Across the tech industry, companies are facing fierce competition when trying to hire best-in-class talent. There aren't enough highly skilled individuals to fill the open roles. Even among those that can fill those roles, it can be incredibly challenging to attract the top talent in the field to your open positions.
Insiders know that working with a PEO helps.
But how exactly do PEOs make the hiring process more comfortable and more efficient?
Streamline Hiring
A PEO can streamline the hiring process in several key ways. First and foremost, best-in-class PEOs offer applicant tracking software that makes it easier to sort through interested candidates and move them through the hiring process. Applicant tracking software includes specific questionnaires that each applicant must complete, allowing you to feel for the applicant's strengths and capabilities better.
This software usually integrates with the PEOs all-in-one HR hiring software. It allows you to handle all of your hiring needs from one central location. You can even quickly post your open positions online without leaving the interface.
A quicker hiring process makes a huge difference when it comes to finding the right applicants. When you have a slow hiring process, your company loses candidates to your competitors. With a fast hiring process, you can move candidates into your open positions when they're available.
Offer Better Benefits
PEOs offer companies access to better benefits packages. PEOs have master policies that offer the kinds of benefits that are typically only available to bigger businesses. When you work with them, you can get access to those benefits for your employees.
If you want to attract top tech talent to your business, you need the benefits that will draw them there. Today's candidates cannot afford to ignore the benefits package when they're ready to start considering a new employer. It's not just about health insurance, either. The top tech talent in your field wants access to the highest-quality voluntary benefits possible. If you don't offer it to them, they may turn to your competitors.
Become an Employer of Choice
By working with a PEO, you can offer many benefits to your employees that will help you stand out as an employer of choice. Candidates are aware of the benefits your company can offer. Today's candidates, especially in the tech world, do their research before they interview, and they're more likely to stick with a company that can offer them the things they're looking for.
PEOs ensure error-free payroll. You won't have to worry about outdated, glitchy programs or human error that could lead to serious payroll problems. In turn, your employees will have the confidence that they will be paid the right amount on time each week.
Decreased administrative burden on the existing HR employees. A PEO relives your existing team of many of the burdens that sap their time and energy. As a result, they'll have more time to focus on creating a strong, positive company culture. Handing off some of those administrative tasks can create a more positive work environment for HR employees. HR can then focus on creating a more positive work environment for the company as a whole.
Smooth benefits administration lets employees know exactly what they can expect. Employees need to know what their benefits are and how they can take advantage of them. They also want to know that their benefits will work the way they're supposed to work: that is, that when they go to use their insurance or plan for their annual training, they will receive exactly what they expected. A PEO can help ensure that your employees get exactly that.
Staying legally compliant means your company avoids regulatory problems. Regulatory problems add stress to your employees and leave them feeling uncertain about their continued employment. Not only that, but many regulatory issues can also cause personal distress to your employees. A PEO can help your company avoid those challenges.
Add Recruiting Expertise
Best-in-class PEOs are experts in recruiting, especially when the tech industry is involved. Thanks to their support, you can do a better job of recruiting the top tech talent you need for your open positions and ensuring that you get employees that are a good fit for your organization.
In the process, you get time back that would otherwise be spent creating job descriptions, communicating with applicants, doing telephone interviews, performing reference and background checks, and handling paperwork. PEOs offer logistical support for you and the recruit up until the employee arrives for work.
Top Talent at a Low Cost
Working with a PEO can provide several advantages to your recruiting processes, especially in the tech industry. Better yet, best-in-class, local PEOs can provide those services for the same cost as the majority of payroll processors. If you'd like a look at the exact numbers or to learn more about how a PEO can benefit your business, request a quote from Zamp HR today.
