The difficult and time-consuming responsibility of managing the daily operations of your New Jersey company falls on your shoulders. This includes administrative tasks. Your company is doomed to fail if you don’t care for your HR and payroll needs.
To cater to the demands of employees, handling payroll, benefits, and other staff duties is necessary. It is tricky to wear many hats. Your business will benefit if you get into a co-employment contract with a professional employer organization (PEO).
A New Jersey PEO company can help your business thrive while you grow your staff, and NetPEO can help you find the best PEO out of our nationwide network of professional employer organizations.
Professional Employer Organizations
Professional employer organizations bring firms together under a single Federal Employer Identification Number (FEIN) to assist businesses with administrative requirements. This setup moves some of the risks associated with being an employer to the PEO.
You will always control how things are done at your company, but the PEO handles all employee administrative chores that do not immediately influence revenue. Businesses use a PEO for their experience in:
- Human resources
- Benefits
- Payroll
- Tax
- Performance management
- Workplace liability
- Safety
- Compliance
- Record keeping
- Recruiting, retention, and separation.
An entrepreneur does not start a business to learn all there is to know about employee handbooks, payroll taxes, and labor regulations. However, once an employee is hired, you need someone who knows these things. This is where a PEO solution can help you.
Overview of New Jersey PEO Services
The main PEO services include payroll administration, tax return preparation, workers’ compensation payments depending on cash flow, risk assessment and management, and meeting New Jersey’s Department of Labor regulations.
In addition, many PEOs in New Jersey assist companies with various administrative tasks, such as hiring, expenditure reporting, onboarding, and safety training. The PEO’s vast experience makes your company look more professional and simplifies your HR burdens.
With the help of a PEO, businesses can also bargain down the cost of benefits like workers’ compensation and health insurance, saving money and making your company more attractive to potential hires.
Benefits of Hiring a New Jersey PEO Company
PEO clients benefit from a wide range of benefits. To begin with, NetPEO customizes HR services to meet each company’s unique needs. We can work with your organization’s current HR department or you can have us manage all of your accounting and HR requirements.
This ensures that our corporate clients never have to pay for services they won’t utilize. By outsourcing certain services to NetPEO, your business can benefit by:
- Saving money
- Saving time
- Improving employee retention
Outsourcing Can Save Money for Businesses
When you work with NetPEO, our services will save your company a substantial amount of money compared to hiring an in-house HR and accounting team.
In addition, our services contribute to a decreased risk profile for you, which may result in considerable long-term cost savings.
Outsourcing Can Save Business Owner’s Precious Time
Most business owners have a strong passion for their industry when launching their businesses. However, as they grow, they may discover they’re spending too much time on administrative duties like payroll and HR paperwork.
Business owners can concentrate on what made them successful in the first place by working with NetPEO.
Outsourcing Can Help Improve Employee Retention
Recruiting requires a significant time investment. The modern job market is highly competitive, making it difficult for businesses to attract and retain top talent.
PEO companies in New Jersey, like NetPEO, can help companies enhance their employee benefits and recruitment efforts, making it easier to attract and retain top talent.
Research has also shown that businesses that use PEOs see a significant decrease in employee turnover, which saves money in the long run by reducing the need to replace departing workers and train new ones constantly.
PEO Services Offered by NetPEO
NetPEO provides its clientele with a wide range of human resources and accounting services. Here’s what we offer regarding PEO services that may benefit your company.
Payroll Management
In human resources, managing payroll takes up a lot of time. NetPEO assists our customers with paycheck distribution, tax preparation and compliance, employee self-service portals, and clear, concise reporting.
Statutory Compliance
One of NetPEO’s goals is to ensure that our clients comply with all applicable federal, state, and local regulations. If a regulator catches you breaking the rules, you could face huge fines or even jail time.
We ensure that you follow all applicable laws and regulations, including the Pregnancy Discrimination Act, the Americans with Disabilities Act, the Affordable Care Act, the laws governing minimum wage, and so on.
Employee Perks
Co-employment partnerships allow PEOS to deliver competitively-priced comprehensive employee benefits. It’s understandable if a potential employer has reservations about co-employment but be assured that this arrangement poses no more danger than any other business partnership.
Contact NetPEO to Find a New Jersey PEO Company
Finding the right PEO for your company isn’t easy. There are thousands of PEOs in the country, and not all of them meet our standards or your needs. By working with NetPEO, you get an ally who can help you find the right one.
We consult with you about your company needs and help you choose a New Jersey PEO company that’s reputable, competent, and can respond to your evolving needs. If you are ever unsatisfied with your PEO, we can help you switch.
Get in touch with NetPEO, and we’ll have a specialist look at your business and help you zero in on your needs. As soon as we get that data, we’ll be able to provide you with a quote and start connecting you with PEOs who have the skills you need.
