If you operate a growing small business in Montgomery, you know that the best way to avoid big problems is to stay focused on running the day-to-day operations. However, a growing business also means long hours dedicated to handling complicated HR and accounting duties. These responsibilities are important too, but it can be difficult to juggle them with your normal job duties.
Many small business owners in your position turn to outside help for their increasing HR and accounting duties. Professional employer organizations (PEOs) offer outsourcing solutions that are easily affordable for most businesses.
Picking the right PEO for your business can be a difficult proposition. Fortunately, NetPEO’s brokers are here to help. When you’re ready to match with a new PEO partner, you can call us at (678) 376-1212.
Services Offered to Small Businesses by PEOs
When you choose to pursue a partnership with a PEO, you’re deciding to save your business thousands of dollars a year by outsourcing your HR and accounting needs instead of hiring staff dedicated to those functions. With a PEO partnership, you have the power to decide what functions to outsource and what to handle in-house. Some PEOs specialize in a limited range of functions, while others offer services comparable to a fully staffed HR department at a large company.
Payroll Solutions Provided by a PEO
Payroll is one HR and accounting function that many small businesses want help managing. Fortunately, there are many solutions you can find available from PEOs. Your PEO can help you with:
- Tracking employee hours
- Track payroll expenses
- Cut paychecks
PEOs can offer additional services to help you process your payroll. You can have your PEO create an employee self-service site so your workers can submit their hours online. You can also get access to the latest and greatest payroll software, which can help make processing payroll by yourself quicker.
Are you up to date on the latest major laws affecting your business? It is essential that you stay on top of new laws and regulations that can affect how you handle your HR and accounting functions. Even a simple mistake can end up costing your business thousands of dollars and untold hours to clean up.
When you sign a co-employment agreement with a PEO, your new partner will be responsible to monitor for updated rules and regulations that might affect your business. They also can manage many legal issues on your behalf. For example, workers’ compensation claims can be handled by your new PEO partner.
Improved Benefits for Your Employees
Would you like to offer your employees better health insurance, but the price tag is a bit too high? There’s an added benefit to your co-employment agreement with your new PEO: your employees are counted with theirs. Bundling all of the employees working under the PEO in a single policy group allows insurers to offer discounted rates and higher tier insurance packages.
Not only do you get access to better health insurance, but your employees may also get access to 401(k) plans and dependent care. By signing up with a PEO, you can make your benefits package more attractive, allowing you to retain and recruit better workers.
Finding the Perfect PEO Partner with NetPEO’s Brokers
Our PEO brokers want to help you find the perfect PEO to help your business thrive. Doing that requires understanding every facet of your business. This need to appreciate your business is why we run a comprehensive client analysis.
The first step we take when you reach out to us is to interview you. We get to know the fundamentals of your business. We also help you figure out what areas you need help in and what sort of HR outsourcing services work best for you and your business. Our brokers will even help you determine if paying a flat fee per employee or a percentage of your gross payroll will end up saving you money when you sign up with a PEO.
Armed with this information, our PEO brokers craft a carefully selected list of PEOs from our thoroughly-vetted network that works with businesses just like yours in Alabama. We’ll set up interviews with each organization on your behalf and we’ll be there to help you navigate the terms of your co-employment agreement.
Our PEO Brokers Are Standing By to Help for Free!
If you’re ready to start the next phase of your business’s growth, call (678) 376-1212 today to get started. We’ll have one of our experienced PEO brokers on the phone with you within 48 hours, so you don’t have to wait long!