Growing tech companies face many hurdles. From finding the right talent to overcoming competitors, technology companies have substantial challenges that can stymie their growth.
But with the right HR outsourcing partner, tech companies can overcome these challenges and thrive. HR outsourcing provides tech companies with services and support that help them attract and retain top talent by offering high-quality benefits and ensuring accuracy in all aspects of HR.
What can be outsourced?
Tech companies face mounting challenges finding the right talent. That’s why outsourcing certain HR duties can help free up internal staff to focus on your tech company’s core business needs.
With the right HR outsourcing provider, you can expect to shed numerous HR duties, including:
- Payroll
- HR administration
- Employee performance management
- New hire onboarding
- Employee training
- Workers’ compensation
- Benefits administration
Each of these items can weigh down an employee’s work duties. From the time required to process these items to the potential for costly errors, taking these duties off your shoulders lets you focus on growing your business. The only way that is possible is with a trusted HR outsourcing partner.
Learn more about what you should expect from your outsourced HR partner
Benefits of Outsourcing for Technology Companies
Technology companies routinely find themselves under the regulatory microscope. This means that your company needs to take extra precautions to make sure that you handle your HR tasks with care and accuracy.
Improved Operational Efficiency
When your tech company outsources HR duties to a solutions provider, it can increase the operational efficiency of your business. This allows your staff to dedicate their time and energy into revenue-generating activities.
Ensured Regulatory Compliance
HR duties are highly regulated and can easily trip up even experienced employees. When employees are doing double or triple duty, they can be pulled in different directions, leaving them open to make mistakes. These mistakes, even innocent ones, can result in costly government fines, especially in California, where employment laws present unique challenges.
Improved Employee Experience and Retention
Employees of tech companies that use an HR outsourcing provider consistently report higher levels of engagement and confidence in their employer. When workers are engaged and feel supported, they are less likely to leave resulting in higher retention rates for your company.
Reduced Legal Risks
HR outsourcing providers offer tech companies employment law support, reducing legal risks. A trusted HR outsourcing provider will be up to date with all relevant employment laws, even legislation that has not yet become law. This proactive approach helps your tech company be ready for any changes and receive correct and timely advice on how to adjust when employment law changes occur.
HR Technology
Tech companies may use different software for different needs. Some tech companies even develop their own HR software to use. However, this can present unique headaches because the software may not integrate with your payroll provider.
When your company partners with an outsourced HR provider, you can use their HR technology to manage your employees. Everything from payroll to compliance management to employee reviews and personnel files will live in the HR software, giving both you and your employees one place to find all of the necessary information.
How does outsourcing to a PEO grow your business?
A Professional Employer Organization (PEO) is a specialized HR outsourcing company. From payroll and workers’ compensation to tax remittance and human resources, only a PEO can give tech companies like yours a truly comprehensive plan. Better still, your PEO can negotiate at scale to get you and your employees high-quality benefits at costs you can afford.
When tech companies work with an HR outsourcing provider, they need to ensure that their money is well spent. Tech companies will be excited to learn that the ROI of partnering with a PEO is 27.2%.
HR Outsourcing with a PEO Helps Your Business Grow
When looking to outsource HR tasks for your tech company, you need to understand what offerings are available to you. Often, the best economic and personnel choice will be the same – a PEO. Because a PEO is the only type of HR outsourcing that offers you a comprehensive package of services and support, you may see an immediate increase in employee satisfaction and engagement, resulting in increased productivity for your tech company.
