HR Support Has Lots of Letters, RPO, PEO, etc.
Get clear on what your business needs for HR Management.
Small to medium size businesses all struggle with Human Resource Management. It simply isn’t the top priority for most companies. But with service and technology firms, salary is the single largest expense, it should become every companies’ smartest investment.
Many companies are looking at ways to improve their HR management but are unsure about what they need and get extremely confused by the variety of offerings in the marketplace and even the Acronyms like RPO and PEO. Let’s see if we can simplify it.
HR Management includes all employee oversight, starting with defining the job description through recruiting, hiring and managing payroll, employee tax, health and benefits, and unemployment/worker’s comp. There are several types of companies that offer services to meet all the needs. Here is a simple chart we’ve created to show you how different agencies fit within the HR Management offering.
The Recruitment Process Outsourcing Association (RPOA) defines RPO as “a form of business process outsourcing where an employer transfers all or part of its recruitment processes to an external provider. Recruitment Process Outsourcing providers can manage the entire recruiting/hiring process, or can manage one or two aspects of the process, essentially serving as an extension of the company’s human resources department”. This definition illustrates that RPO services are not outsourcing in the traditional sense, as working with an RPO provider is much more consultative and customizable than normal recruiting.
According to the NAPEO; Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients focus on their core competencies to maintain and grow their bottom line. Often PEOs limit the type of company that they will accept to limit their potential risk.
Many companies need both an RPO and a PEO as well as a company that will reduce the risk and enormous cost of hiring an HR management team to oversee the program. But at Nexus Catalyx, we created a full end to end workforce solution for clients. Our 10 year expertise in recruiting and staffing and our focus on providing employees and clients the best offering to reduce risk for our clients. We recruit, hire and manage our client’s employees as our own to minimize our client’s risk and overhead costs.
Workforce leasing at Nexus Catalyx is simple. We work with clients to recruit and hire the best employees to help build their business. We hire the employees as Nexus Catalyx Employees who work for our clients. This allows our clients to offer competitive packages, full health coverage and other benefits and only sign one contract.
We know you have questions. Let’s talk more.