There’s no question that the excellent benefits attract better employees. But for many business owners, it’s hard to offer benefits packages that make you competitive—especially if you’re still a growing organization.
You may not be able to upgrade your benefits because of the high cost, the complexity of managing them, or simply because you don’t have the labor pool to get the same price as a larger organization. A PEO company in New York at NetPEO can change that.
A PEO (Professional Employer Organization) company is a partner who uses a co-employment relationship to bring you under their benefit umbrella. This gives companies the power to offer enterprise-level benefits. PEOs also act as your HR and payroll departments, helping you cut costs, improve employee performance, and achieve compliance.
What Is a Professional Employer Organization?
They are service providers that offer HR and payroll services and also have the power to act like a business partner for certain legal purposes. This legal arrangement is frequently called “co-employment.”
Because a single PEO may co-employ with dozens or hundreds of organizations, you are suddenly a much bigger player in your market. Your company can access employee benefits packages and discounts as if you were a far larger organization.
You can also empower your PEO to act for your benefit in legal situations regarding your employees, such as grievances, compensation insurance complaints, and unemployment claims.
Co-employment lets you keep all the executive power at your company while giving your HR work to an experienced partner. PEOs often charge a simple fee per employee for their services.
What Is the Benefit of Using a PEO?
Benefits of using a PEO include:
- Offer Fortune 100 benefits at an affordable price.
- Attract the best new hires.
- Improved retention and lower employee churn.
- Lower the costs of benefits while improving their quality.
- Access experienced professional HR employees to help administer your employees.
- Gain expert knowledge in labor law compliance, including Obamacare, COBRA, FMLA, and more.
NetPEO has over three decades of experience in the HR and PEO industries. Find out what we can do for your company through a consultation. Fill out the form to your right or contact us and get your free quote today.
Is a New York PEO the Same as an HR Outsourcing (HRO) Service?
A PEO has much more power to help your business than an HRO. Outsourcing HR means contracting with a supplier that is outside of your organization. They can do administrative work but they lack legal authority to act on your behalf and cannot get the leverage to negotiate for better benefits like a PEO can.
HROs are a useful service, but there are hard limits on what they can do—or how much money they can save you. PEOs don’t have those limits.
Since your staff is merged with their larger labor pool under the co-employment contract, the PEO can bargain for you and bring you into their benefit networks. This one act alone can dramatically change your bottom line and make you much more competitive in recruiting and retaining talent.
How Co-employment Works
The co-employment system gives both parties a very clear role in the relationship:
- You are always the managing executive. The management team at your company retains all control over your employees, their work assignments, and hiring and firing decisions. You decide which specific duties the PEO performs.
- The PEO does administrative tasks on behalf of your company. A typical PEO can handle many tasks like benefits administration and similar HR tasks
The exact duties of each side are spelled out in the co-employment contract. These contracts can be quite flexible for you. You can keep some tasks in-house or arrange for us to work with your existing HR or payroll staff.
How Will a New York PEO Company Improve My Business?
As a PEO, NetPEO offers a range of services you would expect from an HR outsourcing provider. Your PEO is essentially your one-stop HR and payroll shop.
A PEO can do much more than you think. Each task you turn over is one less thing you have to worry about. It frees up time for you to focus on core business strategy and profit growth instead of necessary, but unprofitable, administrative tasks.
Our business solutions include:
- Benefits packages. Offer highly competitive health insurance plans at lower cost than ever before. Choose from a wide selection of perks to offer your employees, from flex spending accounts to retirement plans, gym discounts, and more.
- Benefits administration. Managing a benefits program can be complex and fraught with costly potential errors. Leave it in the hands of seasoned professionals who know how to handle benefits like compensation insurance.
- Obamacare/ACA compliance. The Affordable Care Act (ACA) or Obamacare continues to impact all employers. It has transformed the benefits landscape, and many companies still struggle to meet all requirements. NetPEO specializes in helping businesses achieve full ACA compliance.
- Payroll Services. We can handle payroll processing and other financial services for you. This will streamline your processes, offer more benefits for your organization, and reduce payroll costs. We also offer tax administration services.
- Claims and disputes. From worker’s compensation to unemployment or even discrimination claims, legal issues can be costly. NetPEO offers risk management services to help you achieve a fast resolution with minimum fallout. We also reduce the risk of claims in the first place by giving you a healthy human resources system and proactive liability risk assessments.
- Recruiting & hiring. The best PEOs offer complete hiring services including recruiting, screening, interviewing support, onboarding, and training.
- Performance improvements. Many organizations use performance evaluation methods that lack teeth or simply don’t lead to real change in performance. We can build a performance assessment system that gets results and assists with employee management.
- Safety Compliance. Improving company safety can save you a lot of money and legal headaches. We can create safety compliance policies and help you enforce them. This is another way we help companies with risk management.
- Employment Laws. New business owners often violate new employment laws they may not know applied to them. Our experienced HR staff can make your company compliant with the law to avoid regulatory action and fines.
Having a New York PEO on your side is one of the best allies you can have for a growing business. A PEO ensures that everything in the back end of your business is in order so you can focus on strategy and growth.
What Kinds of Companies Use PEOs in New York?
PEOs are used in virtually every industry, by organizations of all sizes. NetPEO’s clients include:
- Small businesses (10 employees or less)
- Mid-sized businesses (10+ employees)
- Enterprise companies (hundreds of employees or more
- Startups
- Nonprofit organizations
How Is NetPEO Different From Other PEOs in New York?
The founders of NetPEO saw how many HR companies do not benefit their clients as well as they should. These companies had the technical know-how but failed to back it up with good customer service.
We saw a need for a performance-driven PEO that responds to clients’ needs. To this day, we grade ourselves on performance reviews from our clients and our overall client retention rate. NetPEO’s success as a PEO proves how this focus on customer service creates better results for clients.
Get Better Employee Benefits Today
At NetPEO, we have just one goal: make your business healthier. We can help you get better benefits and customized, comprehensive HR services, including health and compensation insurance, hiring and recruiting, and much more. Let us show you how a New York PEO company can save you valuable time and money. Fill out the form to your right or contact us and get a free quote today.
