031, according to a Business Insights market research report.

Businesses who outsource their HR say they’re interested in controlling costs, increasing flexibility and providing a superior level of service to employees, according to the Society for Human Resource Management. If you’re looking to outsource your HR, you may have come across two common models ― professional employer organizations (PEOs) and administrative services organizations (ASOs). But what exactly do these abbreviations mean and what separates one from the other?

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5 Warning Signs You Need to Outsource Your HR | Business.com

~ knjohn ~ Leave a comment

Your company’s human resources (HR) chief is responsible for many critical aspects of your workforce. They’re tasked with finding, hiring, training and assessing the performance of your employees. Your HR team is also responsible for developing an appealing culture and ensuring the company complies with all labor and employment laws. They may also oversee payroll. If you have unionized employees, HR is the liaison between your company and the union. To say that HR carries responsibility for your company’s success is an understatement.

What is HR outsourcing?

HR outsourcing is exactly what it sounds like. It is handing off some or all of your HR functions to a third party. This can be an alternative to hiring an internal HR department or used in tandem with an in-house HR professional who handles some of your HR responsibilities.

Outsourced HR services depend on the contract between the company and the provider. The client service agreement often asks the contractor to handle payroll by managing all withholdings and taxes. The HR company may also be in charge of releasing all W-2s to worksite employees. You may also use the outsourced service to manage employee benefits or retirement plans.

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What Are Standard PEO Services? | business.com

~ knjohn ~ 1 Comment

A professional employer organization, or PEO, is an organization that provides human resources and payroll services to businesses of all sizes. Through co-employment, a PEO becomes the manager of record for tax purposes and provides employee benefits packages under its own tax identification numbers.

Generally, PEOs offer several HR and administrative services designed to support the needs of a business. Don’t mistake a PEO for an HRO, also known as human resources outsourcing, though. HROs are independent companies that may provide a portion of a business’s HR needs, but they don’t operate under the co-employment model that PEOs use.
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Good Stuff Happens When You Have an HR Department of 1 | Entrepreneur

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Many startups begin without a human resources department. The company is small, and hiring someone to manage just a few employees isn’t the priority. But, as the company grows, things start to get complicated: The business needs HR.

And, oftentimes, that starts with “an HR department of one.”

That’s right. Growing businesses don’t need an enormous HR team; even just one person can get the job done. Eventually, when the organization gets big enough, a larger HR department will be a necessity. But until a full team becomes necessary, a one-person HR department can be an amazing force.

Here are three issues that even an HR department of one can help you solve:

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Managing Employees: 5 Scary Small-Business Mistakes | AllBusiness.com

~ lmehit ~ Leave a comment

author of article

Yes, your employees can make or break your business, but battling zombies can be easier than managing people.

When ‘Giving Your All’ Gets You Nowhere

Case in point: I received an email recently from an employee who wanted to know how to turn down a “promotion” that meant doing two jobs without a pay, title, or bonus increase. She wrote:

Read – 5 Scary Small-Business Mistakes.