Service Scope
In managing human resources, the enterprise must deal with the full life cycle of the employment relationship. Even beyond termination of employment, the enterprise is liable for complying with procedures for post-termination protections of the former employee’s rights in group health insurance under COBRA and retirement benefits under ERISA.
Types of HR outsourcing therefore include:
- recruitment and due diligence process management;
- payroll administration;
- employee recognition rewards;
- staff training;
- medical and health insurance, including third-party administrators of self-funded self-insured programs;
- employee relocation programs for global enterprises;
- employee assistance plans for combating substance abuse;
- 401(k) plan administration; and
- retirement benefits.