Why Outsourcing HR has Become Necessary in Ohio

Human resources or HR is an indispensable asset for any organization or business. No matter what level of automation or mechanization is brought in, people will be required for a lot of functions that are carried out in an organization.

The awareness of multiple and better job opportunities has resulted in a high employee turnover. The ever-changing laws and regulation, maintaining records, paying compensation and now the transition to ICD-10 appears to be an overwhelming task.

Every business is forced to maintain a separate HR department to handle all employees needs which add to the operating cost. Why not cut down on this cost and focus on your core business without any stress?  Leading Ohio HR companies are the simplest solution for all your human resource needs. No matter what kind of business you are running, professional HR companies will provide the staff as precise as you require from it data base.

HR companies use the I-O (industrial psychology), which is a scientific method to identify and sort the issue at the workplace that is related to the human resources. According to the study by the Society for Industrial & Organizational Psychology, the employees are tested for various aspects of their psyche and skills.

• 13% employers use personality test
• 20% employers use cognitive ability test
• 29% employers use psychological assessment
• 41% of employers test the employee on math or literacy skill
• 68% employers test for job skill

It has been found that 34% of the applicants normally lack the skill that is required for the job which ultimately affects the work/business negatively.  The need for training arises which is again a big expense for the business. After the employee is trained, there is no guarantee that the employee will continue working for your organization. In addition to recruitment and training, paying compensation, leaves, health benefits and maintaining employee record is an added stress for the business.

How to choose an HR outsourcing company

Choose an HR outsourcing company that handles the following which will lead to your business success:

• Handling and processing of payroll, taxes, deductions and giving you detailed payroll reports
• Maintains detailed files of the employees, including background checks, drug/alcohol screening, motor vehicle records and compliance with local, state and federal laws
• Offers workers compensation and works on prevention of loss by customizing client specific safety programs
• Extends all health care and retirement benefits to the employees that are outsourced by the business

Find an HR company that investigates the critical relevance of human resources to the society, business and the individual. Reputed and established HR companies provide you the right candidate as required for the job at your organization, handle all employee related tasks including compensations which leaves you free to focus on your core business. Outsource your organization’s HR requirement and watch your business grow. 

Source:  http://gojacor.com/http://gojacor.com/

Benefits of Services Offered by HR Outsourcing Companies

Human resources are an asset for any organization. The success or failure of an organization depends on its human resources which have to be handled as an independent but integrated entity. Every organization must design it operations to keep in mind the function of HRM or human resource management which are planning, organizing, staffing, directing and control. The satisfaction of an employee is the biggest motivator for the employee to perform better which ultimately leads to the success of the organization.

The laws and regulations of USA compel every business house to devote a lot of time for HRM which automatically shifts the focus from the main line of business. Earlier HR meant hiring, firing, payroll and settle a few ruffles. Since 1970, managing human resources has become extremely challenging as compliance with various laws 401 (K), regulations and health care benefits for the employees, disabilities act, family and medical leave act and now Obama Healthcare act has become mandatory. This not only takes up loads of time of the employer but pulls back the organization, increases the overheads of maintaining an HR department which ultimately reduces the profits. The secret of success in today’s scenario is utilizing the services of HR outsourcing companies.

Reasons Why businesses choose to outsource HR

·         To save money by reducing operating costs

·         To focus on core business strategy planning

·         To improve compliance with the ever-changing laws and regulations and thereby reduce legal risk

·         Take advantage of technological advances to streamline HR functions

·         Lack of in-house HR knowledge and experience

·         Use HR expertise for smooth running of the business

·         Reduce HR staff and related expenses

The HR functions that most businesses outsource are:

• Background check of the employee
• Employee relocation
• Payroll administration
• Retirement benefits
• Healthcare benefits
• COBRA administration

How to identify when you need to take advantage of HR outsourcing companies services

The laws of the land have made it difficult for a small or medium business house to handle HR. Outsourcing the HR needs is worth the time and money that a business spends.  It is time to cut down on your expense and outsource your companies HR needs when:

1. You observe a drop in productivity
2. Higher rate of absenteeism amongst the employees
3. Higher turnover of the staff
4. Penalty that you pay or notices you receive for non compliance with the laws

If you observe any of these symptoms, it is time to outsource the companies HR functions to HR service providers.

Conclusion

HR outsourcing companies help you save money, helps you to run your business as usual without the stress of handling HR issues, avoids staff turnover so you don’t have to go through the hassle of training the new staff, which reduces your overheads and if your business requires new skills, the HR company will provide trained staff which ultimately helps your business to evolve.

Source: http://gojacor.com/

PEO Services – A Powerful Cost Saving Tool

Human resources play a very major role in the success of an organization. A complete department is devoted to handling the HR for smoother functioning. All the HR requirements like payroll, benefits of retirement and health, workers compensation, insurance and compliance with the state and federal laws are efficiently handled by reputed companies offering HR outsourcing services.

How you benefit when you choose a Professional Employer Organization (PEO)to handle HR needs

• PEOs manage more than a thousand employees for whom they purchase insurance and other benefit plans at much lower rates. You can save significantly when you offer higher quality plans that will help you to attract and retain the skilled staff
• HR manual is provided for your employees with policies and procedures that are maintained in compliance with the state and federal laws
• You can access the payroll records, benefits, employee personal data, holidays taken that include sick leaves and vacations and many other specialized reports

Which HR outsourcing company you must choose

With plenty of companies offering PEO services, it is overwhelming to decide which company is most beneficial for your business. Keep these simple pointers in mind which will help you to select the right HR service provider. 

• Choose a full service staffing company that is accredited by the Employer Services Assurance Corporation and has a presence in your industry
• Handle payroll process that includes taxes and filings, direct deposits, deductions and W-2s with detailed payroll reports
• Offer human resource management services that include a complete personnel profile of the employees that includes a background check, driving records, drug/alcohol screening and preparation and distribution of client specific employee handbooks
• Handling unemployment claims which includes that you, the client is not penalized for non-compensable claims
• Obtains comprehensive and cost effective health care plans as per your company needs. Offers retirement benefits with implementation of 401k plans that is customized for each client as per the need

Co-partnering with a PEO, your company can effectively reduce the risk and responsibility associated with correct reporting, collection and depositing government taxes, I-9 requirements, EEO reporting and claims resolutions and management of some employee-related claims and provision of EPLI (employee practice liability insurance).

Employ Professional employer organization (PEO) for your business and you can concentrate on your revenue-generating projects with no distraction from HR management. Streamline your business by availing PEO services which are the open secret of the success of businesses. 

Source: http://gojacor.com/