If you hope to reduce turnover rates in your business and show your employees how much you care, one of the best ways to do so is by offering extensive employee benefits packages. However, you may not have access to the most cost-effective or comprehensive options on your own.
By entering a co-employment arrangement, you can obtain Tampa PEO employee benefits services packages that may not have otherwise been available. NetPEO can help you find the right PEO provider so you can ensure your employees are well taken care of. Contact our office for a confidential consultation today to learn more about how a PEO can serve your business and what your next steps should be.
How Professional Employer Organizations (PEOs) Work
Professional employer organizations (PEOs) offer specific types of services and administrative employees for lease. This way, you do not need to spend the time and resources setting up an in-house human resources and administrative department. You can enter a co-employment agreement and delegate these responsibilities accordingly.
NetPEO matches you with a PEO provider based on your company’s specific needs. Some only need payroll administration or compliance issues handled, while others hope to access comprehensive human resources and PEO employee benefits services. It is our job to determine what your needs are so we can accomplish your goals and set your company up for success.
What to Expect When You Hire a PEO for Your Employees
Co-employment does not mean that your PEO suddenly has a say in how you run your business. You still make all the major decisions regarding the future of your company, your employees, and anything else business related.
What PEOs do is handle the responsibilities you assign them as part of your co-employment arrangement. This increases the size of your company, which gives you access to different types of benefits packages and human resources opportunities that may not otherwise be available to a small or midsize business.
Hiring a PEO also means you no longer have to deal with ensuring your company remains in compliance with state or federal labor regulations or purchasing general liability or worker’s compensation insurance. This can free up your time to devote to some of the more important elements of your business, such as recruitment, product development, marketing and advertising, and client retention.
Hiring a PEO is a great way to save yourself and your employees money. Not only can you access specific types of Tampa PEO employee benefits services that are generally unavailable to smaller businesses, but you can also reduce company turnover rates and encourage loyalty.
When your employees have the financial protection and support they need, they are less likely to search for work elsewhere. When they feel as though management and their administrative team are taking care of them, they are more likely to remain loyal. This will save you money, as you will not need to spend as much of your resources on recruiting, interviewing, and training new employees.
Outsource Your HR Department
Working with a PEO is a great way to outsource some of the responsibilities that have little to do with your business but are crucial to its success. You need a human resources department, but you do not necessarily need to devote your time as the business owner to these responsibilities.
Have your PEO handle your payroll processing, employee complaints and disputes, and other essential tasks on your behalf. NetPEO can help you partner with a co-employer that meets your needs.
We Get Your Employees the Comprehensive Benefits Packages they Deserve
Happy employees are more likely to be productive and efficient and help your company thrive. You have a moral obligation to take care of your team members, as they are the foundation of your business. What better way to show them you care than offering comprehensive benefits packages?
With NetPEO, you can find innovative solutions to meet your employee’s needs. Not only can we allow them to access extensive health insurance benefits, but they can also start planning for the future by setting up 401(k)s, or other retirement savings plans, get financial support when they struggle, and contact the employee hotline when they have questions or concerns.
Top Benefits Management and Administration Options
Some of our most popular PEO employee benefits services in Tampa include:
- Employee Health Insurance Plans
- Preferred Provider Organization Plans
- Health Maintenance Organization Plans
- Health Savings Account Plans
- Point Of Service Plans
- Full Coverage Vision Insurance Plans
- Full Coverage Dental Insurance Plans
- Individual Retirement Accounts
- Roth IRAs
- Payroll Deduction IRAs
- Traditional IRAs
- Salary Reduction Simplified Employee Pension Plans (SARSEP)
- 401K Retirement Planning Services
- Simplified Employee Pension Plans (SEP)
- SIMPLE IRA Plans
- Benefit Section 529 Education Saving Plans
- Section 125 Cafeteria Plans
- Cafeteria Plan Management Programs
- Flexible Spending Accounts (FSA)
- Employee Voluntary Benefits Programs
- Dependent Care Reimbursement Plans
- Credit Union & Group Banking Programs
- Employee Assistance Programs
- Employee Benefits Solution Hotlines
- Employee Benefits Alliance Programs
Other Tasks a PEO Can Take Over
In addition to getting your employees access to some of the top-rated benefits packages on the market, your PEO will also handle any other human resources or administrative tasks you delegate. Some examples of these responsibilities could include:
- Setting up and dealing with workers comp claims
- Payroll taxes and processing
- Recruitment, interviewing, hiring, and training new employees
- Demotion, layoffs, or termination
These are only a few of the possible services your PEO can take over. If you are interested in finding the right provider for your company’s needs but do not know where to begin, look no further than our experienced professionals at NetPEO.
Save Your Business Time and Money With NetPEO
Are you ready to take your company to the next level? You can save your business time and money and ensure your employees know how much you value them not only as workers but as individuals when you work with a PEO.
The Tampa PEO employee benefits services available by working with a call employer make it possible for you to access certain benefits packages that are only available to larger-size corporations. Contact NetPEO to get matched with the right professional employer organization for you. You can reach us through our secured contact form or by phone to schedule your initial consultation today.