HR teams worldwide are focusing on improving employee experience and productivity. It involves implementing various complex tactics, data analytics, and technologies. Doing this with limited time and financial resources can be complicated. While the HR department is busy with payroll processing and benefits administration, they have little time left for complex HR strategies.
That's where a professional employer organization (PEO) comes in. They can make a significant impact on employee experience and efficiency not just by taking over manual HR tasks but also by sharing their expertise and technology. PEOs can remove critical time burdens from your company and ensure compliance by taking on the administrative risks associated with payroll and other benefits administrations.
In this post, we'll discuss how they can empower employees to have better experiences by handling these crucial, but mundane tasks.
How PEOs Improve Employee Experiences and Business Efficiency
Professional employer organizations have multiple resources at their disposal. From a team of experienced HR specialists to access to top-tier benefits, these outsourcing partners can streamline your HR strategy. Here are some critical ways they achieve this:
Develop Personalized Workspaces
Professional employer organizations can offer actionable advice on developing personalized workspaces for your employees. It doesn't just involve creating physical spaces with comfortable seating and optimized lighting. PEOs provide technology that improves the digital environment for each employee, making it easier for them to set up their work habits so it feels natural to them, and can handle tasks how they see fit.
Arrange Flexible Scheduling
Today, 94% of employees want to have flexible work schedules. Meanwhile, many employers have trouble accommodating this demand due to the lack of organization. A PEO can provide the necessary technology to help companies manage schedules and accommodate your talented workers.
Doing so will improve employee experience and boost morale while positively impacting productivity and engagement by showing your trust in your team. According to a recent survey, employees with schedule flexibility report a 39% higher productivity rate than those without it.
Standardize Recruitment and Onboarding
Poor recruitment and onboarding practices are behind high turnover rates and low productivity. Many companies can't streamline these tactics because of the lack of time, technology, and experience to overhaul these systems.
Professional employer organizations can help you standardize full-cycle recruitment and improve the onboarding process. This outsourcing partner has the resources to analyze and optimize your recruitment activities according to the latest best practices and implement many standard procedures. The time they give back to your HR team can go towards creating an efficient framework for attracting and onboarding new employees, such as designing new employee orientation, creating an employee handbook, and speeding up benefits enrollment.
Initiate a Health and Wellness Program
Companies implementing successful wellness programs can see a decrease in their healthcare costs and sick days. However, many companies avoid these programs because setting them up can be time-consuming and costly.
A PEO can simplify the process by taking over all the related tasks. Besides helping you choose the best program for your team, these experts can handle all the relevant management. They can help you free up the necessary funds for a robust wellness program by providing access to higher-tier benefits via economies of scale.
Continuous Learning Opportunities
According to the Association for Talent Development (ATD), companies that offer comprehensive training programs can increase their profits by 24%. Meanwhile, 74% of employees say the lack of training keeps them from reaching their full potential. However, only a small percentage of businesses allocate time and budget for employee training.
A professional employer organization can provide employees access to online courses and training to speed up onboarding and improve productivity. Standardized training will also increase employee satisfaction and prevent rapid churn by giving them tasks early and showing your excitement and preparedness for them to join your team.
Streamlining Communication
Professional employer organizations can help streamline your communication with employees by implementing the necessary HR technologies. Instead of communicating over messaging apps or emails, you can handle HR matters through employee portals.
For example, by using the HR tech provided by a PEO, an employee can request time off or update their benefits with just a few clicks instead of significant back and forth with multiple people.
Remove Mundane Tasks
Your HR team spends long hours on administrative tasks involving manual data entry and processing, which keeps it from focusing on higher-level HR activities and decision-making. A PEO takes over such tasks as payroll calculations, compliance monitoring, and benefits administration.
By outsourcing these activities, your HR team can gain time to work on implementing workplace initiatives that engage employees and boost productivity. You can also be more assured that these processes are handled quickly, efficiently, and in regulatory compliance, knowing that you have a team of experts behind you. They will always be on call, so they can be on call to help regardless of when an issue arises.
Data-Driven Decisions
HR data gathering and analytics require a significant amount of time. Without the right technology, gaining valuable insights into streamlining your HR strategy can be nearly impossible. PEOs can share their analytics tools to help you process large volumes of HR data and use it to make informed decisions. This can boost productivity, improve engagement, and enhance business outcomes. They can also help you gain insight and communicate with your existing clients to get insight into what you do well and learn how to improve your service offerings.
Optimizing Your HR Tactics with a PEO
The increasing complexity of comprehensive HR makes it challenging for many companies to keep up – which can directly affect employee productivity. By partnering with a PEO, you can learn how to improve employee experience, optimize your HR strategy, delegate administrative tasks to the experts, and much more.
PEO collaboration can help you grow your company, attract top talent, boost efficiency, and improve your company's bottom line. PRemployer has 25 years of experience helping clients and empowering experiences with their HR support.
Reach out today to learn more about how they can help you take control of your HR needs.
