It’s a harsh reality of the business world that small businesses tend to fizzle out and close their doors too early. A statistical study by the Small Business Administration found that half of all businesses fail within the first five years. There are a myriad of reasons why this happens.
Some companies have difficulties hiring and delegating tasks, while others lack the education to create successful business plans and pigeon-hole themselves by relying on that “one big client.” If you want to beat the odds, it’s in your best interest to reach out to a PEO broker in North Carolina from NetPEO.
Partnering With a PEO Comes With Major Benefits
Outsourcing departments to a PEO is cheaper than keeping in-house workers. Even if you already have a human resources specialist that you wish to retain, hiring a PEO HR staff can compliment their services and allow you to expand further.
With a PEO, you’ll also be able to offer your workers improved benefits. A North Carolina PEO broker can find a provider that will give your employees access to medical, dental, vision, and a host of other benefits. They’ll feel much more appreciated when they receive their new perks.
PEOs Are a Smart Choice for Small Businesses in North Carolina
Companies with PEOs are half as likely to close, and they experience 9% faster revenue growth than other organizations.
Businesses with PEO partnerships also experience 14% less employee turnover. Reaching out to a PEO broker in North Carolina can keep your workers happy and simultaneously catapult your business into the stratosphere.
You Don’t Need a Large Employee Base to Partner With a PEO
PEOs partner with companies with anywhere between five and 500 employees. Some have even been known to form a relationship with businesses boasting as little as two workers! No matter how small your business, we’re prepared to find you an amicable partnership.
Every company needs an HR department. Even if your business consists of less than ten employees, you need to stay on top of government regulations and employee conflicts. That’s why our PEO brokers are dedicated to finding you a PEO, regardless of your size.
A PEO Can Help You Limit Costs for your NC Business
The right PEO can help you reduce expenses by securing benefit packages with lower rates and handling any employee lawsuits from incidents like workplace injury or wrongful termination. They also help you retain employees, which eliminates the cost of re-hiring.
A PEO can also improve your bottom line by keeping on top of government regulations. If you’ve had to pay a fine before for non-compliance, you know how expensive it can be. A North Carolina PEO broker can ensure that you’ll never pay a cent in penalties ever again.
What a North Carolina PEO Broker Can Do for You
At NetPEO, we have 100% customer satisfaction and a 95% client retention rate. We’re able to keep our customers happy because we only work with the best PEOs in the game. We also pay attention to detail when assessing your company, so your PEO is sure to be the perfect match.
Once you’ve signed on with your new provider, we’ll make sure to check in with you on a regular basis. We want to make sure you’re happy with your PEO. It’s common for companies to change, and require a PEO with different specialties. If this is the case, we’ll gladly find you a new match.
How to Pay Your North Carolina PEO
NetPEO’s services are 100% free of charge. Though, you will have to pay your PEO. You can do that in one of two ways. Firstly, you can pay them an agreed upon percentage of your overall payroll per pay period, which is usually between 3% and 10%
You also have the choice to pay them per employee, per year. This keeps expenses predictable, and usually costs between $900 and $1,500 per employee, per year. With the amount you save from having a PEO, the cost to partner with one seems like a drop in the bucket.
PEOs and Data Security
Data security is a major concern for business owners. Cyber security statistics show that 43% of cyberattacks are against small businesses. Since attacks and data breaches are a danger to your employees and customers, protecting against them should be high on your agenda.
Luckily, PEOs are exceptionally careful when handling your data. When your North Carolina PEO broker pairs you with your new PEO, you can be sure that all your employee and client information will be secure with them.
Call a North Carolina PEO Broker Today
Don’t hesitate to give your business the boost it needs! Our PEO brokers in North Carolina are dedicated to finding a PEO that matches the unique needs of your company. Call NetPEO today or fill out a contact form on our website to schedule a free assessment of your business.
We’ll perform an in-depth analysis of your business and provide you with a hand-picked list of PEOs that are guaranteed to bring your business to the next level.