Are you looking to improve the benefits you can offer your employees in Delaware? Perhaps you want to control costs, grow your bottom line, and improve compliance by outsourcing your company’s payroll and human resources (HR) departments.
In these situations, a Delaware PEO company can step in to help you. Our team at NetPEO helps businesses big and small find a PEO firm that can provide all the services they need. Focus on growing your business while outsourcing duties that overwhelm you.
What Does PEO Stand for?
Business professionals use the term PEO when they discuss professional employer organizations. These organizations specialize in offering other businesses help with accounting tasks and HR services and providing more robust benefit packages for their employees.
Our team assesses your specific HR, payroll, and benefit needs when you contact us for a consultation. We can then help you get in touch with a PEO company that provides the services you want at a price that meets your needs.
What Is the Difference Between a PEO and a Payroll Company?
Some companies in Delaware consider hiring a payroll or HR company instead of a PEO. HR companies all you to outsource your HR needs, often reducing your company’s expenses. However, they cannot provide the same services as a PEO.
PEO companies take care of your HR needs and then go beyond that, allowing you to provide your employees with better benefits. In addition, the PEO handles the administration of these benefits, further saving you time.
When you reach out to us, we’re happy to discuss the differences between HR outsourcing and PEO companies.
How Can a Delaware PEO Help Your Business?
A PEO company serving Delaware can help your business grow and thrive. Professional companies like NetPEO provide you with peace of mind and allow you to keep your focus on growing your business and serving your customers.
Your PEO can:
Increase Your Financial Savings
PEOs help employers in Delaware save money. Hiring and maintaining a full HR department can represent a drain on your company’s finances. Fortunately, you do not have to face these expenses when you outsource your HR needs.
A PEO company may charge you every month with the costs based on the number of employees you have. You could also choose to pay the PEO company a percentage of your monthly payroll to handle your HR needs.
Furthermore, PEOs save you money when it comes to providing benefits for your employees. The PEO connects you to better benefit options, helping you attract the employees you want without breaking your budget.
Save You Time
Handling all HR responsibilities properly takes a lot of time. You may require multiple employees to handle all the paperwork and compliance requirements in Delaware. The strain of HR tasks can feel especially harsh for small businesses.
Fortunately, a Delaware PEO can step in to handle this burden for you. We free up your time to focus on your clients, provide new services, or develop new products.
Give You Peace of Mind
You have to follow multiple local, state, and federal regulations for HR, payroll, and benefits. In addition, your company needs to file paperwork on time and submit certain forms. Relying on your HR department can increase your stress about these issues.
A PEO company can offer you years of experience handling these issues, allowing you to experience peace of mind while staying compliant.
What Are the Disadvantages of a PEO?
Some businesses worry about the potential drawbacks of hiring a PEO. While costs can fluctuate when you hire a PEO, you have the option to select a company that provides the services you want at the right price.
Additionally, some businesses worry that they’ll lose control of their company by hiring a PEO. However, setting up a co-employment relationship with a PEO still allows you to maintain control of your employees and your business.
How Does Co-Employment Work With a Delaware PEO Company?
A co-employment relationship allows PEOs to provide your employees with benefits. The PEO stands as the employer of record for your employees. However, this relationship won’t change your status, and you retain all control as the primary employer.
Your Role in Delaware Co-Employment
You keep your position as chief executive for your employees in a co-employment relationship. You get to make decisions regarding hiring, training, and firing and continue to guide your company in your chosen direction.
The PEO’s Role in Delaware Co-Employment
During a co-employment relationship, the PEO serves as the employer of record. The PEO can then perform services for you, such as administering employee benefits and handling payroll.
What Industries Can Hire a Delaware PEO Company?
A PEO company in Delaware can assist you regardless of your industry. Our team has decades of experience helping companies that work in law, retail, aviation, real estate, and construction. However, this list represents only an example of the clientele we serve.
Our team can also help companies of various sizes. While many small- and medium-sized companies benefit from the services of a PEO firm, larger companies can also team up with a PEO company.
Review the PEO Services You Can Get in Delaware
NetPEO can help you secure the PEO workforce solutions that your business wants. We handle the administration of payroll and employee benefits. We also take care of adjusting your recruitment strategies and handling onboarding.
Finally, you can rely on us to handle any Delaware workers’ compensation claims that your business faces. Find out more about these and other services we provide by contacting us.
Talk to Us About Your Delaware PEO Needs
You can speak to NetPEO if you’re interested in hiring a Delaware PEO company. We put our years of experience to work for companies like yours. Find out more by calling us or completing our online contact form.