Hawaii Businesses Look For New Strategies to Recruit and Retain Talent Amid Growing Labor Shortage and Challenging Business Climate
Hawaii’s business environment has long been touted as one of the toughest in the U.S. due to its high tax and labor costs. In fact, labor costs, which can be made up of wages, benefits, insurance, taxes, admin, and more, can account for up to 70 percent of total business expenses. For many, this means resources that should be spent on improving the bottom line are instead often tied up in administrative HR tasks. However, the good news is that forward-thinking companies are turning to outsourcing as a strategy to keep up with the details of HR so they can stay focused on revenue generating activities instead.
“Running a business in Hawaii comes with a powerful opportunity to lead, inspire and positively affect Hawaii’s economy and workforce, yet employers are often unprepared for being in the ‘business of people’ too,” said Ben Godsey, president and CEO, ProService Hawaii. “Partnering with an HR organization, oftentimes in the form of a Professional Employment Organization (PEO), can eliminate many of the increasingly complex HR tasks that come with managing a business.”
In the Hawaiian market, specifically, HR needs encompass more than high labor costs, including frequently changing regulations and labor shortages. In addition, managing today’s multi-generational workforce has become much more complex in recent years as digitization and shifting business models create new expectations among workers. This can result in an employee lifecycle that is difficult to navigate and add to the complexity of HR tasks ranging from attracting and hiring new employees, to reducing turnover and managing people day-to-day.
To help local employers get ahead, ProService Hawaii, the largest and most experienced provider of HR solutions in Hawaii, today announced its inaugural Breakfast Series: HR Outsourcing 101, a new event series focused on outlining how businesses can succeed by partnering with a PEO. Each event within the series will discuss what HR outsourcing is, how it works, and what benefits it can bring to local businesses.
“We created the Breakfast Series to demonstrate how employers in Hawaii can feel confident that their HR processes are being handled correctly and efficiently, without distracting them from their core business,” continued Godsey.
For nearly 25 years, ProService has worked side-by-side with business owners in Hawaii, helping them to take better care of their employees. From onboarding to payroll, benefits administration to training and development, ProService guides clients through the complex employment processes required by state and federal compliance laws while advising on best practices for other employee-related matters. The Breakfast Series is the latest in a string of events dedicated to providing clients with interactive learning experiences focused on helping businesses manage their HR needs efficiently and cost-effectively.
Kicking off on Oahu at the Mid-Pacific Country Club in Kailua, the Breakfast Series will take place in November and December across Oahu, Maui and Hawaii Island. Each event will run from 7:30 a.m. to 9:00 a.m. Hawaii Standard Time (HST). For a full list of locations, or to register for an event, visit https://info.proservice.com/breakfastseries.
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About ProService Hawaii
ProService Hawaii is the largest and most experienced provider of HR solutions in Hawaii. More than 2,100 local businesses use ProService's comprehensive suite of HR solutions, which includes payroll, human resource services, health benefits management, workers’ compensation and 401(k) management, as well as risk management and regulatory compliance, to more easily hire, retain and manage employees. ProService provides consistent, reliable and responsive service backed by nearly 25 years of expertise – not only saving time and money, but giving clients the peace of mind that comes from knowing they’re doing right by their business and their people. Accredited by the Employer Services Assurance Corporation (ESAC), the company is headquartered in Hawaii Kai on Oahu, with additional offices located in Downtown Honolulu, Kona, Kahului and Kapaa. Learn more at www.proservice.com.