As organizations grow, the responsibilities and duties of their HR departments grow as well. The inability to accurately perform these responsibilities can lead to an increase in employee turnover, a drastic decrease in the ability to hire top talent and leaves organizations vulnerable to legal risks and liabilities. PEOs are responsible for orchestrating and performing all HR duties and responsibilities, so organizations can focus on running and growing their business.
How PEOs Work
A Professional Employer Organization (PEO) can help your small business centralize your standard core business services and minimize your focus on standard day-to-day admin by sharing some of those responsibilities via a co-employment relationship… so you can get back to growing your business.
A PEO is able to streamline HR processes and duties such as 401k & retirement packages and administration, payroll integration, employee benefits compliance and more.
Benefits Of Working With A PEO
Stop dedicating critical man-hours to admin tasks like onboarding employees, running payroll, recruitment and workers’ comp. A PEO allows your executive team to focus on expanding your team’s talent, without wasting time on administrative hassles.
Access To Better Employee Benefits
A PEO often also has a large group health plan, thanks to their relationship with many employers, allowing smaller, growth-minded businesses the chance to reap the benefits of a lower-cost health plan.
With the vast amount of knowledge and experience in the HR industry, PEOs are able to mitigate risks and liabilities associated with wrongful employment, workers compensation and HR compliance regulations. Since PEOs handle the management and administration of HR functions, organizations who hire a PEO can rest easy knowing they will remain compliant with both state and federal regulations.
Employee Benefits & Retirement Plan Management
As companies begin to grow, their need to acquire top talent becomes increasingly important. One of the most important facets prospective employees consider when determining their next employer often revolves around the companies employee benefits and retirement plan offerings. An experienced PEO is able to not only streamline retirement plan administration and management, but can also find and offer organizations better employee benefit packages.
How New City Can Help
New City works with all the major PEOs. Our experienced staff provides recommendations for the best organizations that suit your needs. As not all businesses qualify for a PEO, we conduct thorough market research to ensure all your options have been made available.
- Shift your focus to what matters
- Outsource admin tasks
- Stop wasting time + effort
- Access lower-cost health plans
Re-shift Your Focus Today
Get back to the things that really matter, and let a PEO take care of the rest. Our expert team will show you exactly how it can work for your business. For more information, please give us a call at 888.210.2759 or request a consultation online.