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What HR Functions Can a Small Business Outsource to a PEO?

by Tim AustinSeptember 29, 2017 8:00 AM

It’s difficult to run a small business without much support, which is why more employers are turning to human resource outsourcing. According to market research company Global Industry Analysts, Inc., the HR outsourcing market is projected to grow to nearly $54 billion by 2020 as business owners turn to other organizations for help managing important HR functions.

So why have so many businesses turned to HR outsourcing? Here are four big reasons:

  • Time savings
  • Improved compliance
  • Better recruitment and training capabilities
  • Cost savings

The benefits speak for themselves, so now it’s a matter of finding out exactly what business responsibilities you can outsource and which ones make the most sense for your business.

Image of a woman selecting human resource outsourcing options for his business.

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Four Reasons Why Small Businesses Outsource HR Functions

by Tim AustinSeptember 19, 2017 8:00 AM

As a business owner, you get used to making tough decisions every day. One critical question is whether you should handle every human resource function internally or if it’s in your business’ best interest to consider outsourcing. 

To insource or to outsource may not be as difficult of a question as you may think. Here are four reasons why it may make sense for your business to consider human resource outsourcing.

Image of a human resource outsourcing company helping a small business owner.

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Human Resources

HR Issues in the Construction Industry

by Matt SchoolcraftDecember 15, 2016 8:00 AM

The United States Construction Industry is sure to face some changes in the coming year, with the change of leadership and direction of the country. Regardless of your position, there has been a push for investment in this country’s infrastructure on both sides of the aisle.

President-elect Trump has mapped out a $1 trillion infrastructure plan with the help of Economic Advisors Peter Navarro and Wilbur Ross. They have broken down a 10-year plan, with the focus of funding coming from private entities. The idea is for these revenue generating projects (i.e. Utilities, toll roads, airports…etc.) to provide tax credits to the private investors to be counterbalanced by the employee and company taxes generated from these projects.

All parties have agreed on the need for investment into our infrastructure, which in turn, should generate more jobs in the construction industry across the country. That being the case, there are HR issues that need to be addressed through the industry to aid in this growth.

Image of a construction worker. Contact GMS for help with HR issues in the construction industry.

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Grab Bag

Benefits of PEOs for Startup Companies

by Matt SchoolcraftDecember 2, 2016 8:00 AM

Creating a startup venture is no easy task. Startups come in all shapes, sizes, and industries. People often think of startups as simply tech-oriented companies, but that is not always the case. Neil Blumenthal, cofounder and co-CEO of Warby Parker summarizes it saying, “A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed.”

Image of a startup company in need of help from a Professional Employer Organization.

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GMS News

Three Questions You Should Ask Before Partnering with a PEO

by Tim AustinOctober 18, 2016 8:00 AM

It can be hard to seek help when you don’t know who you should ask. Business owners can spend countless hours trying to manage their business’ HR functions. Fortunately, PEOs can help save them time and money while offering professional management services that can strengthen their business. The important part is to find the right PEO partner for your business. Here are some questions that owners should ask when looking for HR help.

Image of a business owner contacting a PEO. Learn about questions business owners should ask PEOs, including “what is a PEO?”

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Three Busted Myths About Working with a PEO

by Tim AustinSeptember 12, 2016 8:00 AM

It can be hard to manage HR functions internally. That’s why a Professional Employer Organization (PEO) provides comprehensive services for businesses in need of help. 

However, some people aren’t as familiar with how PEOs operate and may be concerned about working with them. Fortunately, we’re here to help answer your questions. We’ve debunked three myths about PEOs that you shouldn’t worry about.

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Benefits

The True Cost of Employee Training Programs

by Stacey LinnJune 2, 2015 8:00 AM

According to the Association for Talent Development’s 2014 State of the Industry Report, organizations spend an average of $1,208 per employee on training and development. For companies with fewer than 500 workers, that number is even higher, coming in at $1,888 per employee.

But time is money. According to that same study, companies are spending an average of 31.5 hours per year training employees. That’s time you aren’t billing to an account or turning prospects into clients.

Learn how GMS can make human resurce functions like employee training more efficient.

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Human Resources

Questions You Should Ask a Professional Employer Organization

by Tim AustinMay 26, 2015 8:00 AM

You have to make a lot of decisions when you own a business, and they’re not always easy. The decision to partner with a Professional Employer Organization (PEO) to manage your payroll, human resources, risk management strategies, and benefits is a perfect example of this.

Do your due diligence when selecting a PEO. Contact GMS with any questions you may have to help make your decision.

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Human Resources

Is a PEO Right For You? Risk Management Edition

by Tim AustinMay 19, 2015 8:00 AM

Whether you’re dealing with workers’ compensation or unemployment claims, risk management can be a struggle for any business. You only have a certain amount of hours and budget to handle everything that needs to get done to run a successful organization, so having to deal with potential risks can put a damper on your profitability.

Fortunately, a Professional Employer Organization (PEO) like Group Management Services (GMS) can help. Our trained professionals know human resource functions like risk management inside and out, allowing you to breathe easy and save both time and money in the process.

Here’s how.

Without effective prevention strategies, workers’ compensation and unemployment claims management can be a major burden for a business.

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Risk Management

Is a PEO Right For You?: HR Management Edition

by Tim AustinMay 12, 2015 8:00 AM

If you’re like most business owners, you probably didn’t go to school to learn the intricacies of human resource management. As a result, you’re either spending too much time on HR or too little. Neither is good for your bottom line.

Managing HR by yourself can cause big headaches. Consider a PEO instead.

I’m Spending Too Much Time on HR Management 

According to the Society for Human Resource Management (SHRM), there are 45 components to successful HR management. Forty-five!

If you’re trying to be proactive about HR management, good for you. But if you have to manage multiple vendors who are working in “silos” while trying to make sense of everything they’re doing for you, you’re probably not spending as much time as you’d like growing your business. Either that or you’re burning the midnight oil to keep up. 

Neither option seems that appealing, do they?

I’m Not Spending Enough Time on HR Management

On the other hand, if you’re not spending enough time on HR management, you’re more likely to be at risk for non-compliance fees, inefficiencies that slow down your production schedule, lower employee morale, and more. And you’re probably losing sleep at night because when it comes to HR, you don’t know what you don’t know.   

HR Management is never a problem… until there is a problem and then it’s too late.

Complete Guide to PEOs

Manage HR Functions Effectively and Efficiently With a PEO

Regardless of which path you’ve chosen when it comes to HR management, a Professional Employer Organization (PEO) can be a good fit for your business.

When you partner with a PEO, you get access to a full team of HR experts that can help you:

  • Maintain / obtain COBRA, ERISA, HIPAA, ADA, FMLA, EEOC, and DOL compliance
  • Find and recruit top talent
  • Write detailed job descriptions 
  • Develop employee handbooks
  • Set up training and rewards programs 
  • Ensure that you’re compliant for employee terminations, and more

Additionally, because PEOs can also help you with risk management, payroll administration, and employee benefit administration, you can find money-saving opportunities that would have been much more difficult to spot with siloed vendors.

Best of all, you get the final say on all decisions. PEOs just make those decisions a little easier.

Stop living in fear of HR problems and get back to growing your business. Contact GMS online or give us a call at 888-823-2084 today.

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