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How to Pick the Right HR Outsourcing Companies for Your Small Business

If you run a small business, chances are you know just how taxing administrative and human resources duties can be. By finding HR outsourcing companies for your small business and allowing them to handle this administrative and HR work, you can take some of these tedious tasks off your plate, which will free up some of your time and allow you to focus on the most critical parts of running your business. There are many things to consider before choosing an HR outsourcing company, so here is how to pick the best HR outsourcing companies for your small business. 

What Services Do You Need? 

Before you choose your HR outsourcing company, you must first decide what services you need. These companies can provide a wide range of services, so knowing what you’re looking for is extremely important to ensure you get exactly the right services for your business needs. This knowledge is also helpful if you’re hoping to bundle services, as many HR outsourcing companies provide more than one aspect of HR services. At Canal HR, we offer a wide range of services, which means you can satisfy all of your needs in one place. Here are some of the most common services provided by HR outsourcing companies.  

Payroll Administration

Payroll is simultaneously one of the most important and most complicated aspects of running a business. There are many steps to ensure that your employees are paid legally, including managing employee paperwork, depositing payroll taxes, and staying up to date with employment laws. At Canal HR, we provide comprehensive payroll reports and even deliver employee checks so that you can focus on your business instead of the payroll. 

Workers’ Compensation

Whether your business is large or small, the law requires you to provide a safe workplace. However, despite even the best efforts, accidents do happen, which is why having workers’ compensation insurance is such an essential part of owning a business. Workers’ compensation typically covers medical expenses, lost wages, ongoing care, and funeral expenses for worst-case scenarios. Unfortunately, the insurance to cover these expenses can be costly and a significant financial burden for small businesses. Luckily, at Canal HR, we can make your workers’ compensation costs more manageable and save you money in the long run. 

Risk Management

Risk management looks to go beyond simply providing workers’ compensation for injuries on the job; it looks to prevent accidents from happening in the first place, which can end up being a somewhat expensive investment, but it has the potential to save you money in the long run by preventing accidents and injuries. Risk management includes identifying, analyzing, and responding to risk factors to avoid future issues. Canal HR works hard to involve small businesses in this process and provide comprehensive risk management services for a fraction of the cost. 

Human Resource Compliance

Without human resource compliance, your business may face fines, penalties, liability issues, and much more. It’s often difficult to keep track of the different rules and regulations involved in HR compliance, which is why outsourcing is so common. Federal, state, and local laws are constantly changing, so it’s essential to have someone working with you to stay up to date on common compliance issues so that your business doesn’t commit any of these blunders. 

What Benefits Does Your Company Provide?

Another major component of finding HR outsourcing companies for your small business is knowing which benefits you will provide to your employees. Employee benefits are significant in keeping workers satisfied. With the help of a great HR outsourcing company, you can be sure that you are not only providing your employees with required benefits but with benefits that they want to receive as well. 

Insurance

Canal HR takes pride in our in-house insurance agency to help you take care of all employee insurance needs. We offer group and individual plans for medical insurance, dental insurance, disability insurance, cancer insurance, and more. By working with our in-house agency, you can ensure you’re getting the best rates possible for you and your employees.

Retirement Plans

Saving for retirement can be stressful, but having employer-sponsored retirement plans can help take some of that stress away. With online access, Canal HR’s 401(k) plans can be monitored by staff members whenever they’d like. In addition, we offer a large variety of investment options, including Roth deductions, as well as just a one-time sign-up fee, so there are no ongoing costs for the operation of your plan. 

Call Canal HR For Your Outsourcing Needs Today

Finding the right HR outsourcing companies for your small business is no easy task. There are many factors to consider before deciding, but luckily Canal HR can be here for you every step of the way. As a PEO, Canal HR offers comprehensive services so that your company never needs to worry about human resources again. Contact us today to learn more about our services.