According to a recent survey by the Profit Sharing/401k Council of America, 401(k) plans will remain a top priority in 2011 as many companies plan to restore contributions that were reduced or suspended due to economic troubles.

Of the 14.8 percent of companies forced to shelve matching contributions during 2008–2010, over a third have already restored contributions, with an additional third planning to restore contributions by mid-2011.  During that same two-year period, over 70 percent of companies’ matching contributions remained unchanged, while 10 percent actually increased.

The survey also found employee participation in 401(k) plans rests largely on matching funds. Of companies with suspended matches, 78.1 percent reported a decrease in employee participation.  Of companies with non-suspended 401(k) matches, nearly a third reported an increase in employees contributing to the plans.

Additionally, the survey showed that companies are more actively involved in managing their 401(k) plans and disseminating information to their employees.  Companies also focused on employee education, investment advice, and monitoring their plans for optimal returns.  In 2010, the vast majority of 401(k) plans changed their investment lineups to replace underperforming funds.  Plan fees have also come under greater scrutiny.  This increased attention to plan management may be a result of companies appointing committees to review fund performance—94 percent of surveyed companies used such a committee.

Brandon Carl, our Business Development Manager, chatting about Human Resources outsourcing and GHRO with Ciaran Foley on LookSee.TV!

2010-08-10 Brandon Carl and GHRO Discuss Outsourced HR from Ciaran Foley on Vimeo.

The fact that businesses are choosing to outsource for female employees is not surprising. The latest workforce trends are progressively positive for women. Currently over 46% of the labor force is made up of women and they hold slightly under 50% of the mid-level management positions.

This rise in the numbers of women in the workplace has also had a positive impact for business. Research collected in 2007 has indicated that women are very successful in leadership roles and management positions and produce higher returns than men do. This not only increases women’s value in the job market, but also the value of the companies they work for.

In an effort to recruit more women companies are utilizing human resource outsourcing to attract, advance and retain this talented and hard working segment of the population.

By enlisting the help of Professional Employment Organization (PEO) women are able to take advantage of the recruitment services of a team of experts whose sole focus is to place and manage qualified employees.

HR outsourcing provides many new opportunities for women and allows companies access to employees with the skills and performance record that is vital to developing and expanding their business.

HR outsourcing enables women to more actively pursue senior management positions by giving them the leverage they need to apply for work in the more specialized areas that are being outsourced. They can actively seek a position geared towards their individual qualifications through PEO’s recruitment services and a team of experts working to connect them to the right employer.

Women are a critical force in the workplace. They offer their employees a track record of performance and professional achievement that translates into a higher return on their investment.

Businesses are finding that by using HR outsourcing they are finding superior recruitment serves and are attracting, advancing an retaining a more skilled group of women applicants who provide them with the talent they need to improve their bottom line.

Global Human Resources Outsourcing knows that women are a dynamic force in the workplace and provide effective and reliable recruitment services that cater to both professional women and the businesses that need them.

The human element is surprisingly not the first priority for businesses to take into consideration when they decide to outsource. It is the element, however, that is critical to create relationships and interpersonal communications to facilitate the productive capabilities of a workforce that has specific needs.

It is not commonly recognized that employees who feel they are well qualified to perform the tasks or duties they were hired for are more content with their jobs and as a consequence consistently provide increased productivity.

Employees who were expertly placed in the positions they were hired for are more likely to feel happier with their work and will strive to help make their company money.

Surveys indicate that an employee’s attitude impacts a business’s bottom line and the workers who feel empowered and competent stay more motivated and committed to their job.

Adequately placing and developing solid relationships with employees takes skilled recruitment services. An HR outsourcing management team that is highly organized and experienced ensures not only company’s growth but also raises employee satisfaction and productivity.

Businesses not only need to cultivate the relationships with the employees they have in- house, but also must have the capacity to attract and keep the qualified talent they outsource.

Global Human Resources Outsourcing can help companies with their administrative services organization by expertly recruiting and placing talent while guaranteeing a more personalized process that will meet its business objectives and the needs of its employees.

GHRO’s professional employment organization has a Talent Acquisition Team with over 50 years of combined HR outsourcing experience and hires over 400 employees a year.

GHRO will work with your company to provide:
•    Benefits Outsourcing
•    Employee benefits
•    Employee/Labor Relations
•    Employee Leasing
•    Government Compliance
•    HR Audits
•    HR Consulting
•    HR Management
•    Payroll Services
•    Recruitment Services
•    Safety and Worker’s Compensation

The human element is always important to take into consideration. When deciding on HR outsourcing it is always wise for companies to use an organization that will expertly take care of the employees who are vital to their productivity and profit.

Making the decision to use human resource outsourcing can be a difficult one for any business to make. However, there are a few guidelines that can help any company to better understand the benefits of outsourcing to make an informed decision.

