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How Can a PEO Help Your Business?

May 10, 2021, by New City Insurance

Growing a business requires time, commitment and the ability to delegate tasks appropriately. When business leaders spend too much time focusing on human resources, they cannot dedicate themselves to core strategies that facilitate growth. When HR demands become too much, businesses often turn to PEO services for assistance.

What Is a PEO?

business employee finding out info on a peoA professional employer organization (PEO) is an outsourcing option for businesses that want to delegate time-consuming tasks like HR, benefits, payroll, compliance and workers’ compensation.

This all-inclusive solution begins when an employer enters into a joint-employment relationship with a PEO by leasing employees to the employer. The PEO is then entitled to manage and share various employee-related responsibilities and liabilities with the employer.

PEOs that partner with businesses form a legal arrangement referred to as ‘co-employment.’ Under this type of arrangement, the PEO acts as an “employer” to the business’s workers for special situations.

Although the actual employer retains complete control of the company, its employees, and all hiring and firing decisions, a PEO will step in to handle various aspects of the business, such as HR and benefits.

Benefits of Hiring a PEO

Professional employer organizations provide businesses with a convenient, all-in-one HR and compliance solution. With a PEO, companies can avoid the hassle of outsourcing essential business tasks to multiple insurers, specialists and vendors. A PEO can provide many essential services, such as:

Payroll

A PEO will handle all aspects of employee payroll, including documentation, women looking up a peotracking, deductions, garnishment, taxes, and sick and vacation day accrual. PEOs generally provide employees with access to services like direct deposit, online pay stubs and digital W-2s. Employers are given periodic payroll management reports and records.
Employee Benefits – PEOs can give businesses access to a large selection of benefits plans at competitive rates. Plans such as medical, dental, vision, retirement savings and similar benefits can ensure that employees have the benefits they need for good health and wellness. A PEO can also recommend other benefits, such as life insurance, educational assistance, Flex accounts and disability benefits.

HR Administration

When businesses are unable to fulfill the role of human resources properly, they can depend on a PEO to act as the HR department on the employer’s behalf. PEOs can provide employee verification, employee manuals, termination support, liability management, drug testing and can even assist in new hire onboarding. A PEO can perform on their own or as a team with the business’s existing HR department.

Recruiting

Hiring new employees can be a time-consuming and complicated process. A PEO can help employers in the hiring process by developing strong job descriptions and hiring managers to identify top talent.

Performance Management

Every good employer knows that good performance by employees should be rewarded. To help the top performers feel like valued assets to the company, perks may be offered to employees that meet certain requirements. A PEO can help determine who the top performers are by conducting employee evaluations and providing workers with the resources and tools they need to better themselves.

Compliance

Certain businesses are required to meet regulatory compliance guidelines, including Affordable Care Act requirements. A PEO can provide business owners with guidance on ACA requirements or employers can choose to allow the PEO to handle all aspects of compliance on their behalf. Businesses that consistently meet compliance do not have to worry about harsh penalties.

Training and Development

business professional shaking hands on a peoEmployees should always strive to do better and businesses can greatly benefit from increased productivity and performance. PEOs can help in this regard by helping to train employees and develop leaders within the workplace. Training can be accomplished in several ways, such as through on-site training, custom seminars or online learning systems.

Claims Resolution

Workers’ compensation claims must be handled swiftly and accurately to ensure that the ill or injured employee receives their benefits promptly. PEOs can provide businesses with workers’ compensation insurance and assist in every step of the claims process. A PEO can also conduct preventative safety reviews and help injured employees return to work.

Choosing a Professional Employer Organization

When comparing PEOs, there are certain qualities that a business should look for, such as financial stability and a strong track record.

A PEO should have the resources needed to meet the unique needs of the business and its employees and should be willing to provide ongoing support and guidance. Consider asking the PEO for references from past clients in the industry to determine their professionalism and trustworthiness.

