As a small business owner, there are many tasks where you feel that you could use an extra set of hands. If you’re struggling with HR-related functions, a professional employer organization (PEO) may be able to simplify your life and let you focus on running your business. Among the many services they can provide, the right PEO can assist with employee training on top of more traditional rolls in payroll and benefits administration.
NetPEO is a PEO broker that has helped businesses across the nation find a PEO to meet their HR needs. We interview you to determine what you need for your company operate smoothly. Then, combing through our national network of PEOs, we provide you with a carefully selected list of potential PEO partners that offer the services you need. If you’re in the market to save money and take some of the stress out of running your own business, NetPEO is here to help.
A PEO is an organization that offers small to medium size businesses HR services that may only available to much larger companies. There are many services that are available to you when you partner with a PEO. However, when you sign a co-employment agreement with a PEO, you only agree to the services that you believe will help your business grow.
Payroll and Benefits
One of the most common arrangements businesses make with a PEO is the handling of payroll and benefits administration. Employees of your business have their paychecks and benefits handled by the HR professionals at your partner PEO. As an added bonus, your employees may be eligible to participate in higher-quality insurances plans, thanks to the co-employment agreement that allows the PEO to include all partner organizations in a single insurance pool.
Liability and Worker’s Compensation
You can arrange to use the PEO to assess and monitor your potential liabilities. This includes managing your compliance with federal labor laws and consulting on worker safety issues. In addition, your PEO partner can handle any worker compensation claims that arise, as well as offer discounts on worker’s compensation and state unemployment insurance.
Employee Training and More
A PEO can handle a variety of services aimed at recruiting, retaining, and improving your employees. PEOs can create strategies to recruit the top talent your business needs to grow or draft employee handbooks and other procedures to simplify onboarding for new employees. The PEO can also offer methods of employee training that you might not otherwise have access to.
For example, say you’d like to offer your employees the opportunity to learn new skills to help your business grow. However, coordinating the right time for you to train your employees on these skills is difficult for everyone. Either you sacrifice time you need to run the business, or you can’t offer the training.
With a PEO, you can instead find another way to help your employees and grow their skills. A PEO can assist you with employee training in a variety of ways. This might include giving your employees access to internet-based learning sites, offering custom training with an outside expert, or even creating new seminars just for your employees.
PEOs Help You Keep Your Employees
With all the benefits that a PEO can offer your employees, it shouldn’t be surprising to learn that you’re more likely to keep your employees when you partner with a PEO. A study from 2014 by Laurie Bassie and Dan McMurrer of NAPEO found employees were more likely to stay with a business that had joined with a PEO than one that hadn’t. Not only can your employees receive more training opportunities, but you can save money by retaining the best talent.
NetPEO Wants You to Find the Right PEO
At NetPEO, we know running a business can be exhausting. We believe that finding a PEO that has the services you need doesn’t have to be stressful. You let us know what you need for your business and we find the PEOs that can get the job done. If all you want is a PEO that can assist with employee training and payroll administration, we can help you find one with the expertise you need.
Contact us today to learn more about how NetPEO can help you find the right PEO for free. Our PEO brokers are standing by at (678) 376-1212 and through the forms on our website. We will stick with you through the selection process and make sure you’re completely satisfied with your new PEO partner.
Don’t wait to save yourself time and money – call us today!