By now, I’m sure you’ve heard the value Professional Employer Organizations (PEOs) have to offer. As a matter of fact, the National Association of Professional Employer Organizations (NAPEO) reports that businesses that use a PEO grow twice as fast, experience lower employee turnover, and are more resilient.
The fact is, running a business is a balancing act. Between growing your business, managing operations, driving sales, and taking care of your team, it is easy to quickly become overwhelmed. That is where partnering with a PEO can become such a powerful tool for your business to take advantage of.
A PEO will work with your business to help you navigate the complex HR and payroll tasks needed for a successful business. Here are five services a PEO can provide your business with:
Payroll Administration
One of the riskiest and most time-consuming aspects of running a business lies in the management of your business’s payroll. The process is tedious, complex, and (far too often) error-prone. A PEO will be able to provide your business with their expertise, ensuring your employees are paid accurately and on time. They can handle tasks like:
- Direct deposits
- Time and labor management
- Tax withholdings
- Tax filings
- Wage garnishments
- Year-end tax forms, otherwise referred to as W-2s
By outsourcing payroll to a PEO, businesses reduce compliance risks and free up time to focus on growth.
SWBC PEO provides expert payroll services that fit your business’s needs.
Compliance and Risk Management
Staying compliant with employment laws and industry regulations is a crucial part of running a business. Unfortunately, though, it is also a complicated and time-consuming venture to take on. A PEO can be an excellent tool for navigating these risky waters, offering compliance and risk management-related services like:
- Federal, state, and local employment law compliance
- The creation and distribution of employee handbooks and workplace policies
- Employee classification and documentation
- Workplace safety programs
SWBC PEO takes care of your business and its valued employees with thorough and comprehensive Risk Management and Workers’ Compensation offerings!
Employee Benefits Administration
Top-tier talent is going to be found and maintained with competitive benefits. PEOs can provide smaller businesses with access to high-quality, affordable benefits that are usually reserved for larger corporations like:
- Health, dental, and vision coverage
- Retirement plans
- Life and disability insurance
- Flexible spending accounts
A PEO handles all the legwork to get your employees these benefits — from getting them enrolled to customizing retirement plans for them and your business. Ultimately, a PEO can be key to getting competitive benefits for your employees regardless of the size of your company!
SWBC PEO can help you get your employees the benefits they deserve. Learn more about our employee benefits administration here!
Talent Management
A business with strong talent is a business that is going to grow with resilience and strength. PEOs can offer a wide variety of talent management services that help your business through the hiring process, including offerings like:
- Job posting
- Candidate screening
- Background checks
- Drug tests
- Handling the onboarding process
- New hire reporting and documentation
SWBC PEO offers our clients a highly configurable Applicant Tracking System (ATS) alongside these services.
The talent management offered by PEOs can help significantly reduce the time it takes to onboard a new hire while ensuring a smooth experience and a great first impression of your business.
HR Technology Needs
Managing an entire workforce can be quite the task to take on. Incorporating technology into that management can streamline your business’s HR processes. SWBC PEO can provide your business with integrated technology that fits your branding and provides quick access to your dedicated support team — without system start-up and training fees.
Grow with Our PEO!
The simple fact is this — running a business is hard work. A PEO can help you dedicate more energy to your business’s growth and success by taking the complex tasks related to HR, benefits, and payroll off your plate. SWBC PEO is dedicated to our client’s success and has been providing solutions to inspire top employee performance for decades.
Are you ready to partner with a PEO you can grow with? Contact us today so we can schedule a consultation to get you started!
