Building a small business in Denver can take a lot of time and effort. With a bit of luck and more hard work, your business can grow beyond your initial expectations. However, with growth can come new challenges.
Hiring more employees to meet your growing business needs means dedicating more time to HR and accounting paperwork. For overworked business owners without the background or education in handling this sort of paperwork, it can feel like you’re spending more time crunching numbers than running your business.
To beat these HR and accounting woes, many small business owners in Denver turn to the services of a professional employer organization (PEO). If you’d like to speak with someone about how a PEO can change your business for the better, call (678) 376-1212 or fill in the form on this website.
HR and Accounting Solutions for Small Businesses
A PEO can replicate the majority of functions that HR departments do. This means that your PEO partnership gives your small business access to the same sort of HR services available in larger companies. Typical services offered by PEOs include:
- Payroll management
- Benefits administration
- Recruitment services
- Administrative training
- Employee self-service website administration
- Employee handbook creation
- Legal compliance
- Worker’s compensation claims management
Different PEOs can specialize in different services and not all PEOs will have the ability to meet the needs of your business.
The PEO industry is growing rapidly. According to research compiled by IBISWorld, the PEO industry has been growing at an annualized rate of 6.1%. This growth has come from the increasing rate of small businesses turning to PEOs for their HR and accounting needs. It also means that there are now more PEOs than ever before, making the market potentially more difficult to navigate.
PEO brokers guide small business owners through the PEO market. At NetPEO Company, our brokers work alongside business owners in Colorado to find PEOs offering the HR and accounting solutions you need.
When you reach out to one of our PEO brokers, our first step is to get to understand your company. Your first consultation with us is focused on determining the unique needs of your business. This initial needs analysis consists of an interview with you about your business and exploring the different HR and accounting solutions that are available.
We use the information from our initial interview to compile a custom list of potential PEO partners. Our brokerage has developed a trusted network, meaning our PEO recommendations have been vetted by our team of experienced PEO brokers. Your custom list of HR and accounting solution providers will feature some of the best PEOs offering the services you’re after.
While our experience can narrow down the best PEOs for your business, only you can determine which one is right for you. Our PEO brokers can help you schedule meetings with the PEOs, but the decision is always yours.
Your complete satisfaction is our number one priority. We’ve maintained a 100% satisfaction rating by keeping the focus on the needs of our clients. Our PEO brokers will follow up with you after you’ve signed a co-employment agreement. If your business has grown or you have any reason to be dissatisfied with your current PEO partner, our brokers will be there to help make things right.
How Your Business Will Benefit from a PEO
While getting back time to focus on running your business operation, PEOs offer other benefits as well. The National Association of Professional Employer Organizations (NAPEO) reports that businesses who partner with PEOs, when compared to similar businesses who don’t, will:
- Grow at a 7% to 9% faster rate
- See a decrease in employee administration costs of about $450 per employee
- Reduce voluntary and involuntary employee turnover by 10% and 14%
- Be able to offer retirement plans that were not feasible prior to the partnership
- Reduce the likelihood of going of business by up to 50%
Building a better business becomes easier when you partner with the right PEO.
Contact a Denver PEO Broker Today
If you’re ready to start the next phase of your company’s growth, reach out to one of our Denver PEO brokers today by filling out the contact form or by calling (678) 376-1212. No matter when you reach out, one of our representatives will be in touch within 48 hours. With all you have to gain from a PEO partnership, don’t hesitate to call today!