If you have a small or medium-sized business in Miami, you know that there are many administrative tasks that can keep you away from running your operation. That’s why so many businesses turn to professional employer organizations (PEOs) to meet their changing HR needs. However, finding the right PEO can be just as time-consuming as trying to handle all your HR needs by yourself.
A PEO broker in Miami, like NetPEO, can take the stress out of finding a PEO that can meet the needs of your growing business. If you’re ready to find your next PEO partner, you can call one of our experienced brokers at (678) 376-1212. You can also leave your contact information using the form on the side of this page and one of our representatives will be in touch within about 48 hours.
Your Business can Grow Better and Faster with a PEO
When running a business, any decision can have major repercussions. The idea of trusting an essential aspect of your business, like HR administration, to an outside company might feel nerve-wracking.
However, trusting the right PEO can end up being one of the best decisions you make as your business moves to expand. According to research done by the National Association of Professional Employer Organizations (NAPEO), businesses that choose to partner with a PEO for their HR needs tend to end up better off than similar businesses that choose to keep their HR administration in-house.
NAPEO’s research found that businesses who partnered with a PEO:
- Were 50% less likely to go out of business
- Saw a 10% – 14% reduction in employee turnover
- Expanded their business at a rate that was between 7% and 9% faster
Not only that, businesses who signed up with a PEO saw a drop in an important overhead cost. Businesses who outsourced their HR needs to a PEO were found to spend nearly $500 annually on administrative costs per employee.
How a PEO Broker Like NetPEO Works
If you’ve never worked with a PEO before or weren’t satisfied with the one you partnered with previously, you may not be sure how a PEO broker works. In short, a PEO broker hunts down organizations that can help you solve your HR outsourcing needs.
NetPEO starts by learning more about you and your business. We gather information from you about how your business, starting with some basic information about your industry and how many employees you have. From there, we find out how you want to expand and what sorts of HR services you’re looking for. Whether you’re looking for a total HR solution or you only need assistance with a few key HR functions, we’re ready and able to help.
With your information in hand, our PEO brokers scour our national network of PEOs to find the right partner for your HR needs and your budget. Once we’ve narrowed down a handpicked list of potential partners, we help you interview these organizations until you find one that you feel will work best with your business. We’ll help you negotiate the terms of your agreement, and we’ll be there for you if you ever find that your business needs have changed.
Paying for a PEO
Part of our considerations when we’re helping you find the right PEO partner is what you’re looking to pay for the HR services you need and how you would like to pay. PEOs tend to rely on one of two payment methods:
- Price per employee – You pay a set fee for each of your employees
- Percentage of payroll – You pay a set percentage of your total payroll costs
We will help you set up a payment schedule that works for you. If you have a few employees but a high payroll, getting a set price per employee may be the best bet for you. However, if you have many employees that don’t require a high payroll, you could be better off by paying for a set percentage of your payroll costs.
NetPEO Wants to Find the Right PEO for Your Miami Business
Whether your business has five or 500 employees, NetPEO can help you find the PEO partner that is right for your business. While you might be hesitant to reach out because you’re worried about some hidden cost, you should know that our services to you are completely free.
So, if you’re ready to take the next step towards growing your company, leave a message using the form on the right or call us (678) 376-1212. One of our PEO brokers will be in touch shortly!