As your company is trying to expand, you may encounter numerous issues regarding compliance, accounting, and human resource tasks that could potentially hold you back. Thankfully, with the help of a professional employer organization or PEO, your company no longer has to struggle through these issues on its own. Instead, you can outsource these tasks to professionals who can handle them and ensure your company operates as efficiently as possible.
Basically, these PEOs can help companies not only reclaim time but allow focus on what matters most — business. If you are thinking about using a PEO or trying to find out what it can mean for your company, let a Baton Rouge PEO Broker at NetPEO walk you through this arrangement and show you exactly how your Baton Rouge business can benefit.
What Is a PEO?
A professional employer organization (PEO) is a separate organization that acts like it is a part of your business, specializing in accounting and human resource tasks.
When your company gets into a PEO arrangement, it is known as “co-employment,” which means that the PEO acts as the employer of your staff. However, this arrangement also provides your company with access to benefits packages and allows the PEO to act on your behalf legally.
In addition, under this arrangement, your business will keep all its power related to hiring, managing, and firing staff, but the PEO will take care of all the work related to your human resources.What Type of Services Does a PEO Perform?
A PEO can provide your company with numerous benefits, including reducing the overall costs you will have to pay in-house for additional staff and offering you and your employees countless perks.
However, these benefits go even further than that. When you work with a Baton Rouge PEO broker, they will match you with professionals that can help you with the following:
Payroll Administration
A PEO will often help clients enhance their payroll by having a knowledgeable and qualified professional perform the following payroll tasks:
- Monitor employees’ work time
- Track employees’ benefits and PTO
- Balance company books
- Hand out checks on time
- Prepare expense reports
- Handle any issues with payroll
A PEO will not only make sure that your payroll functions efficiently and effectively but that everything is under control and concerns are taken care of swiftly. This can ultimately provide you with a reliable system that leads to more satisfied employees and a well-operating business.
Compliance Issues
Company policies or codes of conduct are created to provide structure to a business, reduce the risk of lawsuits, establish expectations on how to handle workplace situations, and offer workers clear expectations, which will ultimately cultivate a safe working environment.
Fortunately, when you work with a PEO, you will not have to take on these compliance issues alone. Instead, a PEO can help your business by assisting you as you create new policies and implement these policies into your company. In addition, the PEO will also make sure it designs policies that comply with state and federal guidelines and ensures that these policies are enforced throughout the company.
Administering Benefits
Another critical task that many PEOs handle is benefits administration, or more specifically creating, managing, and administering employee benefits, such as 401k plans, PTO, and health insurance.
If your company can provide its workers with comprehensive benefits, it can help boost company morale, raise employee retention rates, and give your business a competitive advantage. It can even reel in new talent and retain this talent for years.
Development and Training Help
The hiring process can create endless headaches for companies. That is why your business may turn to PEOs to help make training and development as easy as possible.
PEOs can provide your company with new hire support by not only recruiting but onboarding prospective employees. These PEOs can also help new employees get settled and offer them resources to ensure they can meet their goals and have a successful career.
In addition, these PEOs also perform background checks, ensure new hires agree to the company’s policies, and administer drug tests.
How Can NetPEO Help Your Business?
As you can see, a PEO can provide your business with various services. Yet, many companies still remain wary of using PEOs because they simply do not understand how these PEOs work or what they need to do to obtain these services. This is where NetPEO steps in.
NetPEO will provide your company with trusted resources when it comes to these PEOs as well as offer you insider information. In fact, when you reach out to NetPEO, we can:
- Provide your company with a thorough analysis of your business, figure out your company’s specific needs, and determine how our Baton Rouge PEO broker can help you.
- Contact our network of PEOs and find the professionals that can meet your needs the best.
- Help you select the PEO partner that would be the ideal fit for your company and create a co-employment agreement with them, as well as a Client Services Agreement.
- Continue to be a resource throughout your PEO relationship, making sure your issues are addressed and that you get the assistance you require throughout the process.
- Eliminate the risk of hiring a PEO since we only connect you with PEO service providers who are reliable experts in their industry.
Contact NetPEO Today for a Free Consultation
Do not wait any longer to find out how a PEO broker can help your Baton Rouge company and make your life easier. Instead, contact NetPEO today for a free consultation and let us show you how we can set your Baton Rouge business up for success.
