Do you know how a PEO company works? In a co-employment arrangement, your company and a Professional Employer Organization company (PEO) split some employer duties. The purpose of this is to identify your company’s needs and delegate accomplishing the demands efficiently and effectively.
The PEO often handles payroll processing, payroll tax withholding and payment, maintenance of workers’ compensation insurance, benefit administration, and advice on human resources. This puts you in charge of managing routine business activities, such as giving consumers goods and services and choosing which to manage new and existing talent.
If you are considering whether a West Virginia PEO organization is a right fit for your business, NetPEO can educate you on benefits, services, and tips for collaborating with the best PEO company in West Virginia in order to elevate your business.
Selecting a Professional Employer Organization For Your Business
PEO manages a range of employee administrative responsibilities, including payroll and benefits administration, on behalf of a business. It’s hard to determine which PEO is best. Some PEOs also offer strategic solutions, but it’s crucial to investigate and compare different service providers against the requirements for your company.
When trying to find the best PEO for your company, choose PEOs that:
- Possess a proven track record and stable finances
- Can satisfy the specific requirements of your workers and business
- Provide testimonials from previous customers in your sector
- Offer thorough assistance and compliance knowledge
- Provides services and coverage in the same vicinity of your business
- Have ESAC or IRS certification
Benefits of Using a PEO Company for Your West Virginia Business
You might be able to expand your company while feeling more secure doing so with the professional, strategic advice of a PEO Company in West Virginia. PEOs frequently assist with:
Payroll and Tax Preparation
PEOs handle payroll processing and, occasionally, can handle local, state, and federal employment tax payments. Many also combine time and attendance tracking with payroll, which lowers data input mistakes and duplication.
Access to high-quality, affordable health insurance, as well as dental care, retirement benefits, and other employee perks, are frequently included in co-employment agreements. Typically, the PEO will take care of enrolling employees in these benefits and processing your claims.
PEOs frequently have compliance specialists that may assist you in defending your company against fines and penalties. They may have knowledge of hiring practices, compliance with HR laws, workers’ compensation, unemployment insurance, and payroll tax legislation and reporting requirements.
PEOs may provide safety assessments and training programs in addition to workers’ compensation insurance to assist you reduce claims. Additionally, they could help with OSHA (Occupational Safety and Health Administration) inspections.
A PEO frequently has HR specialists on staff who offer HR services and assistance. If you already have an internal HR employee or team, the PEO collaborates with them on both a strategic and operational level.
How PEO’s Impact Company Culture
A co-employment arrangement won’t inherently change the culture of your company unless it is one of your planned outcomes. If so, some PEOs can suggest tactics to mold your culture and brand into something that accurately captures how you want your company to be viewed by your workers both now and in the future.
At all times, you remain the executive of your company. Your approval will dictate which strategies are implemented that could shape the culture of your company. While you remain in charge of your employees, a PEO will handle the administrative tasks that are delegated by you. This relationship is meant to be a partnership that improves your business for the better.
Company Types and Sizes
We collaborate with businesses in a variety of sectors, including IT, biotechnology, energy, healthcare, aerospace, aviation, broadcasting, finance, manufacturing, and construction.
We collaborate with charitable groups as well. Instances including unemployment, workers’ compensation, and more. Co-employment agreements are most common in small and mid sized firms, however bigger organizations can also gain from them.
All types of businesses can benefit from using a PEO company in West Virginia. Our clients often include:
- Healthcare services
- Legal companies
- Computer service industry
- Trades such as HVAC, plumbing, etc.
- Real estate
- Nonprofit organizations
Which PEO Company Best Supports Your Business?
NetPEO has worked in the PEO industry in West Virginia for years and continues to see the positive impact that solution-focused HR services can have on businesses. Additionally, we’ve seen far too many HR service providers over-promise but underdeliver. Instead of having a team of technical specialists, we employ a nimble team of HR specialists that change with you.
We assist you in lowering your HR, benefits, and compliance costs. At NetPEO, we improve the efficiency of your company by providing you with the HR services you require in West Virginia at a price that works for you. Contact us today to receive a free estimate.