A PEO, or Professional Employer Organization, can help businesses cover important HR services. While outsourcing HR needs to a PEO is a technique often used by larger corporations and big businesses, smaller companies with between five and 100 employees can especially benefit from the services that a PEO can offer. At NetPEO, we act as a PEO brokerage service to match you with the perfect PEO for your company’s needs.
By using a PEO rather than hiring a full-time, in-house HR staff, small business owners can save money in the long run. This is because the cost of outsourcing to a PEO is often much less than paying salaries for a permanent in-house staff.
Another benefit of using a PEO is that it saves business owners valuable time that they otherwise might spend on tasks like payroll management. This frees owners up to focus on the things that make their business unique and can lead to quicker and more stable growth. In fact, a study by the National Association of Professional Employer Organizations found that businesses that used a PEO:
- Experienced 7-9% faster growth
- Had 10-14% less employee turnover
- Were 50% more likely to remain in business
By using a PEO for your HR needs, you ensure that your business is being cared for by experts in the industry who are backed by many years of experience. For example, our nationwide network of PEOs at NetPEO have more than two hundred years of combined experience helping companies with HR solutions.
Services and Benefits of a PEO
Not only does using a PEO make sense due to the hassle, time, and money it saves you, but doing so also gives you access to a wider variety of services to fit your company’s needs. It is often the best deal to outsource your company’s entire HR department to a PEO, but NetPEO also allows clients to select specific services on an individual, a la carte basis.
PEOs can handle your payroll management needs by handling all of your accounting paperwork. Many also provide employees and employers with online access portals for easy viewing of pay periods.
Since PEOs serve many businesses at once in a co-employment relationship, their pool of employees is much larger than a single business can provide. This means that they are able to provide high-quality employee benefits packages that otherwise might be too expensive for you to provide on your own.
One of the biggest headaches that many business owners face is sifting through the mountains of red tape that accompanies both federal and local labor laws. When you use a PEO, you can be sure that the people handling your legal compliance issues know the laws inside and out, preventing potentially costly errors.
Another need that can be met by using a PEO is the handling of employee administration matters. This can include services like:
- Recruitment of top-tier talent
- Training of employees
- Development of employee manuals
- Writing and enforcement of harassment policies
These services merely scratch the surface of what a PEO can do for your company. You can use a PEO to meet all of your HR outsourcing needs.
Using NetPEO Brokerage Services
NetPEO can help you find the perfect PEO to meet your company’s unique assortment of needs by acting as a PEO brokerage service. The process is simple. First, we meet with you to discuss your company’s situation and HR needs. Once we have a profile of the kind of PEO you require, we match you with a few PEOs from our nationwide network.
After we have matched you, your company can select the PEO with which it wants to work, and you sign a co-employment agreement to begin your working relationship.
However, the work of NetPEO does not stop there. What sets us apart from others in our industry is that we stay with client businesses throughout the duration of their use of the PEO. We use our experience to predict any potential issues before they arise, and we regularly check in with clients to ensure that they are satisfied with the services of their PEO.
In recent surveys, 100% of clients said that they were either very satisfied or extremely satisfied with the services of their PEO. This has led us to an industry-leading 95% client retention rate.
Find The Perfect PEO Today
If you are the owner of a small business or a mid-sized business with between five and 100 employees, you are uniquely poised to benefit from the use of a PEO rather than providing your HR needs in-house. To find the right PEO to suit your needs, get in touch with NetPEO. We can start the process of matching you with several of our networked PEOs. Simply fill out the form on our contact page or call us today at (678) 376-1212.