Lowered Costs: Outsourcing results in lowered operating costs when comparing them to the costs of hiring full time employees and providing them with long term benefits packages. Benefits outsourcing can save a company substantial amounts of money in both the paid hours it takes to process all of the administrative functions to hire and maintain a full time employee as well as the capital that can be reallocated to other interests.

Raised Productivity: The strategic advantage of HR outsourcing allows businesses to meet their growth demands with the skilled employees who can significantly improve a company’s output. It makes sense that relying on employees who are experienced and well-managed will produce larger quantities of  work at a higher quality.

Simplified Operation: Not enough can be said about reducing the burden of navigating the paperwork and logistical details it requires to sustain a full time employee. Small businesses in particular will be able to rely on an administrative services organization that will bring the experience and reliability to make running their business operations more efficient on a day to day basis.

Employee Satisfaction: When people are managed properly they not only feel that their needs are being met and but are more productive when their efforts are being adequately rewarded. This results in employees who are not only more satisfied with their jobs but will also increase their value to a company because their time and energy is focused on input rather than on employee/labor relations.

Expanded Selection of Qualified Talent: Outsourcing can provide the perfect solution for finding talent and qualified employees with the ability to meet the demands of an increasingly sophisticated marketplace.

Allows Focus Application of In-House Resources: Most employers spend time on personnel issues that could be better utilized with their core business pursuits. HR outsourcing simply allows businesses to focus on increasing output.

Reduced Risk: There are many assumed risks companies would benefit by turning over to a Professional Employer Organization (PEO). These include government compliance, safety and worker’s compensation and employee/labor relations.

Global Human Resources Outsourcing will provide viable business solutions that will lower your operating costs, protect your assets and reduce your risks. Whether you have a small, mid-size or large business HR outsourcing will meet your human resourcing needs and allow your company to stay competitive in the marketplace.

Many businesses are finding they need a work force with specific skills but do not want to take on the expense of hiring full time employees. Human resource outsourcing provides an alternative solution for businesses looking to control costs while  avoiding the added burdens of paying out employee benefits packages and managing the additional personnel.

When a company hires a Professional Employment Organization (PEO) they can rely on their expertise in recruiting highly qualified applicants and effectively managing them once they are hired.

More and more businesses are benefiting by hiring a PEO to handle their human resources. Not only are they better able to spend more of their valuable time and energy on their core business, but it also allows them to expand and elevate productivity without the additional responsibilities of payroll, workers compensation, tax deposits and government compliance.

The most commonly outsourced jobs include the following:

• Call Centers
• Accounting
• IT Consultant
• Product Design
• Financial Research
• Website Development
• Software Sector
• Medical Transcription

A Professional Employment Organization will also manage the following:

• Employee/Labor Relations
• Employee Leasing
• HR Audits
• Recruitment Services
• Safety and Worker’s Compensation
• Other Related Personnel Issues

HR outsourcing provides businesses with employees who have the specific skill sets they need along with an experienced management team to carry out the many HR functions required to sustain an employee.

Global Human Resources Outsourcing understands that every company deserves the opportunity to have well qualified personnel working for them and they provide the perfect solution to bring businesses together with experienced employees while reducing the costs of managing them.

Managing people is the most important aspect of human resource outsourcing. Keeping employees motivated and productive not only takes effective leadership but also takes inspiration.

Companies who outsource are not willing to compromise by demanding less than peak performance form their personnel. This is why they rely heavily on the management skills of the Professional Employment Organizations to take over the responsibilities of managing their employees.

Handling the administrative duties of payroll services, employee/labor relations, safety and worker’s compensation, recruitment services, government compliance, risk management and employee benefits as well as providing workers with a solid infrastructure set up to deal with specific personnel issues takes an experienced management team.

Effective management not only wears the alternating hats of mediator and diplomat but also serves up the inspiration employees need to reach their full potential.

A capable PEO will also maintain a smoothly running management system that will help businesses attract talented job candidates, reduce employment costs and liability, smoothly initiate transactional HR and raise output and productivity while continually meeting and exceeding profit goals.

Top Strategies PEO’s Utilize for Successfully Managing People:

•    Competitive Salary: Pay is the first area a potential employee will consider before accepting a job position.

•    Benefits: Health insurance, dental insurance, retirement and time off are crucial requirements to attract skilled employees.

•    Fair and Equitable Management: Employees need to feel empowered and comfortable with the management style of their prospective employers.

•    Availability of Human Resources Liaison: A responsive HR is the key to ensuring employees that policy is there to benefit them as well as the hiring company.

•    Informed Job Placement: Recruitment is not only beholden to the employer but also to the potential candidate. Competently placing an individual in a job they are well qualified for should always be a high priority.

Global Human Resources Outsourcing not only offer businesses over 50 years of experience, they also offer superior administrative services that utilize the successful strategies it takes to attract superior employees and keep them satisfied in their jobs.

Managing people is what HR is all about and Global Human Resources Outsourcing offers businesses the employment solutions that are proven to work.