CoAdvantage – Outsourcing human resources can be a powerful way for businesses to reclaim their time and contain costs while strengthening their ability to recruit and enhance a high-performing workforce. That’s because HR vendors can offer a combination of subject-matter expertise and economy-of-scale pricing that many businesses – especially smaller to midsize operations with small[…]
CoAdvantage- Online, cloud-based, software-as-a-service (SaaS) platforms that focus on a specific HR function (like payroll) are incredibly popular today, especially for small and midsize businesses that need some help executing one or more HR tasks. These online service providers are often relatively low-cost and effort to start using, but they are also typically limited to[…]
CoAdvantage- Here’s a key important question for any organization considering outsourcing some or all of their HR functions to a third-party partner: does the act of outsourcing help or hurt the employer’s relationship with current and future employees? We have some pretty good evidence that employees like it. The National Association of PEOs conducted an[…]
CoAdvantage – How do you know if your outsourced HR partner is performing optimally? According to one study, “organizations should realize that the success of HR outsourcing is very much dependent on their relationship with the service providers, which take into account the significant factors such as trust, business understanding, commitment, communication, and top management[…]
CoAdvantage- In the lifecycle of a successful business, it can be incredibly challenging to figure out when to bring on some help to handle workforce-related management and compliance. As a startup grows, for example, there will likely come a point when they need more HR expertise, but it doesn’t make sense to do everything in-house[…]
CoAdvantage-One underrated challenge with which every employer must deal is how to communicate effectively with their own employees. Clear, engaging, and persuasive communications are critical in the workplace. They’re needed to help sell employees on changes and new policies in the workplace, to help employees make the best use of their benefits, to improve compliance[…]
CoAdvantage-One of the biggest advantages of outsourcing anything is time. According to small business financial lender Fundera, small business owners work a lot of hours. Most (70%) work more than 40 hours per week, and a sizeable minority (19%) work more than 60 hours per week. With HR and administrative tasks consuming as much as[…]
CoAdvantage-If you are considering outsourcing some or all HR functions, or are considering expanding your outsourcing, do yourself a big favor and do some prep beforehand. This preparation does not have to be extensive or onerous – most reputable HR partners or Professional Employer Organizations (PEOs) are very good at picking up from almost situation[…]
CoAdvantage-The employment marketplace is facing incredible challenges – labor shortages, the so-called Great Resignation, huge changes in workplace policy thanks to the pandemic, the acceleration of technological changes like increased automation, and more. Employers are struggling to find, recruit, train, and retain qualified labor; and business owners are more pressed for time than ever, struggling[…]
CoAdvantage- Outsourcing HR offers numerous advantages for businesses both big and small. Some of the benefits are obvious: gaining time, saving money, and improving the organization’s overall competitive posture. But other advantages might surprise you. The bottom-line is that outsourcing frees the employer to get down to business rather than shouldering HR issues in addition to[…]
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