“Preparing for the Future: HR Outsourcing in 2013″
Last year was one of the most volatile economic periods in U.S. history. Reams of new employment legislation were passed into law, the country endured a vicious presidential campaign, the constitutionality of Health Care Reform was challenged and maintained, and months of economic uncertainty lead up to the New Year deadline of the fiscal cliff.
While the worst seems to have passed, recent surveys indicate business confidence has dipped back to recession-level lows.
With such uncertain economic days ahead, growing financial burdens, and the never-ending flow of employment regulations and compliance challenges, employers are looking for ways to reduce costs and keep their business afloat. And to do so, they are outsourcing their human resources functions to Professional Employer Organizations (PEO).
In this 15-page report, we discuss the business challenges of our time….
- The current economic climate
- The cost of legislative compliance on employers
- Challenges posed by Health Care Reform
- The growing employment risks facing employers
… And the solutions provided by PEOs through human resources outsourcing….
- Reducing employment risks through proactive HR support, compliance and training;
- Providing economies-of-scale to reduce insurance premiums, cut employment overhead and simplify administrative processes;
- Guiding and directing business through Health Care Reform compliance;
- Offering robust employee benefit and health care plans;
- Helping create safe and productive work environments.
“2013 Employer Health Care Trends”
The face of American healthcare is changing. In recent years, various reforms have been implemented and others are pending. With the re-election of President Obama and the Supreme Court ruling last year on the constitutionality of Health Care Reform, employers recognize that this decision will have a significant impact on health care for years to come.
Confused by the legislation, employers are fearful of rising insurance costs and are hesitant to make any significant changes to their current plans. However, despite the potential changes coming to the US healthcare market, they have no choice but to continue managing these costs for their companies. Employers and human resources professionals that are well-informed about health insurance trends will be better suited to determine the policies that will be the greatest benefit to their companies.