Every company can use improvement. Staying stagnant is a good way to lose both business and your employees. Even larger, more established companies have areas that could use some help. For many companies, this includes areas like their HR department, or help with new hires.
While it may not be as pressing of a matter for a large, successful company to retain employees, it can still save that company money when they do. The resources invested in hiring and training new employees are substantial. This includes profits lost during the learning curve when the new hire is still getting used to the day-to-day responsibilities.
Larger companies may also find it difficult to keep up with state and federal labor laws, especially if the department that would normally handle such a thing is short-staffed. For these reasons and more, a large company can certainly benefit from teaming up with a PEO.
If you don’t think you have the time to put into researching PEOs, NetPEO can help. We can narrow down exactly what you need from a PEO and compare it to what we know about currently operating PEOs. Call NetPEO today at (678) 376-1212, and let’s work together to find the PEO that will change your life and the life of your company.
Payroll and Taxes
Calculating a company’s taxes and payroll is incredibly time-consuming, even for the most efficient companies. Not to mention that if you don’t know enough about tax laws, you may find yourself subject to fines for filing incorrectly.
And this is just your standard payroll and tax obligations. What happens when you have to add wage garnishments, bonuses, commissions, and pre-tax deductions? Things can become complicated very quickly.
With a PEO, you don’t have to worry about any of this. A PEO can serve as your company’s payroll processor. This, in turn, gives you back the energy and time you would otherwise spend doing your payroll and taxes and double-checking them for accuracy. Most PEOs also use their own software to ensure they are accurately maintaining financial and HR records. This takes the stress off you!
Larger Company, More Responsibilities
The best thing you can see happen to your company is for it to grow. But once your company is established, your responsibilities increase and there are more laws for you to follow. This is where a PEO can be beneficial.
When you hire a large number of employees, you need to be able to communicate the policy and procedures of your company to all of them. Typically, companies do this by handing every employee an employee handbook. A PEO can help you design a handbook that includes everything you need your employees to know about your company and what you expect from them. A PEO can also help with new hire paperwork and training.
Essentially, a PEO can help with every task that would otherwise bog your company down. From unemployment claims to employment verifications, a PEO can do all of that administrative work for you so you can focus on continuing to grow your company.
Another sticking point for many businesses is their benefits package. Some don’t offer any benefits at all. Others offer a meager benefits package that, while better than nothing, is less than satisfactory. They have a high turnover rate because their dissatisfied employees are always looking for something better — and leave when it comes along.
A PEO can get you better rates so you can offer a more competitive benefits package. A PEO can also help you improve your benefits package so you can offer benefits you were never able to offer before. This includes educational incentives, group discounts, retirement plans, and life insurance packages.
Larger companies typically enjoy better health insurance rates, so they can offer better medical and dental packages than smaller companies. However, if this has been a struggle for you, a PEO can take the struggle out of it and make your company more attractive to new and present talent.
Work with NetPEO to Find the Right PEO for Your Company
A PEO can be that breath of fresh air you’ve been looking for, and that help you never knew you needed. But with so many PEOs out there, how do you know which one is right for you? And how do you find the time to look? That’s where NetPEO comes in. We know which PEOs specialize in which tasks, and we match up your company’s needs to those PEOs — simple as that!
And our help doesn’t stop there. We’ll occasionally check in with you to double- and triple-check that the PEO we helped you find is indeed the right match for your company.
Give us a call today so we can start your free business analysis that will ultimately change your life. You can reach our team at (678) 376-1212 or send us your information online. You’ll wish you had found a PEO sooner. Call NetPEO today, and let’s get to work!