Small businesses are the backbone of the Long Island economy. However, running small or mid-sized businesses has numerous challenges, particularly in managing human resources (HR) tasks. This is where partnering with a Professional Employer Organization (PEO) through a Long Island PEO broker can help business owners like you.
At NetPEO, we know that running a small business can be difficult and that you can’t always do or know everything you need for your business. You need expert advice to comply with regulations and keep your business moving forward. A New York PEO broker can get you the help you need to find the perfect PEO for your Long Island business.
Small and Medium-sized Businesses Are Vital
US PEO companies serve the same purpose as a dedicated HR team but at a fraction of the cost. You can retain the services of a PEO to help with your HR needs for either a flat fee per employee or a low percentage of your total payroll costs.
Small businesses play a vital role in the local economy. Over 400,000 people in Suffolk and Nassau counties work for businesses with fewer than 50 employees, according to the U.S. Census Department.
Many of these companies don’t have adequate human resources services because of their business size. Managing HR responsibilities can become increasingly time-consuming and complex as your small business grows. That’s where a Long Island PEO company can help.
Services Provided By PEOs
PEOs offer a range of services through the co-employment model, including:
Payroll
One key service our Long Island PEOs offer our clients is payroll management. Payroll can be a complex and time-consuming task for any business, but especially for small—to medium-sized businesses that may not have dedicated HR or accounting staff.
By finding a PEO through a Long Island PEO broker like us, businesses can streamline their payroll processes and ensure that employees are paid accurately and on time. Furthermore, it can keep your company operating within federal regulations.
The legal services a PEO can provide can be extremely valuable compared to the costs of an audit of your tax filings. Regulatory compliance is an important task of your PEO since they will share some liability due to the co-employment relationship.
Employee Benefits
PEO services also include benefits administration and benefits management. This includes things like health insurance, retirement plans, and other perks essential for attracting and retaining top talent. By working with a Long Island PEO broker, businesses can access cost-effective benefits packages that may not have been available to them on their own.
A professional employer organization can help negotiate rates with service providers and insurance agencies, set up retirement plans, and ensure that your comprehensive benefits comply with federal and state regulations. You won’t have to battle with insurance brokers trying to find the best deals, which will save you valuable time.
Risk Management Services
Another key PEO service is comprehensive risk management services. Risk management helps to identify, assess, and mitigate potential risks that could negatively impact your core business.
A Long Island PEO broker can point out these problems and give guidance on how to solve them before they catch the attention of a regulator. In Long Island, labor laws are extremely complex, so this is a vital PEO service for many small businesses. Your PEO may have a dedicated team just for this issue.
How NetPEO Helps You Find the Right PEO
Over 900 PEOs are helping nearly 200,000 small businesses across the United States. This can make finding the right PEO feel overwhelming. Researching PEOs and finding the ones that have the services you need can take dozens of hours you could be spending on running your business.
This is why so many employers turn to a Long Island PEO broker like NetPEO. Rather than researching individual PEOs, NetPEO uses its vast network of PEOs to find the right fit for your business. We interview you to find out what your HR needs are and the service models and co-employer arrangements that will fit your company best.
Based on what you’ve told us, we can compile a package with PEO specialists handling a handful of HR areas or one offering a full coverage package. Not only do we vet the PEOs for you, but we also negotiate on your behalf to keep costs down and help you choose the correct payment model, such as employee per month.
Why We’re Rated So Highly
Even after you’ve found your perfect match, NetPEO is there to ensure you’re delighted with your choice. If you’re not satisfied with the services you’re receiving or you’ve realized that your growing business could use more HR services, NetPEO will be there to help solve any problems.
Perhaps best of all, the services provided by NetPEO are completely free of charge to you. You will never have to pay an out-of-pocket fee for the world-class client services we offer to your business. This is one of the many reasons we have a 95% client retention rate.
Get the Service Your Business Needs to Keep Growing
If you’re ready to grow your company and regain time to focus more on the day-to-day operations of your business, call us today to speak with one of our dedicated Long Island PEO brokers.
If you’d prefer, you can also put your information into the form on this website, and one of our brokers will reach out to you within 48 hours. Save money on payroll and save yourself the stress of increasingly difficult HR paperwork – call NetPEO today!
