As a small business owner, you want to focus on the growth and direction of your company. But that can be hard when a significant part of your day is taken up by tasks that a larger organization would be able to delegate to the HR department.
If you want to take some of the weight off your shoulders, consider partnering with a professional employer organization (PEO). A PEO partnership will allow you to outsource HR, accounting, and financial services. A Columbia PEO broker can find you a partnership that will save valuable time and resources.
What Is Co-Employment?
When you partner with a PEO, your relationship falls under a legal provision known as “co-employment.” Some executives are put off by this label because they worry that they’ll be giving up control over their business, but that isn’t the case. Co-employment status allows you to delegate tasks to your PEO and at no time do you cede control of your company.
As a business leader in a co-employment relationship with a PEO you have the authority to:
- Decide which services the PEO handles
- Control the trajectory of the company
- Have the final say on all major decisions
A Columbia PEO broker can find you a partnership that empowers you to be the best business leader you can be.
Advantages of PEO Partnership
As your PEO broker, it’s our job to find you a partnership that fits the unique needs of your business. We want to give you exactly what you need in a PEO, which means you’ll be able to pick and choose which services you want to outsource. Here are some of the advantages of outsourcing to a PEO:
Access to High Quality Benefits
Providing an exceptional benefits package for your employees can be a challenge for new businesses. A PEO can help you craft and administer the second-to-none employee benefits package your staff deserves. When you partner with a PEO, your employees become part of a much larger pool of workers. This gives them access to first-rate benefits including:
- Retirement plans
- Tuition reimbursement
Your PEO broker in Columbia, SC, will help you find a PEO that can offer benefits that make your hard working employees feel valued.
Outsourcing Human Resources
Partnering with a PEO can save you time and money you would normally allocate to hiring and managing a human resources department. A PEO can handle all your HR needs including:
- Performance management
- Creating training materials
- Employee terminations
Help With Payroll Management
A Columbia PEO broker can find you a PEO that takes care of all your payroll responsibilities. A PEO can handle everything from employee payment to accurate bookkeeping. They’ll make sure your workers receive their paychecks, pay stubs, and tax documents all in a timely manner. In addition, they’ll provide you with up to date reports and resolve any payroll issues.
Assistance With Workers’ Comp Claims
As a business owner, you know how time consuming and stressful it can be to deal with discrimination, wrongful termination, and workers’ compensation claims. A PEO can help you decrease the likelihood of these claims and manage them if they do arise.
Compliance With Regulations
As a business owner in Columbia, SC, you’re aware of the complicated federal and state regulations for businesses. A PEO can help you stay on track with government deadlines and ensure you won’t have to pay legal penalties for non-compliance. NetPEO can find you a provider that will manage all your legal compliance needs, including filing state and federal taxes.
A PEO Partnership Can Help You Expand Your Business
PEO partnerships are perfect for growing businesses because they’re much less expensive than hiring in-house. One of our PEO brokers in Columbia, SC, can connect you with a PEO best suited to manage the services you need to outsource. With all those time-consuming tasks taken off your agenda, you can concentrate on what matters most to you and your company.
Once we’ve found you the best PEO for your business, you’ll be able to focus on building your business and growing in the direction you’ve always envisioned. You won’t believe how much you’ll be able to get done when your resources aren’t constantly being leeched by processes that are better off outsourced.
Partnering with a PEO and outsourcing departments like payroll, HR, and accounting is much cheaper than hiring all those employees in-house. A PEO can also save you money on turnover rates.
PEO Partnerships Are a Smart Choice for Any Type of Business
PEOs are exceptionally efficient and dependable, which is what makes them such a popular business solution among many industries. Business owners love PEOs because they help them save money, reduce likelihood of liability, and allow them to expand their business into new frontiers. PEO partnerships are commonplace in the following industries:
What to Expect When Working With a PEO Broker in Columbia
Finding a PEO that’s compatible with the unique needs of your business is our main goal. When you hire a PEO broker in Columbia, SC, they’ll start by performing a detailed review of your company. This will help them understand what your business requires from a PEO partnership so they can find the best one.
At NetPEO, we have access to a myriad of reliable PEOs, so we’ll likely find you a trustworthy and adaptable PEO that can fit the needs of your organization. We ensure you’ll be satisfied with your new partnership, as we only work with the best PEOs in the business.
Schedule a Free Assessment of Your Business Today
Your Columbia, SC, PEO broker is committed to finding you a reliable PEO with the resources to take your business to the next level. Call NetPEO today or fill out a contact form on our website to schedule a free assessment of your business.
Once we know what your business needs to run as efficiently as possible, we’ll provide you with a handpicked catalog of providers to choose from as well as the cost estimates for each partnership.