If you are keen to grow your business, you must attract the most talented employees. This can be difficult for small to mid-sized companies in the state of Minnesota. It can be difficult to compete with large companies and government job offerings since they have the ability to offer better benefits.
A professional employer organization also referred to as a PEO, may be the answer. By partnering with NetPEO in your Minnesota business, you can offer your employees generous benefits packages that will attract the kind of quality employees that will make your company’s productivity thrive. However, that is only the beginning of what NetPEO can do for you.
Services Offered by a Minnesota PEO
A human resources department can be expensive for a small to mid-sized business to maintain, even if they are necessary. This is no cause for despair since partnering with a freelance HR service provider is possible. This is referred to as co-employment.
A PEO functions under the conditions of “co-employment.” This means the co-employer operates similarly to a regular employer when dealing with specific circumstances. As a business owner, you have the power to hire and fire.
Your PEO partner allows us to legally and financially assume liability for numerous human resource services and benefits management. You, the business owner, choose what roles NetPEO fulfills for you.
Outlining How Co-Employment Works
Some business owners are alarmed by the co-employment provision until they have a better understanding of how it works. They fear they are turning over control of a portion of their company. It is important to clear up such misconceptions.
The role of a PEO partner is well-defined. Listed below are some of the details of typical business and PEO partnerships.
As the business owner, you permit the PEO partner to manage assigned duties and tasks. Some of the duties that PEO partners often handle are listed below:
- Handling payroll duties
- Human resources (HR) tasks
- Provision of benefits
- Benefits management
- Withholding taxes
- Handling claims against the business
- Unemployment claims
- Worker’s compensation cases
- Conducting employee reviews
The business owner always retains primary control of the company. The PEO partner works for the benefit of the business. You possess all control over how your business operates and the staff you employ.
What a PEO Company Can Do for You
NetPEO can find a partner for your Minnesota-based business that will fit your company’s specific needs. You can choose how the partnership benefits your business. You may want to outsource all of your human resources administrative duties. Or you may pick and choose the portions you delegate.
There are some definite benefits to working with a PEO partner.
Access to Quality Benefits for Your Employees
Small to medium-sized companies can shop around for quality benefits, but they are rarely affordable. Landing the employees that can benefit the company most is nearly impossible without having a generous benefits package to offer. By partnering with a PEO, you can offer many more benefits.
Some of these benefits include:
- Medical, vision, and dental insurance
- Retirement benefits packages
- Tuition reimbursement
- Employee Assistance Program (EAP)
The administrative work of running a business can be time-consuming and can pull focus from what the business actually offers. By partnering with a PEO with NetPEO, you will no longer be required to perform those tedious tasks.
Minnesota has an array of federal, state, and local laws to which business owners must adhere. These can include filing requirements for the Affordable Care Act (ACA) and similar things.
Your PEO partner will ensure those deadlines are met and that you are able to navigate complex legalities that keep you from doing the work your company is intended to do. Financial or legal penalties will be off of your plate, and your PEO partner will assume responsibility.
One of the most tedious and time-consuming things business owners must deal with is the administrative duties associated with paying employees, withholding taxes, filling out tax forms, bookkeeping, and reporting. You can save yourself the stress by allowing these tedious tasks to be outsourced to your PEO partner.
You will create employee morale when the payroll process is regulated and easy to manage with direct deposit, tax forms that are distributed promptly, pay stubs that are easy to access, and when they always have someone to field their questions and address any issues that may come up.
It allows you, the business owner, to see the reports at a glance but saves time you could spend on other aspects of your business. A PEO partner can enact a strategy to make your business run much more smoothly.
Your Minnesota PEO partner can handle any claims that come the way of the business. This might include the following:
- Unemployment claims
- Worker’s compensation claims
- Wrongful termination allegations
- Discrimination allegations
Your PEO partner understands how to follow the law to ensure that you are protected from liability.
Your New Human Resource Team
Maintaining a human resources department, especially one that understands how to handle every possible scenario properly, is expensive. Instead of trying to maintain a human resources department in-house or manage tasks contracted out, you can have your own PEO partner managing every aspect.
Your PEO human resource partner will provide the following services:
- Recruitment of new employees and staff
- Hiring, training, and onboarding new employees
- Creating training materials
- Terminating employment when necessary
Contracting with NetPEO
We are not a PEO. We are more of a match-making service that learns about your business needs and goals and then pairs you with a PEO partner who is an ideal fit for your company. We have a vast, trusted network of possibilities, and we will ensure you are matched with a PEO that is the best fit for your specific requirements.
The PEO we match you with will understand your needs and be flexible and responsive to your ever-evolving company. We provide solution-oriented options so that the best services are offered, and promises are delivered upon.
Schedule a Consultation Soon
Our goal is to help you meet your business goals by taking the administrative duties that slow you down off of your plate. We can help you attract the best potential employees and help you establish a loyal workforce.
Contact NetPEO today for a free business assessment. We will listen to your needs and will let you know what we can do to assist you in running your business more optimally.