Why do small and mid-sized businesses need HR support?
HR professionals are responsible for so many areas of business management, many of which carry a certain level of risk. Most small business owners don’t have time to stay current with employment, reporting, and payroll tax laws. This is where an HR professional can add tremendous value and compliance expertise to help your business remain compliant.
In addition, HR typically administers payroll, health insurance, and other benefits like retirement plans that a business owner isn’t necessarily equipped to oversee. Competitive benefits can help you attract and retain the best talent. Outsourcing human resources gives you a competitive advantage, mitigates risk, and allows you to focus on revenue-generating activities. Some businesses choose to have one or more HR staff plus an outside HR outsourcing or PEO partner, while others forgo the overhead of HR and rely on an outsourced partner.