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/

Top 3 reasons for hiring hr outsourcing firms

The concept of hr outsourcing firms came into being few decades before when recruiting and managing manpower resource became a challenge. It so happened when demands for skilled labor increased all over the world increased and companies found it difficult to maintain people accordingly for specialized designations. 

The 3 key reasons due to which companies started hiring hr outsourcing firms like Jacor are:

Focus on core business Values:

 

Hiring HR firms, allow the companies to channelize efforts and energy on expanding the business operations, rather than resolving petty employee handling and management issues. Since the HR firm capably handles such concerns, the management can concentrate expertise on core business areas, planning and building strategies for future growth.

Specialized HR service:

The hr outsourcing firms specialize in managing people to utilize the optimal expertise of human resources and related queries. Since the outsourced firms understand the present and future market scope, they lead to specialize in dealing with people, their concerns, employer benefit and potential candidate recruitment. Pre-screening, documentation, verifying skills background check, experience verification are tasks undertaken which may not be completed by the company and individual HR personnel on board.

Feasible return on investment:

The HR outsourcing firms know their job and justify major requirements of clients who lend them work and responsibility to act accordingly, such that business objectives are complimented duly. When such expert HR firms recruit people for specific process or system, then company benefits from the most essential resource (if not immediately then in the long term). This builds higher return on investment since the productivity of the company increases which paves way for quality improvement.

Further this reduces the cost of the company to actually have separate HR department and maintain it along the ongoing process. Therefore, many people to have the system outsourced and monitor only in times of need. 

For More Information Just Visit Us At  http://www.gojacor.com/

4 major reasons for hiring Human Resource Services Ohio

Managing any resource can be challenging but the most is human resources since the needs are dynamic and constantly changing. In a scenario today of skilled and semi-skilled human resources, getting staff and retaining them for productive run is important. The simple it sounds, isn’t actually as professional staffing companies are hired to justify the standard and specific requirement of skilled labor in industries and organizations.

Human Resource Services Ohio is tailored to suit the client requirements and objectives. They maintain everyday control of activities on employees and operations. Reputed staffing companies like Jacor deliver direct access with top management having rich experience of 20 years in HR business management.

If any company starts concentrating on management then technology, innovation and commercial aspirations may go to vain. Therefore, dedicated staffing solutions come to play for following reasons:

 Payroll Administration: 

A well to do staffing agency will provide payroll taxes, processes payroll, filings, garnishments, deductions, direct deposits, W-2’s detailed reports on payroll.

Holistic HR management:

Human Resource Services Ohio keeps compliance with local, state and federal regulations to keep transparent system. Further complete upkeep of employee’s personnel files is done. Assistance in background checks, employee recruitment, records of motor vehicle, alcohol screening is ensured to prepare useful employee books. 

Workers Compensation:

Staffing services specialize in operation safety programs as per business type, prevention loss and critical cost maintenance with competitive rating.

Unemployment Management – 

All claims of unemployment can be managed. This protects clients from being penalized or charged for compensable claims. This process is important in managing the rates.

Health Care- 

Human Resource Services Ohio works on the company behalf to obtain cost effective and comprehensive plan for specific needs. The multi-layered retirement benefit plan of 401k is customized as per client’s needs.

Human resources requirement are evolving with the changing trends in every industry. Jacor is one dedicated staffing solution which you can bank upon. They will match the qualified resource for the work to keep the process flexible and prolific for employers and the candidate.