Companies, like people, are very different. They need different things at different times, and there’s seldom a one-size-fits-all solution. While it may seem contradictory at first, the smaller your company is, the more support they may need. Reason being, larger corporations typically have in-house human resource departments they can depend on. They already employ skilled HR professionals who know the laws, understand employee engagement, and have processes in place to address disputes or matters of concerns. Smaller companies may not have the resources to have this in-house.
Does Your Company Really Need HR Support?
Every company, no matter how small, needs to have some sort of HR function. If you’re operating a small or medium-sized business, your budget may not afford you the benefit of having an onsite expert available at all times. This is one of the many reasons outsourcing has become so popular in the human resources industry in recent years. There are plenty of businesses that are great at what they do, but when it comes to managing their people, they sometimes fall short.
HR isn’t just about making sure your employees get paid, but about managing your employees effectively so that they can be productive and engaged.. Important are also the compliance issues you must adhere to as a business owner. With compliance laws and regulations constantly changing, it can be difficult to maintain compliance if you’re focused on the regular day-to-day operations of your company. Even minor slip-ups can cost your company huge penalties that can ultimately end with devastating results. This is why HR experts are so imperative.
Why Does Size Matter?
The larger your organization, the more employees you’ll have to support. This is often why in-house HR teams are better for corporate establishments. Small businesses usually fall on the cusp of certain compliance requirements, making it difficult for a leader who’s inexperienced in HR to navigate the laws. For example, if your company has at least 50 employees, you’re bound by FMLA regulations. If your company has at least 20 employees, you must abide by the rules set forth in the Age Discrimination in Employment Act. Depending on your state, there may be additional laws that apply beyond federal laws.
If you have fewer than 100 employees, outsourcing is a great route to consider. You can still have top-of-the-line support without adding an extra person to your payroll and benefits calculations. For a nominal monthly fee, you can be sure you’re in compliance and your employees have the support they need.
Outsourced HR professionals can help you:
- Ensure your payroll and benefits are competitive and cost effective;
- Implement HR programs that take your people to the next level;
- Expertly combat HR questions as they arise.
Not sure which level of HR support you need for your company? Have no fears! Our team at Insight Performance is dedicated to making your work days a little easier with our services. If you’re operating a small to medium-sized business and feeling overwhelmed by your HR-related responsibilities, you need to check out HR.Solved.SM for customized service right away! Contact us to learn more.