Choosing a PEO is a confusing process if you do it on your own. New business owners flush with success soon realize that they need HR services to keep up with the growth. Sadly, there are PEOs out there that will take advantage of your needs and lock you into bad contracts.
Using one of our PEO brokers in Massachusetts will protect your business from questionable professional employment organizations and unethical HR outsourcing firms. It’s a free service to you, and it can help you secure better deals than searching on your own.
Why Use a PEO Broker in Massachusetts?
A PEO broker in Massachusetts matches businesses with suitable PEOs for their industry, human resource needs, budget, and business size. We can get multiple quotes from the PEOs in our network easily, and for a cheaper price.
Why is it cheaper? First, because we can ask for just the right services you need at your stage of growth. Second, because it’s in the interest of our network partners to provide the best prices possible because they know we can turn to someone else if they try to overbid.
Why Work With a Massachusetts PEO at All?
A PEO, or professional employment organization, is an invaluable tool for growing businesses in Massachusetts. PEOs provide HR, compliance, and benefits to companies who cannot afford or do not need a full-time HR staff.
As you grow and keep hiring, eventually you’ll run into compliance issues. You might have to offer health insurance or provide other benefits, or do additional reporting. Failing compliance could hit your business with heavy fines.
On the other hand, a PEO can make it far cheaper to offer your employees benefits than doing it on their own. A PEO can pool all their clients together to get a better rate from insurers. Better benefits means you can attract better talent and accelerate your growth.
How Does the PEO Brokerage Process Work?
It’s simple. First, contact us to set up a consultation. We’ll ask questions about your business and narrow down our PEO network to the ones that fit your needs. We explain how they work, how they get paid, and all other details to help you make an informed decision.
Once you choose a PEO, we will connect you with the PEO and help you get set up with them. After the partnership is complete and operational, we check in to make sure the relationship is going well. If it isn’t, we’ll ask why and, if necessary, help you find a different PEO based on your experience.
Even if you have an existing PEO, we can help you find a better one. We have an extremely high client satisfaction rate and we hope to keep it high by providing you with the best PEO brokerage services in Massachusetts.
How Does the PEO Agreement Work?
Most PEOs operate through a co-employment agreement. This gives them the access to your company information they need to do their end of the bargain. They’ll need info about your payroll, employee data, and similar HR data.
There will be a period of integration between you and the PEO where each side meshes with the other. This can take anywhere from 30-90 days, depending on the exact agreement and your needs. We will check in every so often to make sure this process is going smoothly.
Paying your PEO depends on your agreement. Usually, they will either take a percentage of your total payroll each month or they will ask for a flat fee. Depending on your labor force, each side has its pros and cons.
How Do I Decide On A Massachusetts PEO?
Besides working with your Massachusetts PEO broker, check to see which member organizations they are part of. A good sign is if the PEO is a member of the National Association of Professional Employer Organizations (NAPEO.)
Your PEO broker will also get copies of their service agreements and help you go through the fine print. Hiring any PEO requires letting go of some aspects of your business, so you need to know what each side’s responsibilities will be.
However, you want to ensure you’re not working with a predatory PEO that practices “scooping,” where a PEO takes a percentage of pre-tax payroll rather than post-tax payroll. While this practice is legal, it is unethical. It’s okay to ask a PEO up front how they stop this in their companies.
Call Our Massachusetts PEO Brokers Today
NetPEO is ready to bring your business to the next level through hiring the best PEO for your situation. Remember, this is an absolutely free service to you. We can draw on a nationwide network of PEOs to bring you the best options.
Call one of our PEO brokers in Massachusetts to get started, or use our contact form to set up an appointment. Don’t wait until you’re facing compliance issues to get started!