Many companies looking to grow turn to a professional employer organization (PEO). PEOs can allow businesses to offer better benefits to employees at a lower cost. They can also provide your company with:
- Human Resources Administration / Employee Administration
- Legal Compliance Assistance
- Workers’ Compensation Coverage
Each of these benefits can give your company the boost it needs to grow in the current market. In fact, a recent study has shown that businesses working with PEOs:
- Grow 7-9% Faster
- Lower Employee Turnover by 10-14%
- Are 50% More Likely to Stay in Business
Over 150,000 small businesses are taking advantage of the benefits offered by a PEO. Don’t be left behind. You can focus on strengthening your business today with one of the skilled PEO providers who work with NetPEO.
Get Better Benefits with a PEO
PEOs use co-employment to allow small businesses the chance to get the same employee benefit packages provided by large companies. You can offer your workers competitive health insurance plans for a cost you can afford with a PEO.
Impressive benefits can help you draw in high-quality employees who will help your business grow and expand. Your business is also more likely to retain current employees if you’re offering top-tier benefits, which can lower hiring and training costs.
Note that co-employment means that the PEO will sometimes be treated as the employer for your workers. While you retain control over the decisions made by your company, some decisions about benefits and health insurance will be made by the PEO. Pick a PEO company you can trust by choosing a company that has a reputation for customer satisfaction.
PEOs Handle Human Resources Administration
Employee administration can require long hours away from more important tasks for your business. You can get out from under all the paperwork with the help of a PEO. PEOs can take care of a wide variety of human resources administration tasks, including:
- Employee Training
- Performance Management
- Organizational Development
You can also rely on a PEO to create employee handbooks that ensure your employees know what you expect and how to perform their jobs. You’ll have more time to focus on what matters to your business as the PEO handles administrative tasks that would otherwise drag you down.
Setting up and transitioning to a PEO plan can lead to a period of adjustment for your company, but an experienced team can make this process easy. A successfully established PEO company can save you time and money by taking care of your HR tasks.
Stay Compliant with a PEO
There are many state and federal regulations surrounding employee benefits and the human resources field. Your company has to properly handle issues related to:
- Worker’s Compensation
- Worker Safety
- Human Resources Laws
- Tax Structure
PEOs have experience handling compliance issues across the board. A trustworthy PEO can ensure your company stays out of legal danger by making sure you’re following all regulations for HR issues. Additionally, many PEOs provide you with legal protections in the form of insurance in case you are sued by an employee.
Some PEOs can provide impersonal service as they work to keep your business highly competitive. You can ensure you get the personal care you deserve by working with a company known for its customer service and hands-on attitude.
Get Help with Workers’ Compensation Costs
Your business may face high costs for worker’s compensation as you grow. A PEO can help you lower your liability for workers’ compensation. You can get the help you need reducing the number of claims against your business as well as associated costs.
Finding the Right PEO for You
There are many PEOs out there for your business to choose from. Many of them can offer you high-quality benefits, HR administration services, and assistance with compliance with government regulations. Your business may have other unique needs that can be addressed by selecting the right PEO.
Before you select a PEO, make sure you focus on the following important areas:
- Cost structure, contracts, and cancellation policies
- Ability to grow with your company and adjust to your needs
- Options for online user access
- Focus on customer service and IT support
You can look for a company with a history of customer satisfaction and industry success to find a PEO that will work for your business. NetPEO can help with that search!
Grow Your Business with a PEO Today
You can take advantage of the benefits of a PEO to boost your company and to stay ahead of your competition. A PEO can help you offer better employee benefits, ensure you stay compliant with government rules, and handle your HR administration responsibility. NetPEO works with numerous PEO firms and can help you find the solution that fits your unique needs.
Contact us at (678) 376-1212 or fill out the website contact form to find out how NetPEO can help you and your business.