Speak with an Employee Benefits & HR Consulting Firm About A PEO

Businesses in nearly all industries can benefit from PEOs, such as health services, legal services, HVAC, wholesale, business services, engineering services, technology services, real estate, manufacturing and many more. To learn more about how New City can help your business, contact New City Insurance.

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Filed Under: Benefits,  PEOs

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Google Rating
5.0
New City Insurance
New City Insurance
5.0
Carol Zhang
Carol Zhang
04:29 06 Mar 22
As a rapidly expanding national media organization, the employee benefits strategy and administration that New City has provided us during our growth has been invaluable. They have been proactive about informing us of the different benefit strategies available to us as we grow as well as managing the additional compliance laws and reporting requirements at each stage of our growth.
Claudia Villalobos
Claudia Villalobos
20:14 03 Mar 22
New City Insurance made navigating through all the health insurances super EASY. Their documents are highly informative, professional, and easy to work with. Thank you for making the process of choosing a health plan so simple. You guys are THE BEST!
Philippe Salas
Philippe Salas
17:02 22 Feb 22
I never expected to have a good time talking to an insurance salesman, but let me tell you Brendan was quite the treat. He was very helpful explaining the options and has a wonderful sense of humor. I hope to speak with him every time I call.
Jennifer Polito
Jennifer Polito
17:15 09 Feb 22
Super easy enrollment process. Fast and friendly customer service. If you are looking for an insurance company that is there for you every step of the way I highly recommend New City Insurance.
Rocky Salas
Rocky Salas
23:46 07 Jan 22
So friendly, I hope to speak to him again in all my future insurance needs.
Rocky Salas
Rocky Salas
23:38 07 Jan 22
So friendly and soft spoken. I hope to speak to him again in all my future insurance needs.
Jose Brena
Jose Brena
13:20 06 Jan 22
Eric Calciano has been extremely helpful in finding and selecting the right insurance coverage for our company. With many options out there Eric assisted us on getting a low cost provider saving more than 20% than from our competitors and providing excellent coverage for our employees.
Anastasia Beaverhousen
Anastasia Beaverhousen
17:05 28 Dec 21
Signing up for insurance was quick and easy. Felicity Sundsboe
SFCC
SFCC
22:08 29 Nov 21
Jeff Stoltey and his team provide excellent customer service. Jeff has always provided my company SFCC with straightforward options. I went to a larger insurance company only to RUN BACK to Jeff at New City Insurance. I recommend them to anyone needing insurance without hesitation.
Kevin Luby
Kevin Luby
19:13 22 Oct 21
Quick, easy & informative. We were able to secure quality insurance for our small business on a tight deadline. Thanks for the help New City.
Theresa Ruybol
Theresa Ruybol
19:30 01 Jul 21
Eric was so great with us. He was very patient and kind as we are a newer smaller organization who is growing rapidly. With that said, we had made our inquiry, he had great rapid response and mostly had to wait on me. Any request that we made and/or questions we had, he was great answering and helping us understand. Then when we were ready for all documents and to move forward, Brendan helped with getting that together and the two of them worked their magic on New City's end to notify me of what was needed, assist me in that process and confirming that all was complete and approved for the coverage. I just want to say thank you all again so much, as insurance has always been confusing to me, and you all made that process go a lot smoother.Thank you
Andrea Ordendorff
Andrea Ordendorff
21:06 07 May 21
I've been working with both Clayton and Brendan for well over a year. As the purchase of our dental practice was delayed well over 14 months they both patiently supported me and continued to make themselves available. When we were officially ready to sign up they made the whole process seamless and super easy. This team is highly knowledgeable, professional, supportive, and efficient! I can't thank them enough for everything they've done.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
Mike McClay
Mike McClay
19:36 03 May 19
My employer uses New City as their insurance broker, and I'm always amazed when I call in for assistance by how knowledgeable and attentive their staff is with my requests. Their online benefits platform makes selecting insurance plans pretty darn easy. I would highly recommend their services.
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