3 benefits of working with an employer of record
Posted on December 30th, 2014 Read time: 2 minutes
As the U.S. economy continues to slowly rebound from the effects of the Great Recession, many organizations will be looking to add to their payrolls in 2015. In addition to making permanent hires, many organizations will turn to the help of temporary workers to accomplish many day-to-day tasks.
However, there are a number of businesses who may not understand the benefits of working with an employer of record. Here are some reasons of why a company would want to partner with an organization of this kind:
- Time saving: Depending on the kinds of positions needing to be filled, the recruiting process itself can be very lengthy. Sourcing and screening for job candidates, scheduling and conducting? interviews along with making an offer of employment isn't a process that happens overnight. In addition, these steps can be repeated multiple times just to find the right person for the opportunity. However, an employer of record typically has a wide range of individuals on staff ready to be deployed at a moment's notice. This can be a great opportunity for companies with a staffing shortage and need qualified help right away.
- Compliance management: There are a number of laws that must be followed at a local, state and federal level when hiring employees. In addition, many of these guidelines can be fluid and change without warning. According to The Payroll Edge, partnering with a supplemental staffing agency that is well-versed in payroll and employment law alleviates a company's human resources department from having to stay updated on any new changes to these critical rules and regulations.
- Employee benefits administration: In addition to payroll concerns, companies that hire permanent employees are also responsible for ensuring that these individuals have benefits that are adequately maintained and meet their individual needs. However, when working with an employer of record, Business Week wrote that these organizations, in many instances, have the ability to negotiate much lower rates than a company can secure by themselves. Given the changes to the Affordable Care Act, partnering with an employer of record may be a wise investment.
These are just a handful of benefits that a company can see simply by outsourcing a small portion of their back office support needs. For organizations looking to lower overhead and operate on a much higher level of efficiency, utilizing HR services could help in achieving this worthwhile goal.
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Posted on December 30th, 2014 Read time: 2 minutes
As the U.S. economy continues to slowly rebound from the effects of the Great Recession, many organizations will be looking to add to their payrolls in 2015. In addition to making permanent hires, many organizations will turn to the help of temporary workers to accomplish many day-to-day tasks.
However, there are a number of businesses who may not understand the benefits of working with an employer of record. Here are some reasons of why a company would want to partner with an organization of this kind:
- Time saving: Depending on the kinds of positions needing to be filled, the recruiting process itself can be very lengthy. Sourcing and screening for job candidates, scheduling and conducting? interviews along with making an offer of employment isn't a process that happens overnight. In addition, these steps can be repeated multiple times just to find the right person for the opportunity. However, an employer of record typically has a wide range of individuals on staff ready to be deployed at a moment's notice. This can be a great opportunity for companies with a staffing shortage and need qualified help right away.
- Compliance management: There are a number of laws that must be followed at a local, state and federal level when hiring employees. In addition, many of these guidelines can be fluid and change without warning. According to The Payroll Edge, partnering with a supplemental staffing agency that is well-versed in payroll and employment law alleviates a company's human resources department from having to stay updated on any new changes to these critical rules and regulations.
- Employee benefits administration: In addition to payroll concerns, companies that hire permanent employees are also responsible for ensuring that these individuals have benefits that are adequately maintained and meet their individual needs. However, when working with an employer of record, Business Week wrote that these organizations, in many instances, have the ability to negotiate much lower rates than a company can secure by themselves. Given the changes to the Affordable Care Act, partnering with an employer of record may be a wise investment.
These are just a handful of benefits that a company can see simply by outsourcing a small portion of their back office support needs. For organizations looking to lower overhead and operate on a much higher level of efficiency, utilizing HR services could help in achieving this worthwhile goal.
