In the past I have assumed the HR hat in my COO/CFO roles. The two operative words are “past” – in today’s every changing climate of regulation and benefits management/administration the arena has become rather complex – often Professional Employer Organizations are the solution I now turn. And we both know what they say about “assume”?
- PEOs manage thousands of employees and can therefore purchase insurance and benefit plans at a significant savings or allow you to offer higher-quality plans to attract and retain skilled employees.
- Experienced professionals in HR, benefits, payroll, risk management and other aspects of employee administration are on the job. Want to institute a 401(k) plan or flexible spending account? The PEO will do it. No need for you to figure it out yourself.
If you haven’t considered a PEO as a HR solution perhaps you should.