If your company is growing, you’ve probably noticed that you’re spending more time on administrative tasks and less on your core business. Fortunately, there’s a way you can unburden yourself from resource draining concerns and focus on what’s most important to your business.
Partnering with a Massachusetts PEO broker can take the weight off of your shoulders. NetPEO can match you with a PEO that offers the right blend of experience, size, and benefits for your company. Reaching out to one of our Boston PEO brokers could be one of the smartest business decisions you ever make.
How a PEO Partnership Works
Partnering with a PEO is a smart solution for small and growing businesses that want to direct as much time and resources as possible to expanding. Once a PEO broker in Boston has found you the perfect partnership, you’ll be able to PEO solution services like human resources, payroll, and much more to your new provider.
When you partner with a PEO, you enter a relationship known as “co-employment.” At no time in this contract do you lose any control over your company. As a business leader in a co-employment relationship you make the final decisions and decide what services your PEO provides.
Employees Love PEOs
When you partner with a PEO, it relieves a lot of stress from your employees. PEOs are known to improve the HR assistance in the companies they partner with, which makes employees feel more at ease. In addition, more efficient payroll services ensure that your workers get paid on time. A PEO broker in the Boston area can match you with a PEO that specializes in HR and payroll.
Employees also benefit from PEOs because the arrangement gives them access to higher quality benefits. With your new PEO, you’ll be able to offer your workers comprehensive medical, dental, vision, 401(k), and IRA benefits.
Hiring human resources, payroll, accounting, and risk management employees in-house can be extremely expensive. When you partner with a PEO, you’ll be able to outsource all those services for a fraction of the cost. Your PEO broker will help you find a PEO that can manage what you need done.
You can also outsource workers’ compensation claims. A PEO can handle compensation claims, as well as any other employer vs. employee dispute. They can also greatly reduce the likelihood of these claims coming up in the first place.
A detailed and consistently enforced sexual harassment policy is essential for the protection of your workers. Curtailing sexual harassment in the workplace will also reduce turnover and prevent you from paying for expensive lawsuits and settlements.
We work with a number of PEOs that specialize in creating sexual harrasment policies. They can also help you instruct your employees on harassment rules during onboarding. In addition, they’ll hold seminars to retrain your workers so that they know what is expected of them at all times.
Boston PEOs Handle State and Federal Compliance
Federal and state regulations can place barriers between you and your growth. After you hire a certain number of employees, you might need to offer certain benefits or follow new labor regulations. So many new businesses in Boston get blindsided by these rules.
Your PEO partner can handle all of that for you. They take on a lot of the liability and help keep you compliant. This can protect you from fines and lawsuits that could tank your business. Once you’re compliant, you may find you also bring in better talent because you’ll look more professional.
PEOs Bring Big Benefits to Boston Businesses
On top of regulatory compliance, partnering with a PEO can also bring additional employee benefits to your company. Many benefit providers will not work with you unless you have many employees, or charge you out the nose for smaller groups.
PEOs pool their teams of workers to get significant discounts on benefits. Your PEO will handle all the benefit administration tasks and your employees get to enjoy things like health insurance and retirement plans.
How NetPEO Can Help You
Different PEOs focus on different types of services. A PEO broker in Boston can conduct a detailed assessment of your company and find you the partnership that best suits the unique needs of your business.
Once your partnership is signed your broker will follow up regularly to see if your agreement is meeting your needs. When you eventually outgrow your partnership, your broker will be there to reassess your organization and match you with a new provider that will continue to elevate your company.
How to Transition Into a PEO Partnership
When you first start out with your new PEO, it’s important to communicate effectively with them and encourage your workers and anyone else impacted by the partnership to do the same.
Your PEO will likely host an orientation seminar for your workers to acclimate to the new way of doing business. Make sure to allow them to voice any concerns they may have about the partnership. Also, be sure to contact your broker if your PEO isn’t living up to your expectations.
Paying Your PEO in Boston
NetPEO will never charge you for services. Any consultation you have with us is absolutely free. Before you sign an agreement with a Boston PEO, we’ll go over all the payment details so that you’ll know if it’s a good deal or not.
Most PEOs are paid in one of two ways. Either they take a set percentage of your payroll costs or charge a flat rate per employee on your staff. Depending on your staff’s wages and the amount of workers you employ, one of the two options will be more cost-effective.
Call Our Boston PEO Brokers Today!
Your new Boston PEO broker is committed to finding a PEO that will allow your company to reach its full potential. Call NetPEO today or fill out a contact form on our website to schedule a free assessment of your business. We’ll perform an in-depth analysis of your organization, so we know exactly what you need in a PEO.
Once we know what your company needs to be able to reach the next level of success, we’ll provide you with a carefully curated selection of PEOs that are guaranteed to get you there.