You may be surprised to learn that hundreds of thousands of businesses work with PEOs on a daily basis to improve the way they respond to the needs of their businesses. Specifically, the PEO industry offers support to between 150,000 and 180,000 businesses every year. This translates to between 2.5 and 3.5 million people receiving the benefits a PEO provides.
Small businesses who work with PEOs have seen their business grow 7-9% faster, have a lower employee turnover rate, and are 50% less likely to go out of business. As you can see, a PEO can have more than a significant impact on a company’s charted course — it can mean the difference between life and death for a business.
If you, too, would like to take advantage of all a PEO has to offer, give our team at NetPEO a call today at (678) 376-1212 or send us a message on our website. We will create a free analysis of your business, which we will then use to match you to the best possible PEO for your business.
Benefits of a PEO
A PEO can help businesses large and small with so many things. They can review and keep track of your taxes and payroll to keep both your employees and the government happy. They can file all your paperwork on time, so you keep up with state and federal labor laws. They can also help you retain employees, which ultimately cuts the costs of finding and training new talent.
Some companies have no HR department, while others have HR departments that could use a little help. For this reason, a PEO can provide as much or as little service as you need. It may seem trivial, but the better your HR department runs, the better your business runs in general. Your financial concerns will be minimal, and your employees will be happier, which can benefit you in many ways.
Plus, you don’t have to fret over HR issues when you trust a PEO to do it all for you. This means you don’t have to pull yourself away from your business to tend to administrative duties that someone else could handle.
And when you partner with a PEO, you don’t have to worry about training someone new to handle your paperwork. A PEO already knows what to do. You just tell them what you need. Then they can start organizing your business starting on day one.
Many businesses team up with a PEO to take advantage of better insurance packages. Maybe they are meeting their HR needs, but they wish they could offer a better insurance package or just make the package they’re already offering more affordable. A PEO can help you do this.
PEOs can combine employees from several companies to form a larger group. Then, through that PEO, the employees of those small businesses can gain access to benefits that only employees of big companies typically enjoy. With a PEO, you can offer your employees 401(k) plans; insurance plans of all types, including health insurance, dental coverage, and life insurance; and even things like educational incentives and dependent care.
A PEO can help you offer all these things at an affordable rate. This makes you happy because it saves you money. And it makes your employees happy because it’s less money out of pocket for them. Happy employees stick around. One of the most effective methods of keeping them happy is offering them good insurance.
Work with NetPEO to Find the Right PEO for Your Business
You may be able to find the perfect PEO on your own. That would be great! But if you don’t have the time, or you worry you won’t be able to find a PEO you can trust, our team at NetPEO is here to help.
At NetPEO, we pride ourselves on finding that one PEO out of hundreds that will make a perfect match with your business. However, even we can make a mistake, which is why we don’t simply match you to a PEO and leave you to it. We’ll check in with you occasionally to make sure it’s still a perfect match. If not, we’ll jump right back into that search and find you a more finely tuned PEO who can better fulfill the needs of your business.
Call our team at NetPEO today for a free analysis of your business. We’ll then compare that analysis to the services PEOs operating today can offer to find the one that fits your company criteria. Reach us at (678) 376-1212, or send us a message on our website. Call NetPEO today, and open your business up to possibilities you never imagined!