Most professional employer organizations (PEOs) are private companies. Therefore, their financial statements are not available for the public to review. That said, you should still do a thorough job researching PEOs before you decide to partner up with one.
Similar to any other business out there, you should be able to find information on a PEO’s reputation with past and current clients. You should also be able to find proof of their financial history. A PEO can change your life and business for the better, so it’s worth looking into further. If you don’t have confidence that you can do this on your own, NetPEO can help. Call us today at (678) 376-1212 to learn more.
How NetPEO Can Help You Vet a PEO
Since there are so many PEOs out there, we here at NetPEO can save you hours of time and energy by conducting the search for you. We can help you find the PEO that will do right by your business.
The first thing we will check is whether the PEO you are interested in is both licensed and registered. From there, we will check to see if they have a history of handling taxes and benefits plans appropriately. Many PEOs are able to give their clients an accountant’s certification that they have audited their financial statements. We make sure the PEO you are interested in can provide that proof.
Why are audited statements so important? Depending on the state, there may be laws requiring PEOs to have copies of audited financial statements on file. If they’re not following those laws, how can you be sure they’ll comply with the state and federal labor laws your company must follow? If they don’t have copies of these statements, you can’t be sure they are keeping accurate and complete records for their clients. This is not good.
Benefits a PEO Can Offer Your Company
When you finally find the right PEO for your company, you’ll find your world turned upside-down – in a good way. The right PEO can save you more time and energy than you ever thought possible. It can eliminate all the stresses involved with your tax liabilities and HR responsibilities, and it can handle every aspect of hiring and firing employees for you.
Of course, you can give a PEO as much or as little responsibility as you want. It is up to you to delegate the tasks you want your PEO to handle. A PEO broker like NetPEO can help you wade through the many PEOs out there to find the exact match that will benefit your business the most.
If you can’t seem to retain current employees, or gain new ones, due to your company’s lacking or nonexistent benefits package, you can change all of that with a PEO. A PEO can get you access to benefits plans you never thought possible, and at affordable rates to boot!
A PEO can help you improve your benefits package to make it something worth staying for. You can also add options to it that you may not have thought possible, such as retirement plans and education incentives.
If your business is on the smaller side, then you know the rates for the “better” plans are through the roof, and you’ll never be able to give your employees the coverage they need. Or will you? With a PEO on your side, all of that changes. Call NetPEO today at (678) 376-1212, and let’s find the perfect PEO for your business together.
If you don’t have an HR department, or if your HR department is sparse, a PEO can help you beef that up, too. Never again will you have to worry about how to balance running your business with paying your payroll and taxes on time. You also don’t have to worry about sacrificing precious hours training new hires when you could be out there making money.
Not only that, but a PEO can help protect you from the “just in case” types of situations. For instance, a worker’s compensation claim could lead to your business going under if the employee believes you were at fault. A PEO can help you find the right insurance to cover yourself in the event of a lawsuit so that you don’t go bankrupt if the court forces you to pay out on a settlement.
PEOs can help with everything from drug tests to employee handbooks, from sick time to paycheck stubs. You tell your PEO what you need, and they’ll work with you on how to handle it. Talk about a relief!
NetPEO Can Help You Find the Right PEO for Your Business
A good PEO fits your company like a good suit. It can help you feel like someone willingly took half the stress away from you and put it on their own shoulders. Whether it’s finances you need help with or HR responsibilities, a PEO has your back and can literally save your business.
Our team at NetPEO is standing by, waiting to help you find the PEO that will change your life and improve your business. Call us today for a free analysis at (678) 376-1212, or send us your info on our website. It may sound like the impossible, but we will find the right PEO for you out of the nearly 1,000 PEOs on the market today.
So, call us today, and let’s work together to make your business the best it can be!