If you are starting a business in the New Year, it is key you understand the importance of human resources. All businesses, whether large or small, need a human resources department. For large companies, this is not a problem. It is easy to hire experts to manage daily HR tasks. However, for the average small business, this is not a viable option. Unfortunately, the HR responsibilities of a startup company can be extremely overwhelming and, at times, can keep a business from being successful. So, what can you do to help your startup?
Rather than going it alone, consider hiring a professional employer organization, or PEO. A PEO can help your startup by handling all HR responsibilities, leaving you to focus on the big picture. PEOs typically provide a comprehensive collection of HR services, including:
By hiring a PEO, you will be establishing a separation from HR responsibilities and liabilities. While you will maintain daily management of your employees, the PEO will perform the HR administrative functions in the background. They will also share and/or absorb any employer-related liabilities. By choosing a PEO, the majority of your company’s HR responsibilities are taken off of your shoulders.
PEOs can also help your startup grow. Many startup companies will open with one or two employees. The main goal at this stage is to generate enough revenue to sustain the business. As profits become available, the money will be reinvested to grow the company. PEOs can help accelerate this growth process. PEOs can eliminate many distractions that plague management, allowing them to spend their time focusing on reaching company milestones. As the company grows, a partnership with a PEO will allow them to gain an immediate infrastructure, all without the need to hire an HR department. By allowing the owner and management to concentrate on providing the goods and services that the startup company was established to provide, a PEO makes a company more productive while also reducing its risks.
Optimum Employer Solutions is here to help you with your HR needs. We understand that starting a business can be difficult. Allow us to take care of the time-consuming HR responsibilities while you concentrate on growing your business.
Wondering what you can delegate to a PEO? As a small business owner or key executive, you find yourself busy focusing on the core of your business. This leaves you with a long “to do” list and does not leave time for many human resource tasks. This is why many business owners and executives are hiring…
Continue Reading
Your business is like one of your own children. You gave birth to it, grew it with your own hands and made it what it is. It is understandable that you would be concerned about turning many of your significant operations over to someone else. However, there are many myths about how professional employer organizations…
Continue Reading
If you’re a small business owner, you already know that one of our goals here at Optimum Employer Solutions is to free up your time so you can spend it generating revenue and focusing on other aspects of your business. The time you can allocate to actually running your business and increasing sales is precious,…
Continue Reading