Professional employer organizations, or PEOs, specialize in performing human resources and accounting tasks for businesses in need. As a Buffalo PEO company, NetPEO can handle all of the HR outsourcing needs of local companies.
The outsourcing of HR services in this way is gaining traction as a nationwide business movement known for its ability to save client companies money and provide more time for business owners to focus on more practical aspects of their businesses. For perspective, the National Association of Professional Employer Organizations estimates that the total number of employees represented and served by PEOs nationwide is more than the combined employment of economic juggernauts IBM, Apple, Starbucks, FedEx, Google, AT&T, and Wells Fargo!
PEOs Save Employers Big
By using a professional employer organization in Buffalo, such as NetPEO, employers and business owners can benefit in a variety of ways. In addition to financial savings, PEOs bring peace of mind to owners and can result in owners having more time to engage in the work of their company.
One of the main ways that PEOs can help is by saving employers money. Outsourcing HR needs to a PEO or Buffalo human resources outsourcing company like NetPEO is much cheaper than paying the salaries and financing the benefits of a full-time HR staff. Typically, PEOs are set up for two different forms of payment, each of which can be useful for companies in specific financial situations:
- Per Employee, Per Month: this method is useful for companies with few staff members on higher salaries
- Percentage of Overall Monthly Payroll: this method is useful for companies with many employees on lower salaries
Certain HR matters like understanding labor laws or dealing with extensive payroll paperwork can be difficult, especially for small business owners in Buffalo. Having NetPEO shoulder this burden can free up business owners and employers to focus on growing their company’s clientele, partnering with other businesses, promoting products or services, and other vital aspects of cultivating a healthy business.
Peace of Mind
It is important for employers to have confidence in the services provided by their HR department or by HR outsourcing companies. With NetPEO, business owners can rest assured that these matters are dealt with by professionals who have an array of experience in the HR outsourcing industry. Our company was founded by industry veterans with decades of experience and we have served clients in wide-ranging fields, such as:
- Real Estate
PEOs and Co-Employment
One of the aspects of using a Buffalo PEO company like NetPEO that may make business owners uncomfortable is co-employment. Under the co-employment arrangement, the PEO becomes an employer of record of all of the client company’s employees. However, it should be noted that this does not lower the status of the business owner in any way and the owner still retains all of their rights as the primary employer.
The Business Owner’s Role in Co-Employment
In the co-employment relationship, the business owner often is referred to as The Executive. They retain their status as the chief employer of their employees, still have the final say on hiring and firing decisions, and dictate the direction of their company.
The PEO’s Role in Co-Employment
On the other hand, the PEO becomes an employer of record so that it can administer certain services normally reserved for employers. These services can include things like payroll administration and the handling of employee benefits packages. The PEO is still subservient to the business owner and will work to implement the employer’s vision for the business.
Co-employment is a crucial aspect of outsourcing your HR needs to a PEO because it allows the PEO to handle sensitive services and employee information. Plus, there are several benefits to a co-employment relationship. For one, the PEO counts its client company’s employees as its own employees, giving it a much larger employee pool that can be helpful in negotiating and financing top-tier employee benefits packages.
PEO Services Performed By NetPEO
At NetPEO, our services span the gamut of human resources needs. Some of the most popular services are included below.
- Payroll administration
- Employee benefits administration
- Handling of workers’ compensation claims
- Lowering of a company’s risk profile
- Recruitment strategies and onboarding
Speak With an NetPEO Representative Today
If you are a business owner or employer looking to outsource your human resources needs, get in touch with NetPEO today. We offer a FREE quote on our services and can tailor our service package to fit the needs of your business. To start the process, call our office at 678-376-1212, or fill out the form on our contact page. A representative will get back to you within 48 hours to start the process of outsourcing your company’s needs and giving you the savings and peace of mind you need to successfully grow your business.