Professional Employer Services Help Businesses Manage Employee Related Risk and Concentrate on Revenue Building Activities
December 1, 2009, CINCINNATI, OH
Abstract: There are over 50 federal laws related to employment. States enact additional laws. In Ohio there are over 100 laws combined that employers are required to follow. These laws create an enormous risk for Cincinnati employers and consume much time that could be spent generating revenue.
Professional employer service(PES) providers enable employers to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. Clients focus on their core competencies to maintain and grow their bottom line.
Regulation in Ohio.
There are 45 PES providers in Ohio. With no regulatory agency and few laws, providers are mostly self regulated. Therefore, an employer must be careful about their selection. However, several organizations exist to promote the professionalism of this industry. A word of caution, a provider's membership does not guarantee that they are following the rules of membership.
National Association of Professional Employer Organizations http://www.napeo.org
The business owner can concentrate on the operational and revenue-producing side of its operations while the PES assumes responsibility and liability for the management of human resources, employee benefits, payroll and workers' compensation, health benefits, workers' compensation claims, payroll, payroll tax compliance, and unemployment insurance claims.
Not only is the business owner relieved of the task and liability, but human resources are better managed by dedicated professionals, dedicated to a single task. Often, employee benefit packages can be obtained more inexpensively for a small employer due to the buying power of a larger group of employers serviced by the PES.
Value and Benefit
Relief from the burden of employment administration.
A wide range of personnel management solutions through a team of professionals.
Improved employment practices, compliance and risk management to reduce liabilities.
Access to a comprehensive employee benefits package, allowing clients to be competitive in the labor market.
Assistance to improve productivity and profitability.
Greater buying power for employee benefits.
Allan Peace and Associates specializes in assisting business owners in the smooth transition to PES outsourcing.
Allan Peace and other staff members meet regularly with providers to determine which providers would best serve our clients. Please visit our blog, Boost your revenue with PES Services, (RSS Feed) to see our accolades and reservations about the operations we have witnessed.
Conclusion:
PES providers are a next generation tool in business management. However, not all are the same. Business owners should seek the competent advice of a consultant before making a selection.
For more information about Professional Employer Organizations or Allan Peace & Associates see http://www.allanpeace.com or contact Allan Peace, President, at (513) 353-2526.
