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The ROI Of HR Outsourcing

An entire HR department for about the same cost as hiring another employee.

If you started adding up all the costs of handling your company’s human resources functions internally (a full-time HR professional, a payroll system, a time and attendance system, a recruiter, legal fees, the cost of acquiring and administering benefits, etc.), you’d quickly get overwhelmed.

Wouldn’t it be great if you could avoid all that added expense and just find one employee who could handle all of these tasks?

So how do you find that perfect HR employee? Does such a thing even exist? There are HR generalists, payroll professionals, benefits specialists, experts in workers’ comp, and training gurus, but few individuals have the breadth of experience (or the time) to effectively manage it all on their own.

Even if you were lucky enough to find the perfect candidate, he or she is not going to come cheap. Someone that good will demand a big salary, exceptional benefits and maybe even a signing bonus. They’ll surely take a few weeks vacation every year, come down sick occasionally, and need a personal day once in awhile. And even if you offer them all of that, there’s no guarantee that they’ll stick around. But what other option do you have?

Instead of taking on additional overhead and hiring someone who may not work out, you can engage a Professional Employer Organization, or PEO, and have at your disposal all the HR experience, qualifications and hands-on support your company needs, all for roughly what it would cost to hire one HR professional.

 

Here’s a quick illustration of all the HR-related costs a small or medium-sized business incurs during a single year, compared to the costs a company outsourcing those same functions to an HR outsourcing provider (like G&A Partners) might incur:

cost-graphic

PEO & HR Outsourcing Fast Facts

  • The average cost of managing HR and administrative functions “in house” is $2,000 per employee, per year for mid-size businesses.
  • Organizations that outsource multiple functions to a single vendor save an average of 32% on administering these functions than those using multiple vendors.

Experience the value of a true HR partner

At G&A Partners, we’re passionate about helping people like you grow their businesses, take better care of their employees and enjoy a higher quality of life, and we’ve been doing just that for more than 20 years.

What sets G&A Partners apart from other HR outsourcing firms is our ability to create customized and scalable service offerings that not only meet your organization’s current needs, but also have the ability to grow as your business grows.
Executive Guide To HR Outsourcing

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