Starting a company from scratch in Centennial State might take a lot of work. Your company may succeed beyond your wildest dreams with some good fortune and some effort. But with expansion comes new difficulties.
When expanding your workforce to meet demand, you’ll need to devote more time to administrative tasks like payroll and human resources record keeping. It might seem like you spend more time crunching numbers than operating your company if you’re a busy business owner without a formal degree or training in accounting.
Many Colorado SMBs choose PEOs for help with human resources and accounting issues. Your business will benefit by collaborating with a PEO broker in Colorado.
A Colorado PEO Broker Can Help Your Business
When you connect with a PEO broker, your search for a PEO should be as frictionless as possible. According to recent industry data, numerous PEOs are currently operating in the United States. This makes it challenging to focus your search on those who can satisfy your unique business requirements, are familiar with Colorado law, and fall within your budget.
How the Process Works
NetPEO is your trusted Colorado PEO broker. It starts by conducting a needs analysis. The interview’s main objective is to ascertain the crucial needs of your business.
Our PEO brokers will get to know your company’s inner workings and what you hope to gain from partnering with a PEO. After doing an in-depth requirements assessment, we consult with our dependable PEO partners. Our connections span the country, but we work closely with those we know can meet your company’s requirements.
We’ll compile a list of PEOs that are a good fit for your company, and then you can pick and choose which ones to contact about your HR outsourcing requirements. You won’t have to manage the communication on your own. Our PEO brokers will serve as a point of contact even as you move on to discussing the specifics of your co-employment arrangement.
NetPEO’s Colorado PEO brokers are committed to helping you choose the best PEO for your business and will continue to do so even after you’ve signed up with your new partner. We conduct frequent surveys to ensure that your PEO can keep up with your expanding company’s demands.
What if I’m Unhappy with the PEO Match?
Our number one priority is making sure you’re content, so if there’s ever a problem, we’ll be here to assist you in fixing it If your company’s HR outsourcing requirements change since you first contacted us. We’ll even assist you in finding a new PEO.
How Can a Colorado PEO Service Help You?
Many positive outcomes may result from a company’s collaboration with a PEO. Outsourcing the hassles of payroll and personnel administration allows business owners to focus on running their companies.
Having a PEO take care of all these administrative tasks allows a business owner to concentrate on growing the company. Other PEO Benefits include:
- Lower State Unemployment Tax Assessments (SUTA). PEOs may be able to provide their clients with a lower SUTA than they would be able to get on their own.
- Benefits provided by PEOs are of a higher quality and more cost-effective for businesses, allowing them to attract and retain the finest personnel.
- Businesses in Colorado can reduce their workers’ compensation insurance costs by 15-25% by using a PEO. There is no need for upfront costs, insurance fees, or yearly audits since workers’ compcompensation premiums are automatically deducted from paychecks every week or two.
- By handling payroll, benefits, and retirement plans and ensuring a secure workplace, PEOs provide peace of mind for business owners and their staff.
How does a PEO Arrangement Work?
PEO clients are considered co-employees by the PEO. Working with a PEO allows your business to outsource HR tasks like payroll, tax filing, risk management, and benefits administration to an outside party. Your company’s day-to-day activities, such as recruiting, training, and scheduling, continue unabated, and you retain full management authority.
Navigating Colorado Workers’ Compcompensation Costs with a PEO
Cost savings on workers’ compensation insurance is a major incentive for business owners to work with a PEO. According to many employers, running a business is one of the most expensive aspects. The advantages of PEO-provided workers’ compensation are numerous:
- Spending nothing upfront
- Zero audits
- Discounts of up to 40% off the standard state insurance premiums
- Programs for risk analysis and safety
- Re-employment assistance plans
- Certificates of insurance issued quickly
- OSHA standards compliance
Contact NetPEO for Help Finding a PEO Broker in Colorado
Companies outsource to save costs and free up employees to work on other, higher-priority projects. If you’re looking for a human resources solution, choose NetPEO might be the best choice you make.
PEOs often provide their customers with a limited number of employee leasing and payroll services. However, NetPEO has solutions for any of your outsourcing requirements. Before we provide any of the many services, we always undertake a needs assessment to grasp the scenario fully.
We care for your issues so you can rest easy. We stand alone as the Colorado PEO brokerage that offers a 100% satisfaction guarantee. Find out how we can help your Colorado company with a free consultation.