If your small business in Nashville is struggling to compete with larger corporations, or if you need to free up resources toward growth and expansion, a Nashville PEO company might be the tool you need to take your business further.
A PEO allows companies to outsource departments like HR and payroll, as well as smaller tasks like government compliance and employee benefits. Handling these responsibilities yourself can make it difficult to do the necessary work to keep your operation running.
At NetPEO, our Nashville PEO brokers will do everything they can to find a provider that meets the unique needs of your business. Experience the NetPEO Advantage by contacting us today.
Services Your Nashville Business Can Outsource to a PEO
Our team in Nashville can find you a PEO company that can take on a wide array of tasks at your company. Here are some of the services to businesses your new PEO will be able to take care of:
- Human resources: If your company’s human resource solutions are inefficient and prone to making expensive mistakes, a provider can help. The right PEO can assist you with everything from hiring, training, and onboarding to performance reviews and terminations.
- Payroll service: Payroll mistakes can irritate your workers and even get you in trouble with the IRS. A broker can match you with a PEO with payroll solutions who can make sure your employees receive their direct deposits and W-2s on time. Payroll specialists can also help with unemployment claims, workers’ comp deductions, payroll taxes, and payroll processing.
- Employee benefits: When you partner with a PEO, you’ll finally be able to offer your workers the healthcare and retirement benefits they deserve. They’ll have access to medical, dental, and vision benefits as well as 401k and IRA retirement plans. When your employees hear about their new perks, they’ll be thrilled and much less likely to leave you for larger companies.
- Government compliance: Keeping up with federal and state business regulations can be confusing. If done incorrectly, you could face a serious fine. Luckily, PEOs have compliance specialists who are familiar with the nuances of business laws in the State of Tennessee. They’ll ensure your company is compliant so you don’t have to worry about paying exorbitant penalties.
NetPEO Offers Tailored PEO Solutions for Nashville Businesses
As a trusted PEO brokerage service, NetPEO has the expertise to assess your company’s unique HR requirements. Our process begins with an in-depth consultation to understand your business, followed by the development of a comprehensive action plan.
NetPEO has a network of providers working across the nation. Our brokers will create a list of PEOs to compare with the comprehensive services you need and a track record of success in addressing business challenges.
Once you have identified the ideal PEO partner, you will enter into a co-employment arrangement. The co-employment arrangement simply enables the PEO to deliver services. We provide ongoing support to ensure that your needs are consistently met and that you remain fully satisfied with the arrangement.
Understanding the Dynamics of a Co-Employment Relationship
In a co-employment relationship, the roles and responsibilities of the business owner and the PEO are clearly defined. As the Executive, you maintain full authority over your employees, retaining the ultimate decision-making power in hiring, firing, and directing the course of your company.
The PEO, on the other hand, legally incorporates your employees into its larger employee pool. This expanded employee base grants the PEO unique advantages that are typically out of reach for smaller businesses. Pooling labor lets the PEO secure top-tier employee benefits packages at more competitive rates.
PEOs Are Affordable Replacements for In-House Staff
Hiring HR professionals and payroll solution experts to work in-house can be costly. You can get the services of a PEO for a fraction of that cost, making them an excellent solution for companies that need to watch their budgets carefully.
Even better, PEOs offer different payment structures to best suit your business. Fee structures include:
- Price per employee
- A flat percentage of gross payroll costs
Say your business has only a handful of employees with relatively high salaries. A single price per employee may end up saving you money. If you have a large number of employees with more modest salaries, your budget may be better served by a flat percentage of your payroll costs.
Nashville Businesses that Can Flourish With a PEO
No matter what industry niche you’re in, our skilled PEOs can assist you with any HR or payroll task you have. Our PEO Brokers serving Nashville have more than two centuries of combined experience across industries helping companies such as:
- Aviation firms
- Law firms
- Restaurants
- Retail centers
- Construction firms
Put our industry expertise to work for you. We have business solutions that can reduce the administrative burden for any company size. Many small and medium-sized businesses turn to PEOs to help them get over the hurdle between a business owner doing everything to having full-time HR and payroll staff.
Schedule a Free Consultation and Receive a Free Quote Today!
At NetPEO, our goal is to help small and mid-sized businesses succeed by connecting them with reliable and efficient PEOs. Our PEO brokers in Nashville can find you a provider that will improve your HR and payroll solutions.
Call us or fill out our contact form to schedule your free consultation. You’ll be amazed at how effective and smooth your company’s workflow is once you’ve been partnered with a PEO, and you’ll get peace of mind about compliance and risk management.
