The Benefits of Co-Employment for Your Business

Modern businesses are many-headed beasts. It takes a lot of departments to get the job done, not least of which are your HR representatives. These people serve as the administrators of an organization’s human resources, bridging the gap between employers and their staff members.

Sadly, many employers choose to handle these processes themselves, spending more time than they should handling simple payroll processes. Recruiting and human resource (HR) services give you the breathing room you need to grow your business. But every business is different, and many don’t prioritize the position the way they should.

Co-employment gives two employers specific legal rights concerning a shared employee. It frees employers up to focus on core business functions without having to worry about the responsibilities of traditional employment.

Co-Employment: What Is It?

Co-employment between two companies gives both employers rights and obligations to the employee. One business maintains standard responsibilities relating to the worker’s job duties and daily functions. The co-employer manages concerns like payroll. Thus, the worker becomes technically employed by both businesses at the same time.

Why Co-Employment Matters to HR Outsourcing

When business owners develop co-employment relationships with HR companies, they can put off a substantial amount of the risk and responsibilities associated with having employees. Employees enjoy access to possibly more health and retirement options, and there are reduced associated payroll and accounting costs, as well.

Workers’ compensation management is another factor many small businesses worry about but which can be taken care of with a co-employment arrangement. These same small businesses often pushed into making bad decisions with their compensation packages simply because they don’t know any better. In a co-employment arrangement, professionals who handle benefits on a daily basis can keep you compliant so you don’t misstep.

There’s also recruiting assistance. Hiring new employees is a process that takes time away from your normal business activities. Being able to find and secure job candidates who fit the position as well as match your company’s culture is important, but your regular work activities should still take precedence. By bringing in a professional recruiter as a co-employee gives you access to that same experience, making them ideal for once-off job hunts. 

Co-Employment

Co-employment services allow two sets of employers to enjoy the benefits of a shared employee. Interested in these services for your business? Visit Vision HR to find out how you can benefit, today.