More and more small and mid-sized business owners are partnering with Professional Employer Organizations (PEOs) and experiencing the many benefits. These benefits–like saving time and money–are available to you, too, and NetPEO will secure them by connecting you with a PEO that serves your business’s unique needs.
NetPEO’s brokers are well-equipped to assess your business situation and find a PEO partner who can provide you with competitive insurance options and take on other administrative duties as you see fit. The NetPEO team makes this process both painless and rewarding for you and your business.
What a Salt Lake City PEO Can Do for Your Business
Small business owners often find themselves bogged down with administrative duties, unable to dedicate the hours they want to grow and improve their businesses. They may also feel overwhelmed by Utah’s many small business regulations, knowing they can be fined, experience damage to their brand or reputation, or face other penalties for lack of compliance–even for an accidental oversight. Some business owners choose to outsource these administrative duties piecemeal or hire individual employees to carry them out. While these options may save time and keep businesses in compliance, they are rather expensive.
Partnering with a PEO is a way for business owners to first “bundle” and then outsource their administrative responsibilities and do it without breaking their budget. Services a PEO can provide include:
- Payroll processing
- Workers’ compensation management
- Compliance oversight
- Employer liability and risk management
- Employee hiring, onboarding, performance reviews, and terminations
How a PEO Partnership Works
You might wonder how a PEO can carry out these jobs. Payroll and other human resource duties require access to sensitive employee information. When you partner with a PEO, you enter a co-employment relationship, making the PEO a legal co-employer of your employees.
This legal status does not reduce your control over your business, though. You still make all business decisions, remain “the boss” of your employees, and you decide which administrative duties to assign the PEO.
How Salt Lake PEO Insurance Services Can Strengthen Your Business
When employers offer employees strong insurance packages, they see a ripple effect of positive effects on their business overall. The problem is many small business owners cannot afford to provide substantial benefits and lose employees to larger businesses that can.
The employees of any small businesses that partner with your chosen PEO are also employees of that PEO. This means the PEO has more employees than your small business and far more bargaining power to secure better insurance packages at a lower per-employee cost.
Insurance Benefits Rank High with Employees
The United States Chamber of Commerce reported a recent Society for Human Resource Management (SHRM) survey. Of the survey respondents, 88% selected health insurance benefits as “very important” or “extremely important” to job compensation. Results show insurance holds higher priority than leave time, family care, transportation, and other benefits.
Honoring these employee rankings helps your business in a variety of ways:
- You attract more qualified employees with competitive benefits.
- Employees are more likely to stay with your business than look for opportunities offering better packages. Retaining experienced workers keeps your business running efficiently.
- Employees have access to health, dental, and vision care. This access keeps them healthier and on the job rather than missing days due to untreated illnesses or conditions.
- Your workers will feel valued, and that value translates into loyalty, enthusiasm, and greater productivity.
Qualified, dedicated workers are the backbone of successful small businesses, and by offering strong insurance benefits, you can bring those workers to your business.
Insurance Services a Salt Lake City PEO Can Provide
NetPEO brokers have over 200 years of combined industry experience and are highly attuned to what workers in the Salt Lake City area want and need from their insurance packages. Your broker will also meet with you for a free consultation to understand your business and your workers more specifically. Using this collective information, your broker will search NetPEO’s extensive network of PEOs and find options representing the best fit for your partnership.
To meet your insurance needs, your PEO partner will:
- Find plans matching your workers’ needs
- Help your workers enroll in the selected plan
- Provide support for managing claims
Your PEO partner will also be there to handle any insurance issues that arise over time. You will have ongoing support.
NetPEO Has Your Industry Covered
The U.S. Small Business Administration (SBA) reports there are 324,821 small businesses in Utah, comprising 99.3% of the state’s businesses overall and 625,571, or 44.5% of its employees. Industries represented include, among many others:
- Professional, Scientific, and Technical Services
- Real Estate
- Educational Services
- Health Care
Whatever your industry and whatever your needs, NetPEO will find the right PEO partner for you. Your broker will work within your budget when selecting potential partners, doing all the legwork for you. You will review the manageable list of partner options and make the final choice.
NetPEO’s Continuing Support
Your NetPEO broker does not just facilitate a match and move on to a new client. NetPEO offers ongoing support. Your broker will
- Help you create a co-employment agreement so you and your new partner understand your roles and responsibilities
- Work with you as you transition to the new business structure
- Remain available to help work out any “kinks” in the plan
While most matches are a success, we understand that sometimes the first choice is not the best choice. If your partnership is not working as you had hoped, your NetPEO broker will help you end that relationship and use that experience to find you a more suitable one.
Connect with NetPEO for Insurance Services and More
As a small business owner in Utah, you have a lot of competition–not just from the big companies, but from the over 300,00 small businesses who want the same qualified workers you do. Reach out to NetPEO to meet that competition and give your business the edge. Your broker will help you find a Salt Lake City PEO services provider who can get your employees the insurance they are seeking and fulfill any other administrative duties, freeing you up to focus on achieving your business goals.