Handling your employee administration tasks on your own can quickly become a drain on your time and resources. By working with a Duluth PEO company, you can cut down on the time needed to take care of PEO tasks, improve overall efficiency, and experience considerable cost savings.
What a PEO Company in Duluth Can Do for You
A PEO company can take over many of the tasks required to manage your employees and their benefits. In addition, as a PEO, we can help improve cost savings. Choose the benefits and services you need
Offer Better Benefits
Often, bigger companies are able to negotiate better benefits packages for their employees. Unfortunately, as a small organization, you may not be able to offer those same benefits, which could result in overall employee dissatisfaction. When you work with a Duluth PEO, on the other hand, you’ll get access to those more affordable benefits.
Keeping up with compliance as it relates to labor and employment laws can be an ongoing struggle for many employees. Our Duluth PEO knows the laws as they relate to overall compliance and ensures that your business remains in compliance each time you interact with your employees, from setting up their benefits to offering the right payroll structure for your employees.
Dealing with payroll can take a lot of time and energy out of your day. Often, small business owners find themselves taking care of those tasks themselves, since they may not have the means or the need to hire someone just to take care of payroll. By choosing a Duluth PEO, you can make that process simple.
You automate payroll reporting on your side. The company takes care of the rest. With a few simple clicks, you can take care of payroll each week and have the assurance that everything will be handled correctly.
Having the right technology on hand can make things simpler for both you and your employees. From reporting their hours to selecting their benefits, employees need access to employee management technology that can help enhance those processes. When you work with a Duluth PEO provider, your employees will have the access they need to those tools without an expensive investment on your part.
Signs You Need a Duluth PEO
On the fence about whether a PEO will benefit your business? Take a look at these signs you may need a PEO.
1. You Have Incomplete Employee Paperwork
Employee paperwork helps lay out the key details about your employees, from their tax information to their preferred benefits. Unfortunately, incomplete paperwork can lead to unexpected headaches down the line, including potentially expensive fines as you try to get your employees’ taxes paid. A PEO can help ensure that all that employee paperwork is filled out correctly and that you have all the details you need regarding your employees.
2. You Want (or Need) to Offer Better Benefits
Offering a competitive benefits package can prove critical to ensuring long-term employee satisfaction and bringing in new employees to fill your open roles. Unfortunately, many small employers simply do not have the resources to offer those competitive benefits packages.
When you partner with a PEO, on the other hand, you’ll get access to those highly competitive benefits, which means that you’ll be able to offer those deals to your employees.
3. You Struggle to Keep Up with Enrollment Periods
How long does a new employee have to enroll with your benefits provider when they come on board? When do you need to put out benefits materials for employees? All of those details can add up fast, and unfortunately, it doesn’t take long for them to start falling through the cracks.
Worse, all too often, employees who do not enroll in time may miss open enrollment in the marketplace, leaving them unexpectedly without benefits. With a PEO, you can more effectively keep up with enrollment periods, including those necessary for new employees, and ensure that all employees are aware of their benefits options.
4. You Have Unexpectedly Suffered from Compliance Violations
Labor law compliance violations can mean expensive fines for your business. If you discover compliance violations the hard way, generally because they have been reported, you may have a lot of trouble straightening things out. A PEO can help decrease the risk that you will end up facing devastating compliance violations.
5. You Have High Employee Turnover
Some employee turnover is normal. However, if you notice that you regularly have to replace a large percentage of your team, it could be because you aren’t offering a benefits and compensation package that motivates your employees. As your organization grows, you may need to offer better benefits and more employee assistance, which a PEO can help provide.
6. You do Not Have Time for Employee Management
It doesn’t take long for the “little things” to start falling through the cracks, especially if your business is in a period of heavy growth. Unfortunately, when you let things like employee benefits, payroll, or employee data slide, it can take a long time to pull them back–and it may end up costing your business more than anticipated. A PEO can help collect important employee data, provide you with vital insights, and ensure that your employees have the support you need.
7. Payroll Takes Too Long
Do you find yourself struggling with overall payroll management? Do you have inadequate time to deal with all of those challenges? If so, it may be that bringing in a Duluth PEO can help streamline your employee management tasks and free up your time to deal with other things.
Contact a Duluth PEO Today
It’s time to offer your employees better benefits, provide better support, and keep up with all the relevant data regarding your employees. Contact a Duluth PEO today to start streamlining basic employee management tasks.