Dip Your Toe Into HRO
Updated: Feb 16
Make a splash this summer by partnering your business with a human resources outsourcing (HRO) organization. HROs, like SynchronyHR, provide services related to HR, payroll, risk management, benefits administration, and more.
Here are a few ways these services can enhance your business:
Per data from studies conducted by the National Association of Professional Employer Organizations (NAPEO), HRO clients experience an average 27.2% annual ROI with considerable cost savings on HR-related areas, such as HR personnel, health benefits, workers’ compensation, and payroll services.
SynchronyHR in particular has helped save clients thousands of dollars a year in medical and workers' compensation premiums, administrative fees, and more.
Improve Employee Retention
In a competitive marketplace, retaining your best talent is critical to your success. HR outsourcing can provide you and/or your management team with experts who can help improve employee retention through enhanced trainings, employee growth and development, and more.
They can also provide access to top employee benefit and retirement offerings, which help reward and take care of your employees.
Strengthen Your Internal Work Environment
Per further NAPEO research, business owners that partner with an HRO have been able to create a more engaging work environment and offer better benefits, reducing the average employee turnover by over 19.3%.
Don’t let the summer heat, and administrative troubles, bring your business down this summer. Contact SynchronyHR to learn more about HRO.