What is a Professional Employer Organization?
As a business owner, you’ve already got a lot on your plate. Taking care of everyday personnel and compliance matters may hinder your ability to focus on your company’s mission. If you need a helping hand in managing your company’s human resource concerns, then outsourcing a professional employer organization (PEO) may be your answer. There are many advantages of hiring a PEO for your company, which you can read more to learn about what a PEO can do for you.
What is a PEO?
A PEO is an outsourcing company hired to manage the human resource needs of your business. The organization acts as your own personal human resources department. PEOs provide services such as payroll and timecard management, tax support and assistance with state and federal compliance regulations. The organization can also offer structured benefit packages to your employees and handle the insurance for a worker’s compensation claim.
Should Your Business Use a PEO?
Regardless if you have five people on staff or more, PEOs can help any business of any size. PEOs are especially beneficial for small business owners who may not have the funds to hire a full-time human resources staff. By using a PEO, small business owners can offer their employees a variety of better benefits such as a retirement plan and health and life insurance. PEOs are also cost effective since they eliminate the need to hire additional staff. PEOs also have access to reduced rates, allowing you to offer employees better benefits at a lower cost.
Factors to Consider When Hiring a PEO
Not all PEOs are created equal. While some may handle payroll functions, others may only administer compliance with state and federal workplace legislation. It’s important to do your research on any PEO and the services they offer. You want to hire a PEO that meets your state’s licensing requirements and has a secure financial history with a highly trained staff of human resources specialists. You will also want to ensure the services the PEO offers meet the needs of your company and employees.
At Coastal Human Resources Group, we have a long withstanding and trusted history of managing all aspects of human resources. It’s time to step back and let someone else take care of your company’s personnel matters. Coastal Human Resources Group has several years of experience handling the human resource needs for many top businesses in the region. Trust your company with the professionals and experienced staff at Coastal Human Resources.
Coastal Human Resource Group, Inc. is a Human Resource Outsourcer (HRO). We serve as a full-service human resources department for small and medium-sized businesses which provide compliance screening as well as background checks. Visit www.Coastal-HR.com or give us a call at 251-478-7444. We’re here to help ensure that all your human resources needs are met.