Imagine what happens when your people are managed well and appreciated; they're more productive and satisfied. Now remember the last time you lost a valuable employee. Your company felt that pain in many ways, through lost productivity, lost time and lost experience.
Latest HR News & Articles
Keep up with the latest HR news, human resources articles, and HR Outsourcing trends at SolidBusinessSolutions.com.
PEO Insights Articles
PEO Insights provides a series of articles related to the Professional Employer Organization (PEO) industry including news and updates and the growing interest for both small and large businesses outsourcing human resources through a PEO arrangement.
PEO vs. ASO vs. HRO - What's the difference?
Web-based reporting allows PEOs to provide clients with real-time access to important information and reports at any time and from virtually anywhere.
Ever-increasing need for real-time data
According to a 2013 report, “Professional Employer Organizations: Fueling Small Business Growth,” a comprehensive analysis of existing economic data showed that small businesses in PEO arrangements have higher growth rates than other small businesses, and small business executives who use PEOs are better able to focus their attention on the core business.
According to a 2013 report, “Professional Employer Organizations: Fueling Small Business Growth,” overall evidence indicates that PEO clients spend less for more services and for greater expertise in HR service administration. These services provide key benefits for the businesses, such as greater capacity to attract and retain key employees.
Administrative Services Outsourcing (ASO) vs. Professional Employer Organization (PEO) Cost Comparison
When evaluating your choices and decisions on outsourcing different business processes, as a small or medium-sized business owner you will be well served if you go by the thumb rule of outsourcing: if the work can be done better outside than inside, opt for it.
Outsourcing, when done for the right reasons can help you increase profits, reduce the cost of doing business, and improve efficiency of all your business processes—both core and non-core processes.
Here are the top 5 benefits of outsourcing:
As a small or medium-sized business owner, if you are considering outsourcing some of your business processes, it is necessary that you understand in detail the pros and cons of outsourcing.
When done for right reasons and with the right outsourcing partner, outsourcing can help you streamline your business processes, reduce your cost of doing business, and increase your profits.