Employer services outsourcing is the process of a company hiring a third-party employer services corporation to manage some or all of its human resource management functions. By outsourcing employer services, companies can streamline time-consuming processes to save money and give in-house HR and payroll teams time to spend on other projects that benefit the business. Employer solutions services can perform a wide range of tasks, such as processing payroll, managing unemployment benefits, compliance management, ACA reporting, tax credit management and much more.
In many cases, employer services can benefit small- to medium-sized businesses that don’t have the resources or capacity to staff a complete HR and payroll department. By outsourcing certain services, companies can have expertise and resources not available in-house, such as reporting tools and analytics, that can benefit their businesses and employees.