White paper examines benefits of outsourcing HR for SMBs

Despite U.S. Bureau of Labor Statistics reporting approximately 90,000 jobs added last month, the economy continues to fluctuate and a high unemployment rate persists.

Together, these factors have continued to maintain a job market that favors employers, yet undoubtedly makes it necessary for them to sift through a plethora of applications before finding the perfect person for the job.

According to a new white paper from Paychex, titled "Leveraging Current Labor Investments for Economic Survival and Recovery," more small and medium-sized businesses are turning to outsourced human resources services to manage an increasingly complex process that includes controlling labor costs such as benefits and compensation plans.

"At a time when companies have to do more with less, and simultaneously offer benefits that are both increasingly expensive and critical to maintaining a strong workforce," said Janice Nearen-Bell, vice president of human resource service sales for Paychex. "[The] combination of outside human resource services and new technologies can help employers navigate the maze of human resource management."