Be An ?Employer of Choice? With Employee Benefits Management ...

As employment picks up, it is typical for competition among hiring organizations to increase success with on-boarding employees. At the same time, it is characteristic of job seekers and those who have been waiting to advance their careers to search out and apply for work at ?employers of choice?. Competition can be keen, and pursuit of such employers, distinguished by their pay practices and philosophy, can make or break employer prospects. Professional employer organizations (PEOs) build ?Employers of Choice? via employee benefits management services.

?In tight economic times, employers are reticent to increase pay to attract, retain and motivate employees. Yet some course of action must be taken,? says Raymond A. Parker, SPHR, Senior Vice President ? Human Resource Consulting at SOI, a leader among PEOs. ?A balance needs to be struck between available hard cost cash and the immediate soft costs of not being able to hire the best and most qualified candidates for jobs. Balance needs to be employed to keep personnel motivated, especially when they have been tasked with more work during lean times.?

Employers have long realized that ?total compensation? comprises both pay and benefits. Benefits include both health benefits (mental, vision, dental, general health) and social benefits (time off, education benefits, variable scheduling, etc.). Employment cost may be a barrier and healthcare costs continue to rise. Social benefits continue to be implemented cost effectively and creatively and attract, retain and motivate employees. Applying advanced knowledge, skill and ability in human resource management, PEOs are able to assist employers to:

• Enhance their pay/benefits balance to employees
• Furnish competitive programs and rates usually not available to smaller employers
• Bring a Fortune 500 level of rewarding employees which, can be passed to employees in the form of non-hard cost benefits

PEOs work with employers to:

• Evaluate market competitiveness of pay programs
• Analyze the appropriateness of healthcare benefits
• Dollarize the value of benefits for employees
• Communicate the value in working with the employer
• Improve work effectiveness through enhanced communications
• Ensure legal and regulatory compliance
• Train employees and management on interpersonal dynamics
• Facilitate career development programs
• Share best business and HR practices
• Offer business insight gleaned from hands-on work in various industries, business structures, organization sizes, etc.

Effectively tapping into extensive, professional and available HR expertise and applying it in creative, cost effective ways, is the ticket to becoming an employer of choice. PEOs offer these tickets to success, even in the most rigorous economic times.

SOI can offer your business employee benefits management and help you be an ?Employer of Choice?. Contact us today for a free comparison quote.

About SOI

SOI is a leading professional employer organization (PEO) for small and medium-sized businesses (SMBs) serving as a trusted partner in integrated human resource (HR) compliance, risk management, employee benefits, employment practices liability insurance (EPLI), and payroll processing. SOI is based in Charlotte, NC and supports tens of thousands of worksite employees throughout the U.S. For more details, visit: employee benefit management.

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