Did you know that this week (May 1-7, 2022) is National Small Business Week? This annual event celebrates the resiliency of America’s entrepreneurs, who are both key players in economic progress, and immensely important in helping grow their respective communities.
But, leading a small business can be overwhelming at times, especially without the necessary support. The rules and regulations that come with managing employees can be difficult to navigate, and administrative tasks can take up a great deal of time and effort.
If you're a small business owner that feels overwhelmed, it could be time to consider human resources outsourcing (HRO). Here are a few ways an HRO partner, like SynchronyHR, can help.
Focus On the Things That Matter
From managing payroll and accounting in-house, to regularly updating safety and onboarding processes, the administrative tasks that comes with a business can be distracting and overwhelming.
HRO partners provide plenty of helpful resources, including a team of professionals that will oversee much of this work. With administrative burdens out of the way, business owners can instead focus on sales, development, and growth.
Lower HR-Related Costs
Administrative costs will grow with your business, but outsourcing these functions can minimize expenses. According to studies from NAPEO, those that outsource HR tasks can often save on a multitude of expenses, including administrative costs (around $450 lower per employee), employee benefits, and more.
Simplify the Hiring Process
Hiring employees for your business can be intimidating. With access to HR professionals and the latest hiring tools, an HRO partner can help you simplify the recruitment and hiring processes, while also improving employee onboarding and new hire trainings.
Are you a small business owner who would like to know more about HR outsourcing? SynchronyHR has helped many growing businesses create new efficiencies, reduce labor costs, minimize risk, increase productivity, and more. Contact us today for more information.