Can you name all the HR, payroll, and compliance tasks your company needs to do to stay afloat once you get 10 employees? How about 30? Or 100? The more staff you hire, the more time you spend doing administrative tasks, which means less time growing profits.
Instead of hiring your own HR team or outsourcing, consider using a Washington PEO company instead. NetPEO can connect you with local PEO companies that are the right fit for your business size, niche, and administrative needs. You can get a complete services package or get a la carte options.
How Does NetPEO Work?
NetPEO arranges co-employment contracts between companies and professional employment organizations nationwide. Co-employment gives business owners significant advantages over hiring HR staff or outsourcing their HR needs.
Hiring your own full-time HR staff too soon can create an expensive drain on your business. Hiring is never cheap, and HR professionals know how important their job is to growing businesses. Plus, you lose an enormous advantage of co-employment: labor pooling.
Outsourcing is cheaper than hiring, but it also has disadvantages. Their way of doing business might not mesh with yours, and you also lose the advantage of labor pooling. Also, an outsourcing company may not have the local knowledge you need to stay compliant with state and city regulations.
What Is Labor Pooling?
One major reason companies seek HR staff is to handle benefits management. A strong benefits package is attractive to top talent, but getting access to the best benefits is expensive unless you have numerous employees paying into the system.
By working in a co-employment arrangement, your employees get folded in with the rest of your PEO’s labor force. This gives them significant leverage for negotiating benefit rates. The result is better benefits for everyone. It makes your company more competitive on the labor market.
In a co-employment arrangement, your employees will work for the PEO on paper, but all their tasks come from you. You keep the authority you had, including hiring and firing, while your PEO handles all the administrative necessities for your business.
The NetPEO Advantage
Finding your own PEO is challenging because there are so many out there. By working with NetPEO as your PEO broker, we can connect you with the PEOs that are exactly the right fit for your needs and we help you negotiate the contract.
If you’re already in an existing relationship and want to get out, NetPEO can work with your company to find a better PEO and get you out of your old contract. We have one of the highest satisfaction rates in the industry because we take our time to find the best fit.
Once you’ve partnered with your PEO, NetPEO will check in regularly to make sure that your PEO is still a good fit for your company. Unlike many other brokers, our job isn’t done once you’ve signed the contract. As you continue to grow, your needs will change and you may need a fresh set of services. When that time comes, NetPEO will be ready to help.
What Services Do You Offer?
Depending on your company and organizational structure, you may need a complete HR and payroll package or just a few services. NetPEO can help you with either setup. Some services we help companies with include:
- Recruitment services
- Employee management
- Organizational development
- Payroll management
- Employee benefits
- Legal compliance measures
- Employer liability management
- Policy development
These are all vital services for growing organizations and need the touch of a professional to do it right. An error in any of these could have drastic consequences, including getting the attention of labor regulators and tax enforcement! This leads to our biggest benefit of all: peace of mind that your organization is running right.
Contact NetPEO for an Assessment
If you’re ready to grow your business without getting bogged down by administrative tasks, speak with NetPEO for an assessment. We’ll discuss your needs, talk about the new stages of regulation you’ll encounter as your Washington business grows, and connect you with a PEO that knows your industry. Contact us today to schedule your assessment.
