Entrepreneurs wear many hats. If you are a business owner that has been doing everything in-house, your business may not be living up to its full potential. It might be time to call in an expert. Working with a Professional Employer Organization can help you get your business organized and free up your capacity to broaden your reach to new customers. Here are five ways a PEO can help your business get organized.
It's a wonderful feeling when you have the capacity to hire a new employee for your business. But, the recruiting process is a highly involved and time intensive process. Working with PEO services can help you streamline your recruiting processes, cut down on unnecessary paperwork, and hire the right person for the job each and every time a new position opens at your company. The best PEOs help with identifying and screening applicants, the interview process, and ensuring that you are paying your new employees fair wages. Professional Employer Organizations make the recruiting process simple, saving you time and headaches!
Did you know that there are several hundred labor laws that companies need to abide by? If you're running a business, you want to make sure you protect your company from potential legal threats. By partnering with a PEO, you can work with professionals with a deep understanding of employment law. Knowing that your company is legally compliant will give you much needed peace of mind. And following complex employment law to the letter will help protect your business going forward.
One of the most time consuming parts of the recruitment and hiring process is conducting a thorough background check on potential hires. PEOs take the guesswork out of background checking by providing services such as criminal record and warrant checks, education verification, employment verification, driving record checks, and verification of professional licensure. Background checks can be a time consuming administrative nightmare. Outsourcing this process can help save you time and money in the long run.
Online Payroll Entry
Are you struggling with a complex and frustrating payroll system? Working with a PEO can help streamline your payroll process by making it easier to keep and track employee records, track year-to-date payment information, add new hire information, check on employee benefits, and enter hourly information into a simple system. Bringing your payroll system online with a PEO will help ensure that all your employees' records are secure, and allow you to accurately track payroll information over time.
Whether you are just starting your business or are running an established company, the benefits administration process can be difficult to navigate on your own. Professional Employer Organizations allow you to work directly with a benefits administrator to create a customer benefits plan that meets the needs of your employees. Whether you are seeking a full benefits package including everything from health to dental coverage, or something more customized, PEO can help you get started and simplify the benefits enrollment process.
If you're feeling overloaded by administrative tasks related to your business, consider reaching out to a Professional Employer Organization today to help free up some capacity. By eliminating some of the most time consuming administrative tasks, you'll have time to focus on what's most important to your business: your customers.
Source:Liz Alton - Published on ExploreB2B.com