When outsourcing human resources and accounting services, business owners and employers face many choices. 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 companies in need. But companies should not have to sift through all 900 PEOs to find the one that best suits their human resource services situation.
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 of a client business owner’s HR outsourcing needs. Plus, we handle all of the difficult work sifting through possible PEOs for our clients. The process starts with a thorough assessment of a company’s needs, and then our representatives match those needs with a handful of in-network PEOs that best fit the services required by that company.
Once we have whittled down the choices to a scant few, a client business owner can choose between them to find the perfect PEO for their company’s needs. By working with us, business owners can greatly reduce the amount of time needed to select the best PEO.
Choosing the Right 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 companies are going to be involved in a long-term co-employment relationship with the PEO, it is vital to partner with a PEO whose payment method fits their budget. In general, the cost of a PEO can come in two distinct forms.
One Flat Rate Per Employee, Per Month
The first payment method available to business owners is 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 used by many PEOs is to charge a percentage of a client company’s overall monthly payroll. This is particularly useful for businesses who have a large number of employees earning lower wages, as a per-employee fee could be cost-prohibitive.
By working with NetPEO, a client business owner can decide which payment method is best for their business and reduce the total number of PEO options to just those that offer such a payment method.
HR Outsourcing Service Options
Of course, the next criterion used to select a PEO is the services needed by the client company. A business owner wants to make sure that the PEO they choose offers exactly the services that their company needs. The PEOs in our nationwide network offer a wide range of services. In fact, our PEOs can be used to outsource an entire human resources department or to select individual services on an a la carte basis to supplement an existing HR staff.
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 individual cost.
By having a lower risk profile, companies can attract investors and employees, and they can generate a better public profile to bring in more customers. 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 handling, and more.
Work With NetPEO to Find Your PEO Today
NetPEO works as a PEO brokerage company. Our goal is to connect client business owners with the right PEO in our nationwide network. Backed by industry-leading customer satisfaction and client retention rates, we stay with our client business owners as long as they are partnered with our in-network PEOs. 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 at (678) 376-1212 or fill out the information on our contact page. One of our representatives will speak with you shortly to offer a FREE, no-obligation quote on our services.