subject: Benefits Administration - Make Your Job Easier [print this page] Benefits Administration - Make Your Job Easier
Outsourcing benefits administration will make your job easier in more ways than one. It cuts costs, increases performance and improves overall efficiency. Benefits attract talented and well qualified people to your organization, keep them motivated and extract the best performance from them.
Benefits Administration Made Easy
The more attractive and extensive the benefits, the greater influence the company have in the job market. But small and medium-sized businesses cannot afford attractive benefits. Managing these benefits is also time consuming and requires experts, particularly with legal compliance in the mix. Managing HR is resource consuming to say the least, and employee benefits are one of the most extensive of HR responsibilities. All these issues can be sorted out though, by outsourcing benefits administration to a PEO.
How a PEO Helps
The PEO or Professional Employer Organization is made up of experts in various fields of HR management and works in a flexible manner. Fortune 500 concerns as well as small and medium-sized organizations can benefit from a PEO's services. Thanks to its connection with leading providers, the PEO can help its client company provide comprehensive benefits without it having to bear a huge financial burden.
A reasonably good benefits package offered by a PEO includes features such as:
Life insurance
Work/life program
Personal accident insurance
Long term and short term disability
Supplemental cancer, accident and hospital plans
Individual coverage
Prescription drug plans
Flexible spending account plan
Credit union
Adoption assistance
Educational assistance
Retirement services
With the right PEO taking care of your benefits administration, your job is made much easier. You can focus on your core responsibilities, streamline your resources and attain greater efficiency profitably.
