Business owners want to focus on their products or services but often find themselves using most of their time and energy on the absolutely necessary administrative tasks that keep their businesses operating. NetPEO can relieve business owners of these tasks, such as payroll management, hiring and training, securing benefits packages, and other human-resources responsibilities, by facilitating a co-employment relationship between that business and a professional employer organization (PEO).
What Is Co-Employment?
Under a co-employment relationship, your employees essentially have two employers. You, as the business owner, are their primary employer. The PEO is also their legal employer, and this status allows the PEO to take on an administrative role, overseeing the human resource (HR) elements of the business.
Though the PEO is a co-employer, you do not lose authority. You are still the one to make the important business decisions and manage your employees day-to-day.
With a NetPEO broker, you and your PEO partner will draft a co-employment agreement ensuring each party knows its role and the limits of that role. As the business owner, you decide which responsibilities to outsource and put under the PEO’s oversight.
Is Partnering with a Miami PEO Safe?
Partnering with the right PEO is not only safe but beneficial. Partnering with the wrong, or a less reputable, PEO is not a good business decision. When you use NetPEO’s services to connect with a PEO, you can rest assured the subsequent partnership will represent a great business decision.
NetPEO is not a PEO. It is a PEO brokerage with a vast network of potential co-employers ready to manage your HR needs. Our team is dedicated to connecting small and mid-sized businesses with Miami PEO service providers they can trust. Our industry experts have done the research and vetted a national network of verified, reliable, superior-quality PEO partners.
How a PEO Partnership Brings Security
Partnering with a NetPEO-verified PEO protects your business. Regulations for small and mid-sized business owners, especially regarding health insurance requirements, can be a challenge to understand and follow as they undergo changes somewhat consistently.
A PEO co-employer takes this stressful and often frustrating responsibility off your shoulders. And by handling compliance issues for you reduces your risk of facing non-compliance penalties.
What Benefits Do Miami Insurance Services Offer Your Business?
Small business owners face a tough challenge in attracting high-quality employees. Often, these businesses just cannot compete with the health insurance and benefits packages larger companies can afford to offer their employees. If the small business owner does manage to secure good workers, once those workers gain valuable experience and become more marketable, they are quick to seek positions with more substantial benefits.
When small businesses partner with a PEO recommended by NetPEO, that benefits competition becomes much more equal. PEOs partner with multiple small businesses and all of those small business employees fall under that PEO umbrella. With so many more employees, the PEO has greater bargaining power and can afford high-quality benefits packages without breaking the small business or the employees’ individual budgets.
Better insurance offerings will help your small business attract and keep these high-quality employees, saving you hours in hiring and training and allowing your employees to grow along with your business.
Why Is a Miami PEO Partnership Better than an HR Outsourcing Service?
You might wonder why you should consider a co-employment relationship rather than just outsource your administrative needs to a human resources outsourcing (HRO) service. If you take the HRO approach, you are just contracting your administrative work to another organization. The HRO could take care of your HR needs, but they cannot empower your business or handle every issue that arises.
A PEO, on the other hand, can bring you into their benefits network and does not face limits on the HR issues they can handle as they are legal co-employers of your workers.
How NetPEO Makes the Right Connection
NetPEO prides itself on customer satisfaction. We honor your trust and want to see your business thrive.
To determine your business needs and get a solid understanding of your vision, your NetPEO broker will offer you a free and comprehensive consultation. Your broker will then compare your needs and vision against our PEO network to determine which partnerships can benefit you most. Then, you evaluate these potential partners and choose the one that seems best for you.
Once you have made your decision, your NetPEO broker will continue to work with you and your Miami PEO service provider on creating the terms of your co-employment arrangement and will help you as you transition into this new business structure. Even after you have an established agreement, NetPEO will maintain regular communication to ensure your continued satisfaction.
What HR Responsibilities Does a Miami PEO Insurance Services Provider Assume?
You will decide which responsibilities your co-employer will oversee as part of your co-employment agreement. Some business owners outsource all HR tasks to the PEO, while others follow a more selective approach.
Whatever you decide, among other tasks, the PEO can assume responsibility for the following:
- Payroll and Accounting: Keeping up with employee wages and personal time off, processing payroll taxes, and balancing “the books.”
- Employee Status: Recruiting and completing background checks on possible new hires. Onboarding and training hirees, carrying out employee reviews, and, when necessary, handling employee terminations
- Legal Claims: Navigating workers’ compensation, wrongful termination claims, or other human resources-related claims brought by your workers
- Employee Benefits: Negotiating and securing competitive benefits packages
- Compliance: Ensuring compliance with laws and regulations governing small and mid-sized businesses
NetPEO Can Help You Keep Your Focus Where It Belongs: Your Business
Businesses that do not keep up with administrative responsibilities cannot survive. When a business owner does not have enough time to focus on growing the business because of those administrative tasks, the business will not survive. NetPEO can help you keep your focus on growing your business without letting essential administrative duties go unfulfilled.
Contact us today to schedule a free consultation with an attentive NetPEO broker who will find the Miami PEO insurance services provider that is right for you.