With today’s low unemployment rate, it can be a challenge for smaller companies to attract top talent. Many times, that’s because the candidate also has an offer from a larger company that offers a better benefits package with more perks. This may have happened to you. You thought you had a great candidate for the job, but then they took another offer. What if we told you that you could offer current and prospective employees a better benefits package without breaking the bank? It’s true. You can do this by partnering with a Colorado Springs professional employer organization (PEO) company like NetPEO. PEOs work with your organization through a legal arrangement called co-employment.
While you remain an employer of your employees and keep day to day control of your business, the PEO is also listed legally as an employer of record for your employees. This gives the PEO the legal authority to manage a variety of your HR services, such as handling payroll, supplying employee benefits packages, and more.
Benefits of Outsourcing Your HR Needs to a PEO
Outsourcing your human resources needs to a PEO provides a number of benefits, from reduced costs to access to specialized expertise on payroll, taxes, benefits management, workers’ compensation and more. Outsourcing the paperwork and headaches associated with your company’s human resources needs lets you focus on your business instead of making sure everyone gets paid on time. Besides getting your valuable time back you get:
Increased Bargaining Power
Since a PEO often partners with several businesses, our employee pool is much larger than any single company’s. This means that we have much more bargaining power when it comes to getting a great employee benefits package. A PEO can provide your employees with top-tier benefits at prices that are some of the best in the industry.
More In-Depth HR Services
As an employer of record for your employees, a PEO has the ability to provide more in-depth services than when you outsource just a couple of services with a Colorado Springs HR outsourcing company. An HR outsourcing company can provide you with certain a la carte administrative services. However, when you partner with a PEO, you get many more services due to its status as a joint employer.
You’re Still in Control
While you might balk at the term “co-employment,” seeing it as a threat to your ability to control your company and the direction it’s headed, the reality is that as the business owner in a co-employment relationship, you are the CEO. The chief executive officer has the power to:
- Dictate the HR services the PEO provides
- Have the final say in all decisions
- Maintain control over the direction of the company
Related: Denver Colorado NetPEO Services
Save Money and Have Happier Employees
Co-employment with a PEO often costs less than hiring a full-time, in-house human resources director. Plus, with the range of high quality, reliable HR services you can get from a PEO, employees are often happier and tend to stay with the company for a longer amount of time. This can save you money by cutting down on costly employee turnover rates.
Services a PEO Provides
The NetPEO PEO provides you with a full range of human resources services. If your Colorado Springs organization is looking for HR solutions, you can enter into a co-employment relationship with our PEO and get access to top level HR services, including (but not limited to) the following:
- Payroll Administration
- Management of Employee Benefits
- Handling of Workers’ Compensation Claims
- Compliance with Federal and Colorado State Labor Laws
- General Human Resources Administration
At NetPEO, we have decades of combined experience providing PEO and HR outsourcing solutions to clients across the country, including Colorado Springs, CO. We can help lower your overall risk by using our expertise and knowledge of all things HR.
Learn More About Partnering With a Colorado Springs PEO Company
Our team of HR experts founded NetPEO with the goal of becoming the best HR outsourcing and PEO company around. We provide a range of quality HR services at affordable prices. We can understand your HR needs and will work hard to provide customer service that exceeds your expectations…
If you would like to learn more about the possibility of entering into a co-employment agreement with a Colorado Springs professional employer organization, get in touch with us today by filling out the form on our PEO contact page. One of our representatives will contact you within 24 to 48 hours with a FREE quote on our services.