For many small to medium-sized businesses, hiring and retention continue to be top of mind in 2023. Recent years brought unprecedented change, like the shift to remote work, an explosive season of hiring and layoffs, and increased dependence on competitive benefits packages to retain your top employees. No matter the unique needs of your business, HR services will be a critical component in the fight to meet your 2023 hiring and retention goals.
For small and medium-sized businesses, HR can be a tricky pain point. Perhaps your team feels stretched thin when handling HR entirely in-house. Maybe you struggle to stay on top of labor market trends and remain competitive in the hiring process and with your benefits package, a key factor in employee retention. If these troubles feel familiar, let 2023 be the year you outsource your HR services to a PEO provider specialized in small business support.
Here are three top reasons why outsourcing aspects of your HR function will help boost your 2023 hiring and retention and help your business grow efficiently and with less stress.
Tailored for Every Business
In 2023, the job market is predicted to be a “mixed bag” — some industries like tech will continue making headlines for frequent layoffs while other industries are urgent to hire. Each company faces unique challenges. By outsourcing to a PEO provider instead of HR software or large HR companies that lack small-business experience, each company will receive unique tailored solutions, too.
HR software can be a valuable tool, but it needs to be wielded by an industry expert. PEOs use a variety of technology to serve the needs of your business. When you outsource to HR companies instead of investing in technology alone, there’s a knowledgeable human behind your company’s HR who ensures you can pivot strategies with ease and that your efforts are customized to your unique needs.
If you want personalized aid that can advance the goals of your business using proven successful strategies, outsource to a PEO with broad experience in a range of industries. This diverse background equips your HR provider with a toolbox of tried-and-true methods to address the needs of your industry and the specific goals of your company. Outsourcing to a skilled HR provider eliminates the guesswork, helping you see significant growth in your goals even faster.
Do More with Less
In small to medium-sized companies, the individuals running HR may wear many hats. Perhaps it’s the CEO stepping in to spearhead the hiring process amidst an already overloaded month. The busy manager taking on the role of an employee benefits advisor, feeling stretched thin as they shift their focus from their main role. Many businesses this size lack a designated HR person who can fully dedicate their efforts to HR alone, and without one, every employee may suffer.
Businesses that want the support of an HR specialist have three options: hire an expert, train existing employees, or outsource. Small businesses may lack the resources or desire to hire a new employee specialized in HR alone. The training process to learn the ins and outs of HR can be time-consuming and pull current staff away from their central roles.
Outsourcing your HR to a skilled and trusted PEO ensures your company receives immediate top-notch HR aid from experts in the industry. This elevates your HR offerings without requiring extra effort from your staff. Reducing your employees’ workloads and ensuring they can focus on the specific tasks in their realm can help make your employees happier, more productive, and more excited to stay at your company instead of seeking alternative employment.
Hire Fast, Hires that Last
When you have a position that you need to fill fast so your company can operate at peak performance, rushing through the hiring process without the help of HR experts may cause new hires that aren’t the best fit for your business. PEO services streamline and speed up the hiring process without sacrificing the quality of your new hires. PEO providers use a variety of tools and techniques to recruit and hire individuals that truly meet your team’s needs and are excited to become and stay a valuable employee of your company.
In 2023, employee retention will be a top priority for many businesses. Business leaders who rarely dive deep into the intricacies of the labor market may struggle to understand what factors and benefits can make an employee stay. Feel confident that your practices and benefits are competitive by outsourcing HR to specialists who stay up to date on current retention trends.
Some HR providers even provide benefits consulting services, where a team of savvy benefits specialists review your benefits package, help you expand and better tailor it to your needs, and then fully handle the administration and enrollment process. This allows you to offer highly competitive benefits that boost retention without sacrificing more of your time researching and managing your offerings.
Boost Your 2023 Hiring and Retention Goals with Cognos HR
Cognos HR is a Chicago-based human capital consulting organization providing small and medium-sized businesses across the nation with expert HR aid. We understand the struggles small businesses can encounter when trying to develop a strong, skilled HR team in-house. Our skilled HR specialists deliver high-quality aid and stay hands-on so you don’t have to.
We take a personalized approach with every client and explore your business and your unique HR goals thoroughly, then we support you through every HR need you encounter, from hiring help to benefits consulting to professional development and coaching.
The dedicated, immediate aid that we provide is unparalleled. Don’t turn to large-scale HR companies that don’t understand the intricacies of small to medium-sized businesses and their needs, and don’t let software take the critical human touch out of your human resources. Contact us today to learn more about how we can help your business sustainably grow in 2023.