Startups, particularly those in the private equity and venture capital sectors, often find handling human resources tasks to be quite a challenge. These intricate and time-consuming responsibilities can divert valuable focus away from the firm’s primary business functions.
That’s why startups often turn to Professional Employer Organizations (PEOs) like Aspen HR for help. We shoulder the burden of HR-related tasks such as payroll, compliance, employee benefits, and retirement planning. Our expertise allows you to streamline your HR operations, enabling your organization to save money and stay compliant with ever-changing regulations. For small and mid-sized startups in particular, PEO services are a perfect fit.
While Aspen HR is headquartered in San Francisco, we have offices in key startup centers like Boston, Austin, the Bay Area, and LA. Our strong local presence enables us to provide the best HR solutions to companies operating in these fast-growing markets.
With the help of an experienced PEO for startups like Aspen HR, you’ll get back time spent handling the time-consuming administrative tasks that can often slow down a company’s workflow. Examples include payroll services, benefits administration, and employee onboarding.
A PEO is a valuable ally for startups when it comes to providing a Fortune 500 caliber benefits program at a reduced cost. Aspen HR also allows you to outsource services like creating employee benefits plans, recruitment and hiring, and payroll processing, which can be quite expensive to manage on your own. All of this results in long-term cost savings. For instance, Aspen HR helped a VC-backed fintech company save over $370k annually thanks to our Fortune 500-level benefit offering.
When it comes to HR, it can feel like you’re in over your head if you don’t have the right knowledge. PEOs stay up-to-date with changing employment laws on a federal, state, and local level, so you don’t have to worry about these important details. For example, given our presence in Boston, Aspen HR is able to guide startups in Massachusetts, helping them navigate the state’s complex regulatory environment and ensuring they stay in compliance.
As a PEO for software companies, investment firms, and life sciences companies, Aspen HR has a proven track record of success. For example, a life sciences venture fund operating across California and North Dakota was struggling with service issues from their then HR provider, a large national firm. They needed a new PEO partner that could manage their remote employees, who were scattered across multiple states.
Aspen HR’s white-glove service modelcaught their attention, and the venture fund made the switch. We then developed custom offerings for the firm, supporting their human resource operations. The subsequent results were remarkable – we raised their employee satisfaction rate and saved the company over $150k.
Operating across California and North Dakota, a life sciences venture fund was grappling with service issues from their then HR provider, which was a large national firm. They thus needed a new PEO partner that could manage their remote employees, who were scattered across multiple states.
Aspen HR’s white glove service model caught their attention, and the venture fund went on to make the switch. We then developed custom offerings for the firm, with which we proceeded to support their human resource operations.
The subsequent results were remarkable – as we raised their employee satisfaction rate and saved the company over $150k.
A California-based private equity firm was in the process of acquiring a home infusion company in Texas. During the due diligence phase, though, the buyer expressed concerns regarding potential HR risks on the side of the home infusion entity. It then sought Aspen HR’s expertise to evaluate the risks.
Aspen HR successfully identified multiple issues, including inefficient manual HR processes, invalid non-compete agreements, outdated forms, and job misclassifications. Consequently, the buyer engaged Aspen HR to implement corrective actions post-acquisition, making us the company’s long-term HR partner of choice.
A PEO for startups like Aspen HR can be a game-changer when it comes to managing remote employees. It can handle all the administrative tasks such as payroll, benefits administration, and compliance, which can be particularly challenging with a remote workforce spread across different locations. Additionally, a PEO helps you create effective communication strategies, manage performance remotely, and ensure that your remote employees feel connected and valued.
PEOs offer a multitude of benefits to startups. They offload time-consuming HR tasks, allowing you to focus on your core business. A PEO helps you stay compliant with changing employment laws and regulations and can also assist in creating attractive benefits packages to attract and retain top talent. Additionally, by outsourcing human resources work to a PEO, startups can achieve significant cost savings.
A startup with a PEO shows that the startup is serious about managing its human resources – and costs – effectively and staying compliant with regulations. It also indicates that the startup is committed to providing a competitive benefits package to its employees, which can help attract and retain top talent.
PEOs can significantly improve remote hiring by providing expertise and resources in recruitment strategies and processes. Aspen HR can help you create attractive job descriptions, screen candidates effectively, and manage the entire remote hiring process efficiently via our Applicant Tracking System. Additionally, a PEO like Aspen HR can help ensure that your remote hiring practices are compliant with all relevant laws and regulations.
Aspen HR offers a complete range of PEO services for startups looking for best-in-class HR solutions. Our highly knowledgeable team, supported by a turn-key cloud-based HR platform, provides the perfect mix of white-glove HR services powered by automated workflows, giving you the freedom to focus on your core business.
Choosing Aspen HR as your PEO means gaining access to a suite of comprehensive HR services, from payroll and benefits programs to risk management and compliance support. Our solutions are tailored to meet the unique needs of startups, allowing you to attract and retain the best talent in the industry.