Partnering with a PEO is a smart way to make your business more efficient. It can also save money that can be better used on projects that will expand your company’s horizons. The biggest benefit of working with a provider is the ability to outsource departments like HR and payroll to professionals who have been managing administrative services for years.
Outsourcing is significantly less expensive than keeping a department in-house, and the quality of service you get from a PEO is simply unmatched. If you want to take your business to the next level, a NetPEO broker in Richmond can connect you with a provider that will make you and your employee’s lives easier, and help your business grow.
How a PEO Can Help Your Richmond Company
There are a number of departments and tasks you can outsource to a PEO. One of our brokers can find you a provider that specializes in all the fields you need help with. You’ll be able to pick and choose a la carte style, which services you want your PEO to manage. Let’s learn more about what a PEO can do to help your business in Richmond.
Human Resources
When you outsource your HR tasks to a PEO, they’ll perform all the services your old HR department used to provide for a fraction of the cost. They only work with the highest qualified HR professionals, so you don’t have to worry about delays or mistakes with the following functions:
- Hiring
- Training
- Creation of training materials
- Performance management
- Organizational management
- Terminations
Payroll
Having a PEO can save you from the headache of keeping an in-house payroll department. They’ll handle all your payroll related needs with little to no error. A broker in Richmond can find you a PEO that will ensure your employees get their paychecks and tax documents on time, and provide you with detailed payroll reports whenever you need them.
Government Compliance
Making sure your company is operating in accordance with government business regulations is important if you want to avoid paying a fortune in fines. Thankfully, your new PEO can ensure your company is compliant, so you don’t have to worry about dealing with lawsuits or enormous penalties.
Employee Benefits
Not being able to offer comprehensive benefits to employees is an unfortunate reality for small businesses. It makes workers feel undervalued and increases the chances that they’ll look for employment elsewhere, but a PEO can change that. Your new provider will be able to craft a quality benefits package that is guaranteed to make your workers feel appreciated.
A PEO Broker in Richmond Can Find Your a Provider That Will Help Your Company Expand Quickly
The data is in, and it shows that PEOs are the best business strategy for growth and employee retention.
Hiring a PEO can also reduce the likelihood of your business closing, decrease administrative costs by $450, and increase your worker retention rate by as much as 14%. You’ll be glad you reached out to a PEO broker in Richmond when you see how much their services can help your company improve.
PEOs Are the Perfect Business Solution for Small Companies
To reap the benefits of a PEO you don’t need a large employee base, or a lot of cash on hand. In fact, PEOs have been known to partner with companies that have as little as 5 workers, and their prices are always reasonable enough for small businesses to afford.
PEOs usually charge per employee, or a low flat-rate. As you can probably imagine, charging per employee is ideal for businesses that don’t have a lot of workers. Your broker in Richmond will provide you with a list of providers and their rates so that you can choose a PEO that works for your company and your budget.
Your Richmond Broker Can Find You a PEO With Access to the Latest Technology
Limited access to HR and payroll technology can seriously hamper your company, and make it hard to compete in today’s business world. Luckily, partnering with the right PEO can give you access to tools like employee portals and HR programs that will give your organization an advantage against other businesses.
Your new provider will also be able to manage your company’s data, and train your employees on how to use your new technology. You’ll thank your Richmond PEO broker when you realize how efficient and tech-savvy your business is after just a few weeks with a new provider.
What a PEO Broker in Richmond Can Do for You
If you decide to work with a broker in Richmond, their first order of business will be to assess your company and learn what’s holding you back from expanding and becoming more profitable. They’ll use that information to find a PEO that’s capable of providing all the services your business needs to thrive.
Once they’ve found the PEOs that could help your company the most, they’ll provide you with a list of providers to choose from. Your broker will check in periodically to see how things are going with your new provider. If you ever have any problems with them, your broker can address the issues or help you find a new PEO.
Contact a PEO Broker in RichmondToday
At NetPEO, we’re committed to finding you a provider that satisfies your employees, saves you money, and allows your business to compete with some of the most successful companies in the nation.
Call us or fill out a contact form on our website to schedule your free consultation. We’ll never charge you for our brokerage services, so you’ve got nothing to lose from calling today!
