article thumbnail

Outsourcing Benefits Administration

Magellan Solutions

But the good news is, there are outsourcing options available for all your benefits administration and human resources needs, to help save time and effort and possibly help business owners like you allocate more of your focus on other urgent parts of your day to day business operations. . Why Outsourcing Is The Way To Go.

article thumbnail

Benefits And Risks in Outsourcing F&A Services

Premier BPO

Here are a few points below to consider the pros and cons of outsourcing FAO activities: – 1. Outsourcing F&A services helps effectively reduce overhead costs (Insurance, Training, PTO, Healthcare, Vacation, etc.) Investment, Consultancy, and Insurance Plans. Cost-Efficiency. Quarterly and Annual Returns.

article thumbnail

Checklist for Hiring Employees for First Time Employers

Magellan Solutions

Get workers’ compensation and health insurance. Workers’ compensation insurance serves as a protection for your employees from any work-related injury or illness. But most states will require you to get an insurance policy. A good recruitment process outsourcing service provider helps you handle your overall recruiting process.

Payroll 59