|
|
 Home > A Beginner's Guide to HR Outsourcing > Common HR Outsourcing Definitions
Common HR Outsourcing Definitions
|
| Business Process Outsourcing (BPO): The delegation of one or more IT-intensive business processes to an external provider that owns, administers, and manages a selected process or set of related processes. |
| |
| Human Resources Outsourcing (HRO): A specific subset or segment of BPO, HRO is the transfer of one or more human resources processes and/or activities to an external provider that owns, administers, and manages these processes and/or activities. |
| |
 |
| Professional Employer Organization (PEO): A PEO is a co-partner and works like an off-site HR department to provide cost-effective outsourcing of human resource services. The PEO legally co-employs its client’s personnel, creating a three-way relationship among the PEO, the client company, and the employees. In doing so, the PEO provides small and mid-size companies access to a strategically leveraged, fully scalable, integrated HR department that delivers a vast array of quality services and benefits while mitigating employer-related liabilities. |
| |
| Co-Employment: The legal hiring of a company’s current employees, thereby making the PEO the “employer of record” for taxation and insurance purposes. The employees are then deployed to the original employer/client under a contract that defines the respective responsibilities and liabilities of each of the parties. Within a co-employment relationship, the PEO typically assumes responsibility for all payroll obligations and tax filings, with health benefits, welfare, and retirement benefits being optional additional services that can also be contracted, as well as all the associated administrative paperwork. |
|
| |
| Human Resources Information System (HRIS): Also know as a human resources management system (HRMS), an HRIS is a computerized system typically comprising a database or inter-related databases that track employees and their employment-specific information. Most HRIS systems include the employee name and contact information and some or all of the following: |
| |
- Department
- Salary
- Supervisor
- Ethnicity
- Veterans Status
|
- Job Title
- Salary History
- Training Completed
- Date of Birth
- Visa Status
|
- Grade
- Position History
- Special Skills & Qualifications
- Disabilities
- Benefits Selected
- And More...
|
|
| Leading HRIS systems are interfaced to payroll, include employee and management reporting capabilities, and offer web access for both employers and employees. |
| |
|
Request More Information
|
|
| |
|
|