When you start a business, you start with an idea, a dream, and a willingness to take risks. With skill, luck, and perseverance, your business becomes successful and grows. However, with business growth comes often unanticipated challenges.
- As your customer base grows, their needs become bigger and wider-ranging.
- The technology you begin with may not be the same technology that will fuel or facilitate growth.
- As your business becomes better known, more competitors crop up.
- You’re spending more time on activities that are less specifically focused on your business: Payroll and workforce growth, compliance, creating and maintaining a company culture, and more.
When you’re trying to focus on your business, spending endless additional hours toiling away with human resources, administrative, and finance issues is not ideal. In fact, that scattered focus can even be harmful to your business.
That’s where NetPEO can help. One call to (678) 841-7195 can make creating your HR dream team easy. We connect you with professional employer organizations (PEOs) that are a perfect fit for your unique business HR outsourcing needs.
How PEOs Work
PEOs are not third-party human resources contractors. PEOs are your HR, finance, and administration partner. Your chosen PEO co-employs your employees.
This may sound intimidating, but it’s actually quite simple.
When you have a co-employer, you authorize them to securely handle sensitive tasks such as payroll and benefits administration. Your PEO handles the HR and finance minutiae while you focus on development, production, business operations, sales, and other critical business tasks.
Business owners always retain ownership and control of the company. You simply share HR and finance employer liabilities and responsibilities as laid out in your agreement.
How PEOs Can Help Your Business
At the highest level, your PEO can handle whatever array of human resources, administration, and finance tasks you assign to them. No more do-it-yourself HR or hiring in-house employees to add to your costs and responsibilities.
PEOs are flexible and can start small and easily scale up or flex based on your business needs. They can also start working on one area of focus (payroll, for example) and you can add services such as benefits administration, human resources administration, and more, as needed.
Safety, Security, and Compliance
Federal, state, and local laws, rules, and regulations are constantly changing. Anyone with a small- to medium-sized business in Sacramento knows that. Outsource your HR tasks and you can breathe easy about making sure your business is always in compliance. Even a small oversight of something such as labor laws can cost you money, time, and reputation.
Task your PEO partner with handling legal liability and remove your focus from risk and compliance. As a co-employer who shares liability, a PEO partner has great incentive to keep a laser focus on safety, security, and across-the-board compliance.
Your PEO can take on as little or much of your payroll administration as you’d like. From tracking payroll expenses to time tracking and issuing paychecks, your employees will enjoy standardized processes. You’ll never have to field questions about paychecks again. You can also choose to have your PEO set up and administer Employee Self-Service (ESS) payroll software programs.
Additionally, your PEO can manage federal and state taxes, employee deductions, and other business tax services.
Employees are looking for prime benefits when they’re deciding whether or not to join your company. Small- to medium-sized businesses typically can’t offer top benefits without breaking the budget.
However, your PEO partner can “pool” together all the employees they represent across companies, around the country. That significantly increases negotiating and buying power, so you can offer great benefits at a price you can actually afford.
Some of the benefits PEOs can offer include:
- Health insurance
- 401(K) or retirement plans
- Employee Assistance Programs (EAPs)
- Vision and dental insurance
- Life insurance
- Short- and long-term disability
In addition to finding excellent, affordable benefits, your PEO can also handle benefits administration. From employee orientation to any questions that crop up along the way, you won’t spend any of your valuable time on these very specific and specialized tasks.
If you’ve been conducting your own talent searches, you know how time-consuming the process can be. When you task your PEO partner with searching for employees, they can use their networks and experience to recruit and screen potential candidates.
From there, you interview and hire those top candidates who can enhance and grow your team.
Your PEO can also create employment contracts that are specific to your business and industry as well as being in full compliance with state, local, and federal laws.
Finding the Right PEO Partner
Every PEO claims to be the best. Without some assistance, you could spend as much time searching for the right PEO partner as you are on HR tasks.
NetPEO works with you to understand your business, your growth goals, and the areas in which you need assistance. We then match you with the ideal, fully screened, and highly qualified PEO partner. We make sure your PEO partner can meet your unique business needs and fulfill your expectations. All while working within your budget.
Our focus is on top-notch, sterling service, so we regularly check in to ensure you are completely satisfied and your partnership is meeting or exceeding your expectations.
If you have specific administrative tasks that you would like to automate, we connect you with the PEO partner that has the technology you need as well as growth capabilities. From cloud-based payroll portals to employee benefits administration tools, if you’re looking for innovation, your PEO partner can lead the way.
Schedule Your Business Assessment Today
When it’s time to take HR, finance and/or administrative tasks off your plate, call NetPEO at (678) 841-7195 or fill our contact form. We’ll find the exact match with a PEO partner who can enhance your business offerings, standardize your HR practices, and increase employee satisfaction.