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7 Tips for Working With a PEO Service Provider
As a business owner, there are many responsibilities that you have with your employees, clients and to yourself. It can be challenging to navigate the business seas on your own, and this is likely why you chose to look for PEO companies for help. Many business owners small and large find it helpful to work with an outside source for their HR needs.
What is a PEO? A PEO is a personal employer organization that helps businesses with human resource needs from hiring to payroll to take the burdensome or all work from in-house HR. If you do not want to do any of your HR in-house, that is an option or if you want to self-service, but have access to the answers you need, that is also an option. Let’s go on to look into seven tips for working with a PEO service provider.
#1 – Define Your Needs First
Before you to speak with anyone at a PEO, you need to know what your pain points are. Where do you need the most help? What are areas that you have to have help in right away and what are areas that are simply on your wishlist? Knowing what your needs are before you look through PEOs will allow you to stay on track and quickly eliminate any companies that are not able to give you what you need.
Considering writing everything down or even putting it into a PowerPoint in case someone on your team wants to collaborate with you and needs to understand your vision fully.
#2 – Interview Multiple PEOs
Never go with the first option that crosses your desk because you have a need. A relationship with a PEO is a serious business relationship that results in co-employment, and you need to ensure that you are going to be a good fit. Don’t be afraid to ask the hard questions to find out about how they operate and what their fee structure is.
Most PEOs charge a percentage of your employee’s payroll which is good if you have a lot of hourly employees. If you have a lot of salaried employees or employees that get commissions, you might want to ask them about flat rate possibilities.
Ask the PEO what the average length of relationship they have with clients is. You want to make sure they enjoy long-term relationships, so you aren’t stuck going through this process again anytime soon.
#3 – Make Sure the PEO Has Accreditation & Certification
While accreditation and certification are optional for PEOs, this is a quick way to narrow down which one is going to be the best fit for you when you are searching throug… Read More
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