You’ve probably heard of PEOs – professional employer organizations – but you might have wondered when it’s a good idea to use one. PEOs can be a terrific resource for businesses who need an expert partner to assist in HR activities like recruiting, benefits administration, compliance, risk management, etc. In many cases, a PEO even becomes the employer of record, thereby assuming all liability for burdens like payroll taxes. In short, as writer Suzanne Lucas told The New York Times, outsourcing allows companies that don’t have the means or desire to hire in-house specialists to “gain vast resources for a relatively small amount of money.” But is it right for you? Consider these five questions.
The rate of change in business today seems to be accelerating. No one can stand still if they want to survive. Any organization that opts for stagnation will be passed by competitors who are innovating and improving. As we all know, technology has made it easy to “implement” changes.
How many human resources professionals complain that they do not have “a seat at the table” with their organizations? How can the people function not be sitting at the table with the President, CFO, VP of Operations, and VP of Sales/Marketing?