How can you control costs and mitigate while growing your business?

Consider working with a Human Resources Outsourcing (HRO) company! 
Whether your company is small, medium or large, one way to ease the burden of day-to-day HR management, control costs and mitigate risk is to allow a full service HRO provider to take care of it for you.

You may currently work with several vendors to process payroll, handle benefits administration, access an HRIS, recruit and more. You may also be managing an in-house HR employee, increasing or decreasing staff, making compensation changes, providing training, attending to workers’ comp and government compliance issues, keeping up on regulatory changes in law and staying up-to-date with the changes in healthcare reform. This is a lot to manage. Costs can spiral out of control when you have to rely on so many vendors to get the job done.

All HROs are NOT equal. What to look for when sourcing HROs. 
Find an HRO that is local to your business and offers comprehensive HR models including: Administrative Services Outsourcing (ASO), and Professional Employer Organization (PEO) which allows you to report employees under your HRO’s tax ID number helping you further mitigate risk.

An HRO that can provide you a dedicated client service team to answer questions and resolve issues is a plus, instead of directing you to a call center. To maximize employee retention, find one that affords your employees additional benefits like short-term and long-term disability, life insurance, access to a 401(k) plan, 529 college savings plan and Flexible Spending Accounts.

Implement HRO services now. 
You don’t have to wait until next year end to make a change. You can begin transitioning your HR responsibilities to an HRO now, especially if you choose one that has a client service team to assist you.

By: Minneapolis/St. Paul Business Journal