Running a business is anything but easy. Between HR compliance, towering paperwork, and every other necessary task, business operations can quickly become overwhelming.
Luckily, you have options.
You can outsource these dreaded tasks to a PEO (professional employer organization) — something in which many small to mid-sized businesses have already done. Research shows that PEOs offer their services to 173,000 small and mid-sized businesses. Although approximately 487 PEOs exist in the United States, it’s important to remember that not all are equal in terms of the services and support they provide. You must work with the right PEO based on your needs.
Take the PEO test to see how America’s Back Office can help you.
With the support of a certified PEO, you will gain support with the following six things.
1. HR Compliance
HR is its own beast with many layers to consider. HR trends change and new laws are introduced year after year. This means you need to stay up-to-date with every aspect of HR. Even small errors can significantly increase your risk of devastating consequences. Whether you need help handling employee reporting, new hire paperwork, tax forms, or unemployment forms, PEOs offer the support you need.
Learn more about our turn-key HR solutions.
2. Payroll
Again, payroll is a complex area of business, and if you aren’t aware of the changes made to taxes and regulation, you could be held liable. From taxes to employee classification, there is a lot to consider. For example, misclassification or discrepancies in overtime pay could lead to serious labor law issues and lawsuits. PEOs simplify this process so that you can focus on what matters most — your growing business. Regardless of your business structure, PEOs will ensure that payroll is managed effectively. When you partner with a credible PEO, your employees will be paid correctly and on time. They will even handle all vendor and contractor payments.
Recommended reading: 5 Labor Laws Compliance Requirements Small Businesses Should Know About
3. Benefits
Operating a business with employees means that you have a certain responsibility concerning employee benefits. While not all benefits are mandatory, certain benefits will increase your chances of long-term success. A great benefits package will attract and motivate employees, leading to a more committed and productive team. From medical insurance to disability insurance, understanding benefit basics is essential to the growth of your company. Working with a reputable PEO means you will remain compliant and benefit from reduced costs regarding medical, dental, and vision coverage.
4. Onboarding
The importance of good onboarding is often overlooked, which is why you need to make the right impression — and take all the right steps. Research shows that 69% of employees are more likely to stay with a company if they experienced great onboarding and organizations with a standard onboarding process experience 50% greater new-hire productivity. PEOs offer onboarding support, offering electronic onboarding systems that help you streamline the hiring process, and eliminate piling paperwork.
5. Safety and Risk Management
You know what they say, “An ounce of prevention is worth a pound of cure” — and when it comes to your growing company, nothing could be closer to the truth. Taking a proactive approach to workplace safety programs and unemployment management claims can help you ensure happier, healthier employees and greater ongoing success. PEOs will help you stay OSHA compliant, help you achieve optimal workers’ compensation and risk management, help you address any issues surrounding unemployment, and much more.
6. Employee Performance Management
Employee performance management is an ongoing process that helps your employees set individual goals that align with what you strive to achieve as an organization. This is a powerful approach when aiming to engage employees and drive future performance. PEO experts will help you leverage state-of-the-art technology to better manage a skills inventory, set and manage agile goals, achieve greater alignment across your organization, and more.
How American’s Back Office Can Help
With American’s Back Office, you will enjoy greater peace of mind and enhanced productivity. We handle all aspects of employee administration, reducing liability and labor costs. Offering highly trained professionals, America’s Back Office will take the burden of HR and related administrative tasks off your hands so that you have more time and energy to grow your business.
Just some of the core features we offer include:
- Customized Employee Handbook
- Workers’ Compensation Policy and Claims Administration
- Health Benefits Policy and Claims Administration
- 401k Audits and Administration
- Employee & Employer Level HR Support
When you’re looking for a PEO you can trust, focusing on greater compliance and a healthier bottom line, America’s Back Office does it better, more accurately, and at a lower cost than if you were to internalize these functions.
