PEOs (professional employer organizations) can work with client businesses by entering into a co-employment arrangement and providing human resources and accounting services. Since this can save business owners significant amounts of money, the businesses that most often partner with PEOs include smaller and newer companies with between five and 100 employees.
However, there is no limit to the size of a business when working with a PEO. Similarly, PEOs often work with a variety of businesses in a wide range of industries, such as:
- Real Estate
- Health Care
Even if these industries do not apply to your business, a PEO can help you save money and time. At NetPEO, we work as a PEO brokerage service to pair you with the organization that can meet your company’s exact needs.
Services Provided by PEOs
PEOs are flexible and offer a variety of different services that can apply to businesses of all sizes and in all fields. Even better, the brokerage service of NetPEO sets itself apart from others by allowing client business owners to select services in an a la carte fashion as well as the more cost-efficient wholesale package. Though you save more money by outsourcing all of your accounting and HR needs, the a la carte selection ensures that you do not have to pay for services you do not use.
One huge part of owning and operating a business is ensuring that you are in compliance with applicable local and federal labor laws. For example, there are relatively new requirements related to the Affordable Care Act that affect the way businesses must function. By aligning yourself and your company with a PEO, you align yourself with experts in the industry who can help you keep your business from running afoul of these restrictions.
NetPEO’s partner PEOs have more than two hundred years of combined experience in these industries and can prove to be reliable, indispensable aides to you.
PEOs can take the hassle out of payroll. No employer wants to be bogged down with endless paperwork or to juggle all the employee hours, vacation time, overtime, and wage garnishments that might apply to their employees. Luckily, PEOs can handle all of these problems and more.
Employee Benefits Packages
A major reason to sign a co-employment arrangement with a PEO is to take advantage of their increased bargaining power when it comes to employee benefits. Not only does the co-employment relationship lead to better benefits at lower prices, but PEOs can manage and administer those benefits effectively.
NetPEO’s partner PEOs can provide a full range of administration services to companies in lieu of (or in partnership with) an existing in-house human resources staff. These services can include improved recruiting practices, administration training, organizational development, and even the creation and distribution of key employee handbooks and policies.
Workers’ Compensation Claims
When starting a new business, not many owners have workers’ compensation at the forefront of their minds. Unfortunately, injuries sometimes happen on the job site, and a failure to have the proper infrastructure to handle workers’ compensation claims can lead to costly legal battles and fines.
PEOs in the nationwide NetPEO network have a plethora of experience in these matters. From developing a solid safety manual to assisting with current claims, PEOs may be able to lower the number of incidents involving your business and reduce overall cost spent on workers’ compensation claims.
Risk Management Consultancy
Another way that PEOs can help businesses is by consulting with owners on issues that affect their overall risk. There are two primary ways that hiring a PEO can lower your company’s risk profile. First, the co-employment relationship makes the PEO a co-employer of your employees. This means that some of the risk is spread to the PEO, reducing your risk and making the PEO that much more invested in providing superior services. Secondly, PEOs are staffed with people who perform HR and accounting services for a living. With the more than two centuries of combined experience in NetPEO’s nationwide network, you can rest assured that your company’s risk profile is being handled with care.
Find a PEO for Your Company Today
NetPEO is a PEO brokerage service, which means that we help your company find the perfect PEO for your needs. Regardless of the size or industry of your company, we have PEOs in our nationwide network that can help you with HR and accounting problems.
The way it works is simple. After a FREE initial consultation with you, we develop a profile of your business and match it with several PEOs from our network. You can select the PEO that best suits your company, and then you and that PEO sign a co-employment agreement. NetPEO stays with your business and regularly checks in with you throughout the duration of the co-employment relationship—a commitment to customers that has resulted in our industry-leading 100% client satisfaction and 95% client retention rates.
To start the process for your company today, simply fill out the form on our contact page or call us at (678) 376-1212. Let us help you save money, save time, and relieve some of the pressure of business ownership.