NetPEO is a Duluth PEO broker that facilitates customer relationships with suitable professional employer organizations (PEOs). The PEOs from NetPEO are backed by a countrywide network with over 200 years of total human resources (HR) expertise, and we’re confident that they will meet your needs. After getting a detailed picture of your requirements, our Duluth small business payroll company will continue working with you to ensure you’re happy with your PEO for as long as you need them.
What Is a PEO Broker, and What do They Do?
A PEO broker is an intermediary who helps companies identify HR outsourcing partners. Brokers find PEOs, assess them, and assist businesses in weighing the benefits and drawbacks of each one. A broker will shop around for PEO rates and assist you in choosing the best one for your needs.
PEO Brokers Improve Efficiency and Productivity
Some PEOs offer tools to monitor employee time, which could help you use your staff more efficiently by reducing unnecessary hours spent on administrative tasks. With this approach, expanding your company and satisfying customers becomes less of a challenge. When you add to your staff, you can be confident that only the most qualified individuals will be brought on board.
You can increase efficiency and keep an eye on employee performance by using a Duluth PEO company to handle HR tasks. Your company’s day-to-day output will increase as a result. PEOs can also aid in conducting background checks and other forms of pre-employment screening.
Reduce Costs by Using a PEO Broker
Employing people comes with a hefty price tag due to social security taxes and employee perks. In the long term, these perks for employees may add up. You won’t have to be concerned about these costs when you have a PEO broker to help you hire suitable staff.
A growing number of firms are entering the PEO brokerage market. You can save time and money by teaming up with one and making the operation of your organization smoother. Your firm will be sustainable and profitable if you outsource your HR services and simplify your processes.
Many businesses have found that by working with a PEO to handle HR functions, they decrease their fixed expenses and boost their bottom line via HR outsourcing. PEOs can provide employees with cheaper health insurance and other perks because of their large size and economies of scale. PEOs also assist businesses in saving money on workers’ compensation insurance.
PEO Brokers Support Risk Management
Limiting risk exposure is another upside of working with a PEO broker. Risks associated with handling payroll, HR, and other administrative duties are eliminated when these tasks are outsourced to a PEO.
Because you’ll only be dealing with one person, you’ll lessen the possibility of making a bad hire in the professional world. If anything goes wrong with your PEO and you decide to switch to a new one, you’ll only have to work with one PEO broker.
If a client firm faces legal action, the PEO broker may draw on its extensive network of legal professionals to help. PEOs might mediate conflicts between their client companies and troublesome workers. The PEO may also step in and give experienced advice to the client firm to minimize the fallout from firing or terminating an employee.
A PEO Broker Ensures Compliance with Regulations
A PEO can be useful for preventing minor issues from escalating into major ones. As a result of outsourcing these tasks to a third party, businesses save valuable time that they can use for developing core competencies. Productivity is typically boosted when this duty is shared with a PEO.
Compliance professionals inside PEOs monitor the constant evolution of healthcare and employment rules. It’s becoming more challenging for businesses to keep up with these developments independently. The cumulative effect of these annual updates may be devastating to a business in the form of fines or increased expenditures associated with bringing the firm up to speed.
Services Offered by Our PEOs
Below are some of the services that our PEOs provide.
Management of Employee Benefits
When you and a PEO work together, the PEO can legally treat your personnel as its own. This gives our PEOs greater negotiating power when selecting premium benefits packages because the expense may be distributed more evenly among many employees.
Administration of Payroll
PEOs have specialists available to manage your payroll needs monthly, annually, or quarterly. They maintain accurate ledgers, log paid time off and vacation days, and connect users via user-friendly portals.
Management and Mitigation of Risks
By ensuring that your business abides by federal labor laws, creating harassment and behavioral rules, and modifying safety processes, our PEOs help businesses of all sizes mitigate risks. Your company’s growth potential and capacity to recruit investors and the willingness of other business owners to work with you might be hampered if you develop a reputation for being too risky.
Selecting the Appropriate PEO for Your Company
Identifying problem areas is the first step in finding help for your company. HR problems. These problems pertain to the connection between employees and employers rather than your company’s product.
HR problems are among the most important yet often ignored concerns. People in managerial positions and those who own businesses know how much effort is needed to keep a firm afloat.
Choose to Work with NetPEO Today
If you’re a Duluth company owner seeking outsourced HR solutions, NetPEO can be your Duluth PEO broker so that you can focus on running and expanding your business. We have been in business for over 20 years, serve clients in various sectors, and provide unrivaled customer service.
Contact us by phone or through our online form to get started. A team member will be in contact with you shortly to explore how we can best meet the requirements of your business.
