Small businesses are an essential part of the economy in Alabama. According to research from the Small Business Administration (SBA), there are nearly 400,000 small businesses operating out of Alabama. These small businesses account for 99.4% of all businesses in Alabama and are responsible for employing almost half of all the workers in the state.
Keeping a company running, especially as it continues to grow, can be challenging. New challenges emerge with your growth, and they may not always be in areas where you have expertise.
Fortunately, you don’t have to face the challenges alone. For help with HR issues, many small businesses in Birmingham turn to professional employer organizations (PEOs). PEOs give businesses just like yours the chance to outsource some or all the HR functions that trouble you the most, so you can focus on keeping the business running smoothly.
As a PEO broker, NetPEO is here to take the frustration out of your search. When you’re ready to speak with one of our representatives, simply fill out the form on this site with your contact information or call (678) 376-1212.
What PEOs Can Do for Your Birmingham Business
For many small businesses, HR functions rest in the hands of the owner. As your business grows and you hire more employees, having someone to run your HR functions becomes increasingly important. Otherwise, you’ll spend much of your day handling those functions rather than doing the work you did when you started the company.
A PEO is an alternative to hiring an in-house HR team. PEOs offer a wide range of services to help small businesses handle their growing HR needs.
Recruitment and Onboarding
Finding the right talent to help your business grow can be expensive and time-intensive. Without the right strategies in place, you may find yourself without many applicants or overwhelmed by a wave of resumes.
A PEO can manage hiring campaigns for your company. They will handle the posting and search process, and they can even conduct initial interviews on your behalf. By allowing your PEO to handle the recruitment process to this point, you can make a choice from a limited, fully vetted pool of applicants. Once you’ve made your choice, the PEO can handle all the necessary paperwork to help your new employee get up and running.
Payroll and Benefits
Processing the paperwork for your payroll and benefits can be a long and tricky task, particularly if you don’t have a background in administering either. This is one reason why so many Birmingham businesses have turned to the HR professionals at PEOs for help. Your PEO partner can handle the calculation of wages, implementing garnishments, paying taxes, and handling any issues relating to your employee’s health insurance.
You can even offer your employee’s a more competitive health insurance package after you’ve partnered with a PEO. As part of your co-employment agreement, your employees can get access to the same insurance that’s available to every worker that’s partnered with your PEO. The increased pool of individuals will mean that insurers can offer lower rates and better packages, passing the savings on to your employees.
Many HR functions require an eye towards following a variety of state and federal laws. Violating any of these major laws can result in serious fines for your business. Any HR functions you outsource to your PEO are handled by professionals who stay on top of the latest regulatory developments that will affect your business, so you don’t have to.
Understanding What a PEO Broker Does
When you want to find a PEO that has the experience and services you need, you may not be sure where to start. PEO brokers are here to work with you to find the right PEO for your business.
At NetPEO, we start with an in-depth initial analysis of your business. Understanding the fundamentals of your business and your needs helps us curate a list of potential PEOs from our national network of partners. We help you talk with the PEOs that best fit your needs and we can even help you set the terms of your co-employment agreement. Whenever you’re not satisfied with your PEO partnership, NetPEO will be there to help you.
Call (678) 376-1212 to speak with a PEO broker helping businesses in Birmingham today. Our services are free to you, so don’t hesitate to take the first step towards meeting your growing HR needs!