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What we do is
similar to your outsourcing to a CPA firm for financial expertise,
or to a law firm for legal expertise. Many small businesses also
outsource to Professional Employer Organizations
(PEO) for human resources expertise.
In doing this,
instant access is granted to an entire staff of HR professionals and
a technical platform at a fraction of the cost that would be
required to have all of those functions in-house.
Outsourcing under a PEO arrangement allows smaller companies to
become part of a large network of companies, which in turn creates
economies of scale, through “employee pooling”, and creates
significant leverage when it comes to negotiating better health
insurance rates, better worker’s compensation rates, and entire
employee benefits plans.
PEO Outsourcing = One
Source, One Vendor
Small companies do
not have the luxury of a large internal HR Department to solve their
employee's issues. Typically, they have to either outsource to many
different vendors (e.g., a broker for health insurance, an outside
company for payroll processing, an HR consultant for training &
development, etc.), or simply do without. With a Professional Employer Organization, small
companies get a single-source solution for all of
their HR needs - a solution that provides them with immediate access
to the types of HR services and benefits normally found in Fortune
500 type organizations:
Employee
Benefits - Health insurance, and flexible spending account
plans, 401(k), Employee Assistance Programs.
HR
Consulting - Organizational Development, training,
recruitment & retention strategies, regulatory compliance.
Payroll
Administration - Preparation, processing, job costing,
reporting, and tax filing.
Risk
Management & Workers' Compensation - Claims management,
safety training programs, government compliance.
With 14 years of
experience in the PEO industry, The
People Advisor, LLC has served as a leading resource for business
owners who want to spend more time on growing their business and
less time on the routine daily burdens of running it.
By partnering with The People Advisor, small companies gain
access to an entire staff of HR professionals - who collectively
possess more than 100 years of experience and an IT platform -
a luxury typically afforded only to larger
businesses.
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