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Discover How PEO Services Can Help You Grow Your Company

PEO Services: A Guide to Grow Your Company

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Highlights

  • PEO services allow small and medium-sized businesses to outsource time-consuming HR tasks.
  • By partnering with a PEO, businesses can have more time to focus on strategic initiatives and negotiate competitive benefits for their employees.
  • EmPower HR supports small businesses by managing payroll, compliance, benefits administration, and more HR administrative tasks. Contact us to get started!

You are in business for a reason. You have big goals and a solid purpose. But somehow along the way, the endless administrative tasks have distracted you from the things that can move the needle and grow your company. PEO services can get you back on track by taking charge of time-consuming tasks like processing payroll or handling employee benefits.

Partnering with a Professional Employer Organization (PEO) can offer exciting benefits, especially if you are a small business with few employees and a tight budget.

Read on to find out the advantages of hiring PEO services and how they can set your business on the path to success.

Let’s jump right in!

What are PEO Services

As we mentioned, PEO stands for Professional Employer Organization. By hiring PEO services, companies can outsource some of their most time-consuming HR tasks to a strategic partner, allowing them to be more efficient and have more time to focus on HR activities that drive business growth.

“Companies that partner with a PEO develop 7 to 9% faster and are 50% less likely to fail.”

— McBassi and Associates

When you hire a PEO, both companies engage in a co-employment agreement, which means you share certain responsibilities.

The PEO takes on the role of the administrative employer, handling crucial aspects such as payroll, taxes, compliance, and managing employee benefits. This allows your business to concentrate on what truly matters — managing the core business, determining fair compensation levels, and overseeing the daily tasks and performance of your employees.

Differences Between PEO Services

Generally, most PEOs cover the following HR areas:

  • Payroll processing and taxes
  • Employee benefits administration
  • Risk management & compliance

However, some PEOs may offer additional services, like talent acquisition and recruiting to help you find top talent and bring them on board.

PEOs can also differentiate themselves by specializing in specific industries or operating in certain geographic areas.

EmPower HR serves over 400 small businesses in diverse sectors like non-profit, hospitality, technology, professional services, and more.

Finally, some PEOs are designed to suit the needs of global enterprises and can serve as Employers of Record (EOR). These PEOs take on the responsibilities of a local employer, ensuring that businesses can hire employees across borders in a compliant manner.

What PEO Services Don’t Include

It’s important to debunk the myth that PEOs are meant to replace your internal HR team. On the contrary, PEOs work alongside your team, offering support and sharing their expertise to navigate through challenging HR situations.

But just to clear up some doubts, these are the things that PEO services don’t include:

  • Managing employees’ day-to-day activities. The role of PEOs is to support you in HR management. But tasks such as employee supervision, task assignment, and performance evaluations are still your responsibility.
  • Designing training programs and opportunities for development. Although PEOs may offer some training resources, they do not assume the responsibility of creating and executing extensive employee training or development initiatives for your employees.
  • Creating an onboarding program for new hires. While PEOs handle all things compliance and can help you out with the necessary paperwork, the rest of the onboarding process depends on you. Onboarding is so much more than administrative tasks, so keep it in mind to provide a stellar experience for your new employees.
Learn How PEO Services Can Make Your Small Business More Efficient

PEO Services Benefits

Does your HR team feel trapped in a never-ending loop of administrative tasks, such as payroll, compliance, and benefits? It’s time to set them free! Joining forces with a PEO can bring numerous benefits to your small business:

1. Say Goodbye to Administrative HR Tasks

PEOs take the tiresome aspects of HR off your plate, from processing payroll and calculating taxes to negotiating competitive employee benefits.

Instead, your small HR team will now have more time to focus on nurturing an inclusive workplace and coming up with initiatives to keep your employees happy and motivated.

2. Reduce Payroll Errors and Ensure Compliance

Payroll is a sensitive topic that your business needs to get right. If not, you risk dealing with frustrated employees, financial losses, and unfair compensation claims.

By leveraging the specialized knowledge and advanced software of a PEO, you can minimize errors in payroll processing and guarantee that all your employees receive their payments accurately and on time.

3. Gain Access to Competitive Benefits Packages at an Affordable Price

Fortune 500-level benefits seem beyond the reach of small businesses, right? Well, it doesn’t have to be that way.

Offering competitive benefits has a decisive impact on your employee brand and can be a strategic way of keeping top talent by your side.

By partnering with a Professional Employer Organization, businesses can tap into a vast network of clients and gain access to competitive employee benefits that otherwise would be impossible to assume.

These benefits include not only health insurance but also retirement plans and various other perks.

4. Delegate Compliance to an Expert Team

Keeping up with constantly evolving employment laws and regulations across federal, state, and local levels can be quite daunting. That’s where PEO services come in.

PEOs specialize in HR compliance and can provide invaluable assistance to your business. By helping you understand and meet legal requirements, they minimize the risk of penalties and lawsuits, keeping your business (and your employees) on the safe side.

Partner with EmPower HR for PEO Services and Get to the Reason You’re in Business

There is only a limited number of hours a day to work on your business — and your HR administrative tasks shouldn’t take them all!

At EmPower HR we help companies grow by allowing them to focus on the things they can do best while handling complex HR tasks for them.

Benefits of EmPower HR’s PEO Services

Why choose EmPower HR as your partner for PEO services? Here are three reasons you should consider:

  • We go beyond customer service — we genuinely care about your business success and are always available to answer your questions or help you solve any HR challenge you may have.
  • We specialize in small businesses and offer customized solutions based on your specific needs.
  • On top of all the PEO services, we also provide HR consulting services to support your strategic HR planning and help you grow your business!

PEO Services Final Ideas

PEO services can alleviate the burden of administrative HR tasks, like payroll processing, compliance requests, and managing employee benefits. By allowing an external provider to handle these time-consuming HR activities, your team can have more time to spend on revenue-generating strategies and keeping a thriving workplace.

At EmPower HR we offer PEO services for small businesses across a variety of industries, giving you access to customized solutions based on your business HR needs.

Contact us to learn how we can help your business grow, by taking care of your administrative workload!


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