In today’s market, you need to be able to offer a comprehensive benefits package in order to attract high-quality employees. This can be difficult if your business is new and doesn’t yet have the employee base that allows larger companies to qualify for discounts and reduced rates. If your business is at a disadvantage, you need a PEO broker in Raleigh.
Not only can a PEO work with your business to create an affordable and robust benefits package, they can also provide human resources, accounting, and financial services. Outsourcing is the way of the future, as it allows business leaders to focus on the growth and direction of their companies, while also saving valuable time and resources.
How a PEO Works
When you partner with a PEO, your relationship falls under a provision known as “co-employment”. This status allows your PEO to take legal and financial responsibility for the tasks you assign them. In co-employment, you delegate tasks to your PEO, and at no time do you give up any company control over to them.
As a business owner in a PEO partnership you have the legal authority to:
- Control the overall direction of the company
- Decide which services the PEO manages
- Give the final say on all decision
Your Raleigh PEO broker will be able to secure a partnership that works for you and the unique needs of your business.
Benefits of Partnering With a PEO
As your PEO broker in Raleigh, our top-priority is matching you with the PEO that best suits your company. You can choose to outsource your entire human resources department to a PEO, or you can select specific services. Here’s a few ways that a PEO can help your business:
A PEO can take care of all your payroll needs so that you can focus on what’s important to your business. They’ll take care of employee payment, bookkeeping, and much more. A PEO ensures that employees receive direct deposits, pay stubs, and tax forms on time, and they’ll also be available to address any payroll issues and provide you with detailed reports.
Avoid the hassle of hiring and managing a human resources department by outsourcing it to a PEO. Your PEO broker can find you a PEO that will handle recruitment, hiring, onboarding, employee termination, and employee training materials.
Federal and State Compliance
As a Raleigh, NC, business owner, you’re likely aware of the complex array of government regulations that companies in your state must adhere to. When you partner with a PEO, you won’t have to worry about meeting government deadlines or legal penalties ever again. A PEO will manage all your legal compliance needs, including your state and federal tax filing responsibilities.
Access to Benefits
A PEO can help you create and administer first-rate employee benefits packages. Attempting to secure quality benefits as a small business owner can be an uphill battle, but a PEO can change that. When you partner with a PEO, your employees become a part of the PEO’s larger network of clients, which allows access to a variety of quality benefits including:
- Tuition reimbursement
- Retirement options
Your PEO broker in Raleigh, NC, can match you with a PEO that will provide the benefits and perks your employees deserve.
One of the biggest obstacles you run into as a business leader is dealing with wrongful termination, workers compensation, and discrimination claims. A PEO can help you prevent and manage these allegations which greatly reduces your liability risk.
Partnering With a PEO Is an Affordable and Effective Way to Grow Your Business
A Raleigh PEO broker can find you a PEO that can be used to outsource a variety of tasks and services. With all those responsibilities off your plate, you can focus your efforts on what made you want to start your business in the first place.
Instead of wasting valuable time dealing with complex human resources issues and overseeing payroll processes, you can give your undivided attention to expanding and directing the trajectory of your business.
Hiring a PEO is often less expensive than keeping an in-house staff, which frees up resources for what matters to your business. You’ll save money on turnover rates, as employees tend to stay with PEO partnered companies for a longer period of time than those without a PEO. That’s because they’re so satisfied with the wide array of effective services a PEO can offer.
PEOs Are a Popular Business Solution
The flexibility and efficiency of PEOs makes them a popular strategy in a variety of industries. They’re widely used because they allow business owners to grow their business, reduce risk, and save valuable time and money. Here are just a few of the industries that your Raleigh PEO broker has helped partner with an effective PEO:
Working With NetPEO
Our mission is to find a PEO that works for you and your business. When you hire us, we will conduct an in-depth assessment of your company so we can match you with the ideal PEO for your company.
At NetPEO, we work with a vast network of trusted PEOs, so we’re bound to find a match that is dependable and able to tailor their services to the evolving needs of your organization. We stand by our partners, as they offer only the highest quality services.
Schedule a Free Assessment of Your Raleigh Business Needs
As your Raleigh PEO broker, it’s our goal to help your business run as efficiently as possible. Call NetPEO today or fill out a contact form on our website to schedule a free assessment of your business. By conducting an assessment we’ll be able to learn more about your business and its unique needs.
Once we understand what you need to keep your business running optimally, we’ll provide you with a carefully curated selection of potential PEO partners along with an estimate of your partnership expenses.