For many small business owners in Chattanooga, a growing company means growing challenges. Finding the time to be involved in all your old job responsibilities can be difficult when you have to dedicate time handling HR and accounting paperwork.
You could hire HR professionals to handle the paperwork, but the cost can be more than your budget can handle. Instead of hiring an in-house HR team, many small businesses outsource their HR functions to professional employer organizations (PEOs). A PEO can save your company money on HR expenses, while letting focus on the important work of your business.
To learn how a PEO can help your business, call our PEO brokers at (678) 376-1212 or submit your contact information on this website. One of our experienced PEO brokers will be in touch within 48 hours to conduct a free initial needs analysis so your business can start saving time and money sooner.
Understanding the Role of a PEO Broker
There are hundreds of options available for small business owners when they are looking for a PEO. Figuring out which PEOs are reputable, offer the HR solutions you need, and will keep costs within your budget can be a time-consuming affair.
A PEO broker, like those working with NetPEO, acts as a go-between for business owners and PEOs. As a client-minded brokerage, NetPEO Company works on behalf of small businesses looking to partner with the right PEO. We maintain an industry-leading client satisfaction rating by always going the extra step to ensure your PEO relationship is always helping your business.
When you reach out to one of our Chattanooga PEO brokers, we schedule an interview with you to determine what you want out of a PEO relationship. Our initial need analysis helps us understand the fundamentals of your business and the specific HR and accounting outsourcing solutions that would best help your business grow.
We use the information from our interview with you to compile a list of the best PEOs for your needs. This list is generated from our national network of trusted PEO partners. We then pass the list on to you with the information necessary to make an informed decision. When you’ve decided which organizations you’d like to speak with, we can arrange the interview.
Our PEO brokers will work with you in negotiating the terms of your co-employment agreement with your new PEO partner, making sure that you have someone representing your interests throughout the process.
Once you’ve signed a co-employment agreement, our PEO brokers will still be there for you. We do regular surveys of our clients so we can guarantee their satisfaction. If you’re ever dissatisfied with your PEO partnership, NetPEO will be there to help. Even if that means finding a new PEO partner for your business.
PEOs Work with All Types of Businesses
Not sure if your business would be a good fit for an HR outsourcing solution? Our PEO brokers have found PEOs for all types of businesses. We’ve helped businesses in:
- Legal services
Worried your business might not be the right size? We have helped businesses with five employees and businesses with 500. If you have employees working for you, chances are our PEO brokers can help.
PEOs Are Cost-Effective and Will Save Your Business Money
If your company is going to spend money on a new service, you likely want to make sure that it’s going to be worth the price. How does saving nearly 27.2% on HR costs per full-time employee sound? That’s the expected return on investment (ROI) of using a PEO.
Consider the cost of employee turnover. Depending on the level of employee you’re looking to replace, it can cost between 30% and 400% of an employee’s annual salary to recruit a replacement. This cost makes retaining employees a key method of reducing HR expenses.
With a PEO, your expected turnover rate drops by as much as 20% over businesses that don’t partner with a PEO. As your business grows, this savings can save you tens of thousands of dollars annually.
Not only is your expected turnover rate expected to drop, your expected growth is likely to increase when you sign a co-employment agreement with a PEO. Between 2018 and 2019, businesses that partnered with a PEO saw a faster rate of growth in both the number of employees and revenues than similar businesses who operated on their own.
Connect with a PEO Broker Today!
Ready to explore your HR outsourcing options? Call our PEO brokers at (678) 376-1212. The sooner you call, the sooner your Chattanooga business will reap the benefits that come with a PEO partnership!