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Unemployment claims resolution Employment practices liability insurance Hazard and safety review/training EEOC services Employee relations 4. Robust talent management. Leaders who have adopted a philosophy that people are their greatest asset recognize the need to have a robust talent management program. As companies face a talent crisis, now is the time to implement or enhance talent management programs, which can be accomplished through a PEO. Valuable program components that most PEOs offer are: Company culture development Recruiting and outplacement support Compensation services Performance management support Training and development tools/resources Advanced HR technology When companies enlist the services of a PEO, they are gaining a trusted advisor to help them focus on their core competencies by offering administrative relief; attract and retain top talent with better benefits and talent management programs; and boost the bottom line with reduced liabilities. Pete Hinojosa is director of thought leadership with Insperity, a leading provider of human resources offering the most comprehensive suite of scalable HR solutions available in the marketplace. For more information about Insperity, call 800.465.3800 or visit insperity.com.
PETE HINOJOSA, from page 13
Employment eligibility verification Paperless new-hire onboarding
End-to-end benefit plan management/administration 2. Better benefits. While companies look for ways to attract and retain top talent, especially in a job seeker’s market, one key method is to offer comprehensive employee benefits packages. PEOs can be the differentiating factor by providing companies with access to Fortune 500-level benefits that appeal to the workforce. Benefits that most PEOs offer include: Medical, dental, vision, and prescription drug coverage Flexible spending accounts
Health savings accounts Basic term life insurance Basic disability insurance Employee assistance programs 401(k) retirement plans
3. Reduced liabilities. With the number of employment laws and regulations increasing exponentially, it can be difficult for business leaders to stay up to date. PEOs offer peace of mind by helping companies remain in compliance to reduce employer-related liabilities and avoid costly fines that can impact the bottom line. Some areas that PEOs help with include: Local ordinances, and state/federal employment laws Workers’ compensation coverage
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THE ZWEIG LETTER AUGUST 1, 2022, ISSUE 1451
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