Employment Law is constantly changing and businesses can easily find themselves struggling to keep up. Many companies today now hire a PEO for HR guidance, compliance & support. This can relieve the stress associated with keeping up all that is involved in having employees. Here are the top 3 reasons business owners need to have HR support.
- Help Avoiding Employment Violations
Many businesses refer to their HR expert as the guardian angel of companies. Through the sound employment law advice they offer, companies are able to easily avoid employment violations. Many PEOs also provide $1,000,000 or more in employment practice liability insurance to cover them from workplace torts.
- PEOs Share in Employer-Related Risk
When a company partners with a PEO it enters into a shared employment relationship known as “co-employment.” At that point the PEO becomes the “Employer of Record” and is financially responsible for, and legally share in a number of Employer/Employee related liabilities such as:
- Employee Discrimination
- Workplace Torts
- Employee Benefits, Administration & Reporting (ACA)
- Payroll & Tax Filings
- Employer Compliance
- Risk & Safety Reporting
- Unemployment Claims Management
- 401K reporting
- EEOC issues
3. Reduce Cost
An HR support team can help manage performance in many ways, which not only helps to improve work environment and efficiency, but also assists in dealing with areas where poor performance is an issue. It also eliminates the need to hire an outside attorney to assist with any issues that may arise in the area of employee liability, saving companies money and stress. If you’re looking for HR outsourcing companies Houston you have come to the right place.