A professional employer organization (PEO) can be largely beneficial for both the company that partners with it and the employees who work for the company. One of the most attractive benefits of such a partnership is the fact that employees often have to pay less for their benefits packages, and those packages are usually better than others being offered by similarly-sized companies.
This is because a PEO can do the legwork necessary to collect and compare quotes from insurance companies to provide your employees with the most cost-effective benefits packages.
Discount Programs
When a company decides to partner with a PEO, which a broker service like NetPEO can set up for your business, employees may be offered discounts stemming from that partnership. Common discounts include those offered for entertainment, like theater tickets, and even benefits on certain forms of travel, like car rentals.
For this reason, employees are often pleased when their companies sync up with PEOs because they, like their employers, enjoy perks they might never have been able to enjoy before the merger.
Fewer Lawsuits
Another benefit provided to employees by a PEO has nothing to do with what they get, and all to do with what they don’t get: legal trouble.
A PEO has the resources available to train employees on what is acceptable behavior in the workplace. A company that does not have such resources available is less equipped to train its employees properly. As a result, the company – and its employees – may have to deal with more lawsuits related to harassment or discrimination than if the proper protocols had been put in place.
A PEO can also assist with drug testing programs at all phases of employment. The last thing you need is to hire an employee with a drug problem simply because you didn’t have time to test them. When a proper drug testing program is in place, not only do you benefit from not being subject to a host of problems, including lawsuits for damaged property, but you also protect the safety and morale of your employees.
More Control
Some companies are terrified to hire a PEO because they think they’ll have to relinquish all control of their company to someone else. In fact, the exact opposite is true. When an experienced like NetPEO is in charge of your business, you can rest easy knowing that everything is under control, from your payroll to your benefits and beyond.
And who doesn’t want to work for a company that has a good handle on things? A PEO can help your company run more like a well-oiled machine, and when communication is good and paperwork is in on time and done correctly, your confidence trickles down to your employees. A PEO can help create a company that your employees are proud to work for.
A More Developed HR Department
With a PEO, new hires don’t have to worry about their paperwork getting lost in the shuffle or left on someone’s desk. They have benefits the moment those benefits are supposed to kick in. Their paychecks are never incorrect. And they can be connected to the right person every time who will handle whatever issue they have with care and expediency.
When your HR department is being handled well, your employees have less to worry about. And just like you, when your employees don’t have to focus on the small stuff, that gives them the freedom to do their job correctly. And when they do their job correctly, they please both you and your customers, which helps your business grow.
It may not seem like HR is as important as your other departments, but it’s one of those situations where you know you’re doing well when you don’t have to think about it. When your HR department is suffering, everyone else suffers as a result. It’s a breath of fresh air when all of your paperwork is in compliance, your employees are being properly cared for, and your taxes are being paid timely.
Need Help Running Your Business? We’re Here For You!
Whether you’re heading up a large corporation or just starting out with a small business, NetPEO can help. We have helped businesses find professional employer organizations across the United States, with employees numbering from 5 to 500, and now we want to work with you.
Don’t need the entire package? The companies we work with offer a la carte outsourcing services as well. Contact us today at 678-376-1212, and let’s design the package together that best meets the needs of your business.
