The best thing that can happen for a small business is growth. However, if your business grows too quickly, you may have trouble keeping up with the paperwork involved. This can affect your weekly or biweekly payroll, worker’s comp claims – you name it. Not only can this cause a host of problems for your employees, but it can mean trouble for you too. This is especially true if you, for example, fail to report your taxes on time.
That’s why many small business owners love PEOs for what they can do for their businesses. And not just for payroll. PEOs can help with everything from filing your taxes on time to hiring your new employees. They can also help you with things you might never have thought you could outsource. This includes worker’s compensation claims and employee-filed lawsuits, to name a few.
Get set up with a PEO today by calling NetPEO at (678) 376-1212. We will perform a free analysis of your business. We’ll get to know you and your company better, then match you to one of the many PEOs on the market today. Teaming up with a PEO can mean the difference between saving your business and, well, the alternative.
A Whole New World of Benefits
A PEO can help you with your payroll needs, sure. But did you know there is a world of other benefits that a PEO can offer your business? For one thing, many businesses appreciate that a PEO can help them either improve or start offering health benefits. As a small business owner, you know that health benefits are incredibly expensive. You probably put out of your mind the idea that you could even consider offering them to your employees. A PEO can help change all that.
A PEO bundles together all the companies under its umbrella. This allows insurance companies to offer more affordable group rates on health insurance. A PEO can also find other benefits for you that you thought you’d never have been able to offer. Whether it’s a retirement plan you need, or if you’d like to offer tuition assistance, it all becomes a reality with a PEO.
And not only will you be able to hold onto your current talent, but you’ll be able to attract new talent too with a more competitive benefits package. You’ll be better able to retain employees when they’re not seeing crazy, out-of-pocket medical bills clogging up their mailboxes.
An Improved Human Resources Department
Another thing many small businesses struggle with is having a functioning HR department, or even an HR department at all. If your business is small enough, you may think you don’t even really need one. What could a general store, for instance, do with an HR department when you only have, like, three employees?
However, sometimes an HR department is more of a benefit to you than your employees. A PEO can help you file the necessary paperwork as required by both state and federal labor laws. And any chance you can avoid paying preventable late fees is a good chance indeed.
In most cases, your employees can certainly benefit from an HR department. This is true even if your business is on the smaller side. For example, if one of your employees has a concern, they may feel more comfortable taking it to HR rather than you. This is especially true if they know how busy you are. It could be about anything – their paycheck, their benefits, or even a coworker, rather than bringing it to your attention. This is especially true if they know how busy you already are.
Don’t worry if you know nothing about PEOs or how to find the right one for you. That’s what our team here at NetPEO does best. Give us a call, and work with us to fill out your free business analysis, and we’ll take it from there. We’d rather you spend your time where it belongs: on your business, rather than on hunting for a PEO.
Training New Hires
A PEO can also be a great resource when you need to hire new people. Even, and perhaps especially, small businesses may not have the time to properly train new people. Using the general store example above, if you’re busy handling customers all day you may not have the time to properly train a new person. Then, when they make mistakes, you’ll both be angry. You’ll be angry at them for making the mistake. And they’ll be angry at you for not receiving the training they need.
A PEO can set up on-site or off-site training to give your new hires everything they need. This can boost their ability to do their jobs, which means more productivity for you. A PEO can even create an employee handbook for your employees. They can then read it on their own time and have a better idea of what to expect from the company they work for.
How NetPEO Can Help
At NetPEO, PEOs are what we do. We make PEOs our business so that we can help your business. We also know how long it takes to find the perfect match between a PEO and any given company. That’s why we do all the searching so you don’t have to.
When we do find a great match for you, we’ll check in with you later on to make sure it’s everything you’d hoped. And if not, it’s back to the drawing board for us. We won’t stop until we get you everything you need from a PEO partnership.
The benefits your business can enjoy from a PEO partnership are limitless. Don’t wait – call NetPEO for a free analysis of your business today at (678) 376-1212. You can also send us a message on our website. Let NetPEO help you see just how much larger the world can get for your business with a PEO partnership!