Launching a new business in Colorado might be challenging. However, with hard work and luck, your business might prosper beyond your greatest expectations. Your employees are your most valuable asset, but managing them can be challenging. A PEO company serving Colorado can take over HR tasks so you can focus on growing your business.
NetPEO provides an extensive range of high-quality services, including handling workers’ compensation, full payroll processing, and assisting you in providing competitive benefits to your employees. We offer up to 40% more options compared to the average in the human resources employee leasing industry. Call our PEO company today.
What Does PEO Company Stand For?
A PEO, or Professional Employer Organization, is a company that provides administrative employees and services for lease to businesses. Essentially, a PEO acts as an external HR department, allowing businesses to outsource certain tasks and focus on their core operations.
This partnership helps companies streamline their HR processes and navigate the complexities of workforce management. By doing so, you can reduce profitability, productivity, time spent on transactional HR activities, employment-related liability, and labor costs.
We offer a wide range of services in Colorado, including:
- PEO broker
- PEO employee benefits
- PEO hiring and onboarding
- PEO insurance service
- PEO workers’ compensation service
If you’re a business owner without an accounting background or degree, you can feel like you spend all your time crunching numbers instead of running your firm. This is where a Colorado PEO company like ours can step in and save the day.
Services Offered by NetPEO
Colorado businesses, no matter their size, can benefit from hiring us to handle their HR management and administrative needs. When forming a partnership with us, you may decide which tasks to outsource.
We know that not every business has the same requirements and that some fields prefer to handle some processes internally. You may customize your plan to fit your needs with the help of our services offered.
Payroll Processing
In many cases, PEOs improve client payroll processes. A competent expert will handle all your payroll needs.
Payroll tasks our PEO company serving Colorado handles include:
- Monitoring PTO and perks for employees
- Observing work hours
- Balancing business records
- Swiftly distributing checks
- The production of expenditure reports
- Establishing online employee self-service portals
- Addressing payroll inconsistencies
- PEOs guarantee that all payroll-related duties and issues are under check.
When employees can trust that their compensation is accurate and delivered on time, it enhances their job satisfaction and overall morale. Additionally, a well-managed payroll system helps businesses maintain compliance with various regulations, avoids potential errors, and contributes to a positive work environment.
Policy Creation and Compliance
Policies and behavioral standards may be related to organizational structure. The PEOs assist managers in creating a safe workplace and communicating expectations to workers. The presence of business rules reduces the probability of a firm owner being sued.
A PEO is beneficial to businesses since it advises you on how to design and implement new policies. Your Colorado PEO company will define the rules that comply with legal standards. A PEO is responsible for distributing employee handbooks, enforcing corporate standards, and ensuring that all new employees are properly informed.
Training and Development
Many businesses seek advice from experts to help them through the recruitment process. PEOs help with new hires by finding and orienting new employees. PEOs facilitate the integration of new employees into the workplace and equip them with the tools they need to succeed.
PEOs do criminal records checks and drug tests for employees and ensure new workers sign off on business regulations. Additionally, they may help new workers with payroll setup and benefit and 401(k) plan inquiries.
Employment Tax
PEOs provide payroll services, including calculating employment taxes. Tax regulations at the federal and state levels are complex, but PEOs know them. This knowledge allows them to submit a company’s tax returns on their behalf, which can help you save money on taxes.
The company owner is accountable for errors while submitting payroll or employment taxes. However, when a competent expert is in charge of your business’s tax preparation, the likelihood of an expensive mistake is greatly reduced.
Then, there are the companies that take it a step further and hire PEOs with their certification (CPEOs). Co-employment agreements between CPEOs and their clients place the exclusive burden of correcting any inaccurate tax forms on the CPEO. Companies choose this course of action to avoid paying any taxes.
Benefits Administration
PEOs are often used by businesses to design, implement, and oversee employee benefit programs. Benefits like 401(k) and paid time off (PTO) are also included.
Providing employees with generous benefits packages is a competitive advantage for businesses. It boosts morale and the number of retained workers. Special employee perks also aid in attracting and retaining top employees.
How Is a Colorado PEO Company Different From an HR Outsourcing Service?
A Colorado PEO company and an HR outsourcing service share similarities, but they have key differences. While both can handle HR tasks for businesses, a PEO typically goes beyond by becoming a co-employer with the client’s workforce.
Within the co-employment model, you and your executive team maintain decision-making authority over your company and employees. Your PEO’s role is to furnish the necessary services for your business’s success and growth.
This means the PEO takes on certain employer responsibilities, including payroll processing, benefits administration, and compliance with employment laws. On the other hand, a traditional HR outsourcing service may offer specific HR functions without becoming a co-employer.
Is It Safe To Hire a Colorado PEO Company?
Hiring PEOs is risk-free as long as you stick with a reputable PEO company serving Colorado. We prioritize providing solutions above addressing problems. Employing our PEO consulting services allows company owners to network with qualified individuals who can assist in maintaining the efficiency of their operations.
Utilizing a PEO brokerage service provides added assurance when hiring PEOs. Our team members have all been verified and checked out. We only use the top PEO service providers in the industry and recommend them to our customers.
Engaging with a trustworthy PEO is essential. Working with us gives our clients access to one of the biggest PEO networks in the nation. Knowing that we are taking care of everything allows you to relax.
Call Us Today for Comprehensive PEO Solutions for Your Business
We recognize the importance of technical knowledge and excellent customer service for any PEO. Our services are outcome-focused, and we never promise more than we can provide. As a trusted PEO company serving Colorado, we continue to be flexible and quick to respond to your company’s evolving demands.
For over a decade, we’ve helped companies all around the country. Due to our extensive expertise, we know how to reduce costs associated with regulatory compliance, human resources, and employee benefits packages. It is our responsibility to foresee your company’s requirements and to solve its difficulties before you ever contact us.
We want to see a significant improvement in your company. NetPEO can supply the services your Colorado-based company needs. For a reasonable price, PEO services provide your staff with advantages. Contact us to discuss how we can help your Colorado company.