Starting your own business can be pretty stressful, especially when you have to take care of your employees, maintain workplace morale, make sure that the work environment is a safe space for your workers, etc. It is not an easy task to keep an eye on everything if you don’t have a dedicated HR department. However, we know that when you are a small business, you might not have given much thought to hiring your own HR team. That is why you need a PEO agency that will help you fulfill your HR requirements.
In a workplace, there is a list of issues that might arise in-between the employees or between the employees and management. There might be conflicts that might need resolution. As a small business owner, you might not have the HR team that is required to deal with the respective issue. We understand that you already have enough on your plate, to personally resolve whatever conflict that might arise in your work environment. That is why any small business owner needs to associate with a PEO agency, and 3 G’s is one of the best PEO services that will help you make your business more efficient. We understand that you think that you can handle it without help, but we make it so much easier so that you can focus on what you are best at; which is running your business.
What Is HR Or Human Resource Management?
The simplest way to put it would be to say that HR management is the department that exists between the employees and management. The base structure of any company consists of its employees. It is vital that the employees are safe and happy in order for the company to grow and flourish. HR departments are generally responsible for creating and implementing various company policies that will aid with this. Human resource management tends to look at employees as the assets of the company and focuses on reducing the risks to these assets. They try to find ways that will lead to maximizing Return On Investment as well.
The HR department strives to manage the employees in the office in such a way that the work culture propagated by the company can be reinforced into the workers. Another main function of the HR department is hiring and firing. In most companies, HR is responsible for the recruitment of employees. HR will be present at the time of termination as well. When new employees are enrolled in the company, it is the HR department that makes sure that they feel welcomed and help them ease into their work environment and culture. The HR department encourages positive engagement in the workplace. Engagement is a way to increase productivity in the office. There is research that shows that companies that have positive engagement in the workplace are seen to be more productive and have less employee turnover. The HR department also makes sure that the employees feel safe in the office environment and resolves any issue that might arise between the employees or if any employee is facing conflict with the management. Every company needs a dedicated HR department if they want to be more efficient and successful.
Why Does Your Organization Need An HR Department?
The HR department is what stands between the management and the employees. A dedicated HR department is necessary for any company to keep track of what is going on with the employees. The HR department contains skilled professionals who are well-versed in dealing with any issue that the employees might have to face. The HR department is also responsible for recruiting highly qualified candidates that meet the standards of the company and fulfill the necessary roles. Every activity associated with hiring a new employee is performed by the HR department. Everything from reading through the resumes, conducting the interviews, assigning tasks, etc. is conducted by HR. They oversee the training processes as well.
The HR department also caters to the social and ethical aspects of the company. It is necessary to maintain good morale in the office. There is research that suggests that companies with good engagement, keep the employees happy and ultimately lead to improved productivity and efficiency. The HR department also ensures that the employees are okay with the work culture propagated by the company. It is the responsibility of the HR department to make sure that the employees are comfortable and if any harassment or safety issues are faced by the employees, they will be resolved through HR. Companies with a dedicated HR department are more likely to grow and have more productivity along with less conflict.
How Does Hiring A PEO Bring HR Benefits?
When you’re a small business owner, you have a lot to take care of. It’s not just the HR department you’re concerned about. There are many legal requirements, workers’ compensation, payroll, taxes, etc. that deserve your full attention. But oftentimes, it can be seen that small business owners are not able to keep track of all these aspects. That is why you need to hire a PEO agency to do all the heavy lifting on your behalf. Professional employer organizations allow you to completely outsource your HR department and they deal with any HR-related issue that you as a small business owner might have to face. A PEO will also indulge in various administration tasks involving the employees on the behalf of the company.
PEOs also arrange for co-employment where the company would still have power over its employees but the workers will be hired into the company by the PEO agency. When it comes to the HR department, if the company already possesses an HR person, then the PEO will collaborate with them and manage the HR department. PEO also aids in talent management. The dedicated HR department with excellent professionals is responsible for the recruitment of new employees with the necessary qualifications. The HR department will oversee the training program and make sure that the new employees are able to cope with the work environment and rectify any conflict that might arise. If you are a small business owner, then you need to pair up with a PEO so that you can focus on the most important thing, which is running your business. Leave your HR concerns to a PEO. 3 G’s is one of the best PEO agencies that will help your small business to reach its well-deserved heights. So, stop wasting your precious time on HR issues, and let us handle that.
- How does a PEO benefit small businesses?
PEO deals with HR services, workers’ compensation payroll, etc. When small businesses associate with PEO agencies, it is seen that the company has more growth in comparison to the businesses that don’t partner up with PEOs.
2. Who is considered the employer in a PEO?
If a small business is associating itself with a PEO agency, then the PEO will be the employer. However, the company will still have power over its employees. The company will still hold the power to terminate the employees and determine the working hours. The PEO usually acts as the co-employer.
3. Are PEOs the same as staffing companies?
No. PEOs are different from staffing companies. Staffing companies generally lease out employees to another business but remain their original employer. PEOs take over certain responsibilities and remain as co-employer.
4. Are companies that partner up with PEOs more likely to be successful?
There is research that suggests that companies who hire PEOs are more efficient. Statistically speaking, the companies that work alongside a PEO are seen to grow about 10% faster than the ones without and are seen to have about 15% less employee turnover. A PEO has the ability to help the company from going out of business.