Thousands of business owners enjoy the benefits associated with outsourcing to a PEO (Professional Employer Organization). HR administration and employee management do, after all, come with a laundry list of policies, liabilities and costs. But, PEOs don’t just step in to save you time, money, and administrative headaches; they also introduce highly effective (and efficient) technology solutions for employee management.
Traditionally, PEOs have partnered up with smaller businesses ranging from 15-20 employees, but larger businesses are increasingly finding value in a PEO arrangement because of the robust HR information technology systems that PEOs bring to the table. Through a co-employment arrangement, you and the PEO contractually share employer responsibilities and liabilities, and your company gains the support of amazing technology, without having to necessarily invest in it yourself.
If you are a larger company of 100+ employees and you are considering your own technology investment, perhaps an HRIS, (Human Resource Information System), consider the following:
- How much is this technology investment going to be? Are there renewals each year?
- Do you have the experienced staff to manage this technology? Or, will you need to hire an expert?
- IS a PEO more cost effective ?
PEOs are investing millions in sophisticated web-based tools and powerful back office databases. Chances are that PEOs are already using a system you’re considering. HR Pyramid, Ultimate Software, Davidson, Darwin, People Soft, HR Passport are just a few examples of sophisticated, best-in-class HRIS that are included as a standard PEO service. They are experts in utilizing different technologies to handle the needs of numerous clients that sometimes have tens of thousands of employees.
Chances are, a PEO may be the more cost-effective (and efficient) route to go. Now, where can you find the best PEO? The team at PEO Advantage continually finds co-employment solutions you can count on, and manages the entire process for you—turning complex quotes into business intelligence so that you can make the best possible decision.
If you are currently trying to determine whether or not you should invest in technology, or outsource to a PEO, please call us today: 877-636-9525.