Small businesses in Tennessee account for more than 99% of all businesses in the state and are responsible for employing more than 40% of all workers as well, according to data released by the Small Business Administration (SBA). This means that if you run a small business in Tennessee, you are a vital part of the state’s economy.
However, running a small business isn’t always easy. This can be especially true as your company grows, and you find yourself having to take on more responsibilities. You can find yourself spending more of your day doing paperwork than handling the day-to-day operations of your business.
When it comes to HR responsibilities, you can outsource a number of those functions to professional employer organizations (PEOs). Narrowing down the field of possible PEOs to partner can be difficult, especially if you’re only just learning about the option or you’ve had bad luck with a PEO in the past.
PEO brokers, like NetPEO, help businesses in Tennessee find PEOs that have the services they need to streamline their operation. We make the process easier for you by handling the heavy lifting of narrowing down possible PEO partners. To get started, call (678) 376-1212 or enter your contact information on the right.
The Services a PEO Can Provide to Your Tennessee Company
When you partner with a PEO, you’re replacing the need to have your own in-house HR department. PEOs can provide comprehensive HR outsourcing services to handle all your HR functions, or can offer more limited help to accommodate your preferences. Some PEOs may specialize in particular services or can be generalists, which is an important factor in your search for a PEO.
Payroll can be a challenging area of HR administration for many business owners, particularly if they don’t have a background in accounting or HR. PEOs can provide a variety of payroll services to small business owners like yourself. If you’re looking to process payroll yourself but need assistance, PEOs can provide access to the latest payroll software. If you’d rather leave the calculations of taxes, garnishments, and wages to payroll professionals, your PEO partner can provide those services as well.
Do you know which methods are the most effective for recruiting the right talent in Tennessee? The recruitment process can be costly on its own, but it will cost you more time and money if you’re unsure of the best methods. A PEO can provide you with recruitment strategies tailored to attract the best talent for the position you’re looking to fill. Your PEO partner can even conduct the initial screenings, so you only interview the best candidates for the position.
Employee Self-Service Options
Many small business owners like to empower their employees. Employee self-service (ESS) websites allow employees to log their time, check on their benefits, and even receive training or certifications. What you can get out of an ESS website will depend heavily on your business needs and your preferences, but your PEO can build and maintain the type of site that will help your business the most.
Like payroll, benefits administration can be a time-consuming proposition, but your PEO can manage those as well. As an added bonus, you may be able to offer your employees health insurance through the PEO directly. Joining the health insurance plan of your PEO can mean accessing higher tiers of service, often at more reasonable rates.
Finding the Right PEO with a Tennessee PEO Broker
According to the National Association of Professional Employer Organizations (NAPEO), the PEO industry is rapidly expanding. There are more than 900 PEOs helping businesses throughout the country, with a compounded annual growth rate that’s about 14 times higher than in other sectors of the economy.
With this many PEOs out there offering a wide range of services, you can spend many hours vetting potential partners. With a PEO broker, the vetting is done on your behalf. At NetPEO, we curate a carefully selected list of potential partners, based solely on the needs of your business. We work with you from beginning to end to ensure that you’re completely satisfied with the process, and we’ll be there if your PEO needs ever change.
For a free initial needs analysis, call our Tennessee PEO brokers today at (678) 376-1212!