Key Features and Services of PEOs
The PEO Checklist
Choosing the right Professional Employer Organization (PEO) is a complex decision.
That's why we created the PEO Checklist (fill out the form to get it!)
This list helps you think through the key features and services provided by Professional Employer Organizations (PEOs).
Everything you need to know to when choosing the right PEO for your business, and your people.
"How do we choose the right PEO?"
With over 500 PEOs in the United States (as of 2021, according to NAPEO)– The challenge is finding the right fit for your organization so your business can grow and your people are happy.
Leverage a PEO broker.
Leveraging a PEO Broker means more than just finding a PEO; it’s having expertise, a more efficient process for assessing options, and the right solution that elevates your business performance.
A trusted advisor to help you decode the complexity of options.
This is why it’s crucial to find your BestFit solution and to streamline this complex process so you can make the right choice.
Download the Checklist, then schedule a call with an advisor today!
FAQs
How does a PEO help streamline HR processes and save costs for my business?
A PEO can centralize various HR functions, including payroll, benefits administration, and compliance management. By leveraging economies of scale, PEOs can often negotiate better rates for benefits and insurance, leading to cost savings for your business. This enables you to focus on your core operations while efficiently managing HR tasks.
What factors should I consider when evaluating the quality of healthcare benefits offered by a PEO?
Look for a PEO that provides a range of healthcare options catering to your employees' diverse needs. Evaluate the network coverage, provider options, and the flexibility to customize plans. Additionally, consider the PEO's track record in managing and controlling healthcare costs, as this will impact both your budget and employee satisfaction.
How can a PEO contribute to employee satisfaction and retention?
PEOs often offer comprehensive employee benefits packages, including health insurance, retirement plans, and wellness programs. These offerings can enhance overall job satisfaction and contribute to employee retention. Additionally, by handling administrative tasks efficiently, a PEO frees up time for your internal HR team to focus on strategic initiatives that positively impact employee engagement.
What compliance and regulatory expertise should I expect from a reputable PEO?
A reliable PEO should have a deep understanding of local, state, and federal employment laws. They should keep abreast of regulatory changes and ensure your business remains in compliance. This expertise is crucial in mitigating legal risks and avoiding potential penalties. Inquire about their compliance track record and how they stay informed about evolving regulations.
Can you explain the onboarding process, and how quickly can a PEO integrate with our existing HR systems?
The onboarding process with a PEO should be seamless to minimize disruption. A reputable PEO will have a well-defined onboarding plan, including data migration and system integration. Timeframes can vary, so it's essential to discuss the specific needs of your business and understand the PEO's capabilities in adapting to your existing HR systems. A smooth transition is crucial for maintaining operational efficiency.