Small business owners often start with an idea, take that idea into action by starting a business, and then “live the dream.” If only it were that simple. While the number of small businesses in Atlanta shows that action can take ideas to the next level, many small business owners are not so much living the dream as drowning in paperwork and regulations.
Partnering with a professional employment organization (PEO) helps small business owners refocus their attention and energy back on their ideas and their dreams without falling behind on administrative tasks like payroll management or navigating complicated workers’ compensation claims. Setting up a partnership is easy when you work with a NetPEO broker who does all the legwork for you.
How PEO Partnerships Work
When you partner with a PEO, you enter what is called a co-employment relationship. Within this structure, you and the PEO are both legal employers to your employees, and you each carry out different roles. The PEO takes on any administrative, human resources-related (HR) tasks you delegate to it.
The co-employment structure removes any legal roadblocks the PEO could encounter when carrying out tasks involving your employees’ protected information. However, it does not remove your authority over your business. You continue to manage your employees’ daily responsibilities and make all business decisions.
With a PEO handling those HR duties for you, you will have more time to put into those business decisions and developments and experience the satisfaction of watching your business grow.
PEOs Manage Workers’ Compensation for Your Small Business
Business owners in the state of Georgia must purchase workers’ compensation insurance if they employ three or more workers. Workers’ compensation insurance provides coverage to workers who are injured or become ill on the job or because of the job conditions. It covers medical bills and pays partial income.
As with many small business regulations, the rules governing workers’ compensation have undergone recent updates. While these changes can be difficult to keep up with, let alone comply with, it is the responsibility of all business owners to both keep up and comply. Failure to do so can lead to fines or other even more serious penalties.
Further, handling workers’ compensation claims is a time-consuming, multi-layered effort. Mishandling these claims can leave you facing a lawsuit or perhaps making payouts to a dishonest employee. When you access Atlanta PEO workers’ compensation services through a PEO, you can turn all workers’ compensation situations over to that organization and know they will be handled correctly.
Find the Right Atlanta PEO Workers’ Compensation Services Provider with NetPEO
If you are concerned about how to find the right PEO partner to take over your workers’ compensation and other HR needs, there is nothing to worry about. Simply reach out to NetPEO and we will take care of the rest.
First, we will meet with you to discuss and determine your business needs. As we talk, you may make some important realizations about how much time and money you can save through a partnership. After the consultation, your NetPEO broker will review NetPEO’s extensive network of reliable PEOs to present you with a manageable list of matches.
You will then review the list of possibilities and decide which PEO best suits your needs.
Continued Support from NetPEO
Your NetPEO broker will continue to support you even after you choose your PEO partner by:
- Facilitating the development of your co-employment agreement
- Helping you transition to the co-employment structure
- Answering questions and working to resolve any issues
And you do not have to fear being “stuck” in a partnership that does not work as you thought it would. If you decide your selected partner is not a good fit after all, your broker will work as you dissolve that partnership and use the knowledge gained from that experience to find a more productive one.
Other Benefits of Co-Employment Relationships
Workers’ compensation responsibilities are not the only tasks you can assign to your PEO partner. Along with other industry-specific services, additional duties the PEO can assume include:
- Payroll management
- Risk assessment and management
- Compliance with often-changing small business regulations
- Administrating insurance and benefits packages
- Recruiting, hiring, and training new employees
- Employee reviews
- Employee terminations
While some business owners delegate the full slate of administrative responsibilities to their PEO partners, others follow a more selective method. Either way, you only pay for services that will benefit your business.
Time and Money Saved
It is easy to see how a PEO saves you time. But how does paying for their services save you money?
You have probably heard the saying “time is money,” and as a small business owner, you have likely witnessed the truth of that adage. The more time you have to put into growing your business, the more profitable your business becomes.
Further, with a PEO partnership, you pay do not pay for individual outsourcing–you “bundle” the services under one PEO for one payment, and your broker will make sure the payment falls within your budget. You will also save money on hiring and training new employees. Since PEOs can offer more competitive insurance and benefits packages, you will see less turnover and attract more productive workers.
You Can Depend on NetPEO
NetPEO brokers have over 200 combined years of industry experience, and we are proud of our 95% retention rate as it shows our clients are consistently satisfied with our customer service and facilitated partnerships.
We carefully vet any PEO before bringing it into our network, as we only want the best for our clients. There is no risk in meeting with a broker. We are so confident in our services that we offer the consultation for free.
Contact NetPEO and Connect with an Atlanta PEO Workers’ Compensation Services Provider
Put your focus back on the parts of your business you love today. NetPEO can help you find an Atlanta PEO to meet your workers’ compensation and any other administrative needs. Visit our contact page to give us a call or submit an electronic request to schedule a meeting. We look forward to working with you.
