PEOs offer business in Montana assistance with administrative duties and HR services. These companies handle co-employment responsibilities, meaning that in some respects, they serve as an employer for people you hire.
However, they do not overwhelm your responsibilities and control of your company. You maintain specific duties with regard to hiring, training, and firing employees. You still control the decisions about your business.
You can learn more about the benefits of working with a PEO company in Montana with our team at NetPEO.
What Is a Montana PEO Company?
The U.S. Small Business Administration reported over 126,000 small businesses operating in Montana in 2021. These businesses make up the vast majority of companies operating in Montana, but this doesn’t mean that there are over 100,000 HR departments in our state.
In fact, many small businesses outsource their human resources needs to professional employer organizations (PEOs). A PEO company can help you handle all your HR needs while providing you with increased benefits for your employees.
Montana PEO companies generally provide you with multiple options. For example, you can allow the company to handle all your HR needs or select a la carte services. The choices for strengthening your company rest in your hands.
What Services Can You Get From a Montana PEO Company?
PEO companies focus on your administrative and HR management needs. They can provide services to small, medium, and large businesses, though most PEO companies focus on small and medium-sized enterprises.
In many cases, you can pick the PEO services you want, as many companies prefer to handle some of their HR needs in-house. Depending upon the needs of your business, you may allow a PEO company to take care of:
Processing Payroll
PEO companies in Montana can handle your payroll workflow. Highly trained payroll specialists manage all aspects of this process. You can rely on a PEO team to:
- Track PTO and employee benefits
- Monitor work time
- Balance the company’s books
- Distribute paychecks to employees
- Generate any expense reports
- Handle discrepancies with payroll
Your PEO team can also create and set up online tools to allow employees to review their payroll information, put in for time off, and make any necessary changes to their address or other personal information.
Creating Employee Policies
Employee policies help direct the function of your business. For example, they guide new employees, make training more accessible, and can ensure all workers understand your expectations for performance.
While you can set up employee policies on your own, it takes time and can involve legal jargon. Allowing a PEO company to handle the process for you can free up your time for other business tasks.
Ensuring Employee Compliance
Employees must comply with several local, state, and federal laws. A PEO company can take charge of compliance by setting up specific workplace policies. Your PEO team can also:
- Distribute company handbooks to new employees
- Enforce any corporate policies you set up
- Provide proper training to new hires
These steps can help support your company culture.
Training Employees
Properly training your employees helps make them more effective at their jobs and improves their confidence. A Montana PEO company can help new hires get familiar with your policies while offering substantial resources.
You can rely on a PEO company to:
- Complete background checks for new employees
- Handle drug testing for employees
- Review all company policies with new hires
- Set up payroll for new employees
- Answer 401k and benefit questions
Working with PEO professionals ensures all your employees stay on the same page.
Paying Employment Tax
Many business owners feel frustrated when they deal with state and federal tax laws. Unfortunately, making a mistake can lead to fines and other penalties. Fortunately, a PEO company can step in to handle payroll and employment taxes.
You may even choose to hire a certified professional employer organization (CPEO). When you work with this kind of organization, they take on all responsibility for mistakes with tax filings, which can mitigate your tax liability.
Administering Benefits for Your Business
You can rely on a PEO company to handle the creation and administration of employee benefit plans, including:
- Health insurance plans
- 401k plans
- PTO plans
You can increase your competitive position on the job market by providing a solid benefits package to potential employees. Good benefits also boost the morale of your employees and can improve retention rates.
You can handle HR tasks in house, but many businesses choose to work with a PEO company to save money. Our team has over three decades of experience helping enterprises match up with a PEO company that can handle all their unique needs.
How We Help You Find a Montana PEO Company
Our team focuses on helping you find a PEO firm that aligns with your business goals. We begin by inviting you to a consultation to review your business’s goals, vision, and potential challenges. Our team then helps you find a PEO company that meets your needs.
We can provide you with a list of PEO companies that provide the services you want. You have all the power to select the company that interests you the most based on its experience and services.
We can also provide you with more information about co-employment agreements and their function with PEOs in Montana.
Let Us Handle Your PEO Needs in Montana
You can contact NetPEO if you’re interested in finding a Montana PEO company. We’re standing by to review the needs of your business, helping you develop a strategy for success.
When you’re ready to start, call us or complete our online contact form.
