If your human resources (HR) management is getting on top of you, it might be beneficial to turn to a professional employment organisation. Also known as an employer of record (EOR), a PEO provides payroll services as well as other HR functions, helping you focus on the day to day management of your business and giving you peace of mind. Some businesses may have their reservation when it comes to outsourcing their payroll, but luckily, we’re here to help.
Here at Payroll Worldwide, we provide effective employer of record services in Latin America, helping businesses develop secure payroll solutions and benefits administration. Whether you’re a small business looking to expand, or a more established business wanting to generate more efficient strategies, read our article below to see why turning to a PEO is the best choice for you.
What is a PEO?
A common misconception surrounding PEO’s is that they will take over important aspects of your business, which simply isn’t the case. They assist your business, making professional, effective decisions on behalf of the human resources department of your business. Common employer of record (EOR) services include administering payroll, onboarding and recruitment.
PEO’s can help your business run more smoothly, and can help you branch out into other countries and markets. Here at Payroll Worldwide, we can help you operate successfully in countries in Latin America, providing relevant services such as help with immigration and mobility. To find out more about our services, please visit us here.
Services
A PEO will be able to provide successful human resource services accurately and on time, allowing you to utilise a cost-effective service you can trust. PEO’s provide help in all areas of HR, such as payroll, risk management and benefit plans. Payroll can be time-consuming and difficult to navigate, so you need a team of professionals to ensure it is carried out precisely. In different countries, local payroll laws will differ, so you need a team that is experienced.
Smaller businesses can benefit from a PEO when it comes to attracting new employees, as it can help put forward attractive benefits that they would get if they worked for a larger corporation. It can also be easy for smaller businesses to inadvertently violate tax and labour laws due to the complexities; luckily, professional PEO’s can help with compliance requirements such as tax filing and adhering to labour laws.
Easing Concerns with an Employer of Record
Some companies have their reservations when looking to outsource their HR, which is completely understandable. Companies sometimes feel that they have lost control of their business, especially when a PEO takes over the onboarding and recruitment. However, hiring will still be left to the company, as you should ultimately be the one to decide who works for you.
PEO’s also use top-quality security systems, so you can be assured that your employees’ data won’t be lost or shared. Here at Payroll Worldwide, the safety of our clients is one of our utmost priorities. Our staff are experienced and qualified when it comes to handling your HR tasks professionally, providing you with a cost-effective service you can trust. If you would like to find out more, you can give us a call on 07469 892524, drop us an email at info@payrollworldwide.com or fill out our online form.
