Do you feel like the administrative tasks are taking up most of your business’s time? Does it feel like the human resources tasks will never end? You want to ensure that most of your time and money goes into the important aspects of your business. But you also want to ensure you continue to meet all your responsibilities.
The good news is that you don’t have to manage all these responsibilities alone. You can outsource your administrative duties to another company and allow them to manage them. Consider working with an Illinois PEO when you want to give your business the balance it needs.
What an Illinois PEO Does for Your Company
A PEO is a professional employer organization. This organization is responsible for managing several administrative responsibilities for businesses. Some of the duties that PEOs juggle include:
- Human resources compliance
- Payroll
- Employee benefits packages
- Workers’ compensation insurance
- Hiring practices
- Lawsuits
- Talent recruitment
- Employee training
While all of these duties are important, they’re also time-consuming. Dealing with all of these administrative duties can take up time that you can use to focus on other aspects of your business. Call NetPEO today to schedule an appointment with a member of our team.
Entering a Co-Employment Arrangement
For the PEO to be responsible for legal duties, you must enter a co-employment arrangement. A co-employment arrangement is where you and the PEO partner up and determine which administrative duties will be assigned to the PEO.
The arrangement establishes a formal relationship between you, your employees, and the PEO. It will establish what legal duties the PEO will be responsible for.
You can use the needs of your business to determine which administrative duties will be assigned to the PEO. If you want to assign all of the duties to the PEO, you can do so. You can also do that if you want to select the different types of administrative services for the PEO.
The Worksite Employer
When the arrangement is formed, you will be known as the “Worksite Employer.” As the Worksite Employer, you will maintain control of your business. The employees and the PEO must follow your lead on all business matters.
The Employer of Record
The PEO will be referred to as the “Employer of Record.” As the Employer of Record, the PEO will be referred to as the second employer. That means that the employees will be responsible for following the PEO’s lead regarding all administrative duties.
How an Illinois PEO Can Help Your Business
Partnering with an Illinois PEO can give you the best of both worlds. You work with an organization that handles all or some of your administrative duties while you maintain the control and direction of your business.
With the additional time you save from outsourcing these administrative tasks, you can focus on other aspects of your business, like marketing and customer service.
Benefits of Co-Employment
When some business owners think of co-employment, they become a little nervous. One of their main concerns is maintaining control of their business. They fear that starting a partnership with a PEO will force them to submit to the organization.
In reality, co-employment allows business owners to maintain control over their businesses. It can also allow business owners to maintain that control as the business grows.
Some of the benefits that come with co-employment include:
Reduced Liability
PEOs are skilled in handling the legal matters of human resources. Working with a PEO allows you to work with a legal guide on all your administrative matters. You don’t have to worry about whether you have committed a violation or violated an employee’s rights without knowing.
The PEO will handle all legal matters and ensure that all paperwork is accurately completed.
Additional Time to Focus
Working with a PEO will give you additional time to focus on different aspects of your business.
Instead of spending time on routine administrative tasks, you can dedicate your time to growth opportunities.
Access to Better Employee Benefits
PEOs have access to many resources, especially benefit packages for employees. You want to make sure that your employees are as happy as possible. The happier they are, the more likely they will stay with your business.
The PEO you partner with can offer innovative benefits that meet your employees’ needs.
Industries that Use PEO Services
Businesses from every industry collaborate with PEO companies. Some of the industries that use PEO services include:
- Healthcare
- Financial services
- Retail
- Manufacturing
- Construction
- Information Technology
- Real estate
- Legal
- Transportation
- Hospitality
- Professional services
Affordability of an Illinois PEO from NetPEO
One of the greatest benefits of working with an Illinois PEO is that it is an affordable option for businesses of all sizes. You can customize what PEO services you will take advantage of. You also have several affordable options depending on what PEO you choose to partner with.
Many PEO companies offer affordable solutions to businesses. At NetPEO, we offer solutions for your business at no additional cost. Working with a PEO will allow you to offer affordable benefit packages to your employees without having to spend additional money from your business.
How to Get Connected with the Best PEO for Your Business
If you want to work with the best PEO for your business, you may want to schedule a consultation with NetPEO. NetPEO is a PEO and a brokerage firm. We can outsource any administrative duties that your business needs.
If we discover that another PEO can offer you additional services for your business, we can connect you to several options. We want to ensure that whatever PEO you work with can provide all of your business’s needs.
Contact Us Today to Find the Best PEO Provider for You
When you want to create the ideal PEO partnership for your business, contact NetPEO today.
Call our office, or submit our contact form to discuss what services you may need. We can answer your questions and provide you with all of the information necessary to make an informed decision about your company’s PEO needs.
