Manage HR Magazine | Monday, April 25, 2022
Regardless of your company's size, outsourcing key HR functions can provide more scalability and flexibility; partner with a Certified Professional Employer Organization (CPEO) like Resourcing Edge for your HR needs.
Fremont, CA: Human Resources (HR) departments are frequently in charge of everything from payroll and tax filing to legal compliance and employee benefits administration. Not only are there more HR responsibilities than ever before, but statutory and regulatory burdens have also grown in complexity. As a result, you may be considering outsourcing one or more of your HR responsibilities to reduce risk, lower costs, and give you the freedom and flexibility to focus on the core of your business.
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Can a Professional Employer Organization (PEO) Assist?
A Professional Employer Organization (PEO) is a full-service, integrated solution. Clients can rely on PEOs for a full range of HR services. If you want to outsource multiple HR services or can't afford a separate HR department, PEO is a great choice.
Employees work for both the company and the PEO in the co-employment model used by PEOs and CPEOs. While the company retains complete control over all business decisions and operations, the PEO is in charge of your human resources functions such as payroll, benefits, workers' compensation, and more. Even if you already have an HR department, PEOs can provide much-needed support, allowing on-site HR professionals to focus on strategic projects rather than administrative tasks.
What Exactly is an ASO?
ASO is an abbreviation for Administrative Services Organization. An alternative to a PEO is an ASO. ASOs are typically used by companies with more than 50 employees who are in the process of hiring. Resourcing Edge provides its clients with both PEO and ASO options.
What Services Does a PEO Provide?
- Access to large-business benefits (such as health care, retirement, and so on) at a lower cost
- HR specialists who are well-versed in all aspects of human resources
- Payroll and accounting costs have been reduced.
- Employer liability management that is comprehensive
- Administrative duty exemption
When you require a comprehensive HR outsourcing solution, you should consider a CPEO such as Resourcing Edge. A certified PEO offers similar services as a regular PEO but must meet IRS certification requirements regarding tax status, background, experience, financial reporting, bonding, and other factors. A CPEO is fully responsible for paying employment taxes, filing returns, and other tax-related responsibilities. In contrast to HR outsourcing firms, which may be able to provide one or two key HR functions, a PEO or CPEO can handle all of your company's HR needs. You won't have to waste any more time and effort on complicated HR procedures, nor will you have to hire more employees.
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