This post we would like to discuss about PEO or also referred as Employer of Records. The future of employment is going to be very different from traditionally how employers employed in India. Today we have many of the employees are working in this model. However with more than 40 million employees work in SME sector alone, there is a huge scope for future in building efficiency.
Professional Employer Organisation (PEO) : is a firm provides employees for an employer/firm whereby assuming the responsibility of Hiring, Managing Employment, Benefits, Workers compensation, Training & Exit Management. It means the PEO hires client company employees and manages their employment as "Employer of Records".
|PEO Beginning of an opportunity|
Choosing a professional firm who understand the legal and employee based practices well is the key. Start-ups can use this service effectively so that they can provide all the benefits from the day-one of the employee. Medium & Large firms can minimize the risk of employment related issues. Also SME's can benefit by having a mechanism of transfer of employment after a stipulated period which ensures seriousness and proven expertise is brought into the company.
Husys - HR Function Management Company ( www.husys.net ) is striving to build HR Department for Start-up, Small and Medium businesses since 2002. Husys strive to help in managing to stream line the change that organizations go through during their growth phase. Husys addresses the key Human related issues to support organizational Growth. We integrate the Hiring, Induction, Performance Measurement, Policies, Employee Bonding and Development. Reach for any support in HR Services / HR Outsourcing / HR Function Management / Customized HR Outsourcing in India.