Are you looking for an Illinois PEO company to help your business attract and keep employees while providing human resources (HR) solutions? Our team at NetPEO has decades of experience helping businesses like yours connect with PEO firms.
We consider your unique needs and provide you with access to PEO companies that can offer the services you want. From government business compliance to payroll, workers’ comp claims, benefits disbursement, and improving company culture, we can do it all.
What Does “PEO” Stand for?
PEO stands for professional employer organization. These companies operate as your partner through a co-employment relationship. In basic terms, they act as the employer for your employees when it comes to handling benefits and HR duties.
However, you maintain control over:
- Hiring employees
- Training or guiding employees
- Firing decisions
When you work with a PEO company in Illinois, you maintain control of your company and keep working towards your vision. In addition, the PEO firm supports you, taking on time-consuming tasks so you can focus on serving your customers.
How Can an Illinois PEO Firm Benefit You?
A PEO company can provide you with numerous benefits in Illinois. Many companies hire a PEO firm because these companies help you:
- Attract employees who have the skills you want for your business
- Provide solid benefits without exceeding your budget
- Reduce staff turnover while boosting employee loyalty
Additionally, a PEO firm can provide you with all the services offered by an HR department, allowing you to reduce your payroll expenses. When you let a PEO company handle your HR needs, you get extra help complying with all local, state, and federal regulations.
We use our extensive experience to help you find a PEO firm in Illinois that meets your unique needs.
How Many Employees Do You Need for an Illinois PEO?
PEOs often serve small- and medium-sized businesses with around five to 500 employees. However, you can join a PEO if you have as few as two employees, allowing you to access enterprise-level benefits.
Additionally, larger companies may also choose to work with a PEO to access additional benefit packages and assistance with HR requirements.
What Is the Difference Between an Illinois PEO and a Payroll Company?
Payroll companies offer companies HR services. These firms help track employee pay and can issue checks, allowing you to free up your time to focus on other aspects of running your business.
An Illinois PEO company can handle these tasks and provide additional care for your company. In addition, PEO companies can offer access to robust benefits packages that can help you attract and keep employees while saving money.
While both payroll companies and PEO firms can help your business, PEOs offer more services.
How Do Co-Employment Agreements Work in Illinois?
PEO firms help your business through the use of a co-employment agreement. Legally, the PEO acts as the employer of your staff. PEOs often establish co-employment contracts with many other companies.
Establishing relationships with many companies gives the PEO a large “employee” base. The size of the employee base allows the PEO access to new benefits packages that your small or medium-sized business could not otherwise use.
We understand that some Illinois business owners worry about a loss of control with co-employment. However, you retain complete control of your company along with all hiring, training, and firing decisions. The PEO only handles specific situations involving your employees.
What Services Do Illinois PEO Companies Offer?
An Illinois PEO company can review the specific needs of your company before offering you specialized services. Based on what you want from a PEO firm, our team may help you with:
Access to Benefits Packages
Your PEO company can offer your employees enrollment in vision, health, and dental benefit packages. In addition, you can choose additional perks for your workers in some situations, including access to things like gym discounts and flex spending.
Administration of Your Benefits
Providing your employees with benefits only serves as the beginning of the services offered by PEO firms. These companies can also manage the programs, helping you avoid costly errors and freeing up your time.
Compliance With the Affordable Care Act (ACA)
Companies throughout Illinois are legally required to comply with ACA (also called Obamacare). However, many companies struggle to meet compliance requirements. Our team at NetPEO focuses on helping you adhere to all federal and state regulations.
Handling payroll can cut into the time you’d otherwise spend serving your customers and growing your business. We take this responsibility off your hands, streamlining the entire process and providing you with additional features. PEO companies can also lower your payroll costs in some cases.
Handling Disputes and Claims
Your PEO company can also help handle:
- Discrimination claims
- Illinois workers’ compensation claims
- Unemployment claims
We understand that resolving these disputes can prove costly for your company. Therefore, we focus on minimizing the fallout of claims and taking care of them quickly.
Additionally, by allowing outsourced professionals to handle your HR needs, you can minimize the odds of facing disputes in the first place.
Your PEO firm can recruit, screen, interview, and onboard your new employees. However, you maintain all final hiring decisions, keeping control of your company.
Effective performance evaluations can help your employees learn and grow, allowing them to work more efficiently. A PEO can construct a personalized assessment system to help you guide your employees.
Contact Us to Work with an Illinois PEO Firm
You can start working with an Illinois PEO company today with help from NetPEO. We put our decades of experience in the PEO industry to work for you and address all your concerns. We make it easy for you to get the help you want.
Find out more by calling us or completing our online contact form.