Partnering with a PEO is a smart way to expand your small or mid-sized business. If you want to reap the benefits of a PEO partnership, our team of PEO brokers in Alabama can find you a provider that fits your company. Once we’ve found you the right PEO, you’ll be able to save money by outsourcing a number of services, and you’ll have more time and money to invest in growth.
The need to get back to business is why so many small businesses in Alabama are turning to professional employer organizations (PEOs). PEOs offer HR outsourcing services in Alabama that are designed to be on par with those available at larger companies, but at prices that won’t break the bank for smaller businesses.
How a PEO Partnership Can Elevate Your Alabama Business?
Business leaders sometimes get the wrong idea about PEOs and think that you have to give up power over your company to partner with one. In reality, that couldn’t be more false. When you hire a PEO, you decide which services they handle and you retain full control over final decisions and the direction of your company.
The main function of a PEO is to outsource departments and tasks that are weighing your company down. A PEO broker in Alabama can match you with a provider that will be able to take on the following services:
- Human resources. With a PEO you’ll be able to outsource HR tasks like hiring, training, performance review, employee handbooks, and terminations. A benefit of outsourcing HR is that employees are almost always happier with the efficiency and timely responses they get from a PEO HR team.
- Employee benefits. Providing your workers with comprehensive benefits can be hard when you’re a small business owner. Fortunately, a PEO can craft and distribute high-quality benefits to all your employees. When you partner with a PEO, your employees become a part of a much larger workforce, which is how a provider is able to give you access to the best benefits possible.
- Payroll. Once your broker has set you up with a PEO, you won’t have to worry about payroll headaches anymore. Your new provider will handle bookkeeping, direct deposits, and W-2 distribution in a timely and efficient manner.
- Workers’ comp claims. Workers’ compensation claims can be incredibly frustrating and costly to deal with. Luckily, a PEO can lower the likelihood that you’ll have a claim levied against you, and reduce the expenses related to claims that arise in the future.
- Compliance. Compliance is important for companies of any size to keep up with, because all businesses have to follow federal and state government regulations. A PEO can save you thousands in penalties by ensuring your organization adheres to government rules.
Your Growing Alabama Business Can Benefit from a PEO
While your business is growing, you may not feel certain that a PEO is right for you. Maybe you’re concerned that you don’t have enough employees or too many to warrant an HR outsourcing service. You may also be concerned that there are no PEOs operating in Alabama with experience handling businesses in your field.
Every Small Business Can Use a PEO
NetPEO’s brokers have helped small businesses for all sizes find the right PEO to help with their HR outsourcing needs. We’ve worked with clients who’ve had as few as 5 employees get the HR and accounting help that they need. Our brokers have also helped clients with nearly 500 employees solve backroom paperwork problems.
No Industry is Too Niche for a PEO
Small businesses account for more than 99% of all businesses operating in Alabama today. While your business is unique, many of the HR and accounting challenges you face are also faced by businesses throughout the state. Our PEO brokers have helped find the right partner for businesses working across a wide range of industries, including:
- Food services
When you sign up with a PEO, you can trust that their HR professionals are well versed in the specific regulations governing your industry. They will also provide expertise regarding major labor laws, both at the federal and state level, affecting all small businesses in Alabama.
PEOs Offer a Wide Range of HR Solutions
No small business has quite the same needs as any other. Fortunately, there are HR outsourcing solutions for all sorts of business needs. A professional employer organization in Alabama can help your company evolve and preserve its unique identity.
Payroll and Benefits Solutions
One of the most common sorts of solutions PEOs provide to small businesses is through payroll and benefits administration. In some cases, the PEO merely provides the latest software and verifies the information entered into the system. Other PEOs offer the opportunity to pass all payroll and benefits administration duties on to their trained HR professionals.
Employee Self-Service Site
Want your employees to have easier access to their payroll and benefits information? How about an easy way to give employees new training or help them acquire new certifications? An employee self-service site is a great tool to empower your employees. With a PEO partner, you can have a custom site built for your employees with any information you’d like, and the IT professionals with your PEO will maintain the site on your behalf.
It’s an unfortunate fact that workers sometimes get hurt on the job, even when you take all the necessary precautions. A PEO can be there to help you with the paperwork that comes with handling the workers’ compensation claim. That way, you won’t get weighed down in extra paperwork and can rest easy knowing the process is being handled by experts with knowledge of handling workers’ compensation claims.
How Small Businesses Are Able to Afford PEOs?
You might be wondering how paying for a PEO is possible for a small business, but that’s probably because you are thinking of a PEO as a net cost to your company. The truth is, PEOs are a net gain for any business. That’s because the cost to outsource departments like HR and payroll is significantly less than paying to have them in-house.
PEOs are often priced per employee per year, so if your business has relatively few employees, the cost of your PEO will scale to match your size. In addition, some PEOs offer a flat rate which can be as low as $150 per month. Regardless of the size of your business, your Alabama PEO broker can work with you to find a provider that you can afford.
Alabama PEO Broker Will Protect You From Providers With Fraudulent Practices
Your Alabama PEO broker has your best interests in mind, and will never recommend a PEO that employs fraudulent practices. A tactic known as “scooping,” which involves the pocketing of leftover money from tax-deductible employee insurance contributions has become all too common among dishonest PEOs.
We only work with the most credible and highly qualified PEOs in the game. That means you can be sure that your new provider will never undermine your trust by engaging in “scooping’ or any other practice that disadvantages your company.
PEOs Can Help With Data Security
According to cyber security statistics, 43% of cyberattacks are perpetrated against small businesses. Cyber attacks can compromise your data and hurt you, your employees, and your company’s proprietary information.
Partnering with a provider is one of the best defenses against hackers. That’s because PEOs are extraordinarily careful when managing your data and important company information. Your PEO broker can find you a provider in Alabama that will be sure to keep your data as safe as possible, so you don’t have to worry about a security breach.
Schedule a Consultation With a PEO Broker in Alabama Today
When you decide to work with an Alabama PEO broker, the first thing they’ll do is conduct a detailed assessment of your company and what it needs to gain momentum and progress. Once they know more about your business, they’ll provide a list of PEOs that will be sure to improve your organization in a multitude of ways.
If you’re ready to take the next step with your company, call us or fill out a contact form to schedule a free consultation. We know you’ll be thrilled with the growth and increase in revenue you see from your new provider. If you’re dissatisfied in any way, let us know and we’ll either help resolve the issue or find you a PEO that meets all your needs.