The Busy Business Owner’s Guide to HR.

March 15, 2024

Why do business owners work with an HR Outsourcing PEO? 

Being a business owner comes with its thrilling moments: starting a new company, launching an innovative product, or expanding into uncharted markets. The perks of owning your own business are numerous, too, including being your own boss, serving your customers, owning the schedule, and providing jobs for your community, not to mention the financial rewards. But there are tasks that most business owners don’t look forward to — administrative ones that accompany being in business and having employees.

Is this you? 

  • Between running your business and satisfying your customers, you work overtime just to get your admin work done.
  • You are a big-picture thinker, and the tediousness and attention to boring details like compliance makes your skin want to crawl.
  • You’ve spread out your human resources tasks and are unsure who’s responsible for keeping it cohesive.
  • When someone mentions “HR,” you feel uncomfortable and way out of your league.
  • You realize you don’t know what you don’t know, but surely someone has to know how to handle HR better than you do.
  • You wonder if there really can be a method to HR madness.

Are you thinking there’s got to be a better way?

Fortunately, there is! Outsourcing your human resources management is an optimal option for business owners looking to offload the tedious and time-consuming tasks of ensuring HR compliance or managing payroll and benefits. 

This introductory article is the first in our series PEO 101: The Busy Business Owner’s Guide to Human Resources Outsourcing, and provides an understanding of how partnering with Syndeo as your professional employment organization (PEO) can benefit your business and covers the over-arching picture of human resources outsourcing and our capabilities, reasons why outsourcing HR might be in your best interest, how Syndeo works, and what kinds of companies can benefit from working with a PEO. In upcoming articles, we will delve into more specific details regarding HR functions that Syndeo can assist you with.

What is HR Outsourcing?

HR outsourcing is the ability to delegate the administration of your human resource functions to a service provider. For a premier partner like Syndeo, these functions include developing a comprehensive HR strategy, processing payroll and benefits, and implementing safety training to maintain compliance standards. Essentially, a PEO is a fast and efficient way to complete the non-income-generating tasks required to run a business. 

Why outsource your HR functions? 

When it comes down to it, everyone provides outsourcing services of one type or another, whether it’s handling your landscaping, growing food for grocery shelves, or providing medical or banking services. The economy is rooted in specialization across industries to maximize productivity, effectively and efficiently. Syndeo focuses on the people-function for businesses, specializing in human resource management and compliance, benefits and benefits administration, workers’ compensation insurance, safety and risk management, and payroll administration.

If you identified with any of the bullet points above, then the benefits of a partner like Syndeo probably are clear. We start by giving you back the time you would have to devote to these mundane tasks. We can tackle these lackluster tasks with greater efficiency and accuracy, leaving you time to focus on your business goals and growth. You minimize risk for your company through a PEO, as we assume responsibilities and liabilities related to HR functions. 

Moreover, drawing on our two decades of experience, we can help you craft a complete HR strategy that will make your business more competitive in recruiting, retaining, and cultivating a high-caliber team. Hiring the right people for the right positions enables your business to maximize its potential and its bottom line. 

How does Syndeo work?

Before we go on, let’s clear up a few general myths about PEOs. First, when you join a PEO, your company remains the primary employer for your workforce. That means you have control over your employees and the final authority over hiring and terminating decisions, benefit plan offerings, and payroll arrangements. Syndeo becomes the administrative arm of your organization through the co-employment contract. Depending on your business needs, we file the appropriate tax documentation and manage state unemployment taxes based on the rate where your business is located. Your company may also be eligible to participate in Syndeo’s negotiated benefits and worker’s compensation plans, offering smaller businesses the opportunity to get better coverages at a lower price.

Partnering with Syndeo is simple:

Step 1:  HR self-assessment. 

These questions are designed to get you thinking about your HR strategy, priorities, and challenges you may be facing. They also give us insight into your company’s unique needs so we can provide high-touch, tailored solutions.

Step 2: Discovery meeting.

This meeting will help us create a dialogue among key contributors within your organization about various aspects of your HR needs. It ensures that we can narrow our focus to issues that are most important to you.

Step: 3: Get customized solutions.

In addition to reviewing our company and services, we present our top recommendations for services that we tailor to meet your exact needs. Prioritized based on your desired outcomes, our solutions present critical answers to areas in which your company has identified help was needed.

Our reputation is built on trust.

Our job is to make the lives of our clients easier by taking care of their administrative HR functions. We want to save you time, energy, and resources, all while preventing mistakes and costly errors. 

We’ve taken extra steps to ensure our accountability by becoming both ESAC and CPEO-certified. The Employer Services Assurance Corporation (ESAC) accreditation confirms a PEO’s reliability in its financial stability, ethical business conduct, and regulatory compliance. Becoming and remaining certified as a CPEO assures our clients that Syndeo has met the background, experience, business location, financial reporting, tax compliance, and bonding requirements described in the regulations of the IRS’s CPEO program. Together, both certifications testify to our high standard of service and company stability, boosting your confidence that you have found a reliable partner. 

Finding the better way.

By outsourcing your human resources management to Syndeo, you can reclaim valuable time, enhance efficiency, and reduce the burden of mundane tasks. If you’re feeling spread thin running your business or that there are not enough hours to both lead from the front and manage the backend, consider delegating some of the load to a team you can trust. (Especially if it’s the part you loathe!) We are here to help you streamline your HR management, so your company can rise to the top, creating even more thrilling opportunities for growth and expansion. 

Contact Syndeo today to see how we can help you navigate your human resources management with efficiency and effectiveness.

What has been your biggest challenge as a business owner?

Don’t forget to like, share, and subscribe to our newsletter for more thought-provoking HR content from Syndeo. To learn more about how outsourced HR services can get you back to business, contact Syndeo today!

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Let us take on your HR functions so you can strive for greatness.
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