Business owners looking to save money but provide their staff with the human resources and accounting needs they deserve are turning to Professional Employer Organizations (PEOs) more and more often. When looking for New York PEO employee benefits services you can rely on to maximize your resources, look no further than NetPEO.
A PEO company in New York is there to reduce your stress and provide you with the human resources solutions you have been looking for. Contact our office to learn more about which benefits are the best fit for your business goals.
PEOs Across Industries
NetPEO is here to help businesses across virtually endless industries. Some of our top New York clients have businesses in:
- Financial services
- Hospitality and service
- Information technology
- Real Estate
Whether your business is rapidly growing or only has a handful of employees, we are here to help enhance your staff’s experience and boost your company’s productivity so it can thrive.
How NetPEO Serves Your New York Business
When you want your business in New York to succeed, outsourcing your human resources department could be the answer you have been looking for. When you go with NetPEO, you can expect the following:
- Our team to analyze your business and determine whether our New York PEO benefits for employees can meet your needs
- Put you in touch with PEOs that are better equipped to meet your needs if NetPEO cannot
Once you have chosen the best PEO company to meet your needs, we will review our client services agreement and draft our co-employment agreement to take over your business’s human resources needs smoothly.
NetPEO’s Top PEO Services
Human resources services can take multiple forms. When you choose our PEO company, we offer you and your employees a wide range of benefits. Some of the most popular services New York businesses like yours take advantage of include:
- Reducing business risk profiles
- Payroll administration
- Recruiting new employees
- Onboarding and training
- Handling workers’ comp and civil claims
- Employee benefits administration
Benefits Services for Employees
The best way to retain top talent in your industry is by taking care of your employees. Offering your employees extensive benefits packages is one of the most innovative ways to ensure your team members know how much you value them not only as employees but as individuals.
NetPEO will match you with a PEO provider that will handle the benefits administration aspect of your employee benefits services. This does not only include helping your employees understand their benefits but ensuring HR compliance and handling employee claims, where applicable.
Some of the comprehensive services that may you may select as part of your employee benefit services packages include:
Health Insurance Benefits
Protecting your employees with health insurance coverage is an excellent way to help them take care of themselves and their families. Some potential employee benefits packages you might opt into include:
- Dental insurance
- Vision insurance
- Health maintenance organization (HMO) plans
- Preferred provider organization (PPO) plans
- Health savings accounts
- Point of service plans
Retirement Savings Plans
Help set your employees up for retirement as early as possible with these extensive retirement savings plan options:
- Simplified employee pension plans (SEP)
- Traditional IRAs (individual retirement accounts)
- Salary reduction simplified employee pension (SARSEP) plans
- Roth IRAs
- Simple IRAs
- 529 education savings accounts
- Payroll deduction IRAs
- Other retirement benefits
Cafeteria Plan Management
Make sure your employees have the energy to get through the workday and boost productivity along the way with these cafeteria management plan options:
- Flexible spending accounts (FSAs)
- Section 125 cafeteria plans
- Dependent care reimbursement plans
Other Employee Benefits Programs
Other benefits you may choose to offer your employees as part of your comprehensive benefits packages include:
- Disability insurance
- Workers’ compensation insurance
- Creating an employee benefits solution hotline
- Employee voluntary benefits programs
- Group banking and credit union programs
- Employee benefits alliance programs
- Employee financial assistance programs
- Life insurance
Benefits of PEOs
The benefits of having a PEO take over your HR department are undeniable. Here are some of the top ways New York businesses maximize their ROI after hiring a PEO company:
You can save your company a significant amount of money without having to pay for an in-house human resources department. NetPEO offers two primary types of payment. These include:
- Payment by a percentage of your business’s overall monthly payroll
- Payment once a month per employee
This makes it possible for your company to only pay for what you need.
No matter what industry you work in, understanding how payroll and accounting work, employment and labor laws, and other complex business matters can take time away from your business’s needs. With NetPEO handling these matters, you can focus on business partnerships, productivity, employee retention, and building a healthy work environment.
Outsourcing your HR department with a PEO company can give you the confidence to take your business to the next level. You can have our team handle all human resources needs or craft a plan that assigns specific responsibilities to your New York PEO provider. We understand more than anyone the importance of adaptability and flexibility in every industry.
Handle Payroll Needs
One of the most time-consuming things to handle on your own is payroll. Instead of keeping track of your employee’s hours, pay rates, direct deposit details, withholdings, and more, you could have your PEO in New York handle it.
Our payroll administration services ensure your team is paid as scheduled, with proper deductions, and weekly, biweekly, or monthly, based on your needs.
Set Your Team Up with Benefits
You can start setting your business apart by offering your employees comprehensive benefits packages. However, your options can be overwhelming if you attempt to make these decisions independently.
Working with a PEO company allows your partner to negotiate rates and develop incentive programs that foster employee retention. This way, you can boost morale, keep salaries competitive, and emerge as an industry leader.
Reduce Your Business’ Risk in New York
When you open a business in New York, it is not without risk. One of the top tasks to prepare for are the tax requirements. Between dealing with the New York Department of Revenue and the Internal Revenue Service, remaining compliant at the local, state, and federal levels is crucial.
Your PEO partner in New York will also ensure your business has protocols that protect your employees under the Family Medical Leave Act (FMLA), the Affordable Care Act (ACA), and other government programs.
Keep Staff Safe
After taking on your human resources needs, your New York PEO can also ensure your staff is aware of companies safety regulations. This is particularly crucial after the onset of the coronavirus pandemic.
We will ensure your business has the necessary training requirements and meets OSHA standards accordingly. We will also ensure your business has the certifications to remain open and thriving.
When you hire a PEO, you are entering what is known as a “co-employment agreement.” Although this may seem overwhelming, all that means is your PEO provider will co-employ your staff. You will maintain control of overall business operations while your PEO does human resources tasks as outlined in your client services agreement.
Business Owner Duties
Business owners are responsible for continuing business as usual when entering a co-employment relationship with a PEO service provider in New York. You will still be your employee’s primary employer, make all necessary company decisions, and decide when to hire or fire staff.
In co-employment, the PEO becomes the recorded employer, so your business can continue offering specific services to employees. This includes handling your employee benefits packages and payroll administration. However, the PEO works for you.
How to Switch PEOs
If you are already working with a PEO in New York and want to switch to NetPEO, you may be worried about how the transition will go. Our PEO brokerage services allow you to review your existing contract and end existing relationships with reduced risk of HR disruptions. The right PEO company will do everything possible to get you out of a bad contract and into better hands.
Discuss Your Business Needs with Your PEO Company in New York
If you are an employer or business owner interested in human resources services from a PEO company, our team is here to help you get started with a business assessment. Our New York PEO employee benefit services at NetPEO are the answer to your company’s needs.
We can draft a comprehensive package that not only covers your human resources needs but fits your budget. Fill out our secured contact form or call us to further discuss which responsibilities you can outsource comfortably.