Small businesses are truly the backbone of the American economy. They’re responsible for 44% of U.S. economic activity and create two thirds of new jobs in the nation. But in today’s increasingly competitive business world, it can be hard for small businesses to thrive, let alone stay open for an extended period of time. That’s where we can help.
At NetPEO, we connect businesses with the tools they need to thrive. If your business is suffering from low quality administrative services, we suggest partnering with a Professional Employer Organization (PEO). A PEO broker in Oklahoma can find a PEO that will take over any task you need help with, so you can focus on what matters most to your company.
Outsourcing to a PEO in Oklahoma Can Save You Time and Money
An accident prone administrative staff can leach valuable company time and resources. If your business is being bogged down by your HR or payroll department, partnering with a PEO could help. With a PEO, you’ll be able to outsource all the administrative functions your company is struggling with for less than the cost of keeping in-house workers.
Since outsourcing to a PEO is far cheaper than paying dozens of salaries, you’ll have a significant amount of time and money leftover. You could then put those extra resources towards a project that focuses on growth and expansion. Here are some of the tasks a PEO in Oklahoma can take off your plate:
Human Resources
A well-oiled HR department is crucial to the success of a small business. If your human resources team isn’t quite living up to your expectations, a PEO can meet and exceed them. They’ll be able to manage everything from hiring and training to performance reviews and employee terminations.
PEOs only hire the most qualified professionals, so you can rest assured that your new HR services will be free of error.
Payroll
Are your employees tired of receiving their paychecks and W-2’s late? A PEO can help with that too. They’ll make sure your workers are paid on time, and receive their W-2’s in time for tax season.
Compliance
Keeping up with the complex web of federal and state business regulations can be a major hassle. If your government compliance team is failing to keep your business on the up and up, you should consider hiring a PEO to take care of it.
PEO brokers in Oklahoma can match you with a PEO that will keep your company in good standing with the government, so you don’t have to worry about paying expensive penalties
A PEO in Oklahoma Can Give You Access to Comprehensive Benefits
One of the main reasons why employees leave their jobs is a lack of comprehensive benefits. If you’re having a hard time providing your workers with the health and retirement benefits they need to feel content with their jobs, a PEO can help you give them what they need.
When you partner with a PEO in Oklahoma, your employees become part of a much larger workforce. That’s how your provider is able to gain access to benefits that are usually only seen at larger companies.
Here are some of the benefits your employees will be able to enjoy once you partner with a provider:
- Medical
- Dental
- Vision
- 401(k) plan
- IRA options
Once your employees hear about their new health and retirement plans, they’ll feel appreciated and be much less likely to look for employment elsewhere. If you want to improve employee satisfaction and increase your retention rate, Oklahoma PEO brokers can match you with a provider that will help you do just that.
A PEO Can Help You Improve Your Company’s Sexual Harassment Policy
Creating and enforcing a detailed sexual harassment policy is a must for businesses of any size. If your company’s policy is vague or poorly enforced, a PEO in Oklahoma can change that. They’ll be able to create a policy that clearly explains to your workers what constitutes inappropriate workplace behavior.
Your PEO can also hold a seminar for new and existing employees to explain to them which behaviors won’t be tolerated. Once your new sexual harassment policy is in place and well understood by all your employees, your workers will feel safe knowing that they’re protected from unwanted comments and advances.
Paying Your Oklahoma PEO
When it comes to paying your PEO, you have two options to choose from. The first option is to pay per employee, per year. With this option, you can expect to pay between $900 and $1,500 per worker.
You could also choose to pay a percentage of your payroll for each pay period. If you select this payment option, you can expect to pay between 3% and 10% of your overall payroll for each pay period.
The first option is popular among many companies because it’s often more predictable than paying a percentage of payroll. The second payment method is favored by small businesses because it’s usually easier to afford than paying a lump sum every year.
How a Broker in Oklahoma Can Help You Find a Provider
Your Oklahoma PEO broker is here to help you find a provider that meets the specific needs of your organization. In order to find a PEO that’s tailor-made for your business, they’ll need to learn more about your company. To do this, they’ll ask questions about the tasks your various departments are struggling with, and the goals you want your business to achieve.
Once they know more about your company, they’ll be able to find a PEO that excels in the functions and services you need assistance with. Once they have a short list of options, they’ll leave it to you to make the final decision. Once you’ve officially partnered, your broker will always be there to offer solutions to any problems you have with your PEO.
Schedule a Free Consultation Today
At NetPEO, our brokers pride themselves on their ability to identify the shortcomings of small businesses, and match them with a PEO that can fill in the gaps. If your company is in danger of closing its doors, or if it just needs a little boost to reach that next level, a PEO broker in Oklahoma can connect you with the resources you need to stay afloat and rise to the top.
Call us or fill out a contact form on our website to schedule a free consultation and get a quote for your new provider. We won’t charge you for any of our brokerage services, so there’s virtually nothing stopping you from getting the help your company needs today!
