The onboarding process is critical not only for getting the administrative tasks done correctly, but also for helping the new employee adjust in order to minimize problems with employee turnover.
Boca Raton, Florida (PRWEB) January 07, 2015
Businesses that plan to hire in 2015 (and Kiplinger says this trend is expected) must look beyond finding employees toward bringing them on board in a way that minimizes problems and makes new hires productive as soon as possible. Companies throughout the United States must onboard new hires while remaining compliant with all applicable employment, equal opportunity, tax, and labor laws. Running afoul of any employment regulation during the onboarding process can cause expensive consequences. As a result, many businesses turn to professional employer organizations (PEOs) for help.
Bringing a new person onboard involves two important components: the process must accomplish the necessary administrative tasks, and it must orient the new employee to the workforce. Both processes are essential to bringing a new hire up to productivity expediently while remaining in compliance with applicable laws. Making a mistake with, for example, wage calculation or tax withholding, causes problems for both the new employee and the business. A PEO can completely take care of the administrative side of onboarding, and is particularly useful to companies that bring on batches of new employees at once.
HR functions are both broad and deep and require specialized knowledge of payroll procedures, tax codes, employment laws, collective bargaining agreements, and benefits administration. Outsourcing one or multiple HR tasks to a PEO is cost effective for many businesses and removes much of the pressure involved in bringing new employees on board. Jeff Hecht, President of SourceOne Partners says, "The onboarding process is critical not only for getting the administrative tasks done correctly, but also for helping the new employee adjust in order to minimize problems with employee turnover."
When a business signs on to a partnership with a PEO, they can be assured critical HR functions for onboarding are handled expediently and properly, so managers and in-house HR can focus on orienting the new employee and enjoying the benefits of an enhanced personnel pool. "The cost to hire a new employee can be one to three times the base salary cost,” says Hecht. “Proper onboarding procedures can be considered a way to help protect this important investment, and that's what PEOs do."
SourceOne Partners offers customized solutions to individual companies that are interested in working with PEOs and want guidance in selecting the right one. SourceOne Partners presents complete, accurate proposals to PEO brokers, helping companies identify the right PEO partner for their needs by providing cost-benefit analyses and offering the expertise that comes from over 50 years combined experience in the PEO sector.
About SourceOne Partners
SourceOne Partners is a leading provider of PEO and payroll services in South Florida, New Jersey, New York, and Pennsylvania. The services SourceOne Partners provides help companies reduce HR costs, minimize employer risk and liability, and relieve the administrative burdens of HR and payroll.
SourceOne Partners
Florida Location
2255 Glades Road
Suite 324
Boca Raton, FL 33431
T: 561.674.0748
F: 561.381.9143
New Jersey Location
990 Cedarbridge Ave #7
Brick, NJ 08723
T: 561-381-9306