Small businesses, meaning those that employ fewer than 500 employees, make up 99.5% of all companies in Colorado and employ nearly 50% of all workers in the state, according to statistics gathered by the Small Business Administration (SBA). The prevalence of small businesses makes them an irreplaceable part of Colorado’s economy.
Running a small business can be challenging, particularly as your company grows. New employees and new contracts can mean extra time spent handling paperwork instead of running your company the way you used to. The need to get back to the core work of running the business is why so many companies turn to professional employer organizations (PEOs) for assistance with key HR and accounting functions.
If you run a Colorado small business, you can turn to the PEO brokers at NetPEO to simplify your search for a new PEO. Whether you’re looking for the first time or looking to find a better fit for your business, we can help. Just call (678) 376-1212 or fill out on the form on this page.
How a Colorado PEO Broker Works for Your Business
The role of a PEO broker is to make the process of finding the right PEO as simple as possible for you. According to recent industry statistics, there are hundreds of PEOs operating in the U.S. today, meaning that narrowing it down to the ones that offer the services your business needs, that understand Colorado law, and are affordable for your budget can be a challenge.
At NetPEO, we start by performing an initial needs analysis. This interview focuses on understanding the fundamental needs of your business. Our PEO brokers get to know how your company operates and what you want out of your PEO relationship.
When our initial needs analysis is completed, we turn to our trusted network of PEO partners. Our network stretches across the nation, but we only focus on the ones we can trust to handle the unique needs of your company.
Once we’ve narrowly tailored a list of PEOs for your business, we let you choose which ones you’d like to speak with about your HR outsourcing needs. Our PEO brokers will continue to serve as a point of contact as you move on to negotiating the terms of your co-employment agreement, meaning you don’t have to handle the negotiations on your own.
Even after you’ve signed on with your new PEO partner, NetPEO’s brokers will still be there for you. We survey your business regularly to make sure that your PEO partner is meeting all your growing business needs. Your satisfaction is always our primary goal, so we’ll help you resolve any issues that arise. We’ll even help you find a new PEO if your business has evolved from your initial HR outsourcing needs.
PEOs Partner with Many Different Types of Businesses
You may be concerned that a PEO can’t help your business. Maybe you think that you have too few employees. Perhaps you’re concerned that you work in too niche of an industry.
NetPEO’s brokers have helped all different sorts of clients. A selection of some of the industries our clients work in include:
- Legal services
- Food services
We’ve also helped big and small clients find a PEO that meets their HR outsourcing needs. Our PEO brokers have found the right partner for companies with five employees and businesses with 500 employees.
Our PEO Brokers Work within Your Budget
While you may be thinking about the costs, partnering with a PEO can be considered a way of saving money. Rather than paying an in-house team to handle your most troublesome HR issues, a PEO can handle them at a fraction of the price. Not only will you spend less, but you’ll also be able to focus on running your business.
The cost of a PEO will depend on the services you need, but you can rest assured that our PEO brokers will work with you to find a partner that meets your needs without breaking the bank. Part of this process includes determining what sort of payment option works best for your business.
If you have a few, highly skilled employees, your company would likely benefit most from a flat rate fee per employee. On the other hand, if you have more than a handful of entry-level employees, you may be better off arranging a payment schedule based on your gross payroll totals. If one option saves you more money, that’s what our PEO brokers will recommend.