The short answer to this question is: absolutely not. You only need to buy the products and services that work best for your business. A PEO is great that way. You can have either an a la carte relationship with a PEO or sign up for a full-service package.
You can partner with a PEO to beef up your HR department and work to retain employees. Or maybe your busy schedule makes it difficult to comply with all state and federal labor laws that apply to your business. No worries — whatever you need a PEO to help you with, NetPEO can find the perfect PEO for you.
Call NetPEO today at (678) 376-1212 for a free analysis. We can better place you with the perfect fit of the many PEOs that are out there operating today.
Create or Assist Your HR Department
An HR department is important for the efficient operations of your business. Specifically, your HR department helps you take better care of your employees. They also help you stay in compliance with the laws governing your finances, specifically taxes and payroll.
If you’re still writing checks to your employees from the company checkbook, and they’re not always on time, you may want to consider teaming up with a PEO to help you handle your payroll. That way, your employees never have to deal again with handwritten checks that the bank can’t make out or checks that arrive too late.
You can also take better care of your new hires when you have a fully functioning HR department. A PEO can set up everything from job descriptions on job boards to training for those new hires to whom you give the green light. A PEO can be as hands-on or as hands-off as you need them to be.
Additional services you may want to entrust to a PEO can include:
- Drug testing
- Distributing and filing W-2s and 1099 forms
- Creating and distributing employee handbooks
- On-site and/or off-site training
- Worker’s compensation claims
- Employee lawsuits
- Keeping track of employees’ paid time off
- Employment verifications
Simply put, if you would trust an HR department to handle it, then you can hire a PEO to help you manage it.
Employment Practices Liability Insurance
A PEO can provide support to your business on claims related to Employment Practices Liability Insurance (EPLI). You may not have an EPLI policy now, but it is certainly a good idea to carry this kind of insurance if you own a business.
Simply put, you never know what’s going to trigger a lawsuit. An employee may suffer an on-site injury and blame you for negligence. He may file a wrongful termination lawsuit after you let him go or a discrimination lawsuit based on a simple misunderstanding. No matter the reason, a lawsuit can put you out of business for good.
EPLI can also cover claims related to defamation, breach of contract, and invasion of privacy. EPLI does not usually protect you against worker’s comp-related claims, but no matter. A PEO can help you find an additional insurance policy at a minimal cost to protect you from potential harm.
A PEO can help you find an EPLI policy at an affordable rate. A PEO can also manage any claims that come in and direct them to your EPLI carrier so that nothing falls through the cracks. Covering all your bases can protect you in the long run and save you lots of time, heartache, and money — and that’s what a PEO does best.
Insurance Benefits and Other Perks
One of the products you may choose to sign up for through a PEO is a health or life insurance plan. If you currently have a health insurance plan in place and it’s costing you and your employees an arm and a leg, a PEO can help you find a more affordable plan that will put money back in everyone’s pockets. And if you are not yet able to offer your employees health insurance, a PEO can help you find a plan that makes such a thing possible for your business.
The benefits you offer your employees largely determine whether they will stay with your company or seek employment elsewhere. When you have a better plan in place, you have a better employee retention rate, which also saves you money on training someone new. However, when the day comes that you inevitably need to hire new talent, your improved benefits package will make your company look even more attractive to the right candidates.
Call NetPEO Today and We’ll Match You to the Perfect PEO!
At NetPEO, we can easily find a PEO to support your business that might otherwise be a painstaking search for you. And our help doesn’t stop there. Once we set you up with a PEO, we’ll check in with you to make sure the match is still a good one. If not, let us know, and we’ll do the necessary work to find the PEO that will work best for you.
Call us today for a free analysis of your business. You can reach the friendly and supportive team at NetPEO by calling us at (678) 376-1212 or sending us a message on our website. A PEO can change your life and change the course of your business for the better. So don’t delay — call us today!