Posts tagged ebook
Why should you outsource your HR needs and how will this help your business?

Last week we released our very own e-Book, Get More Done with a PEO, which goes into detail about how a PEO can help your business grow. In last week’s blog, we discussed what a PEO is and some of the tasks that are typically delegated to a PEO. You can find more information about those specific topics here: https://www.fullstackpeo.com/blog/ebookrelease

Now that you know and understand what a PEO is, there are a few other questions to address when considering if outsourcing HR is the right choice for your company. 

Questions such as: Why should your outsource your HR to a PEO? How will it help your business? How will it help your employees? 

Let’s face it – running your company is time-consuming. You’ve got a lot on your plate, from scaling and marketing to figuring out product-market fit. Partnering with a PEO frees up time to focus on running and scaling your business.

When we interviewed Meredith Gradle, CEO of Iris Works recently, she said this best: “FullStack helps me to be a fulltime CEO and business owner as well as a full-time parent.  And honestly, I wouldn’t know how to do it without them. It gives me flexibility when I come home I can actually be at home and be present with my kids, and I don’t have to worry about all the things FullStack handles for me.”

You didn’t start your company to spend half your day dealing with HR issues. You started your tech company to solve a problem — to introduce an innovative approach to an established system.

PEOs handle the transactional HR items that are important for your business to run smoothly. A PEO can also work with your company’s existing advisors on your behalf, freeing up more of your valuable time. By doing so, your company can experience growth more quickly. The National Association of Professional Employment Organizations found that companies that use PEOs grow 7 percent to 9 percent faster than companies that don’t use PEOs.

Reclaim Valuable Time

When you start your own company, you don’t have the luxury of walking into an established corporate structure with support staff who can answer questions and explain income taxes or the difference in benefits packages. Chances are, you don’t know the first thing about mitigating employment risks or insurance. Why spend time researching information about complicated HR issues when you could work with an advisor that has helped companies just like yours?

You and your employees gain access through a PEO to an experienced HR staff that is knowledgeable on local, state, and federal taxes and regulations. The PEO will make sure that the proper amount of money is withheld from your employees’ paychecks each pay period.

Avoid HR Headaches

Are you familiar with federal anti-discrimination laws that apply to prospective and current employees? What about safety laws or wages laws? Chances are, you’re not. You know the tech industry, not issues that fall under the HR umbrella. But a PEO knows how to comply with these laws and others that impact your company and employees.

Create a Better Employee Experience

Working with a PEO that specializes in your industry and marketplace benefits both you and your employees. You save time both up front and during your partnership because the PEO already understands what challenges a small, tech company in the Midwest faces. A PEO in the tech industry has experience working with various early-stage companies and the people needed to scale those companies. It will already know what benefits you’ll need to offer to attract and retain top talent.


Do you want to reclaim valuable time, avoid HR headaches, and create a better employee experience? 

If this sounds like you, then a PEO might be the right option for your company and employees. Find more information about how a PEO can save your company time, reduce risk, and create a better employee experience in our e-book, “Get More Done with a PEO.”

E-Book Release!
 

We are excited for the release of our e-book, “Get More Done with a PEO,” which you can download here: www.fullstackpeo.com/ebook.  In conjunction with the release, we are going to be highlighting particular focus areas each week in June & July.  It all starts with these two questions:

What’s holding your business back from growth? Are you spending time on the right things for growth - or the administrative tasks of your company’s HR and operations?

If this sounds familiar, you know you need to make a change. It’s time to turn to a trusted adviser to remove the burden of transactional HR and free your time to focus on revenue.

As the tech scene is exploding in Indiana, companies need to find a way to attract and retain talent. What does the workforce want when it comes to choosing where to work and why to stay there? They want a strong company culture, opportunities for growth and development, and traditional benefits.

Here at FullStack, we want small business owners to know their options and understand just how a PEO can help their business grow. We believe that when companies can outsource their administrative HR needs to a PEO, that company is able to focus more on bringing their ideas to market and generating revenue.

What is a PEO?

A PEO is an HR outsourcing firm that enters into an agreement with a company to share responsibility and liability for its employees in the areas of Compliance, Employee Relationship Payroll and Benefits Administration, Workers’ Compensation, and Risk Management. The arrangement allows small companies to be able to offer highly sought-after benefits, such as 401(k) and health care benefits, to employees at costs much lower than if the company were to obtain them independently.

The demand for tech talent is continuing to flourish in Indiana and the Midwest. Companies that offer benefits make themselves more attractive to current and prospective employees. Working with a PEO can help you affordably offer these lucrative benefits that otherwise may have been cost-prohibitive for your company.

What do I delegate to a PEO?

At a minimum, the PEO will monitor and administer payroll, benefits, workers compensation, 401(k), compliance regarding taxes, employment law and other HR matters, as well as drug testing and background checks.

You decide who to hire and what benefits to offer. The PEO then handles the onboarding process or working with benefits providers. This process frees up the much-needed time for company leaders to focus on growing the business.

Do you want to spend more time focusing on bringing ideas to market instead of HR or administrative tasks? Do you want your company to grow?

If this sounds like you, then a PEO might be the right option for your company. You can find more information about what PEO is and how it can help improve your business, in our eBook, “Get More Done with a PEO.”