When companies are just starting out or are looking to expand their business, they may encounter various roadblocks when it comes to their accounting systems, human resource tasks, and compliance issues. These problems can not only create staffing issues for companies, but they can even hinder the company’s growth.
Fortunately, with the assistance of a professional employer organization (PEO), your company will not have to take on these challenges on its own. Instead, you can outsource these tasks with the support of a Columbus PEO Broker at NetPEO, who can help you not only reclaim your time but allow you to focus on tasks that are most important to your business.
What Is a PEO?
A professional employer organization is basically an outsourcing firm that provides services to other businesses. The PEO will enter into a joint-employment relationship with a company by leasing its staff to a company and allowing the PEO to share and manage many employee-related responsibilities and liabilities.
These PEOs do not only manage a company’s benefits, payroll, and other HR responsibilities but can often reduce the costs related to administering these benefits, streamlining payroll operations, and hiring international employees.
However, while the PEO is a separate business, under this arrangement, the relationship between the two will be known as “co-employment,” meaning that the company will remain in control of the business, retaining the power to make firing and hiring decisions and manage its workers. The PEO, on the other hand, will act as if it is the employee’s employer for specific purposes only, such as administering payroll and benefits.
Services Provided by a PEO in Columbus
When companies in Columbus use a PEO, they can rest assured they have skilled professionals helping them meet their goals and allowing them the time they need to handle the critical tasks that can help their business succeed, such as:
A PEO can help clients calculate tax contributions, make direct deposits, and handle other issues related to payroll, such as:
- Balancing the company’s books
- Handing out paychecks on time
- Preparing the company’s expense reports
- Monitoring work time
- Tracking benefits and PTO
In addition, when you work with a PEO, these organizations can also ensure that your payroll is under control and that problems are taken care of promptly. This can ultimately provide you with an organized and reliable system that can leave your employees more satisfied with your business.
Dealing with Compliance Problems
Companies have their own policies to reduce a company’s risk of lawsuits, provide some structure, and establish expectations on how to handle certain workplace situations. This can make sure that employees are able to work in a safe working environment.
While the ideas behind these policies are good, implementing them may be a complex process for some businesses. Thankfully, when you work with a Columbus PEO, you will not have to deal with these compliance issues alone. Rather, the PEO can help your company create new policies, make sure they are implemented correctly, and help your business thrive while still ensuring the policies comply with federal guidelines.
A PEO can help you get access to better benefits packages at much lower prices. This means you can finally offer your employees full vision, dental, and medical care, as well as countless other perks.
These PEOs can also handle tasks related to the company’s benefits administration, such as managing, creating, and administering these benefits to employees, including PTO, health insurance, and 401k plans.
As a result, when your business works with a PEO, not only can you expect the organization to help boost company morale and give your company a competitive edge, but it can even help you retain employees and bring in new talent that your company needs.
Providing Training and Hiring Help
When a company has to onboard new employees, the process can result in a lot of stress and headaches for the company. That is why these companies frequently outsource these tasks to PEOs.
These PEOs can provide a business with new hire support by helping them onboard prospective employees and recruiting potential talent. The PEO can also help new employees get settled in the company and provide them with the resources they require to meet their goals.
The Benefits of Working with NetPEO
While a PEO can offer a business numerous advantages, many companies are still hesitant about enlisting their help because they do not fully understand the benefits of working with them or what they need to do to enlist these services.
Fortunately, at NetPEO, we make getting the clarification you need easy. For instance, when you work with NetPEO, we can:
- Perform a thorough analysis of your company, determine what your company’s specific demands are, and figure out how a PEO can assist you.
- Help you find the PEO partner that can be the perfect fit for your business.
- Provide you with valuable resources throughout your PEO relationship, ensuring your problems are addressed, your questions are answered, and you get the assistance you need throughout the whole PEO process.
- Ensure you are in full compliance with Obamacare and other regulations.
- Help you eliminate the risk of hiring a PEO because our PEO brokers will only connect you with PEO services providers that are experts in their industry.
Contact NetPEO Today for a Free Quote
If you have questions regarding the PEO process or want to know how a Columbus PEO broker can help your business, do not wait to get the answers you require. Instead, contact us today for a free quote on our services. One of our representatives will get back to you within 24 to 48 hours to provide you with the information you need and show you how a PEO can help set your company up for success.