employee benefits administration outsourcing
DESCRIPTION
Employee benefits administration outsourcing is one of the HR outsourcing solutions offered by a PEO that takes care of administering benefits to the staff of its client company.TRANSCRIPT
Employee Benefits Administration Outsourcing
Employee benefits
administration outsourcing
is one of the HR
outsourcing solutions
offered by a PEO that takes
care of administering
benefits to the staff of its
client company.
Importance of Employee Benefits
Benefits are one of the major factors that attract qualified and
experienced professionals to an organization. They also motivate
existing staff and are a major factor causing satisfaction to employees
and increasing the chances of skilled employees staying in the
organization. But offering benefits is also expensive for small
organizations and a diversion of resources for large corporations. That’s
where PEOs providing employee benefits administration outsourcing
could help.
A PEO’s services, flexible according to the structure, needs and size of
the client company, include a whole range of human resource
management solutions which the client company can outsource. Offering
a competitive (in terms of comprehensiveness for employees and cost-
effectiveness for employers) benefits package is one of the most
prominent HR outsourcing solutions offered by a PEO.
Comprehensive Employee Benefits Managed by
PEOs
The list of comprehensive employee benefits provided by a PEO cover
the areas of employee health benefits and insurance plans (PPOs,
HSAs), IRA solutions (Individual Retirement Accounts), retirement
planning, dental and vision care, long term and short term disability
insurance, cancer, accident, hospital and other supplemental plans,
education saving plans, adoption assistance, cafeteria plan, flexible
spending accounts, individual coverage, employee voluntary benefits
programs, and prescription drug plans.
With comprehensive benefits administered in a cost-effective manner
and offering your organization a greater influence in the job market and
a greater chance of staff retention, employee benefits
administration outsourcing is the right way ahead for companies that
value their staff.
Kruse PEO4608 S. Garnett, Suite 400Tulsa, OK 74146 Toll Free: (800) 258-1036http://www.peoservicescompany.com