Loading

Signs You May Need to Partner with a PEO

Img
Img

Running a business can lead to some issues and stressful times. Most businesses have many needs and these needs multiply the second a new employee is brought onto the team. In this case, it may make sense to partner with a PEO, as they can offer many services that will allow your business to grow in the right direction. 

 

Here are a few indicators that could indicate that partnership with a PEO could be a very beneficial business strategy:

  • There is no in-house Human Resources Manager on staff, but a glaringly obvious need for Human Resources administration…

 

  • There is an HR Manager on staff, but they are wearing 13 different hats and find it hard to keep up on ever-changing regulations and statutes, or have no source for current HR information that is actionable…

 

  • There are so many daily HR transactional needs that there is literally a line outside the door of the HR Manager…

 

  • Payroll and taxes are being -processed internally, and it is time-consuming, cumbersome and at times in accurate causing strife for both employees and leadership…

 

  • There is lack of process for employee lifecycle management…

 

  • Employee files are incomplete, unorganized and no one actually knows where they are kept…

 

  • Advice, counsel, and direction are only available through centers of influence (like insurance brokers or accountants) or through expensive consultants or attorneys…

 

  • Benefits costs continue to rise, or there is interest in acquiring benefits that are perceived to be unaffordable…,

 

  • A chaotic work environment that lacks structure, processes and procedures, or there is overlap on job roles, duties, and tasks…

 

  • A pandemic hits, and no one knows how to handle the employees…

 

  • Training on issues like harassment, diversity and other important topics is needed…

 

  • There are no repeatable (and compliant) practices for hiring, staffing and employee retention…

 

  • Vacation and PTO tracking are being performed on an outdated spreadsheet that result in arguments with employees every time they request time off…

 

  • Time is wasted chasing paper timesheets and correcting inaccuracies and outliers…

 

  • Valuable time that could be spent growing the business is wasted by the leaders and managers of the business, on all the above…

 

If you’ve stuck around long enough to read through the list above, and you’ve been in business for a while and are struggling with items on this list, it may be time to seek a PEO partner to learn how these things can be quickly and cost-effectively solved, returning to you your valuable time (and energy) to focus on the growth and development of your business, and to potentially stabilize or even lower your total operating costs at the same time.

It’s ok to ask for help, and the transformation you can experience through a solid partnership with a solid PEO could literally change everything – for the better!


Interested? To learn more about how Kismet PEO can help your business, click below! 

CONTACT US NOW!

Leave a Comment