HR Outsourcing: Protects assets and contain cost

Connie Laughlin

Business owners globally are outsourcing countless services. Is outsourcing right for your company? Businesses outsource payroll, workers’ compensation insurance, safety programs, HR legal assistance, amongst other services. If most of this is kept in-house you could be spinning your wheels attending training classes, updating processes, and praying you have best practices in place.

Companies tend to fail in the first five years due to a poor business plan or too much time spent going in different directions and not enough attention to risk management and growth strategies.

For companies that have been around awhile, it may be time for enhanced risk management and cost containment programs. If that’s the case, visit with outsourcing service providers to see if this is a viable option to help protect your small to medium size company.

Creative leaders are leveraging new ideas looking for market share and better asset protection. Outsourcing takes away risk burdens, with a shared liability and cost containing price model.

Professional Employer Organization’s (PEO’s) licensed by the Texas Department of Licensing and Regulation provide client companies with payroll administration, worker’s compensation insurance and claims management, employment claims and file management, robust safety program, and an entire host of human resource solutions.

New studies indicate outsourcing HR services is growing, as business owners embrace this concept. ROI is achieved, as well as an enhanced freedom to focus on core activities.

Highly rated and certified PEO’s bring degrees of education, years of experience, and cream of the crop credentials quantifying their value in the workplace. To hand over the outsourcing of HR duties can be a leap of faith. Look for a PEO in full compliance with the Certification Institute's workers' compensation risk management best practices.

Another certification is through an industry group called ESAC. A limited group of PEO’s nationwide have successfully been certified by this group. Employer Services Assurance Corporation (ESAC) certification involves an outside auditing group evaluating each PEO quarterly, assuring their clients of ethical practices, demonstrated financial stability, and documented regulatory-compliant operations. In addition, this certification provides PEO clients a $11,000,000 surety bond for their peace of mind, it’s like FDIC for the banking industry.

Payroll should be delivered accurately, and on time. Look for paperless payroll and user-friendly online payroll reporting.

A quality PEO, such as UniqueHR is conscientious about keeping their worker’s compensation insurance experience modifier very low and clientele pay as they go, with no WC premiums or audits. The time it takes to review policies searching for the lowest premiums eats away at your level of productivity. Or worse yet, are you going “bare” – without Worker’s Compensation insurance? One significant claim could be devastating.

UniqueHR offers a wide variety of benefits to their client companies. As health care interest continues to grow with Obamacare, so does the level of complexity involved in benefits administration.

It makes sense to outsource all services from one reputable, competitively priced company! At the present time 70-85% of all business owners are outsourcing one human resource service or another.

Connie Laughlin is a Business Consultant for UniqueHR. For more information, you may contact Connie at (361) 852-6392 or conniel@uniquehr.com.


HR Outsourcing: Protects assets and contain cost Connie Laughlin Business owners globally are outsourcing countless services. Is outsourcing right for your company? Businesses outsource payroll, workers’ compensation insurance, safety programs, HR legal assistance, amongst other services. If most of this is kept in-house you could be spinning your wheels attending training classes, updating processes, and praying you have best practices in place. Companies tend to fail in the first five years due to a poor business plan or too much time spent going in different directions and not enough attention to risk management and growth strategies. For companies that have been around awhile, it may be time for enhanced risk management and cost containment programs. If that’s the case, visit with outsourcing service providers to see if this is a viable option to help protect your small to medium size company. Creative leaders are leveraging new ideas looking for market share and better asset protection. Outsourcing takes away risk burdens, with a shared liability and cost containing price model. Professional Employer Organization’s (PEO’s) licensed by the Texas Department of Licensing and Regulation provide client companies with payroll administration, worker’s compensation insurance and claims management, employment claims and file management, robust safety program, and an entire host of human resource solutions. New studies indicate outsourcing HR services is growing, as business owners embrace this concept. ROI is achieved, as well as an enhanced freedom to focus on core activities. Highly rated and certified PEO’s bring degrees of education, years of experience, and cream of the crop credentials quantifying their value in the workplace. To hand over the outsourcing of HR duties can be a leap of faith. Look for a PEO in full compliance with the Certification Institute's workers' compensation risk management best practices. Another certification is through an industry group called ESAC. A limited group of PEO’s nationwide have successfully been certified by this group. Employer Services Assurance Corporation (ESAC) certification involves an outside auditing group evaluating each PEO quarterly, assuring their clients of ethical practices, demonstrated financial stability, and documented regulatory-compliant operations. In addition, this certification provides PEO clients a $11,000,000 surety bond for their peace of mind, it’s like FDIC for the banking industry. Payroll should be delivered accurately, and on time. Look for paperless payroll and user-friendly online payroll reporting. A quality PEO, such as UniqueHR is conscientious about keeping their worker’s compensation insurance experience modifier very low and clientele pay as they go, with no WC premiums or audits. The time it takes to review policies searching for the lowest premiums eats away at your level of productivity. Or worse yet, are you going “bare” – without Worker’s Compensation insurance? One significant claim could be devastating. UniqueHR offers a wide variety of benefits to their client companies. As health care interest continues to grow with Obamacare, so does the level of complexity involved in benefits administration. It makes sense to outsource all services from one reputable, competitively priced company! At the present time 70-85% of all business owners are outsourcing one human resource service or another. Connie Laughlin is a Business Consultant for UniqueHR. For more information, you may contact Connie at (361) 852-6392 or conniel@uniquehr.com.
Alice Business Today - April 2013