Outsourcing Provides You the Time You Need to Tend to the Business You Love
Remember back when you started your business. Whether it was twenty months ago or twenty years ago, you started your business because you had a passion and a vision. Chances are that vision didn’t include sitting behind a desk for hours on end managing the tedious tasks associated with employment law and human resource administration. Yet there you are all the same. Worst of all, while you’re tending to those administrative burdens, you aren’t able to focus on the business you love or the role you are most passionate about, whether that’s new product development, sales and marketing, customer service, or management and mentoring.
Professional Employer Organizations (PEO) recognize that human resources is integral to your company’s business, but it isn’t your core business, nor is it your area of expertise, so why should it occupy an inordinate amount of your time? Outsourcing your administrative and human resources functions can provide you the time you need to tend to the business you love.
Administrative Tasks that Burden You and Your Business:
• Payroll Processing
• Workers’ Comp & Safety
• Benefits Reconciliation
• State Unemployment Claims
First, let’s start with payroll processing…
Because you can’t escape payroll, outsourcing pays off. When you have people, you have payroll. There is no escaping it. However, payroll processing is a tedious and time-intensive task that allows little margin for error and is usually well outside most companies’ area of expertise. Not surprisingly, payroll is one administrative burden that most companies are quick to outsource, but when you outsource with some payroll service providers, you spend as much time and effort preparing reports as you would administering payroll itself. Instead, you may want to partner with an integrated HR service provider that can bundle payroll services with a time and labor tracking system. With two compatible systems, you can limit errors and expedite payroll by eliminating the need to input pages and pages of data. Of course, you may prefer an ala carte payroll processing solution. Qualified HR service providers can do that too, pairing highly-trained payroll specialists with best-in-class systems to expertly manage the entire payroll process from start to finish. Employees get paychecks that are accurate and on time, and you get to focus on your passion instead of your payroll.
Outsourcing payroll can deliver the following benefits and features:
• Automated payroll system
• Potential to link payroll directly to time tracking system
• Enhanced payroll timeliness and accuracy
• Option of paper paychecks, direct deposit or pay cards
• Manager and employee self-service application
• Ability to allocate dollars by department, project or job
• Monitor and manage paid-time-off (PTO)
• Process garnishments
• Assume responsibility and liability for remitting taxes & tax returns
• Prepare W2 & W3 reconciliation
• Generate and submit certified payroll
In the posts to follow, we will break down each one of these areas into more depth so that, simply put, you can know your options when it comes to Human Resource administration.