Are you getting the most out of your PEO partnership?
Chances are that you are not. Outsourcing key HR functions such as the tasks and responsibilities related to benefits, payroll, workers’ compensation, recruiting, safety and risk management, training and development, and more can give you and your business more time to focus on revenue-driving activities. But only if your partnership is operating effectively. If you feel like your partnership isn’t running as smoothly as possible, it is time to make some changes.
4 Tips for Getting More From Your PEO Parntership
Pick and Choose The Right Tasks
Make sure that your PEO is helping you in the areas that your business needs help the most. Evaluate what you are doing in house compared to what you are having your PEO manage. Your team may need help managing one area more than others. When evaluating focus on where your current strengths and weaknesses are. This will help you prioritize what to outsource. Additionally, you should evaluate this frequently as your needs may change over time. You may also find that you need to give the PEO more responsibilities than you originally did as your company continues to grow.
Stay In Your PEO Partnership For The Long Run
The most effective PEO partnerships are formed through long-term relationships built on trust and communication. The key is to see your PEO as a good extension of your company that takes on responsibilities so that you can better focus on the core areas of your business. This requires trust. If you do not feel a good connection to your PEO, especially after working with them for a long time, it might be a sign you need to find a new partner and grow a better relationship with them.
It is also important to focus on the long run in terms of goals within your partnership. Managing expectations and viewing goals as long-term investments will help you to have the most effective relationship with your PEO partner. M
Communication is Key
Communication between you and your PEO should be easy. This works on both ends. Make sure both your team and the PEO you are partnered with can communicate effectively and efficiently. This means you both should share all information openly and have periodic meetings together when needed. If your PEO is often not available or hard to get ahold of, it might be a sign to make a change.
If It Doesn’t Fit Make a Change
If your PEO Partnership isn’t currently meeting your needs, it might be time to consider a change. As companies grow and priorities change what might have worked in the past, may not be a good fit for the future. You need to prioritize what is best for your business. It can be hard to leave a partnership especially if you have been in it for a while but sometimes it is necessary. You need a PEO that meets and can adapt to your growing and changing needs.
Looking For A PEO Partner That Prioritizes Your Needs?
Key HR can offer innovative ways for you to meet all your talent acquisition and management needs – so you can stay laser-focused on running and growing your business. Read our related posts or contact us today to learn more.
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- On September 22, 2021
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