It’s now an established fact that remote work is here to stay. Both employers and employees are unwilling to let go of the benefits of hiring and working remotely in the wake of the pandemic. Although, how do business owners navigate the issues that come up with managing remote employees?
Four Ways a PEO Can Help With Managing Remote Employees Effectively
To enjoy the benefits of working with a remote team, a small business must overcome the hurdle of keeping up with multi-state or foreign labor laws. With this in mind, working with a PEO can help employers overcome these challenges.
Here are four ways a PEO can help you manage employees from a remote location:
Finding, Attracting, and Maintaining the Right Talent
Working with a PEO means that small or medium businesses can attract and maintain high-quality talent. Talent that aspires to work for established big businesses and brands which typically offer better benefits. PEOs become co-employers alongside your business and serve as the employer on record. Also, a PEO can carry out tasks associated with employment. Because PEOs enjoy economies of scale, and as a result, they can support your business and offer competitive benefits at lower rates.
Finding the right talent can be a challenge for any company, especially one that is just entering a market. Businesses have a hard time figuring out how to position themselves to be discovered and discover the right talent. Research shows that 80% of new hires are discovered through networking and not job boards. This means that without the right networks within a state or country, it may be impossible for you to find the talent you require.
Your PEO should be able to align itself with your payroll, benefits, budget, and position requirements in order to source the most suitable talent for a position. The understanding of local labor markets and commitment to your interests means PEOs are well equipped to handle salary negotiation and other expectations with new hires.
Onboarding prepares your employees for the experience they’ll have while working in your business. It positions the employee to understand their roles, your corporate culture, and often determines the extent to which your employee will be productive.
If not handled properly, onboarding can contribute to employee dissatisfaction, which may undermine your ability to maintain quality talent. Working with an appropriate PEO means you leverage their expertise and are assured of a smooth onboarding process for your new hires.
These seemingly small issues are magnified when managing remote employees. A smooth onboarding process results in a positive employee experience, which is valuable to your brand among employees and results in positive outcomes in terms of employee job satisfaction and retention.
You’ll Save Money with Remote Employees
Hiring remote employees can save you up to $11,000 per employee with part-time or remote employees. Less overhead means more profit to you. You don’t have to worry about the administrative requirements of managing a remote team in multiple states or countries, the PEO will be right by your side to help with managing remote employees efficiently and effectively.
Also, PEOs are able to provide insights on local consumer behavior and political economy realities that you need to navigate as a business owner. A PEO can reduce the time you take to settle in a new market or fill a position, saving you the money you’d have lost because of lack of productivity.
Access to Productivity Tools for Remote Employees
Your strategy to employ remote employees should include working with a PEO. PEOs have the experience and human resource information systems you’ll need to effectively manage remote employees. Working with a PEO means you have full-time access to HR consultants who can provide the best practices for managing your remote employees – and it can all be done through an online portal.
With a PEO, you’ll have access to tools that enable you to efficiently keep track of employees’ leave, overtime and performance metrics in line with your business goals.
Summing It Up
Undeniably, a PEO is the best way to support your effort in managing remote employees. If you’re considering working with a PEO, contact MartinoWest and we will match your business with a suitable Professional Employer Organization within our network.