The National Association of Professional Employer Organizations has reported that the use of PEOs (professional employer organizations) has increased heavily in the past decade. From 2008 to 2017, the human resources outsourcing industry grew at a rate 14 times higher than that of the overall American economy. This astounding statistic suggests that outsourcing human resources and accounting services is the wave of the future.
Unlike some other PEOs and HR outsourcing companies, Einstein HR allows client business owners to select specific services they need as well as taking on the wholesale outsourcing of a companyâ€™s HR services. In other words, client business owners can choose to keep their in-house HR and accounting departments and simply supplement them with workers from Einstein HR as they see fit. Though the best monetary deal often is to outsource the entire department, some business owners may need only a handful of services that Einstein HR provides.
How Outsourcing Benefits Your Existing Team
If a business owner decides to outsource only a few services to Einstein HR rather than all of their HR and accounting needs, we can provide a much-needed boost to their staff in two key areas: saving time and providing heightened expertise.
Outsourcing Saves Your Team Time
Human resources services are varied, and all of them come with seemingly endless paperwork that can be difficult to handle. By outsourcing some of these services, business owners free up time and energy for their in-house staff to focus on more pressing matters rather than the drudgery of reports and files. Whether Einstein HR helps your business by creating policy and procedure manuals, writing employee anti-harassment policies, working through complicated workersâ€™ compensation claims, or any of a number of other services, the end result is that your in-house staff will be free to focus on other issues.
Outsourcing Provides Your Team With a Depth of Experience
Many human resources and accounting services require in-depth knowledge and experience that can only be gleaned from years of study and work. Dealing with compliance matters like the Americans with Disabilities Act, the ACA, and other serious labor regulations can be a daunting task for a small business HR staff. Einstein HR was founded by veterans of the HR outsourcing industry and has several decades of combined experience handling such matters. Instead of increasing stress on your in-house staff by having them venture into compliance issues with which they are unfamiliar, it is better to call upon the range of experience available at Einstein HR.
How Outsourcing Benefits Business Owners
Your HR and accounting staff is not the only beneficiary when it comes to the value of outsourcing your services. The business owner also benefits from the arrangement in several ways.
Outsourcing Saves Money
Saving money and improving oneâ€™s profit margin is one of the chief goals of any business owner. Unfortunately, hiring a full-time, in-house accounting and HR staff to handle all of your HR services can mean paying out expensive salaries and may be cost-prohibitive. On the other hand, outsourcing such services to an HR outsourcing company like Einstein HR is often much less expensive. Typically, PEOs and outsourcing companies offer two primary payment methods.
- Percentage of Payroll: useful for business owners with a high number of low-salaried employees.
- Flat Rate Per Employee, Per Month: useful for business owners with a smaller number of high-salaried employees.
Business owners can negotiate with the PEO or HR outsourcing company to arrive at a payment method that best suits their individual situation, saving them money in the long run.
Outsourcing Provides Peace of Mind
By letting Einstein HR handle some of the more intense and stress-inducing HR services for your company, you as the business owner can relax in the knowledge that experts are working for your company. Moreover, outsourcing services can provide a more stable work environment for your employees by lowering your companyâ€™s overall risk profile through the implementation of workplace safety policies and compliance measures.
Companies with lower risk profiles tend to attract more investors, are safer for other companies to work with, and can be a much more attractive option for customers. In other words, working with Einstein HR can better situate your company in the marketplace.
Get a FREE Quote on Einstein HRâ€™s Services Today
At Einstein HR, we provide client business owners with many, varied HR and accounting services. We handle clientsâ€™ payroll, employee benefits packages, online employee access to services, compliance, taxes, and more. Some of our previous clients have included companies in industries across the board, such as:
- Retail outlets
- Law offices
- Construction companies
- Health care facilities
No company is too big or too small to benefit from our HR outsourcing services. Einstein HR is able to assist clients with more than 500 and as few as five employees.
If you are a business owner looking to outsource some or all of your HR and accounting services, contact Einstein HR online or call us today at 770-962-1700. One of our representatives can assist you with a FREE quote on the services your company needs to succeed.