Small businesses often find that the best way to stay on top of such tasks as managing employee benefits, recruiting, training and more is to hire a professional employer organization (PEO). These firms can handle many employer responsibilities for you on an outsourced basis, freeing up time for you to focus on your business.
As with any third-party resource, PEOs have their advantages and disadvantages. Check out a few of the pros and cons so you can make an educated decision on whether a PEO firm is the right choice for your business.
First, the Pros
For instance, the PEO firm could oversee benefits administration, recruiting/onboarding, unemployment requirements, workers’ compensation claims, employee leave, drug testing, off boarding and much more.
Now, the Cons
3. Company Culture Can Suffer. When employees have issues that require HR or benefits experts, it can be a challenge to direct them to a third-party company. In many cases, businesses want to own the HR responsibility so they can maintain a strong company culture around it. Therefore, always use a PEO firm that shares the same culture and values you do to ensure a seamless experience for your employees.
Referral Link @ https://pmrpressrelease.com/the-pros-and-cons-of-using-peo-companies-in-2020/
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