Human Resource (HR) challenges can limit your business’ long-term growth potential. Business owners can spend a lot of time fulfilling their HR responsibilities while overlooking other key revenue-generating opportunities. By partnering with a reputable professional employer organization (PEO) like a Georgia employee leasing company, you can decrease the time you need to spend on HR activities such as handling payroll and employee benefits.
Many PEO companies claim to offer comprehensive services, but they often only offer one or two services. NetPEO provides client-focused services to meet all your HR outsourcing needs. We will perform an in-depth assessment of your business to understand your needs, enabling us to tailor our services for you.
What Is a PEO?
According to the National Association of Professional Employer Organizations (NAPEO), a PEO is an employee leasing company that enters into a joint employment contract with an employer to provide them with comprehensive HR solutions. When you accept the workforce from a PEO, you and your provider share and manage HR-related responsibilities and liabilities.
Partnering with a PEO allows you to outsource several HR processes, including:
- Payroll administration
- Employee benefits
- Employment taxes
- Workers’ compensation insurance
How a PEO Works
The partnership that you will create between your business and a PEO is called a co-employment relationship. A Georgia employee leasing company would become the legally recognized employer of your employees and take responsibility for specific HR administration tasks. Depending on the contract, you can opt for limited PEO services or outsource your entire HR function.
When you enter a contract with a PEO, you retain complete ownership of your company. Our role is to provide solutions for the employee-related aspects of your business. We offer value by decreasing the time you need to spend on HR-related tasks so that you can focus on other critical business operations.
Services for Small Businesses
Small and mid-sized businesses often rely on PEOs to offer strategic HR management so they can channel their attention toward other core competencies, such as creating, enhancing, and marketing their products. PEO services can benefit your small business in several ways.
Reducing Employer Liability
Entering a co-employment relationship with a Georgia employee leasing company means you transfer your HR responsibilities to them, thus alleviating your liability as an employer. NetPEO provides you with support and guidance when unexpected events occur.
NetPEO holds workers’ compensation and employment practices liability insurance, which covers you against claims from and lawsuits brought by your employees. As a certified PEO, we also provide tax liability coverage and cover defense costs and other expenses if an employee sues you.
Going Beyond Workforce Administration
With our PEO solutions, you get data analytics and benchmarking services that provide valuable insights into your workforce for effective HR management. You can leverage this information to streamline your HR processes and ensure that you have no concerns related to employee remuneration, talent acquisition, employee-deficient departments, or employee turnover.
Why Enter into a PEO Relationship?
The NAPEO showed that approximately 15% (173,000) of small and mid-sized companies use PEO companies and noted that companies who entered into a PEO contract grew up to 9% faster and had 0%–14% less employee turnover. With NetPEO’s professional and strategic HR guidance, you can take your business to the next level. We will alleviate your HR management stress so you can focus on other aspects of your business, knowing that we are competently managing your HR.
PEO solutions can help you in the following ways:
- Payroll and employment-tax management
- Regulation compliance
- Employee benefit administration
- Human resource support
- Risk and safety management
- Talent management
Choosing the Right PEO Service for Your Business
Every business implements its HR administration practices differently, and PEOs come in different sizes and offer a wide range of services to meet their clients’ needs. Therefore, it is critical to know what to look for when choosing a PEO for your company.
A quality PEO should offer access to a wide range of services, including:
- Workforce administration
- Employee benefit and liability management
- Payroll and tax administration
- Workers’ compensation insurance
- Risk management consulting services
Industry Understanding and Experience
While some PEOs are generalists, serving businesses across various sectors, others only focus on a single industry and therefore understand the risks related to that industry and the common claims filed by employees in the industry. NetPEO is a seasoned, regional PEO with experience in serving small and mid-sized businesses throughout Georgia. We offer a wide range of services to meet your workforce management needs.
Flexibility During Downsizing
It is critical to understand that PEOs often set a minimum employment threshold and crossing this threshold voids your agreement. At NetPEO, our representatives will work with you during a transition and even change your contract to suit your new HR needs. When you choose to use our employee leasing services, you will be working with a co-employment partner that is flexible and can accommodate your business, even when you need to downsize your HR.
IRS Certified PEOs
Employee tax management is a primary role of a PEO. Under IRS code, a certified PEO has the authority to collect and remit federal employment taxes for staff wages under a registered employer identification number.
If you partner with a non-certified PEO, which can collect tax but is not able to pay taxes, your company could be liable for unpaid taxes. Hence, it’s crucial to confirm that your provider is IRS-certified and allows the IRS to assess its tax records to ensure it submits all the payroll taxes for the client.
NetPEO is an IRS-certified PEO with a strong track record in employment tax remittance and compliance with the requirements for tax status, experience, financial reporting, work background, and more. We gladly take the responsibility of covering payroll taxes on our clients’ behalf.
NetPEO is a thought leader in the Georgia PEO sector, constantly researching innovative and business-driven strategies to solve your HR administration concerns. We can provide HR guidance to help your company achieve its goals. We are dedicated to helping you grow your business, even if it means brokering PEO services for your company.
If you are facing challenges with your HR administration, contact us today. Our professionals will conduct an initial needs analysis to understand your HR concerns and either team you up with our PEO professionals or leverage our extensive network of reputable providers to identify the best PEO for you.