Jil Abegg orders cheese by the semi-truckload. She is not the director of a restaurant supply company. She is not the owner of a franchise. Jil is a homemaker with eight children, and currently serves as the chairperson for her neighborhood grocery co-op. She only buys the best, but her bulk purchasing power means she pays less than she would at her neighborhood supermarket. When she finds a great deal on sugar or canned meats, or toilet paper, Jil orders enough for twenty different families. They divide it among themselves and everyone enjoys the benefits of superior quality at reduced prices. Jil has discovered for herself the value of “networking” coupled with “purchasing in bulk.”
A Professional Employer Organization's services are something similar to those Jil provides in her neighborhood. PEOs have organized a network of small businesses, and purchase for them in bulk: health insurance plans, workers’ comp. insurance, 401k plans, payroll service, and even human resource consulting. In fact, a PEO handles almost everything “in bulk.”
If you’re like most companies, you’re already outsourcing many of your human resource needs. Consider what services you’re outsourcing now and determine if it wouldn’t save you time, headache, and money to have them all handled under one roof. Save money, improve quality, and use your time for tasks that generate profit for your company. You could learn a few things from Jil.
The Small Business Administration estimates that the average small business owner spends 7-25 percent of his or her time handling employee-related paperwork.
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