When outsourcing human resources and accounting services, business owners and employers have a lot of choices to make. According to the National Association of Professional Employer Organizations, there are over 900 professional employer organizations (PEOs) across the country that perform outsourced HR work for struggling businesses.
Companies shouldn’t have to sift through all those PEOs to find the one that suits their needs. Luckily, NetPEO can conduct a thorough assessment of your business and match you with a provider that specializes in the services your organization needs to improve and grow.
NetPEO Will Help Your Compare Providers and Narrow Down Your Options
At NetPEO, our extensive, nationwide network of PEOs represents the best of the best. With over 200 years of combined industry experience, the PEOs in our network can be trusted to handle all your business’s HR outsourcing needs. The only problem is, it can be hard to find the right PEO for your company when there are so many terrific options to choose from.
Fortunately, we handle all the difficult work of sifting through potential PEOs for you. The process starts with a thorough assessment of your company’s needs. Next, our representatives will match those needs with a handful of in-network PEOs that best fit the services required by your company.
Once we have whittled down the choices to a select few, we’ll let you make the final decision. We’ll provide you with a short list of the PEOs we think could take your business to the next level. Once you’ve decided on one, we’ll draw up the necessary paperwork and you’ll be officially partnered in no time.
Understanding the Co-employment Relationship
In order to compare your PEO options, it helps to understand the co-employment relationship you enter once you’ve partnered with a provider. Many business owners get the wrong idea about co-employment, and it scares them away from a partnership that could be the difference between their company closing and staying open for business.
A lot of executives in the business world think that entering into co-employment means they’ll have to give up control and decision making power, but that couldn’t be further from the truth. When you partner with a PEO, you’ll retain all your authority. In fact, you’ll be able to decide exactly what duties you want your PEO to handle.
Choosing the Right PEO Payment Plan
One of the top concerns of any responsible business owner is the cost of outsourcing their HR needs to a professional employer organization. Since outsourcing requires your organization to enter into a long-term co-employment relationship, it is essential to partner with a PEO whose payment method works for your business and your budget.
In general, there are two payment methods you can choose from. Our brokers will explain both of them to you and help you determine which one suits your needs. Then, they’ll help you find a PEO that accepts your preferred payment option.
One Flat Rate Per Employee, Per Month
The first option is to pay a flat fee for each employee every month. This is often useful for companies with few employees or with employees who earn particularly high wages. It is also helpful for companies looking for a predictable monthly charge for budgeting purposes.
Percentage of Payroll
Another option offered by many PEOs is to charge a percentage of their client company’s overall monthly payroll. This payment method can be useful for businesses who have a large number of employees earning lower wages, as a per-employee fee could be cost-prohibitive.
HR Outsourcing Service Options
When weighing multiple PEO options, you’ll also want to compare the services each provider offers. That’s because it’s important to make sure that the PEO you choose can effectively manage the payroll and human resources functions your company needs assistance with.
The PEOs in our nationwide network offer a variety of helpful administrative services. In fact, you can choose to outsource your entire human resources department. However, if you just need a few individual services you can choose which ones you want on an a la carte basis.
PEOs can offer payroll management services to client business owners. This includes handling the day-to-day paperwork involved with payroll, offering online employee portals, dealing with wage garnishments and union dues, and similar tasks.
Employee Benefits Administration
Employee benefits are incredibly important for attracting the best talent in key positions. Our PEOs, thanks to the co-employment relationship, can add each client company’s employees to their overall employee pool.
This means they have better bargaining power to secure top-tier benefits packages and can spread the costs of those benefits across more employees, effectively lowering the cost for individual workers.
By having a lower risk profile, companies can attract investors and employees, and also generate a better public profile to bring in more customers. If your business is having a hard time mitigating risk, we can match you with a PEO that can help.
Some of the risk reduction services offered by PEOs include the development of anti-harassment policies, distribution of employee handbooks, compliance with local and federal labor laws, workers’ compensation claim management, and more.
Consider Data Security When Comparing PEO Options
We are living in an age where data security is becoming more and more important every day. A data breach could land your company’s sensitive information in the hands of a dangerous cybercriminal, which is why it’s crucial to choose a PEO that handles your data with care.
At NetPEO, we have a number of providers in our network that understand how essential data security is to a small business. If you want to protect yourself and your employees from cybersecurity threats, we can help you choose a PEO that will safeguard your information from malicious actors.
Work With NetPEO to Find Your PEO Today
Our goal is to help business owners compare PEO options and find the provider that suits them best. We have sky high customer satisfaction and client retention rates, because we stay in touch with our clients even after they’ve partnered with a PEO. This allows us to anticipate and solve any customer satisfaction issues immediately and keep our clients happy.
If you are a business owner or employer looking for HR outsourcing solutions, get in touch with NetPEO today. You can reach us by phone or by filling out a contact form on our website. One of our representatives will reach out to you shortly to schedule a FREE, no-obligation consultation and quote on our services.