News Column

HR Comp: Professional Payroll Services Growing More Prevalent

Mar 14 2013 12:00AM

Marketwire

Tracker

POWELL, TN -- (Marketwire) -- 03/14/13 -- The attention of professional employer organization (PEO) HR Comp was recently attracted by an article in Crain's Cleveland Business that asserts that companies in the state of Ohio are increasingly turning to PEOs to handle their HR functions, including benefits and payroll. The professionals at HR Comp assert that this trend in outsourcing is one that, ultimately, allows owners of small and medium businesses to pay closer attention to other aspects of their companies while minimizing the liability that their organizations hold.

"Professional payroll services are invaluable to business owners who either do not have the time to do payroll, do not have the ability or extra room in their schedule to learn the legal side of this responsibility, or simply want to limit the liability that their company holds by trusting this task into the hands of professionals," explains a representative from HR Comp. "One wrong calculation while doing payroll, even the simplest of mistakes, can have great ramifications that can impact the company and its employees. As such, many business owners see it as making a move in the best interest of their team when they outsource their payroll functions."

The itemized services that payroll companies provide may vary from one to the next, but most often these organizations have the ability to offer a wide range of human resources tasks, from handling tax documents to staffing the office. As such, they can frequently create service packages that meet the expectations of their clients without forcing them to invest in certain functions that they simply do not need.

While many individuals see human resources as a field that does not generate revenue, and therefore as one that is not as important as, say, sales when building a new company, the truth is that human resources allows other functions of the organization to work. As such, the professionals at HR Comp have released a statement highlighting the fact that turning to a professional payroll service is, in many ways, making an investment in the ability of the company to meet client expectations: "If a company doesn't pay its employees properly, there is no way in which it can attract the talent it needs to keep its clientele happy -- and to grow its market share. It is integral, then, that payroll and other services are considered an important part of a working, successful business model, and in many instances it is in the best interest of a business owner to outsource these functions."

ABOUT:

HR Comp, located in Powell, Tennessee, is a professional employer organization (PEO) that provides its clients with logistic solutions varying from human resources administration to employee management. The offerings that the specialists at this company provide include: employee risk management, direct deposit, tax forms, safety inspections, compliance, time and attendance, staffing, payroll, insurance coverage, Web-based scheduling, drug testing, audits, file maintenance, safety training, and more. The professionals at HR Comp are capable of assessing and addressing the needs of small to medium businesses and are dedicated to successfully integrating their solutions with client organizations.

For more information about HR Comp visit www.hrcomp.com.



Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters