Outsourcing HR #20

Welcome to the Thunder Founder Newsletter Issue #20!

As your startup grows, so does the complexity of HR demands, especially when it comes to employee benefits. It's tempting for founders to believe they can handle it all themselves - it's what we are expected to do to save money - but the intricate world of HR can easily distract from the main goals of running the company and shaping its future. While it's understandable that founders want to save as much cash as possible, trying to tackle HR alone can actually end up costing more in the long run (sometimes overspending by 2x!).

Enter the professional employer organization (PEO). Using a PEO can save time, money, and hassle for startups of any size. Many founders spend countless hours navigating the labyrinthine world of HR without realizing that they're often overpaying for benefit plans that aren't even the best fit for their employees. A good PEO can help determine the appropriate stage of the company and offer better benefit packages at better rates.

In short, outsourcing your HR needs to a reliable PEO can be a major competitive advantage for a growing startup, freeing up valuable time and resources to focus on core business objectives.

Join us on April 27 @ 1PM ET for an event with Nick Domino, a Principal at Associated Benefit Consultants LLC, to discuss how startups should think about PEOs and how they can benefit them. At this event you can expect to learn the following:

• What is a PEO and how they work
• Advantages of partnering with a PEO
• Different types of PEO offerings and how to choose the right one RSVP Here

If you're ready to raise capital, let us know and upgrade to Premium to unlock your targeted investor list of who will have a higher probability of investing. All premium clients receive a complementary consulting session with Jason Kirby, Managing Partner at Thunder. Upgrade Now

What the Experts Have to Say

Strategic HR For Startups: The PEO Solution

A story by a fellow entrepreneur about how he became swamped with HR and finally turned to PEO as the solution. Read More

PEO Service Benefits for Startups and Small Businesses

Startup Magazine wrote this short article to help founders understand some background on PEOs and the benefits it can provide them. Read More

Why Hiring an HR Team for a Startup is a BAD Idea

HR is taking your time, so maybe just hire someone internally to do it. There are many reasons why hiring internal HR is not a good idea until your company is larger. Read More

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Written by Jason Kirby - https://www.linkedin.com/in/jasonrkirby
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