$50 Billion Dollar Industry Helps Small Businesses Save Money

Professional Employer Organizations (PEO) are changing the way businesses handle human resources, compliance and employee relations. It is no longer necessary to have multiple staff personnel to handle payroll, tax compliance and the hiring processes. PEOs, which act as an outsourced-human resource department manage these various facets of employee relations.

Trends indicate an increase in outsourcing of human resources and other non-site related tasks and fewer in-house employees. This saves businesses time, money and overhead for office supplies, space and employee related costs.

During the 1990s, the Harvard Business Review recognized the human resource management field as the quickest growing business fields. Today, PEOs are one of the most significant and areas in outsourcing, boasting of annual industry revenues at approximately $50 billion and growing 20% year-over-year. Business owners alike are looking to PEOs to lead the way through complex tax compliance, payroll and employee relations issues.

?PEOs are a one stop shop for all of the business owners? states Andy Juster, Vice President of Payroll HR Benefits. ?PEOs provide business owners the best of the best: low overhead, superior human resource packages, and professional consultation on all employee relations issues such as compliance errors, harassment cases, wage and hour issues and hiring.?

As much as businesses need PEOs, PEOs need businesses. Although they might be able to work separately, PEOs and businesses function best when working together.

For more information on Professional Employer Organizations, visit http://www.payrollhrbenefits.com.

Source: http://www.briefingwire.com/pr/50-billion-dollar-industry-helps-small-businesses-save-money

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