When you own or run a business, you want to spend your time and energy on growing your business, not on employment laws and payroll. You have lots to do, and your time is limited. So, human resources regulatory issues are probably not at the top of your priority list.
It takes a considerable amount of effort to handle the business of employment. As business begins to grow, most owners don’t have the time to familiarize themselves with the human resources side of the equation. Luckily, a PEO company in Michigan can handle those details for you.
NetPEO is a PEO brokerage firm that will help you to outsource the management of payroll, employee benefits, human resources, and workers’ compensation. We help you customize the services you need and find the right PEO for your business at no cost to you.
What We Do to Help You
We offer both brokerage services and PEO solutions in Michigan and throughout the nation. We’ll start by performing a preliminary needs analysis. The client company is communicating with us about their needs while also learning more about their specific concerns.
Once a client’s HR needs have been determined, we can either offer our services if they are the best fit or we can contact one of the many competent providers in our extensive network to discover the one that can best meet those needs.
You can analyze the choices after we’ve given you a few options to see which one is best for your business. In addition to advising you on creating and executing client service and co-employment agreements, we also serve as a resource for you throughout the relationship.
Will a PEO Affect the Control I Have Over My Business?
No. You still own and control your own company and its operations. A PEO is a co-employer. This means that you share employer responsibilities and liability with the PEO. Your PEO will assume general liability and responsibility for the tasks you agree upon in your contract.
You retain the right to hire and fire workers. The Michigan PEO company takes care of benefits administration, payroll, payroll tax issues, and other employment-related issues like regulatory compliance.
You’ll still be required to provide a safe workplace, but the PEO may provide assistance to help you remain compliant.
How Can a PEO Help My Business Control Costs?
Your company can reduce staffing costs and improve its bottom line thanks to a PEO’s economy of scale. By relying on the PEO, you can keep either a minimal in-house HR infrastructure or none at all.
In many instances, the client only needs to pay a small upfront fee to use a large platform or infrastructure for the technologies and services that the PEO provides. Additionally, the client can cut hiring costs. Further, the experts at the PEO can offer crucial assistance with employer compliance, hence reducing risk to the client.
By managing the repetitive and redundant activities for your business, your PEO services company also saves you time. This enables the company’s owner to concentrate on the business’s core competencies and increase its bottom line.
How Do My Employees Benefit From a PEO?
Through a Michigan PEO, employees of small firms can access advantages generally only available to those working for larger corporations, including 401(k) plans, health, dental, life, and other insurance, dependent care, and other benefits.
According to a survey from the Society for Human Resource Management (SHRM), better benefits lead to increased job satisfaction. Job security is also increased as a result of the PEO’s use of efficiency measures to reduce personnel costs.
When employees receive expert human resource services, increased benefits, training, employee manuals, safety services, and improved communications, their morale and productivity can increase significantly.
What Businesses Can Benefit From Partnering With a Michigan PEO Company?
Nearly any Michigan business can benefit from a PEO. Small or large companies can enjoy HR management expertise, web-based and user-friendly HR technologies, and overall cost savings a PEO can provide.
A broad range of professionals such as physicians, engineers, plumbers, and mechanics can also use PEOs. Some of the most common industries to use PEOs include:
- Real estate
- Financial services
- Professional services
- Information technology
Can I Get Help With Payroll Processing?
Payroll is often the biggest headache for many small businesses. It consumes your valuable time and it can be extremely difficult to remain up to date with IRS withholding regulation changes.
Your employees expect to be paid correctly and on time, as does the IRS. Mistakes in payment to either can lead to costly penalties and added stress. Making your payments accurately and on time helps you to avoid costly payroll mistakes that lead to penalties.
A Michigan PEO company can simplify your payroll and tax duties. We provide payroll and tax services that calculate and file your taxes to the right people and agencies on time.
Partner With a Michigan PEO Company to Provide the Best Solutions for Your Business
Find your Michigan PEO provider with the assistance of a friend who is knowledgeable about PEO and has 30 years of expertise in the sector. No matter the size of your company, NetPEO can assist you in finding the best partners and solutions.
We can work with you to create the perfect plan for your company that fits both your demands and your budget. Please don’t hesitate to contact us if you have any concerns regarding PEO, the services we offer, or the procedure in general as our services are always free to you.
Save your money, time, and corporate reputation. Allow a NetPEO specialist to handle your human resources concerns, compliance issues, and payroll tasks so that you can get back to business. Contact us today to request a free quote for a Minnesota PEO company.