Small Businesses Look To Outsource Human Resources as Regulations Increase

Image Courtesy Of NAPEO.ORG

A 2004 study conducted by the Society for Human Resource Management (SHRM) showed 58% of companies outsource human resource functions. Today, that number is closer to 85% and the HR outsourcing industry has grown to $165 billion annually. This is the result of several factors--mostly a increase in the complexity of employment law and the desire for companies to hand off compliance concerns to human resource experts so they can focus solely on the core of their business.


The National Association of Professional Employer Organizations (NAPEO) has a growing list of rules and regulations related to employment law and that list has more than tripled since 1980. Businesses are beginning to see the importance of human resource compliance and are understanding the benefits of outsourcing those compliance responsibilities. Beyond Meat, a client of TriNet, the largest independent PEO in the country, has effectively implemented an hr outsourcing strategy and the ability to focus on its core competencies has aided in its success. TriNet and Beyond Meat are featured in an article discussing how small businesses can leverage economies of scale and focus on core competencies through the use of a PEO. Read the complete article here:  Outsourcing HR: Big Savings for Small Business.

About Beyond Meat
Our vision is to become the market leader in the development and introduction of new plant protein products. We are focused on perfectly replacing animal protein with plant protein where doing so creates nutritional value at lower cost. For more information, visit BeyondMeat.com.

About TriNet
Thousands of organizations have turned to TriNet for human resources,benefits, payroll, workers' compensation, and strategic human capital services. As their trusted HR business partner, TriNet helps these companies contain HR costs, minimize employer-related risk, and relieve the administrative burden of HR. For more information, visit TriNet.com.

About SOI
SOI is a leading professional employer organization (PEO) for small and medium-sized businesses (SMBs) serving as a trusted partner in integrated human resource (HR) compliance, risk management, employee benefits, employment practices liability insurance (EPLI), and payroll processing. SOI is based in Charlotte, NC and supports tens of thousands of worksite employees throughout the U.S. For more information, visit SOI.com.