PEO Services
HR Administration
Survey’s performed by the Society of Human Resource Managers (SHRM) and the Bureau of National Affairs (BNA) as well the U.S. Chamber of Commerce and U.S. Department of Labor and the Small Business Administration (SBA) have estimated that a fully compliant employer’s costs to administer payroll, benefits, risk management, and various other human resources costs, range from $1,200 to $1,600 per employee per year.
HROplus will take you to the provider that will provide key HR functions at a rate that is between 20 and 50 percent less than internal processes costs for a business.
Workers Compensation and Risk Management
Most HR outsourcing providers, in particular, Professional Employer Organizations (PEO), have the capacity to allow for a discounted workers compensation rate. In some instances, businesses can save up to as much 30 percent on their annual workers compensation insurance.
Healthcare and Other Benefits
Much as with workers compensation insurance, PEO is able to pool its client employees in order to procure major medical healthcare and various other benefits, such as vision, dental, and 401k plans, at highly discounted rates.
Reduce Liability
Businesses are often exposed to employee litigation, where lawsuits (legitimate or not) are too often considered just another cost of doing business. Other challenges business owners face is that of ever changing state and federal regulations. Through their legal departments and HR policies, providers, are able to dramatically reduce their clients exposure to liability, and guide you to full compliance with all applicable regulations.
Access to HR Expertise and Technology
Business owners realize that by outsourcing their HR functions to a dedicated provider they are able to gain access to an entire staff of professionals. In addition, they gain access to very powerful human resources information systems, generally delivered via on online portal.
