A few frequently asked questions – and answers – for those interested in learning more about outsourcing your human resources to certified* professionals
Here are the HR functions that are most commonly outsourced:
- High-volume recruiting.
- Temporary staffing.
- Background checks and drug screening.
- Benefits administration.
- Creating/updating employee handbooks and policy manuals.
By outsourcing, you are paying for what you need, not paying for what you don’t need. Whether it is a contract that spells out what you are getting or an hourly rate, you will end up paying less for the service than someone you have to pay a salary too. You will also save on the cost of benefits and payroll taxes.
Organizations that focus solely on providing HR services will have much more advanced technology and processes in place to provide those services. Outsourcing your HR functions to such an organization can help to streamline your HR processes, resulting in more effective and efficient HR management and administration.
Pros and cons of HR outsourcing
Pros of HR outsourcing:
- Saves money. Small companies and start-ups usually can’t justify the expense of hiring a full-time HR employee. …
- Allows staff to be more strategic. …
- Vertical expertise. …
Cons of HR outsourcing:
- Reduced human touch. …
- Loss of in-house expertise. …
- Less availability.
There has never been another time in modern day history when so many employment law changes have been made or proposed. Just since January, 2009, both FMLA (Family and Medical Leave Act) and ADA (American’s with Disabilities Act) have gone through major amendments. Panzix Global HR Solution’s Human Resources Assessment will help determine where you stand in this ever changing world of employment law, and can help give you a peace of mind about your employment practices.
A few generally asked questions – and answers – for those interested in learning more about outsourcing your human resources to certified* professionals
Outsourcing your HR needs frees key personnel from the paperwork and complex issues of HR administration, therefore allowing your employees to focus on generating income.
A PEO is a Professional Employer Organization to which companies outsource a majority of their HR functions, i.e. Payroll, benefits, workers compensation, tax administration, etc. By outsourcing these needs to the PEO, companies are freeing up time to dedicate to the nuts and bolts of their business. A client forms a co-employment relationship with the PEO, in which the PEO becomes the administrative employer or the employer of record for tax and insurance purposes utilizing their own FEIN, and the client remains the worksite employer. As the employer of record the PEO is responsible for the payment of wages, management of workers’ compensation claims, regulatory paperwork, compliance issues, and a variety of other administrative duties involving the employees, and may provide the client and/or its worksite employees with additional insurance and benefit plans. The PEO may offer consulting on HR needs such as proper disciplinary needs and termination of employees, but the client remains responsible for directing and controlling the daily activities of the worksite employees, as well as maintaining a safe work environment, and keeping track or actual hours worked and reporting those hours to the PEO for payroll processing.
Panzix Global HR Solutions offers a contract that is beneficial to both parties, and which can be discontinued at any point with a 30 day written notice. However, we feel that you will be completely satisfied with the service that we provide, and that rather than cancelling we will be involved in a long lasting partnership!
Panzix Global HR Solutions is proud to be able to offer you customizable boutique style solutions to meet the individual needs of your company. As a client of PAnzix Global HR Solutions you are able to contract for the services that you explicitly need, and may choose either a PEO or HRO arrangement.
HRO stands for Human Resources Outsourcing. With an HRO agreement you are contracting with Panzix Global HR Solutions to facilitate one or more of your human resource functions, under your own FEIN, and not under a co-employment model.