According to the National Association of Professional Employer Organizations, the use of PEOs to outsource human resources is on the rise in a big way in the United States. Currently, roughly 15% of all businesses use a PEO to outsource their human resources (HR) and accounting needs, and growth within the PEO industry is 14 times as high as the overall growth of the American economy. With these numbers, it is obvious that outsourcing HR is the wave of the future.
However, some business owners may find the idea of wholesale outsourcing unnecessary. Perhaps they wish to have an in-house team of HR professionals handle some of the work while getting a PEO to perform more in-depth services. With a PEO brokerage service like NetPEO, this is possible. While it is usually a better deal to outsource all of one’s HR needs, since working with a PEO is often less expensive than paying the salaries of a full-time, in-house staff, NetPEO provides employers with the option of selecting specific services to outsource in an a la carte fashion.
Services Provided By Our Partner PEOs
When deciding whether or not to outsource services, the most important bit of information is to learn the kinds of needs that are available for outsourcing. PEOs in NetPEO’s nationwide network can handle any and all of your HR services, including the following:
A PEO employs experts in the HR industry and can effectively manage and administer client companies’ payroll. Given the difficulties and complications of local and federal tax codes, withholding items like child support or alimony, and other complex maneuvers, having a skilled team of accountants on your side can greatly enhance the efficiency of your business and boost employee satisfaction.
One of the most important ways of retaining employees and improving worker satisfaction is by offering comprehensive, high-quality employee benefits packages. When a client business partners with a PEO through the co-employment arrangement, the PEO becomes a co-employer of their employees. This means that all the businesses partnered with that PEO can be added into its employee pool, lowering the individual costs of benefits and providing better negotiating power to get top-tier benefits packages.
Workers’ Compensation Claims
Whether it is through the crafting of safety procedures and policies, walking business owners through the Workers’ Compensation process, or helping ensure compliance with legal regulations, PEOs can help client companies with Workers’ Compensation claims. Overall risk mitigation like this is important in lowering your company’s risk profile and reducing unnecessary expenses.
Business owners often need time to focus on the growth of their company, the acquisition of new clients and customers, innovation in their industry, and similar pressing issues. Unfortunately, running a business comes with the need to handle lots of time-consuming work dealing with employee issues like onboarding, the development of harassment policies, recruitment tactics, the creation of employee handbooks, and more. A PEO can help client businesses by providing those services so that employers can focus on the bigger picture.
Reasons to Outsource Your HR Needs
So why the rise in outsourcing? Simply put, hiring a PEO to meet a company’s HR and accounting needs saves serious time and money while providing the business with top-level quality. For example, NetPEO acts as a brokerage service to match client companies with our networked PEOs, and the PEOs and staffers in our network have over 200 years of combined experience in the HR industry.
In addition to saving you time and money, outsourcing your HR needs through a PEO broker like NetPEO can create a buyer’s market in which available PEOs have to work hard to earn your business. This leads to better services, more dedicated professionals, and a better experience overall.
NetPEO’s Proven Track Record
When a business owner is partnering with a PEO, they want to make sure that the PEO is reputable and trustworthy. In this regard, NetPEO cannot be beat. We have an industry-leading client retention rate of 95% and recent surveys have shown that all of our clients list themselves either as satisfied or extremely satisfied with the services our PEOs provide. If you are looking to outsource some or all of your HR needs, look no farther than NetPEO.
The reason for our stellar performance is a determined dedication to client satisfaction. Unlike some other PEO brokerage services, NetPEO stays with client companies throughout the duration of their partnership with one of our networked PEOs. This allows us to check in regularly on the satisfaction level of business owners and to deal with any problems as soon as they arise.
Find a PEO For Your HR Needs Today
Though every company can benefit from partnering with a PEO, HR outsourcing is especially crucial for smaller companies with between five and 100 employees. It does not matter which industry your business falls into: one of our networked PEOs will be able to help with your human resources and accounting needs.
To start the process of finding the perfect PEO for your company, get in touch with NetPEO today. Simply call us at (678) 376-1212 or fill out the form on our contact page. One of our representatives will be in touch with you shortly to start providing your company with the services you need to grow your business.