The idea of “co-employment” is that a business forms an arrangement with a PEO wherein the employer remains in charge of his employees’ day-to-day activities. Meanwhile, the PEO handles HR responsibilities. Put another way — you’re still the boss over your employees. It’s still up to you to make sure they’re doing their jobs correctly every day. On the other hand, the PEO takes care of your employees’ needs, whether they relate to training, payroll, or benefits.
A co-employment arrangement often has positive results when it comes to helping businesses retain employees. When an employee feels like his needs are satisfied, he has a more positive image of the company for whom he works. He is then less likely to leave.
A co-employment arrangement can also help a company accommodate both state and federal laws. This is a comfort to your employees, who feel more secure knowing that their company is on the up-and-up and doing the right thing.
If co-employment sounds like a good idea, then our team at NetPEO can help! Give us a call today at (678) 376-1212 to get started.
A Better Functioning Human Resources Department
When you sign up for co-employment with a PEO, you have just taken the first step to bettering your HR department. Even if you don’t already have an HR department, a PEO can help. This is because a PEO works like an outsourced HR department. You trust a PEO with all your HR-related needs, including worker’s compensation claims, payroll, and taxes, and the PEO will handle the rest.
With a PEO, you’ll never be late making payments to the government, if you have to make any at all. Your employees’ paychecks will never be late or wrong, and your employees’ paid time off is better managed. You don’t have to worry about training new employees or laying off dead wood. A PEO can help with as many, or as few, of these things as you need.
The Recruiting Process
The recruiting process alone can suck the time, energy, and resources out of a company. Everything from creating a clearer job post to training a new person may be too much for a smaller company to handle. Even larger companies may have difficulty keeping up. This is especially true if they normally have a high turnover rate.
A PEO can help with every HR concern you can imagine, including:
- Employment verifications
- Drug testing for both new and current hires
- Creating employee handbooks
- Filing W-2s and 1099s
Worker’s Compensation and Other Claims
Suppose an employee gets hurt while on the job. He files a worker’s compensation claim, but he also believes you were negligent, so he files a lawsuit against you too. A PEO can help in both of these situations. A PEO can manage worker’s compensation claims for you. A PEO can also help you find the right kind of insurance policy to protect you and your company in the event of a lawsuit.
In certain situations, a lawsuit can bankrupt a company. When that happens, you lose everything you have ever worked for, and your employees are out of a job. A PEO can save you from this tragic fate. A PEO can give you the tools you need so you are better equipped to handle a situation like this.
A Better Benefits Plan
One of the best values of co-employment with a PEO is the fact that you can enjoy a better benefits plan. A PEO can get you access to better rates for better insurance. This not only makes you happy because it saves you money, but it also makes your employees happy by giving them access to better benefits.
If you already offer a competitive benefits package, a PEO can help you make it even better. Do you currently offer your employees a retirement package? Many companies do, but what many companies do not offer is an educational incentive. When your employees can afford to go back to school, they can receive better training and advance to the positions you need them for most in the company.
Benefits aren’t just about medical coverage, though that is certainly important. A PEO can help you offer benefits you never even imagined you could provide — with benefits to your company that you never before imagined you could enjoy.
Team Up with NetPEO to Find the Best Co-Employment Partnership for Your Business
At NetPEO, co-employment is the name of our game. We specialize in finding the right PEO to form the right partnership with the right company. It’s like matchmaking, but on a professional level, and we want to help you find the PEO that’s going to change your life for the better!
Call our team at NetPEO today at (678) 376-1212, or send us a message on our website. We’ll work with you to develop a free analysis of your business, which we will then match up to one of the several hundred PEOs operating today in an effort to find you the best possible match. And if the first match isn’t a success, we’ll keep trying until you are completely satisfied.
You’ve never imagined an experience like the one you’ll enjoy when you partner with a PEO. Call NetPEO today and let us help you find it!