Some companies feel that if their employees are unhappy then they can look elsewhere for work. But this actually costs companies a lot of money in the end. Think about the costs involved in finding a replacement, training that replacement, and dealing with the fallout of the mistakes that replacement will make while in training.
But how do you hold onto employees who feel unhappy and want to quit?
The key is to give them what they want in the first place so they never reach that level of unhappiness. Happy employees are better for business. They work harder for their employer and genuinely want to see their employer succeed. So, they do everything they can to do the best job they can.
When you team up with a PEO, you are taking the first step to retain employees. A PEO can help your employees feel more fulfilled. We give them the tools they need to excel at their job, including those competitive benefits they might have looked for elsewhere.
The team at NetPEO can help you find the right PEO for your business. Give us a call at (678) 376-1212 today for a free analysis.
How a PEO Helps You Keep Your Employees for Life
A PEO does many things for the company it works for that can trickle down to that company’s employees. This can help improve the employees’ peace of mind in working for that company.
Following the Rules
A PEO can handle all the documents necessary for companies to remain compliant with state and federal labor laws. This may not seem like something that would affect your employees, but it can, and it does.
When a company isn’t following the rules as it should, it’s only a matter of time before the company gossip mill starts churning. Employees will find this out, and they won’t feel comfortable working for you, so they’ll start to look elsewhere. It may be nothing more than simply not having the time to fill out the paperwork, but your employees may see it as something more sinister and look for an “upstanding” company to hire them.
Providing Better Benefits
One of the main reasons employees will leave a company is because they feel like they can find a better benefits package somewhere else. This is especially true if you don’t offer them any benefits at all.
By bundling different companies together who all use the same PEO, a PEO can get group discounts on benefits that those companies may have otherwise been too small to get on their own. This saves both the employer and its employees money on benefits plans that often come with better benefits than small businesses can usually afford.
Not only that, but a PEO may be able to help you get a better discount on your benefits package by finding more services to include in your package. For instance, do you offer your employees educational benefits currently? Or a 401K plan? If not, then you may be able to bundle these things into a better benefits plan, which saves you money in the process and helps you retain your employees.
More Responsive HR
Money isn’t everything, and when you work for a company, you want to make sure that when you have needs, the company can meet those needs. Your HR department generally handles everything from taxes to payroll and beyond, but if your HR department is nonexistent or too small, then these kinds of claims can accidentally fall by the wayside.
A PEO is on top of these issues so you don’t have to be. And if you had an issue with your paycheck or benefits, wouldn’t it be a major comfort to you to know that the company you work for is able to fix it for you right away? Even the busiest companies can do that when they team up with a PEO.
Finding the Right PEO for Your Business
Businesses who use PEOs, especially smaller businesses, tend to see a lower turnover rate and grow almost 10 percent faster than similar businesses in their field. They are also half as likely to go out of business compared to companies who don’t work with a PEO. But with so many PEOs out there, how can you know which one is right for your company?
That’s where NetPEO comes in. We have the resources and know-how to narrow down the playing field to find just the right PEO for your company. And if we somehow get it wrong on the first try, we’ll stick around to check in with you to make sure things are still working out. If not, we’ll get right back out there and find a better match with little to no interruption to your schedule.
So, if you’re interested in teaming up with a PEO but you don’t know where to start, call NetPEO today for a free business analysis. You can reach us at (678) 376-1212 or send us a message on our website. One call to NetPEO and we do it all. Don’t wait any longer to change your business and your life — call NetPEO today!
