Companies know that to find and retain the best talent, they need to be able to compete with industry leaders, especially when it comes to the benefits they offer. Unfortunately, for many small organizations, providing the best benefits is often not feasible due to the compliance issues involved, the cost of providing these benefits, and the difficulties of managing them.
So how can a company in Little Rock compete with larger organizations that have no problem providing employees with these types of benefits? They work with a Little Rock PEO Broker.
What Exactly Is a PEO?
A professional employer organization (PEO) is an organization that enters into a joint-employment relationship with a company, allowing that company to come under its umbrella and get enterprise-level benefits, no matter the size of the business. In fact, these organizations are most useful for companies that are just starting out and still trying to find their stride.
The PEO is a separate entity that operates as the company’s partner, but, under this arrangement, the relationship between the two is known as “co-employment.” This means the client will remain in control of its operations, retaining all the power to make hiring and firing decisions and manage its workers.
However, the PEO will take on other responsibilities, such as human resources and benefits-related duties. This partnership allows both sides to do the aspects of this work that they are best suited for.
How Do PEOs Help Businesses in Little Rock?
The benefits of a PEO for a Little Rock company are numerous. PEO clients immediately get peace of mind that professionals are helping them meet their goals. Additionally, they can free up more time to work on the critical and time-sensitive tasks necessary to keep the company moving forward.
Other benefits of a PEO include:
Saving the Company Money
The primary way a PEO can help an employer is by saving it money. For example, when a company outsources its HR department to a PEO, it no longer has to handle the paperwork involved with paying employees’ salaries and managing their benefits. That equates to lower labor costs for the client and is yet another way that the PEO can produce cost savings for its customers.
Freeing Up Time
HR tasks are critical for a company, but they can take a significant amount of time to complete and usually require a thorough understanding of extensive labor laws. For a small business owner, this can be a considerable burden.
Fortunately, a PEO can handle this task and reduce the burden laid at the feet of a growing business. Instead, company leaders are free to do what is best for their organization like cultivating new partnerships, retaining customers, and working through complex logistical problems.
Matching the Right PEO to the Right Industry
At NetPEO, on-staff professionals include industry veterans with decades of experience who have helped clients in a variety of fields, including:
- Real Estate
This should provide clients with confidence that they have selected the proper partner to work with to handle their bureaucratic tasks.
What Services Can a PEO Company Offer a Little Rock Business?
In general, PEO companies provide administration and human resource management help to businesses of all sizes. These services include:
- Overseeing a company’s payroll administration
- Managing a company’s employee benefits administration (401k plans, PTO, and health insurance)
- Lowering a company’s risk profile
- Handling a company’s workers’ compensation claims
- Improving recruitment strategies and onboarding
How Does NetPEO’s Broker Process Work?
To begin the PEO broker process, NetPEO first hosts an in-depth consultation with a new client to better understand their needs. During this consultation, NetPEO learns about the company’s vision, goals, and the challenges it faces. Based on this conversation and the company’s answers, the team at NetPEO will determine which PEOs are best suited for the organization.
Following the consultation, NetPEO will provide the company with a complete list of skilled and qualified PEOs. From there, the company can review this list, determine who they want to work with, and what specific services they would like to outsource.
To finalize this arrangement and ensure that everything is set up properly, NetPEO will make sure that all the proper documents are prepared and signed. This includes the co-employment agreement, which allows the PEO to access employee documents to perform HR functions.
Is It Safe to Hire a PEO in Little Rock?
Although PEOs can provide companies with numerous benefits, some businesses are still afraid to give them a chance. This is often because they are worried that their private information may be put in jeopardy.
It is a legitimate concern to have given the number of data leaks that have occurred in businesses of all sizes in recent years. However, we are here to tell you that as long as you work with a reputable company, such as NetPEO, you will not have to fear that outcome. There are numerous safeguards in place that prevent the accidental leak of private or confidential data.
NetPEO consulting services ensure that companies are only connected with qualified professionals who can ensure that company information is protected and business operations run smoothly. Plus, when you work with PEO brokers, the staff is not only thoroughly vetted and trained, but we only connect clients to the top experts in the nation’s largest pools of PEOs.
Contact NetPEO Today for Further Information
If you are considering working with a PEO in Little Rock or want to outsource your human resource tasks, but need more information about the process, make sure you contact NetPEO today. Representatives will get back to you quickly to answer all your questions.
Once you decide to proceed, we can start the process of figuring out what type of help your company needs and getting you the resources required to meet your goals.