- 2 years in business
- Trusted by over 10,000 businesses
- Fast and easy service
- 31 years in business
- National Coverage
- Real-time and historic reports
Choosing PEO Company
Do you want to achieve cost-effectiveness when providing HR solutions for your small or medium-sized business? If yes, you need to outsource your HR and other administrative tasks to a good PEO company that meets all your business needs.
Yet finding a reliable PEO is a daunting task since we have so many of them offering similar features. It would be best if you had one that can easily handle payroll, on-boarding/off-boarding of employees, benefit’s package, worker’s comp, and HR compliance matters and still abide by federal and state regulations.
Here are a few things to consider before choosing a PEO company.
What Are Your Business Needs?
First and foremost, you need to assess your workplace to ascertain your business needs and other challenges your organization faces. This will help you look for a PEO company that meets your needs to grow your business into a success.
Some of the potential business needs include:
- Payroll Processing – Either full or partial payroll support.
- Human Resources Tasks – Administering benefits, recruiting/firing of employees, etc.
- Risk Management Solutions– To minimize liability.
It would be best to consider these few facets within your business when determining whether to work or not with a specific PEO.
Check Employees Benefits Package Options
If you want to work and retain top talents on the market today, you need to offer some of the best employee benefits to meet workforce competition’s needs.
This means that you need to work with a PEO company that guarantees better rates on health insurance and workers’ comp coverage to attract the best talents. A good PEO can use their large pool of clients to negotiate better rates with different benefits providers.
Meet Key Staff Members, and Perform a PEO Background Check
The best way of vetting PEOs is meeting their key staff members personally and asking questions to help you perform a necessary background check before working with them.
Some of the crucial questions to ask are:
- How many years have you been in business?
- What certifications does your PEO have?
- Have you worked in an industry similar to my business?
- What is your client retention rate?
- How can you help with my business?
What Technology Does a PEO Use?
The main reason why you would want to work with a PEO in the first place is to make your life easier as the owner or manager by handling all your HR and other administrative tasks with ease and efficiency.
The best possible way a PEO can do that is by adopting an online web-based payroll system which successful automates all its HR services such as:
- Accessing and managing payroll information.
- Generating on-demand payroll reports.
- Fast payroll processing time.
- Keeping track of all employees’ deductions.
- Simplifying worker’s comp calculations and payments.
Ask for Client and Professional References
Don’t choose blindly any PEO you come across by first checking their history and quality of services through client and professional references.
A good and honest PEO company should provide such information with ease and not beat around the bush to prove their trustworthiness and credibility.
How Will the PEO Meet Your Organizational Needs
To know precisely whether a specific PEO can help meet your organizational needs, you need to perform a due diligence analysis of the company.
You can start by contacting some of the PEO references from companies in your industry. It will help you learn more about how the PEO works and some of the challenges, if any, to expect. Go for a PEO provider that seems to have excellent client feedback and positive reviews online.
Review a PEO’s Service Agreement Contract
A service agreement includes all your responsibilities, and those of the PEO of your choice will handle. Make sure you read the contract carefully before agreeing to work with them.
Doing so gives you some peace when working with a good PEO company, and not to worry about any legal issues arising in the future.