Having a full-time human resources and accounting team can be difficult when your business is still growing and you do not have the time to devote to these critical business matters. Fortunately, using a professional employer organization (PEO), you can meet your company’s HR needs, retain top talent, and continue growing your business.
NetPEO is here to match you with a reputable New York employee leasing company so you can keep your business on track and continue meeting or exceeding your employee’s needs. Contact our office for a confidential consultation today to learn more about which services are best suited for your human resources and accounting goals.
Why Go with NetPEO?
When you are looking to outsource your human resources needs, choosing the right employee leasing company is crucial. NetPEO was created by experienced HR professionals across multiple industries. Whether you work in aviation, retail, restaurants, construction, accounting, or any other industry, we can help you keep your company on track, achieve goals, and get matched with the best employee leasing company for your business.
How Employee Leasing Works
Employee leasing companies offer code employment services where the company shares specific employment responsibilities with their PEO. Your PEO employee leasing company will be tasked with handling a variety of human resources and accountant needs. These might include:
- Tax reporting
- Administrative functions
- Employee benefits
However, you will still remain in control of all necessary business decisions and paths, managing employee work and hiring new team members that fit your company’s goals. When you are looking for an employee leasing company, it is essential to think about which services you are looking for, what responsibilities you want to retain as the employer, and what type of payment structure is going to be the best fit for your company’s goals.
NetPEO can help you review your objectives and determine which employee leasing services are needed, which you do not, and which benefits should be included in your employee benefits packages. With NetPEO on your side, you can get matched with the ideal employee leasing company in New York to continue to thrive and expand your business while retaining the top professionals in your industry.
Retain Top Talent with an Employee Leasing Company
One of the top benefits of choosing an employee leasing company is the ability to hang onto some of the most experienced, highly trained, and regarded professionals in the industry. Employees do not have the patience or energy to deal with companies that do not value their worth.
When you hire an employee leasing company in New York, you can spend less time and money on recruitment and more time offering your top-performing employees the training, bonuses, and promotional opportunities they deserve. Your PEO can help you reduce turnover rates, deal with complex HR issues, and help boost your employee’s productivity.
High-Quality Employee Benefits Packages
When you work with NetPEO, you can get matched with an employee leasing company that will offer your employees high-quality employee benefits packages. You can decide which items to include in your employee benefits packages. Many companies provide comprehensive retirement savings plans, health insurance coverage, vision and dental, and paid time off opportunities.
Since your PEO works with you in a coma employment relationship, you have a better opportunity to secure high-quality employee benefits packages at a reduced rate. This way, you and your employees are not stuck covering considerable premiums in exchange for benefits packages that are not worth what they cost in premiums.
Other Services Your Employee Leasing Company Provides
In addition to employee benefits packages, when you work with an employee leasing company, there are multiple other human resources and accounting services you can get from your PEO in New York. Some of the most popular services include:
- Setting up workers’ compensation coverage
- Handling workers’ compensation claims
- Handling employee complaints and disputes
- Payroll services
- Ensuring your business remains in compliance with local, state, and federal regulations
- New hire services and onboarding
- Recruitment and training
- Handling unemployment claims
- Demotion and termination
Your employee leasing company in New York can handle all these matters or the individual services you require if you hope to remain in total control of a specific area of your company’s administrative responsibilities. Ultimately, although you will enter a co-employment relationship, the business’s direction and company culture will always be in your control.
Costs of a Hiring an Employee Leasing Company in New York
One of the top reasons more businesses do not hire employee leasing companies is because they are worried about how much it will cost. Fortunately, when you work to outsource your HR department with NetPEO, you can expect to save money all around.
We offer competitive rates and multiple payment options to meet every business’s needs. Generally, companies will opt for an employee flat rate fee or pay a percentage of their total payroll to their PEO.
Employee Flat Rates
When you choose a flat rate per employee payment structure, you will pay a flat fee for every company employee. The amount per employee will vary based on which services you opted into.
Generally, you can expect to spend somewhere between $40 and $160 per employee every month. However, this amount can vary depending on how many employees you have, how much money each employee makes, and other business factors.
If you choose to go with a payroll percentage, your PEO will be paid through a percentage of your company’s overall payroll. Generally, this is somewhere between 2% and 12%, depending on how many employees you have on staff and which services you decide to include as part of your co-employment agreement. Typically, paying an employee a flat rate is a better option unless you have a significant number of employees on a lower pay rate.
Get Started with Your Employee Leasing Company in New York Today
When your business needs human resources solutions, employee benefits, and accounting needs, look no further than an experienced New York employee leasing company.
Net PEO is here to help you outsource the best HR company for your business. You can get a free quote today to determine whether we can match you with the right PEO for your company as goals. Reach us through our convenient contact form or by phone to discuss your options in detail with our representatives.