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Outsourcing HR services for your small business: What you need to know

Insperity

But how do you know if a small business HR outsourcing solution is right for you? What is HR outsourcing for small business? On a basic level, HR outsourcing simply means hiring people outside of your company to perform HR services for your small business. Why do small businesses outsource HR?

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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. Explore the benefits of HR outsourcing below to find out if outsourcing human resources is right for your small business.

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6 common PEO myths debunked

Insperity

For instance, your HR department will now have time to finally tackle that performance management initiative that identifies appropriate training opportunities for your employees. Myth 3: “I’ll lose my status as a small business.”. Employees leaving because their company enters a PEO relationship is virtually unheard of.

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Health Care Reform: 4 Ways to Find Health Insurance for Your Business

Insperity

Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Don’t offer health insurance to your employees.

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A return-to-work process after an extended employee absence

Insperity

Notify the employee of: New training requirements New job responsibilities Updated company policies or procedures. Improve employee retention, which saves costs associated with hiring and training new employees. Determine the employee’s current capabilities and restrictions. Evaluate and finalize personal accommodations.

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Getting the Most from Your HR Outsourcing Company

Insperity

Small business owners often focus on the liabilities that HR outsourcing companies can remove from their operations and tasks that they can absorb instead of services they can provide, he adds. Most business owners are not in the business of employment. Read your contract.

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5 reasons to cultivate strategic business partnerships

Insperity

A strategic business partnership is not a business relationship that looks to exchange or extract value for your business from the other organization. A small business, for example, might partner with an industry-specific organization or association in order to reach a specific target market.