Partnering With an HR Service Provider - A Solution to Rising Health Benefits Costs

Many HR service providers only handle administrative tasks, which is fine for many businesses. However, some go the extra mile and offer their clients expert guidance. This type of support is critical for professional employer organizations to stay competitive. Future-ready HRBPs should shape processes rather than handle them.

Streamlined Benefits Administration

HR services include administering employee records, ensuring compliance with labor laws and company policies, training employees, and fostering a positive work culture. These services are essential to an organization’s success but can be time-consuming and labor-intensive for HR professionals. An HR service provider can streamline the administrative process by managing everything from open enrollment to recruiting and hiring new talent.

Additionally, some providers can save Hawaii employer healthcare businesses money by leveraging their buying power to negotiate lower rates for mandatory insurance policies. With a managed services client advocate and industry-leading HR technology platforms, an HR partner can streamline administrative functions, making the process more efficient for everyone involved. This frees up the HR staff’s time to focus on the strategic tasks crucial to an organization’s success.

For an HR professional to become a true business partner, they must clearly understand their employer’s overall strategy and objectives. This will help them identify ways to improve processes and drive the company’s bottom line.

Increased Employee Satisfaction

HR is a valuable asset for any business, but handling administrative tasks can tax a company’s time and resources. HR outsourcing companies provide a cost-efficient way for businesses to fulfill their human resource management needs without the headache and expense of hiring an internal team. A well-trained HRBP can make or break an organization’s culture and influence employee engagement.

A good HRBP will know how to prioritize and navigate complex relationships, build consensus and manage expectations. They will be able to identify gaps in employee and manager alignment and help resolve them. An HRBP who understands and is comfortable with the politics of an organization can also support their business partner’s initiatives and priorities. They can work with various departments, managers and senior leaders to ensure that HR policies align with business goals and priorities.

When choosing an HR service provider, ask for objective data and verified reviews of past clients. It is also important to find an HR company with deep regulatory experience and a history of working with all types of businesses. This will help ensure that they can assist you with meeting all federal, state and local employment laws and workplace regulations.

Reduced Administrative Stress

HR service providers are trained to take on administrative HR tasks that can burden small businesses. Outsourcing these functions allows a company to focus on delivering value to employees and customers. As a business leader, you understand the importance of managing employee stress levels. It’s critical to ensuring work-life balance, mindfulness in the workplace and mental well-being.

Unfortunately, the demands of your job can make it difficult to stay focused on these important objectives. Whether it’s a PEO or an HRO (human resource outsourcing firm), you can benefit from HR professionals with deep regulatory experience. These experts know how to help you comply with the latest employment laws and local, state and federal workplace regulations. A trusted HR partner can also help you avoid hefty fines and penalties for noncompliance. They can provide tools to help you keep track of compliance and ensure that your workers sign and reaffirm all policies.

They can also help you develop training programs to promote a safe work environment and avoid workplace accidents and incidents. Before selecting an HR service provider, carefully vet them based on their history and reputation in the industry. Choose one that promises 100% transparency and is committed to serving you with professionalism and integrity. Ideally, they should offer a unified platform and process outsourcing with infrastructure, software and service bundled into a single contract.

Improved Employee Engagement

The best HR services providers understand the power of employee engagement and are equipped to help improve your company’s engagement levels. They can provide insight into your employees’ sentiments and needs through employee surveys, pulse surveys and real-time feedback.

This helps them address key issues affecting your engagement levels and can lead to better outcomes for your employees and your business. When you partner with the right service provider, they can offer employee training and development, salary benchmarking, performance management, workforce planning, and compliance management. This helps you build a skilled and motivated team to drive your company’s success.

Engaged employees (15%) are passionate about their work and committed to the company’s goals. They go above and beyond their job description and often take on responsibilities outside their comfort zone. They are loyal to their employers and typically stay with the company longer than disengaged employees. Disengaged employees (18%) are not happy in their current roles.

They show little commitment to the organization and are unable or unwilling to take action to change their situation. These employees are a major drain on the morale of other employees and can negatively impact productivity and profitability.

HR service providers can help boost engagement levels by offering strategies encouraging innovation, supporting managers in recognizing employee achievements and implementing programs allowing employees to spend 20% of their time on creative projects. Choosing the right service provider for your needs is important, and thoroughly vet them based on their track record, reputation, client testimonials and reviews before signing on the dotted line.