4 Ways a PEO Can Help Optimize Your Business
How Outsourcing HR Provides a Competitive Advantage
John G. Allen, G&A Partners’ executive VP of Sales, recently contributed an article for Construction Business Owner about four ways a professional employer organization (PEO) can help companies overcome their HR challenges.
Not familiar with the concept of PEO? Check our blog post for everything you need to know: “What is a PEO?”
1. Complying with Employment Laws and Regulations
Simply thinking about the number of federal, state, and local laws governing employment in the United States, is enough to give any employer a headache – especially when you factor in shifting enforcement trends or any conflicts between different jurisdictions. Partnering with a PEO gives you access to experts who understand the many nuances of HR compliance and can help you understand which laws apply to your business, craft employee policies, design workforce management strategies, and more.
2. Controlling Labor Costs
When you add elements like employee benefits packages, workers’ compensation coverage, and company-provided training, the cost of maintaining a workforce goes far beyond compensation and only increases with every employee your company adds. A PEO can help you control your labor costs and overhead expenses by streamlining and automating processes for recruiting, hiring, onboarding, training, and managing worker
3. Maintaining Jobsite Safety
All employers have an obligation to provide a safe work environment for their employees, but not every employer has the knowledge or resources to manage a safety program on their own. A PEO can help your company create and implement a workplace safety program that provides peace of mind for you and your workers. PEOs also offer workers’ compensation coverage and claims management services, safety training resources, and guidance on OSHA inspections and compliance. When utilized, all of these services can lead to a lower experience modification rate (EMR) for your company and minimize the risk of costly penalties or lawsuits—no matter how many jobsites you have or where they’re located
4. Gaining a Competitive Edge
In today’s tough labor market, recruiting and retaining skilled workers is increasingly challenging for companies in all industries. Partnering with a PEO can help position your company as an employer of choice by providing attractive, affordable employee benefits packages on par with what a Fortune 500 company would offer, making it more difficult for candidates to turn down your job offers, and equally difficult for current employees to walk away from. They can also provide recruiting services to bring in skilled workers and support for every other stage of the hiring process, from writing a compelling job description to processing new hire paperwork.