It’s no secret that a key benefit many people look for when applying for jobs is health insurance. One of the best ways to retain and attract talent is to have comprehensive health insurance benefits. NetPEO can help your San Francisco business get those benefits at an affordable price.
Working with NetPEO to find health insurance services from a San Francisco PEO company is simple. Call us to discuss your health insurance and HR needs, and we’ll choose the right PEO company in California for your business.
Why You Need to Offer Health Insurance Benefits
Employees that stay healthy are happier and more productive. One way to ensure this happens at your company is to offer health insurance. When they know you’ll have their back when a crisis happens, they’re more likely to stick with you.
It’s tough to choose the right health insurance package for your business, though. It takes a lot of time to do the research. Some small business owners we’ve talked to say that they’ve considered just not offering this benefit at all because of the complexity and cost.
This isn’t wise, especially when there is a simple solution. By working with a professional employee organization, you can have their team do the research to find the right provider, manage your benefits, and answer questions your employees have about their coverage.
PEOs and Health Insurance
Getting good health insurance for your employees is challenging. There are quite a number of insurance options on the market. One way to overcome this challenge is by using a professional employer organization (PEO) to help you with your search.
PEOs handle HR and payroll tasks for businesses through co-employment. They partner with your business to tackle tasks like finding and administering health insurance plans. NetPEO connects businesses in San Francisco to PEOs with health insurance services that match your needs.
For small and mid-sized businesses, hiring a PEO is an excellent choice. Owners of these businesses may not have the time to research and administer benefit plans without compromising on their core business. A PEO can save you valuable time and money by doing this for you.
Offering Health Insurance Can Grow your Business
Once you can offer good health insurance, there is a ripple of positive effects that come with it:
- You’ll spend less time interviewing new employees because you won’t lose candidates because of a lack of health insurance.
- You’ll also spend less money finding those workers.
- Your business will experience less churn because workers won’t be motivated to move to a new job just so they can get health insurance benefits.
- Productivity will rise because your employees will be happier, and you won’t have to waste time retraining new ones.
- Ultimately, all else being equal, you should achieve more profitability because of these factors.
And that’s just from health insurance alone. A PEO can also help you add and administer other benefits like retirement plans, travel compensation, cafeteria plans, and much more.
Don’t Forget Workers’ Compensation
California businesses are required to carry another form of insurance as soon as they hire a single employee. That’s workers’ compensation coverage. This is often the first type of health insurance an employer must purchase in this state.
You might use the same insurer for your company’s health insurance, but a better option might be to go through NetPEO. We can find out if your workers’ comp coverage is as strong as it needs to be, and we may find you a better policy for health insurance coverage.
Other Ways a PEO Can Help You
Managing insurance isn’t the only way that a PEO can help you grow your business. Our team can help you with many other HR and payroll-related tasks, such as:
Insurance is just one of many benefits that a PEO can help you with. A PEO’s job doesn’t stop once you’ve selected a health insurance plan. They’ll track costs, answer inquiries, and much more.
Risk and Compliance Management
There are many business regulations you must follow, especially in San Francisco. Keeping up with the regulations is tough, but that’s why HR teams exist. We can explain the laws to you and what needs to change so you’re compliant with regulations. Non-compliance could cost you your business!
The surest way to make an employee angry is to pay them improperly or withhold incorrectly. A PEO can manage the details of your payroll, from delivering tax forms to setting up direct deposits. We can also help you resolve conflicts regarding pay with your employees.
Hiring and Termination
Finding top talent and removing employees who don’t meet your standards takes more time than you think. You can pass those burdens on to your PEO and let them handle the process so you can focus on your core business.
Termination, in particular, can be harder and have more paperwork than you think. It’s best to have an expert on your side when you let an employee go. You don’t want to be on the receiving end of a lawsuit for wrongful termination!
Contact NetPEO for a Free Quote
Health insurance is a vital benefit that all employees desire, but it’s difficult to choose the right plan for your company’s needs. Our San Francisco PEO network can find the health insurance services you need to have a competitive benefits package.
Plus, by partnering with a PEO, you get far more than just health insurance. You get a team who can handle your entire HR and payroll needs or just the tasks that you need to break through your current challenges.
To learn how NetPEO can help you and get a free quote, contact us by phone or email to set up a consultation. Our company has a customer retention rate of 97%. Find out why so many businesses across the country trust NetPEO!