As a business owner, there are two things that you’re always looking to increase: time and money. The more time and money you save, the more productive your business will be. At the same time, you want to ensure that your employees are cared for.
If you don’t want to choose between productivity and employee retention, you should consider partnering with a California PEO.
How a California PEO Can Help You
PEO companies are companies that outsource human resources tasks. These tasks include payroll, benefits administration, compliance, and talent management.
When you partner with a California PEO, the company can outsource all or some of these tasks. This allows you to focus on the more pressing needs of your business.
California PEOs also work with small businesses. Small businesses are the business owners who partner with PEOs the most.
Benefits of Working with a California PEO
There are several benefits to working with a California PEO, including increased peace of mind, lower cost of employee benefits, an increase in productivity, and employee satisfaction. For these reasons alone you should consider working with NetPEO in California as soon as possible.
Peace of Mind
As a business owner, you shouldn’t have to worry about the routine tasks of your business. Your time, money, and energy should be spent expanding your business. Working with a PEO will allow you to scale your business to whatever level you want.
The PEO company will handle the administrative tasks of your business and ensure that everything is running as it should. You don’t have to worry about handling unexpected issues with employees when you have a PEO who can handle those issues for you.
Lower Cost of Employee Benefits
PEOs have access to cost-effective benefits for employees. It can be expensive – especially for small business owners – who want to provide these same employee benefits. Because PEOs manage hundreds to thousands of employees, they can provide access to employee-sponsored benefit plans like medical, dental, and vision coverage.
Even better, the PEO will handle the related administrative tasks with these plans. They will negotiate with carriers and enroll the employees into these plans. PEOs can also deal with the costly consequences that come with employees.
It can be expensive for a small business owner to replace an employee who’s moved on. The PEO you partner with can handle the hiring and onboarding process for you. This is a more cost-effective option than hiring someone from the outside to handle these tasks for you.
Increase in Productivity
With the legal and administrative tasks taken care of, you have time and money to spend on becoming more productive. Instead of worrying about payroll, employee retention, and potential lawsuits, you can focus on creating a better experience for your customers.
You can think of new ways to market your product or service to your customers. Instead of feeling anchored down by the administrative tasks of your business, you can focus on the tasks that will help your business grow.
More importantly, your employees will be satisfied with the benefits offered when you work with a PEO. Employees are likely to stay in a working environment with the best conditions. One of the most important factors that determine whether an employee stays is the benefits they are offered.
That is why the benefit packages offered by PEOs are crucial. In addition to benefit packages, some PEOs offer training programs that can make a good first impression on employees. The happier employees are with their working situation, the longer they stay. Working with a PEO can help you maintain valuable employees in your business.
How a California PEO Partnership Works
Some business owners are concerned about losing control when they partner with a PEO. But that’s not the case. When you partner with a California PEO, you enter into a co-employment arrangement.
In a co-employment arrangement, you still have control of the direction and decisions in your business. You grant legal permission to the PEO to handle any responsibilities you assign them. If you want to assign all administrative tasks to the PEO, you can do so, but if you want to assign specific tasks to the PEO, you also have that option.
Either way, you would be known as the “Executive” or “Worksite Employer.” The PEO will be assigned the “Employer of Record.” Once the PEO has been assigned the “Employer of Record,” they have the legal right to carry out whatever tasks have been assigned to them in your agreement.
Choosing the Right PEO for Your Business
Now that you know how a PEO can help you, there’s another issue you need to resolve. You need to determine which PEO is the right one for your business.
This is where NetPEO comes in. At NetPEO, we are a PEO and a brokerage firm. We can connect you to the best PEO for your business.
Not all PEOs offer the same services. Some offer a few employee benefits services, while others offer all of the services you need. Our company can provide a needs assessment and perform the necessary legwork for your business.
Providing Several Options for Your Business
Based on the needs of your business, we can provide several solutions that will benefit you. We can offer our services to your business if it is the best solution. We can also connect you to other qualified providers to meet your needs.
After giving you a few options, we can review the selections and determine the best PEO for your business’s needs. We can also consult with you on creating your co-employment and remain involved throughout the PEO partnership.
Contact Us Today to Discuss PEO Solutions for Your Business
At NetPEO, we can help you design the best PEO partnership for your business.
Our services are always free to you. We are here to help you find the right PEO solutions for your business, regardless of their size.
Contact us online to discuss your PEO needs today.