Everybody is talking about outsourcing, off-shoring, yada yada yada! What does all this really mean? The easiest way to put it......if you don't know a specific function that is key to your businesses success, and not one of your core competencies, LET SOMEONE ELSE DO IT! Why waste you valuable time trying to figure out which 401(k) plan is right for your employees when there are people that spend their entire career researching retirement plans. Do you know the difference between Section 125, 129 and 132 of the Internal Revenue Code? Do you really care? How about all those employment laws that you know are out there but no one has sued you yet so you just ignore them?? All these issues can create (or avoid) legal problems as well as help you attract and retain the best employees. So how do you get your company offering the best benefits and complying with every letter of the law.....OUTSOURCE IT!
Professional Employer Organizations (PEO) offer small to medium sized employers the ability to compete for the best talent by providing them with a menu of benefits typically offered by larger organizations. 401(k) plans, flexible spending programs, health, dental and life insurance are just a few that become available when you sign up with a PEO. Don't forget about your companies compliance with all those non-business friendly employment laws. One over-sight can land you in court paying hefty fines and legal bills. Synergy puts one of their HR professionals on-site to help business owners create and communicate all the necessary policies to keep you in compliance.
We all got into business for a specific reason. I believe focusing on that reason will make any business successful. Do what you do best and Outsource The Rest!
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