Retaining employees in a fluctuating job market can be challenging. With the nature of work today still changing, though, you need to find new ways to encourage employee retention. For many employers, this means reconsidering the benefits packages available to current and incoming team members.
Determining how best to alter your benefits packages isn’t always straightforward, though. The needs of each business are different, and there are already ample demands placed on your time. Fortunately, this is where Maine’s PEO companies can step in. We help businesses of all sizes and budgets find the benefits packages that make them competitive in the job market.
PEO Companies Differ From HR Outsourcing
PEO companies, or professional employer organizers, are not the same as human resource (HR) outsourcing agencies. HR outsourcing allows you to bring in experts who can help your team manage their day-to-day responsibilities. However, HR outsourcing creates a distance between upper management and everyday employees.
PEO companies, comparatively, create a co-working experience between you and your fellow organization. Your employees become PEO employees, as well as part of your team. In turn, your employees are able to file complaints, pursue workers’ compensation claims, and resolve disputes by going through the PEO company.
PEO companies can also take on financial responsibilities within your business that HR outsourcing doesn’t allow for. You, as the primary company, will still be responsible for your employees’ payroll and taxes. However, employees who are confused about the state of their paychecks, bonuses, or taxes can use PEO resources for guidance.
The Ins and Outs of a PEO Company
As mentioned, collaborating with the PEO company allows you to delegate employee management to a third party. By separating yourself from the communal demands of your company, you give yourself more opportunities to focus on internal growth. That said, the separation doesn’t mean condemning your employee base to a lack of support.
Instead, PEO companies can dedicate the full weight of their concentration to your employees. This means that your employees benefit from more comprehensive needs management alongside opportunities for internal improvement.
In other words, working with a PEO company allows you to ensure your business has continued success without compromising your employees’ well-being or professional opportunities. Maine PEO companies tend to make their clients more competitive while improving employee morale and retention.
What to Expect From Co-Employment in Maine
On a legislative level, collaboration between a PEO company and your business constitutes co-employment within the state of Maine. The state requires all parties involved in the co-employment process to establish boundaries between their economic Investments and expenses.
Similarly, employees working in a co-employment scenario should expect their initial employer, our client, to share essential information with a PEO company’s team. This includes social security numbers, benefits usage as exhibited in the past, and other essential employee information.
That said, the client should not violate employees’ rights to privacy. Companies are similarly prohibited from submitting speculations regarding employees’ possible benefits usage. Instead, PEO companies looking to better understand the employees with whom they will be working must contact those employees directly.
The Perks of Working With a PEO Company in Maine
Calling in third-party professionals to assess your benefits package allows you to take a new approach to your interactions with your team. A Maine PEO company can also help you:
- Improve employee outreach
- Update employee health insurance offerings
- Manage employee payroll
- Assess employee unemployment claims
- Hire and recruit new employees
- Streamline internal development and employee training
When you first meet with our team, we can discuss the full extent of your operational needs. We can then create an action plan that meets them. NetPEO does this by assessing your competition and the day-to-day goings-on of your own business. This way, the plan we present to you will be entirely individualized to suit you and your team.
Learn More About NetPEO
NetPEO offers Maine companies the benefit of several decades worth of HR experience. Collaborating with our representatives allows you to request a customized approach to your business’s human resource management.
At NetPEO, we believe in frequently revisiting your human resources strategy. Your employee roster is constantly changing. In turn, you need to make sure that the means you put forward for your team continue to adequately suit their needs.
Instead of contenting ourselves with a single benefits package or claims management process, our team addresses your company’s needs by regularly checking in with team members. These frequent updates keep your business competitive – one of the many benefits of working with NetPEO professionals.
We Help Businesses of All Sizes
No business is too small to benefit from PEO services. Instead, every industry needs to better understand what benefits can encourage employee retention.
NetPEO’s services have benefited businesses with ten employees or fewer, as well as corporations operating on an international scale. With that in mind, don’t let the size of your business prevent you from taking steps to improve employee morale.
When you meet with our team, we can discuss the size of your business and how it impacts the range of services you want to offer. We can also discuss how the size of your business impacts your benefits budget.
Meet With NetPEO Today
Your business is built on your employees’ efforts. You need to make sure that your employees’ benefits match their commitment to your business.
If you’ve been struggling to offer more creative or comprehensive benefits to your team, reach out to the PEO services in Maine today. Our representatives are available to help you rebuild your approach to your business’s HR. You can contact us over the phone or through our online form to receive a free quote for our services.