HR Outsourcing PDF Print E-mail
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Tuesday, 24 March 2009 15:29

How can HR Outsourcing Help My Business?

 

In simple terms, HR outsourcing is the contracting out of HR-related business functions to companies that specialize in performing them. By outsourcing essential HR functions, companies are able to minimize the cost and time required to perform them in-house.

 

For years, the most commonly outsourced HR tasks included payroll processing, time and attendance tracking, and the payment and filing of taxes. But as the definition of human resources expanded, the size and role of internal HR departments did as well. As a result, costs associated with implementing and maintaining internal HR functions increased significantly.

 

Fortunately businesses today have the ability to outsource some or all of their HR tasks to specialized companies, such as EBusiness Lending LLC, at a considerable savings in cost and time. Additionally, HR outsourcing provides companies with a unique opportunity to:

  • Focus their efforts on core, growth-oriented business functions.
  • Transfer the time-consuming burden of handling HR and compliance issues.
  • Offer employees best-in-class HR services like health benefits, retirement plans, and rewards and recognition programs at a fraction of market costs.
  • Reference HR expertise and support for complex issues.


Professional Employer Organizations (PEOs) vs. Multiple Service Vendors

 

Although HR outsourcing clearly provides the substantial benefits indicated above and more, businesses tend to outsource HR functions individually as needed. This can seem like an appropriate approach at fist, but can lead to undue heartache in the long run. This short-term view usually results in the business having to manage multiple vendor relationships and contracts, while working with numerous points of contact with varying levels of expertise.

 

In contrast, PEOs like EBusiness Lending, LLC offer businesses "one-stop shopping" when it comes to outsourcing HR. Businesses can partner with one PEO company for all of their HR outsourcing needs, as part of one solution offering. This streamlined, "co-employer" relationship approach to HR outsourcing provides exponential value to businesses. By reducing the cost and time investments needed to manage increasingly complex HR-related duties, companies partnering with PEOs can focus that time and money on growing their business. Additionally, EBusiness Lending, LLC can also offer low-cost value-adding HR services to help with common challenges like recruiting top talent, increasing employee retention, management training and risk consulting services.

 

 

Why Choose EBusiness Lending, LLC as Your HR Outsourcing Partner?

 

There are many factors to consider when choosing an HR outsourcing partner and solution. EBusiness Lending, LLC has pioneered major advancements in the HR outsourcing industry. We go far beyond the services offered by traditional PEOs. In fact, we offer additional, value-adding HR services proven to help take businesses like yours to the next level.

We are committed to providing you and all our clients with the highest level of quality of services and support.

 

 

What is a PEO, and how does it work?

 

Simply put, a PEO (professional employer organization), such as EBusiness Lending LLC, is a company that provides certain HR-related services and functions for clients under what is called a co-employment arrangement. The core services typically provided by a PEO are payroll processing, access to health and welfare benefits , risk management, workers' compensation coverage and HR services.

 

 

What is co-employment and what benefits does it provide?

 

Co-employment Diagram

 

 
Under EBusiness Lending LLC's co-employment arrangement, we assume certain HR/employment-related responsibilities, as provided for by the professional services agreement (PSA) and as may be required under certain state laws. The co-employment relationship allows the PEO to become an employer of record for matters such as employment tax and insurance-related paperwork, thus relieving you of this time-consuming administrative burden.

 

On a day-to-day basis, there is no impact to your business – other than having more time to devote to running your business, free of the HR hassles which the PEO will now take care of. You retain complete control over your business, including the hiring and firing of your employees. EBusiness Lending LLC is there to provide you assistance in making these decisions.

 

Because a PEO can aggregate a number of small clients into a larger pool, the PEO is able to create economies of scale. The PEO then passes these on to its clients who would not otherwise be able to enjoy the benefits afforded by the PEO. One of the best examples is the advantage of having access to world-class benefits and retirement programs through industry-leading companies such as Aetna, Kaiser Permanente, BCBS of Florida and Transamerica. With these benefits in hand, you can now compete with bigger employers in attracting the best and the brightest in an increasingly tight pool of talented workers.



We want to be your HR outsourcing partner.
To help determine if our PEO services are right for your business, This e-mail address is being protected from spambots. You need JavaScript enabled to view it today for a free consultation.
Last Updated on Tuesday, 31 March 2009 17:53