As a business owner in Albany, you are an expert on the products or services you provide. Building your business and satisfying customers are your main goals and probably what you love best about running your own business. However, you probably spend a significant amount of time on business-related tasks you do not enjoy, even though they must be completed to keep your business running smoothly and lawfully.
NetPEO can solve this problem, and bring additional benefits, by connecting you with an Albany Professional Employer Organization (PEO) that will take on those tasks and free you up to invest more time on the parts of your business your skills serve best.
How a PEO Business Relationship Works
When you partner with an Albany PEO employee benefits service, the PEO is separate from your business, but the partnership allows the PEO to fulfill your business’s human resources responsibilities. This partnership is called “co-employment.”
Under the co-employment structure, the PEO “acts” as an employer to your employees by providing benefits packages, managing HR complaints or issues, and handling payroll. The PEO can also oversee and ensure your business’s compliance with legal regulations and complete performance reviews, among other tasks.
As the business owner, you decide which tasks to outsource to your PEO, and you are still “the boss.” You retain the authority to hire, terminate, or otherwise manage your staff and make important business decisions. The co-employment structure simply makes it legal for the PEO to act on your behalf when completing tasks you have outsourced to its oversight.
NetPEO Will Find Your Albany PEO “Match”
While partnering with a PEO is a good business decision, finding the right PEO is time-consuming, requiring long hours of research. Most business owners are already stretched thin, and dedicating precious hours to a PEO search is unwise and often impossible. This is where NetPEO can help you.
NetPEO is an HR brokerage firm with an extensive network of PEOs. Our PEO pool runs deep, meaning we can find the right PEO partner for any business. At your consultation, your NetPEO broker will conduct a detailed assessment of your operation and the business needs you to need fill. Based on this assessment, your NetPEO broker will determine which Albany PEOs can best meet your needs.
All you have to do is review the list of carefully researched options and decide which Albany PEO to partner with. Even after you make your choice, NetPEO will continue to offer support. If you run into complications with the PEO, NetPEO will help remedy any conflicts or look for a new partner for you.
Your NetPEO Broker Will Protect Your Partnership
Just as with any other business, not every PEO is trustworthy. Fortunately, your NetPEO broker in Albany always works with your best interests in mind and will not recommend partnerships with PEOs who have a history of unethical practices.
Some dishonest PEOs employ the strategy of “scooping” or taking money left over from tax-deductible insurance contributions. NetPEO only networks with credible, reputable PEOs, so you do not have to worry about being “scooped” or otherwise mistreated by your PEO partner.
The Advantages of Co-Employment with an Albany PEO
Along with saving you time and allowing you to keep your attention on your business goals, partnerships with Albany PEO benefits services bring other advantages.
Employee Benefits Packages
It is a challenge for small and mid-sized business owners to offer their employees competitive benefits packages. Good benefits come with a price tag usually far exceeding a small or mid-sized business budgets. However, when your employees are employed by a PEO, they join with the hundreds or thousands of other employees from other small business who are also legally employed by that PEO, and the PEO budget allows access to far better benefits packages.
Because of your co-employment arrangement with the Albany PEO, your employees can receive benefits potentially including:
- Medical insurance
- Dental insurance
- Vision insurance
- Retirement benefits
- Tuition reimbursement
Stronger Employee Pool
The improved benefits packages serve not only your employees but your business as well. Applicants who have the most to offer tend to seek employment with businesses that offer the best compensation for their skills, work ethic, and expertise. A strong benefits package will help you attract and keep these superior applicants.
And remember, the PEO in Albany handles all oversight and disbursement of these benefits. While your employees experience the greater security their benefits offer, it comes at no additional hours on your part.
Better Use of Time and Money
Partnership with a PEO means you no longer have to devote hours to payroll management, understanding and complying with business regulations, handling workers’ compensation claims, or resolving HR issues. You can instead use that time and energy to grow and improve your business and your bottom line.
When you consider what Albany PEO employee benefits services do for your business, you might conclude that the partnership is expensive and will take too much of your business budget. However, when you calculate the cost of a PEO partnership with what you would pay to hire your own HR team or against how much of a time investment your business loses when you handle these tasks on your own, the partnership actually brings your business a net gain.
Also, your NetPEO broker in Albany will consider your budget when recommending PEOs, taking care to connect you with partners you can afford.
Protection from Cyber-Attacks
A recent Verizon data security report shows smaller businesses are especially vulnerable to cyber-attacks and may be destroyed by even one attack. You, your employees, your clients, and your business overall can be hurt or destroyed by cyber criminals.
PEOs take extreme care with your business’s data and information, and your NetPEO broker will work to find you a partner who will protect your company’s information against security breaches.
Schedule Your Consultation Today
As the business owner who started and cultivated that business, you deserve to see it flourish. Contact NetPEO today to schedule a free consultation with a broker who will connect you with potential Albany PEO employee benefits services. The consultation can lead to a partnership that saves you time and money, helps you attract and keep high-quality applicants, and allows you to focus your energy on making your business the best it can be.