The Bureau of Labor Statistics reports that employee compensation (payroll and benefits) accounts for more than 70% of all business expenses.
As big as that number is, it’s just as important to remember your other hiring cost: Time.
- The average employee spends 32 hours per year on training
- It can take 6 months before a new employee reaches full productivity
- The entire interview process takes an average of 24 days.
That’s a lot of time you aren’t spending growing your bottom line.
How Can a PEO Help Me?
Professional employer organizations (PEOs) like GMS offer guidance and manage the administrative burdens associated with all aspects of the employee life cycle. You retain full control over hiring decisions, we just make those decisions easier for you.
With GMS, you no longer have to waste time on things like the interview process, collecting and reviewing applications, posting job ads or phone screening.
Our HR experts take the time to understand your business needs. Because you only speak to the most qualified candidates, the employee recruitment process is more efficient, letting you shift focus back to the health of your business sooner.
Even the best employees aren’t as likely to succeed if they don’t have proper training. We offer online employee training programs targeted to your employees’ specific job functions.
Attracting quality employees is one thing. Keeping them is another.
The average cost of employee turnover is 21% of the employee’s annual salary. GMS can help you retain employees – and limit turnover costs – by consulting with you on:
- Team building activities
- Rewards programs
- Survey tools
- Suggestion systems
Contact us today at 330-659-0100 or visit our FAQ page to learn more about how our employee training and recruitment services can make your business stronger.