When you started your business, you had stars in your eyes. You dreamed of creating your own little empire where you could do things your way – the right way – from start to finish. Your goal was to offer a superior product or service and hire the most talented people to help you accomplish it. In many ways, you’ve already accomplished these goals. Your company has outgrown the garage and moved into a spiffy little NYC office. Instead of being just you and your partner, you’ve added a handful of employees and already feel the need to hire some more. The only problem is you’re feeling pulled in a million different directions. The administrative work that comes along with hiring full time employees is starting to take you away from the work you really love, and now you’re wondering if there’s any way an online HR firm can help your NYC Company continue to grow without getting bogged down?
The good news is, you’re in the right place. The Medical Link can help you select the right PEO to balance the responsibilities of running a business while also navigating the often complex world of HR compliance. Still not sure whether it’s time to take the plunge and sign up for online HR services?
Keep reading for some of the many reasons companies partner with The Medical Link to find the right solution.
1. You’ve Grown Beyond a Dozen Employees
As we mentioned previously, the most common reason companies seek out the services of a PEO is that they’ve reached a growth threshold. The industry accepted rule of thumb is that a company should consider a PEO when the task of handling administrative processes in-house starts to have a negative effect on productivity. This typically happens when a company reaches 10 to 15 full-time employees.
2. You Want To Reduce Operating Costs
Doing things on paper is expensive. Doing things digitally saves money. These are just facts in today’s online world. Small to mid-sized businesses live and die by their ability to keep operating costs under control while they grow. Although it might seem like an extra expense in the short-term, taking your HR online via PEO eliminates the cost of conducting these duties in-house.
3. You’re In Need Of Temporary Workers
Maybe you love your current team of full-time workers, but you’ve identified tasks that could benefit from temporary workers. Figuring out who, when, and how to hire these individuals is probably a task you’d like to keep off your already full plate. A PEO already has processes in place that allow them to provide and manage temporary staffers with ease.
4. You Want To Offer Attractive Benefits
This, more than anything else, is the desire that brings small to mid-sized businesses to The Medical Link. The most talented employees in any industry expect to be offered some kind of health insurance and retirement savings benefits. If you’re not offering these benefits, or the benefits you do offer pale in comparison to your competition, you’re not likely to end up with the most talented people for the job. Working with an online HR company in NYC gives you the ability to leverage the power of much larger companies when it comes to offering an attractive benefits package.
Still have questions about whether or not it’s the right time to give online HR management a try? Contact The Medical Link for more information today.
