New Mexico is home to many small businesses seeking to grow, but far too many hit speed bumps once they hire staff. Regulatory requirements and increasing HR and payroll complexity can trip up growing businesses, sometimes to the point of failure.
NetPEO can connect you with a New Mexico PEO company that can keep your business from falling over because of administrative reasons. PEOs are cheaper than hiring in-house staff and give greater benefits than outsourcing. Here’s why going with a PEO is the better option.
Why Go With a PEO?
Professional employment organizations help businesses handle administrative tasks that take too much time away from the core of your business. These tasks, like payroll, HR concerns, and policy creation, are necessary but steal too much time as your business grows.
PEOs also connect your business with experts in these fields, so you don’t have to spend time studying business administration or making a costly mistake that gets the attention of regulators. A business that makes a payroll tax error can face serious legal trouble. A PEO company in New Mexico keeps your business safe.
Finally, by working with a PEO, you can access better benefits packages for your company. PEOs pool the labor of multiple companies together to negotiate rates and better benefits for everyone. Better benefits mean happier employees and better talent knocking at your door.
How Does NetPEO Fit In?
NetPEO is a PEO broker that connects businesses in New Mexico and the nation with PEOs that know your industry and have the skill sets and resources you’re looking for. Our network of PEOs is one of the largest in the nation.
When you decide to work with us, we’ll discuss where your business is now and your plans for the future to get an idea of what kind of staff you’ll need and the regulations you’re facing. We take that data to find PEOs who can do the job and meet our standards.
Unlike other PEO brokers, our job isn’t done once you sign a contract with a PEO. We regularly check in with our clients to make sure the relationship is working. If it isn’t, whether because you’re unhappy or have outgrown your current PEO, we’ll help you find one more suitable.
Why Not Outsource or Hire Your Staff?
When you work with a PEO, you enter a co-employment agreement. This agreement lets the PEO pool labor from multiple companies. Outsourcing HR tasks removes that benefit. Also, outsourcing may leave you with less control over what your administrative staff can do for you.
Hiring your own staff may be necessary once you get a certain size, but it’s expensive to pay for your own HR staff if they aren’t used full-time. A PEO is much less expensive than hiring your own HR team.
If you already have some HR or payroll staff helping you, you can still work with a PEO. Your existing staff can turn their attention to more complex HR and payroll tasks in their wheelhouse while the New Mexico PEO company handles the low-level tasks they were doing before.
How Much Control Do I Retain?
Under the co-employment arrangement, you and the PEO will decide which tasks stay under your control and which are handled by the PEO. Ultimately, all authority goes to you. The PEO will have no control over the tasks of your employees.
When you work with a PEO company in New Mexico, you can have them take over all of your HR and payroll tasks or just a select few. If you want to retain all hiring, firing, and recruiting tasks while your PEO handles onboarding and payroll.
NetPEO wants to ensure that whoever you choose does just the tasks you want without stepping on your toes. During your consultation talk, we go into much more detail about the co-employment agreement.
What Industries Have You Helped?
Many industries have complex regulatory requirements, so choosing a PEO with experience in these industries is important. Our growing network of PEOs allows us to help companies in industries with many regulations like:
- Professional services
- Hospitality and service
- Financial services
- Information technology
Whether you’re a startup in industries like these with a few employees or have been in the business a while and have a few hundred, a New Mexico PEO company can help you get the help you need to grow further.
Schedule Your Assessment
Find out how a PEO can help free your time from administrative tasks and grant you peace of mind that you’re not making errors with labor regulations, taxes, or payroll. Contact NetPEO to learn how a New Mexico PEO company can help grow your business.