Many companies explore professional employment organizations (PEO) and the potential benefits they can provide, but it’s vital for business leaders to know that PEO alternatives exist and, in many cases, provide superior performance at a lower cost. PEO alternatives like the services provided by HR Knowledge can streamline internal work processes, cut down deliverable time considerably, and allow company leaders to make more informed decisions with greater confidence.
What Are PEO Alternatives?
Before you start exploring PEO alternatives it’s vital to understand what most PEOs typically offer. Generally, PEOs allow businesses to outsource critical processes to save money and streamline their internal processes, but not all PEOs are created equal. Some of the functions PEOs typically offer include hiring, recruitment, handling compliance documentation, creating and enforcing human resource department policies, and managing company payroll and benefits coordination. PEOs typically offer these services on subscription-based payment models. Companies that want to take advantage of PEO services pay on a monthly or yearly basis for access to these services.
PEO alternatives are gaining popularity because they generally offer more cost-effective performance and greater control than PEOs typically allow. PEOs are not temporary staffing firms, hiring agencies, or part of your organization. PEOs often require payment based on the services they provide and the employees they recruit for your organization. For example, if you turn to a PEO for recruitment, it’s not uncommon for the PEO to require you to pay for a portion of all the business a recruited employee generates for your business. The recruited employee will also be on the payroll of the PEO, not your own company. PEO alternatives are gaining traction in the modern business world because they allow companies to control more of their business while still enjoying the benefits that PEOs typically offer.
Benefits of Choosing PEO Alternatives
When you avoid PEOs and instead choose to implement PEO alternatives like business process outsourcing services or service providers like HR Knowledge, you can hire and retain your own staff. Instead of recruiting employees through a PEO which will keep those employees as their own direct hires, PEO alternatives like HR Knowledge allow you an easier method of recruiting and onboarding additional staff.
Many PEO alternatives also make regulatory compliance much easier. Instead of relying solely on a PEO to handle all compliance requirements, PEO alternatives like HR Knowledge will guide your own staff through the process and leave it entirely within your control. When you work with HR Knowledge and explore PEO alternatives, you don’t need to worry about PEOs overtaking critical compliance-related operations and can maintain full control over your compliance processes.
Choosing PEO alternatives can also potentially reduce your human resource litigation risk. When you work with a PEO and an employee hired through the PEO becomes involved in any type of litigation, the resulting incident will involve your company as well as the PEO and their direct hired employee. When you opt for PEO alternatives, the employer-employee relationship is clearer, and you can rely on the service provider to advise through situations like these.
Why HR Knowledge Is a Top Choice Among PEO Alternatives
Many PEO alternatives exist, and companies of all sizes across virtually every industry can find exceptional value by choosing PEO alternatives instead of traditional PEOs. PEO alternatives allow companies to maintain more control over their operations and enjoy greater overall flexibility. HR Knowledge provides these and many other benefits, all backed by concierge-style service at every level. We work closely with our clients to provide PEO alternatives that are flexible and aimed at helping you achieve your goals.
HR Knowledge strives to offer best-in-class service as a leader among PEO alternatives. When we recruit employees for your business, they become your employees. When we develop training materials for your organization, they become your materials. We keep our fees flexible and allow you to scale your managed services as you grow your business. PEO alternatives offer many advantages over typical PEOs, and HR Knowledge can provide superior service and better outcomes than most of the other available options. Contact HR Knowledge today for more information about our services as PEO alternatives.
About HR Knowledge
Companies in today’s modern market face countless daily challenges. From maintaining supply chains to recruitment and managing benefits and compensation for employees, it can be difficult for many small to mid-size companies to handle these obligations with the speed and accuracy they demand. Many of these companies have realized that partnerships with leading service providers can help offset this burden significantly, and HR Knowledge is one such provider. As an industry leader in managed human resource services, HR Knowledge provides a wide selection of concierge-level human resource services.
We strive to build strong partnerships with every company that hires our team, helping them with everything from training and onboarding to full HR department roles.
Why Your Team Should Consider Working With HR Knowledge
It’s vital for any size company to recognize the importance of proper HR procedures. In the early days of a new company, HR teams can help locate, recruit, and interview potential new team members. The HR department also handles benefit and compensation coordination, helps with the onboarding process, and assists in regulatory compliance so companies can continue their operations without fear of excessive scrutiny or shutdowns from official oversight agencies.
No matter how large or small your operation is, HR Knowledge can help minimize your legal risk, increase your team’s efficiency, and reduce day-to-day operating costs with professionally managed HR services. HR Knowledge can provide everything from full-service HR solutions for your organization or standalone services to fill in the gaps with your existing HR department.
Our services are flexible and adaptable, so regardless of whether you have a dozen employees or a thousand, the HR Knowledge team will scale our services to suit your company’s needs. You can expect to work closely with the HR Knowledge Senior Leadership Team, a group of individuals with more than 200 combined years of experience across various industries dedicated to your company’s success. We leverage the full weight of our experience to ensure your human resources empower your success.
Benefits of Choosing HR Knowledge
Companies that work with HR Knowledge enjoy a wide range of benefits. HR Knowledge is an Administrative Services Organization, handling various human resource services for our clients based on their unique needs. With our full-service model, HR Knowledge rivals the service offerings of the biggest Professional Employer Organizations (PEOs) but with three distinct differences:
- HR Knowledge costs a fraction of what most PEOs charge.
- Your employees will remain your employees.
- We file your payroll and taxes under your own Federal Employee Identification Number.
HR Knowledge can provide everything a leading PEO can offer at a lower cost and with greater customizability. Choose which areas of your human resource responsibilities you would like our team to handle. We can be as hands-on or advisory as you like, helping to streamline your processes in the most efficient way possible so you can grow your business with confidence.
Increase Profitability and Reduce Legal Risk by Choosing HR Knowledge
Companies that struggle to maintain control over their HR obligations typically lose efficiency in other areas of their organizations just trying to make up for these lapses and gaps. A poorly managed HR department in any size organization can not only diminish the organization’s profitability, but also potentially open it up to legal entanglements. Companies across industries must meet their obligations when it comes to employee benefits and compensation, harassment training, and compliance with applicable government regulations. Failing to do so leaves a company vulnerable to both internal and external legal issues, some of which may be catastrophic to growing or struggling companies.
HR Knowledge steps in to account for these weaknesses, turning them into opportunities so that our partners can flourish. Companies that choose to work with HR Knowledge generally notice significant upticks in their organizations’ efficiency, profitability, employee retention, and financial filing accuracy. If you’re curious what HR Knowledge can offer your company or if you’d like more information about our full-service HR solutions or a-la-carte options, contact HR Knowledge today.