The Greater Sacramento Economic Council reports 87,428 businesses in the area. They cover a range of industries with leading enterprises, including health care, social services, technical services, retail, and education. Over 67% of businesses have one to four employees, with about 1% having more than 100 workers.
These findings show that many businesses are small to mid-sized in Sacramento. When running a small or midsize business, there are many challenges and processes that you will need to consider. One of those is your human resources needs.
An excellent solution is to partner with a professional employer organization (PEO) for HR solutions.
How Can a Sacremento PEO Company Help?
You will have many needs when you have a small to midsize business. One of those is human resources. PEO companies offer different packages to take on some or all of the human resource services your business needs.
Depending on your business, you can choose from a selection of individual services or get a complete package. Some services you can opt for include payroll, employee benefits packages, risk management, workers’ compensation insurance, and more. Taking these responsibilities from you gives you more time to focus on other aspects of your business.
Benefits of Sacramento PEO
Establishing, running, and growing a business takes time and energy. While there are some things you can delegate to others, some you must handle yourself. Establishing a partnership with a PEO means you have a co-employment arrangement – you are in charge of your business and your employees.
What changes is that your PEO will become an employer of record. The PEO administrator is responsible for the human resources aspect of your business. This co-employment model has benefits for your employees, business, and you.
Working with a Sacramento PEO company is more cost-effective than hiring a whole human resources staff. You get qualified people to handle your human resource needs without always having them in the office.
A PEO can help with benefits, payroll, and other general administrative tasks. They can also help with human resource issues when employees leave the company.
Keep Valuable Employees
Potential employees want benefits from working with your companies. The right benefits package can attract valuable employees. It can also keep them.
Sacramento PEOs offer a range of services. One of those essential services includes benefits packages tailored to your industry and business. Some employees are apprehensive about joining a small business because they cannot get a benefits package.
PEO employee benefits services offer these potential employees benefits packages that a small business might be unable to independently. Attracting employees is one thing, but keeping them is another. Employees tend to stay with companies where they are comfortable and cared for.
Benefits packages are a significant factor in deciding to stay or leave a job. Employers save money on turnover rates by keeping employees.
Stay in Compliance
Every state has specific regulations regarding business operations. Small business owners can have the right intentions but be out of compliance.
Another benefit of working with a Sacramento PEO company is ensuring you comply with state regulations. PEO helps navigate industry-specific rules to stay in compliance.
Your PEO will keep you in compliance and conduct risk assessments. The goal is to keep you on the right side of the law and away from possible lawsuits.
Startups and small businesses must run exceptionally well. You cannot afford to pay anything in excess. Once you fill your vital roles, you will focus on providing the best service or product available.
Things will run smoothly until an unexpected hurdle comes through. Facing an unexpected situation with an employee is an expected part of running a small business.
Payroll issues can also arise. Many problems can present themselves while running a business. When you are the sole person responsible for handling these concerns, you will have to stop everything to manage them, which takes valuable time away from other aspects of your business.
Having a PEO can keep your attention on growing your business and taking care of your employees. Your human resources issues are handled seamlessly.
Your Co-Employment Arrangement
The term co-employment can make businesses apprehensive about looking into the services. Some business owners think they are losing control of their business. While the term is scary to think about, you are not losing any control.
Within your agreement, you are referred to as the executive. You will maintain your decision-making on employment and how the company is run.
Your Sacramento PEO is a subordinate and works to support your vision. PEOs are referred to as the employer of record which is a legal term so that the PEO company can act on behalf of the business. They do not make executive decisions regarding the future of your company.
The NetPEO Process
While you might have some idea of what you need, NetPEO can offer insight into other business needs you may have. We are a brokerage firm that connects business owners with PEOs. We accomplish this by:
- Meeting with you for a consult to learn about your business needs
- We will determine which PEOs will meet your needs and benefit you
- We will present you with various PEO options.
You can choose the PEO that most aligns with your business structure and needs. You are in control. We aim to help build the best partnerships between your business and PEO.
NetPEO Connects Businesses with the Right PEO
You can start saving time and money when you work with NetPEO. We can take your business one step closer to optimal efficiency. Contact us today for a free business assessment.
You can call our office to speak to a representative. You can also complete our contact form. We will respond within 24-48 hours.
NetPEO looks forward to helping keep your business running while saving you time and money.