If your Phoenix business needs assistance executing human resources functions, you can hire a professional employer organization (PEO) or a human resources outsourcing (HRO) company. PEO Phoenix is ideal for small and medium-sized businesses.
What Is a PEO?
A PEO provides full-service HR solutions for businesses that want to outsource human resource functions. They will manage most of the standard HR functions and will also provide further HR strategic services.
PEO services
PEO services are customizable according to the client needs and as per the PEO and contractual agreement. In general, PEOs offer a wide range of services, which may include:
1] Phoenix payroll services like payroll processing, direct depositing, and debiting.
2] Calculating deductions and tax withholding; remitting and filing taxes paid through the PEO platform.
3] Access to and administer employee benefits
4] Workers’ compensation and administering claims
5] Tools to help with recruitment and onboarding process of new workers.
6] Providing best practices and recommendation on employment-related state, local and federal rules and requirements.
7] Better understandings to HR data with workforce analytics.
Benefits of a PEO
PEO services are ideal for small and medium-sized businesses. They can help a business
- free up executives and staff to work on other matters.
- relieve you from the need to hire additional HR staff
- deliver their client employees access to health and other benefits at cost effective prices.
- present a more cost-effective workers’ compensation program as well.
- help businesses to stay up to date with employment-related rules and requirements
Who is a HRO Company
An HRO is a third-party company that provides HR outsourcing services. When you partner with an HRO, you can outsource many of your HR tasks as you want. You can keep some HR services in-house while outsourcing services that the partner can handle better.
You may decide to outsource payroll processing and benefits administration to an HRO while managing recruitment and training in-house. Using an HRO allows a business to fine-tune the operations it keeps and executes. The best HR outsourcing companies can be the perfect solution for larger organizations that already have HR departments and want to outsource a few HR functions
