The San Francisco Bay Area is one of the most competitive job markets in the country. There’s a growing demand for talented workers, and employees are demanding to be paid their worth. Besides higher pay, workers want robust benefits, better work-life balance, and flexibility to work from home.
Bay Area businesses may find themselves scrambling to attract top talent. However, a partnership that supports your business goals and offers the benefit packages that match employee expectations is possible to achieve.
Dig in as we explore the advantages of outsourcing HR functions to a Bay Area professional employer organization (PEO).
Frees Up Your Time
Administrative duties are tedious and unending, especially in a growing organization. The typical business owner works 60 hours a week but spends less than 15 hours on actual business functions. Administrative tasks and other non-revenue generating activities take up the lion’s share of their time.
Handling HR tasks as a non-professional means you’ll always come up short. It’ll take you longer to complete specific tasks, and you’ll make critical mistakes due to a lack of knowledge. Every moment you spend handling HR matters distracts you from your core competency and growing your business.
By focusing on revenue-generating activities, you can scale your operations and improve your bottom line.
Provides Expert HR Staff
Managing employees is a complex undertaking that requires specialized skills and expertise. There are many moving parts and nuances to consider that are easily lost on a non-HR practitioner. And any of them can prove to be a minefield of legal troubles.
By partnering with a Bay Area PEO, you’ll have an expert handling all your HR needs. They’ll maintain the proper paperwork, help you craft effective staff management policies, and ensure you’re compliant with the law. You’ll also have a professional handling challenging tasks such as benefits administration, compliance, and unemployment, to name a few.
Improves Employee Relations
While critical, administrative tasks such as payroll, taxes, and benefits administration can distract HR from tending to your most valuable resource – your employees. By taking on this administrative role, a PEO helps your HR department focus its efforts on the employees.
Now your HR manager can focus on preparing, motivating, and developing the human capital in line with your growth objectives. HR can prioritize workers’ needs and grievances, assess training needs, and refine and tighten job descriptions. A good PEO can consult with you on all these HR needs as well! They can formulate custom ways to evaluate performance, improve workplace culture, and help you build better work-life balance. All said, your HR team can focus on creating a happy workplace where employees feel valued and appreciated.
Learning and Development Opportunities
Partnering with a Bay Area PEO brings HR expertise, technology, and refined processes to your business. Besides saving time and keeping your business compliant, this arrangement includes advisory services. You’ll have access to top-notch experts who’ll guide your business into a professional outfit.
Since PEOs work with businesses across the board, they have access to innovative business technologies and strategies. They’ll help you realign your goals to fit the current business environment and customer needs. Besides streamlining your hiring process, a PEO can help you attract top talent to your small business.
Small businesses have trouble attracting top talent who could champion their growth and development due to poor benefits. With a PEO, your small firm can match the benefits package offered by larger companies. That means you can attract the right talent to diversify your offering and seize available business opportunities.
Streamlines Onboarding
A consistent onboarding process assimilates new hires into your company culture quickly and successfully. If your new employees can hit the ground running, they’re more likely to stay, lowering your turnover rates. New employees who go through a structured onboarding program are 58% more likely to be with the organization after three years.
When you work with a PEO, you gain access to a robust HRIS system that is largely customizable. By fully integrating an HRIS into the structure of your workforce, employee engagement and company culture may be improved. This helps you onboard people faster so they start delivering value more quickly.
Thrive in a Competitive Market
Partnering with a Bay Area PEO is your best shot at thriving in a tough job market. You need expert help to attract top talent to your firm. Outsourcing HR tasks leaves you free to focus on growing your business. You can count on a PEO’s expertise to help you increase your productivity and gain a competitive edge.
