The benefits of a professional employer organization (PEO) to a business of any size are invaluable. Simply put, if you’re overworked, then you can’t tend to every need in a timely fashion. This can cause your employees to lose trust in both you and the company and decide it’s time to find a new job elsewhere.
One of the many reasons why a business would use a PEO is because a PEO can help them retain employees. You may think: if they’re unhappy, let them leave. However, it is less cost-effective to train new employees and allow room for error during their learning curves than it is to simply hold on to the people you already have.
This isn’t the only thing a PEO can help your business with. When you’re busy, it’s easy to lose sight of things like taxes and HR issues. A PEO can keep you current with all the state and federal labor laws that apply to your business. A PEO can also manage your employees’ HR claims to ensure you are treating them fairly and with respect.
If you would like to learn more about how a PEO can help your business, give NetPEO a call at (678) 376-1212. We can advise you on which PEO would be best for your business, then work with you to help you find one.
Assistance with Your HR Department
Some businesses have no HR department, or barely an HR department at all. This can become a problem for everything from employee paychecks to conflicts between employees.
And a lackluster HR department isn’t just a problem for your employees. It’s a problem for you too. When you can’t keep up with your payroll and taxes, your employees are more likely to receive their paychecks late. They may even receive checks with incorrect amounts. You also subject yourself to penalties and fines by not tending to your taxes on time. Would you want to work for someone like that?
If this sounds like your current business model, then a PEO could be a lifesaver for you. A PEO can become a fully outsourced HR department or just take on whichever tasks you need help with. How much responsibility you entrust to a PEO is entirely up to you. Your relationship can function a la carte or include the whole dessert.
Other tasks PEOs can help with include but are not limited to:
- Drug testing
- New hires
- Managing sick and vacation time for current employees
- Conducting employment verifications
The list goes on. If an HR department can do it, a PEO can help you manage it.
Insurance and Other Benefits
Another reason why a business might use a PEO is for the available benefits packages alone. If you have never been able to offer your employees a good insurance policy, or any insurance policy at all, a PEO can help you change that.
Small businesses don’t get the same discounts that large corporations do, which is why the insurance packages they carry tend to fall short. Insurance companies prefer when larger groups sign up for their plan, but what happens if your company does not consist of a large group?
A PEO opens the door to a variety of benefit plans you may never have realized your company could ever offer. We can also help you find — and get — better rates than you would be able to secure by yourself.
Further, if you’ve been able to offer your employees health insurance but not much else, a PEO can also help you improve the package you already provide. Educational incentives, 401k accounts, and disability packages all become possible with a PEO.
New Hire Support
Your business is growing, and you need more people. The downside, of course, to a steadily growing business is that you may not have time to train those people you so desperately need. That’s where a PEO comes in!
A PEO that specializes in recruitment and training can help your hiring process run more efficiently. Depending on how involved you want the PEO to be, they can even create a better description for the job you need to fill, then work with your hiring manager to fill it with the right candidate.
A PEO can discuss exactly what you need from a particular role and customize a training seminar for you. We can help you host it online or on-site — whatever’s easiest for you.
NetPEO Can Help You Find the Right PEO for You
The right PEO serves as that helping hand you never knew was there, and that you never knew how much you needed. A PEO can give your company the time and resources you need to help grow your profits while the PEO takes care of your business for you.
For a free analysis that will ultimately match you to your perfect PEO, reach out to NetPEO today at (678) 376-1212. You can also send us your contact information online. Call NetPEO today and experience relief!