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When someone opens a business, it’s not because they like interviewing candidates, managing employees, or processing payroll. It’s because they’re passionate about their industry. However, mundane administrative tasks are necessary to keep the company operational. Thankfully, they can be delegated. Professional employer organizations (PEOs) can fill the gaps for small and medium businesses. If you own or manage a midsize company, here’s what you should know about PEOs.

The Role of a PEO

Professional employer organizations provide outsourced human resources services. Companies that are too small to have their own HR or accounting department can turn to a PEO for help with everything from staffing to tracking paid time off. Although you may be able to purchase a la carte PEO services, it’s typically more affordable and beneficial to enroll in a package that provides comprehensive HR support.

After negotiating the terms of the contract, you’ll give the organization your desired employee credentials. PEOs typically charge per employee; and once familiar with your company’s needs, the professionals can handle the following.  Payroll Administration, Worker’s Compensation, Health Benefits Management, Employee Relations, and Policies and Procedures. 

The Benefits of Working With a PEO

professional employer organizationA PEO professional will ensure that all work between you and your clients are in full compliance when it comes to tax withholdings, hiring regulations, and other laws. Your employees gain access to perks that only major corporations have the resources to provide. For example, by leveraging their size, PEOs can offer everything from 401(k) plans to lower health insurance rates for even the smallest of businesses.

 

Since 2003, Talent HR Solutions has been helping businesses on Oahu stay on track. Based in Honolulu, HI, this HR company takes the hassle out of administrative work and managing personnel. This professional employer organization offers personalized service and practical strategies to ensure your business continues to thrive. Whether you need help with recruitment and retention or payroll and benefits, their HR professionals are up to the task. Learn more about their services online, or call (808) 354-0498 to schedule an appointment.

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