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How Working With An Employee Administration Service Can Help You Give More To Your Business

Recruiting and retaining employees, providing them with the best in benefits, dealing with compliance, and keeping up with constantly changing regulations is tough for a growing business. Offering cost-effective, high quality benefits while handling all the administration work can cost you valuable time and money if you try to handle it all yourself.

Some business owners convince themselves that it would be less expensive to handle their own employee and benefits administration, but the reality is that working with a third-party administrator can save you time, money, and stress.

Here's why every growing business should work with an outside employee administrator:

 

Less Hassle

There’s a lot of work that goes into managing payroll, HR, risk and benefits administration. While some larger companies have the resources to handle it all themselves, it can be time-consuming for growing businesses. Working with a third-party Human Capital and Resource organization allows you to pass on all the employee administrative headaches to someone else who can get the job done faster and more efficiently, allowing you to focus your time and energy where it’s needed most.

 

Controlled Costs

Working with someone who knows the ins and outs of employee administration work can help you reduce spending. For example, our firm specializes in building benefits packages that give more to you and your employees, but at a lower price. We can help you save money on your benefits in multiple areas, including:

  • TPA Structured Health Plans with top national networks
  • Co-Share “Gap” insurance
  • Patient Advocacy Support
  • Flex Tax Structures
  • Telehealth 24/7 Certified Physician services
  • No cost to employer 401(k) retirement plans for employees

Once your personalized cost containment benefits have been selected, it’s time to communicate these options to your employees, handle all the government compliance and reporting procedures, and manage the invoices and reconciling. Trained and qualified experts like ours can do all the work for you while keeping costs contained year after year.

 

Reduced Stress

The technicalities of managing your business and staying focused on revenue-generating activities can be daunting, and making mistakes in areas like maintaining safety guidelines or filing proper paperwork can result not only in lost time, but also legal issues and fines. If you’re running a business, you already have enough to worry about, and adding the burdens of employee administration is simply unnecessary. Working with a trusted third-party HR, payroll, workers comp and benefits administrator lets you take at least one major concern off your mind.

The way you choose to handle those critical administrative functions can provide your business with a major strategic advantage. Working with a firm like ours allows you to focus your time and attention on your company rather than the technical, tedious aspects of your business. Plus, the money you save through outsourcing can be put to use elsewhere in your business.

 

Contact us today to see how we can help you make the most out of your employee administration.

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