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7 tips for choosing the best PEO for your business

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7 Tips for Avoiding ‘PEO in a Box’ and Choosing the Best PEO For Your Business

26 Mar

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There are many Professional Employer Organizations (PEO) providers and many offer similar services and capabilities, but when it comes to your business’ HR needs, one size does not fit all. It’s important when you are outsourcing HR that you avoid getting put into a box and choose the PEO that’s right for you.

Before committing to a contract with a PEO  where you’re paying for things you don’t need, or solutions that don’t work for your business goals, consult these seven tips to help you make the best decision when selecting the best PEO for your needs.

How To Pick The Best PEO For Your Small Business

Not all businesses are created equal, and neither are all PEOs. For this reason, it can be difficult to determine which PEO is the best PEO for your business. There are several aspects you need to take into account when comparing providers. Here are some of the most important items you should consider. 

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1) What services do they offer?

This is the most obvious but identify exactly what your company’s needs are and then look for the PEO that offers those specific services. This will help you avoid paying for services you don’t need or will not utilize. This is also an opportunity to see if the PEO has customizable solutions that you can add or remove as your business grows and your needs change.   The best PEO companies typically offer full HR outsourcing, including payroll processingemployee benefits administrationworkers’ compensationcompliance and risk management, and staffing

2) Does the PEO have expertise in your industry?

Consider whether the PEO has experience working with companies in your industry. This can help to ensure they understand the unique needs and challenges your business experiences.

3) What Employee Benefits Does the PEO Offer?

One of the greatest advantages of partnering with a PEO is access to better health plans. PEOs can work with top-tier providers and offer the types of plans that are typically reserved for larger organizations. Ask the PEO you’re considering what benefits they offer in terms of healthcare, dental, disability, etc.

4) Do they have financial stability?

Ensure that the PEO is financially stable and has adequate insurance to protect your business in case of default or other financial issues.

5) Does the PEO utilize the latest technology and resources?

A PEO company that has invested in the latest technology and has adequate resources can actually provide better quality HR services to your business.

6) What are the contract terms?

This is probably the most important. You should carefully review the PEO’s contract terms, including pricing, service guarantees, and termination policies to ensure they align with your business needs and budget. You don’t want to end up stuck in a long-term contract with a PEO that isn’t meeting your expectations.

7) Do they provide good customer service?

Understanding how the PEO communicates and the responsiveness of customer service will help you determine how available they’ll be to answer questions and address any issues that arise. 

How can you contact the company? Do they only utilize virtual communication like email and online chat or do they have a toll-free number you can call in case of an emergency? Is there a dedicated team for your business with an account manager available to work directly with you as things come up and who learns your business inside and out, or will your account be handled by the next available representative?

It’s important to consider all these elements when deciding which PEO to outsource your human resources to. Remember, your business is unique and the only one like it, so why limit yourself to a one-size-fits-all PEO? Following these top seven tips will help you select the best PEO services for your business.

The Best PEO Companies Can Make All the Difference

Picking the best PEO company can make all the difference. Being able to offload some of your daily responsibilities onto the PEO of your choice will allow you to focus your time and efforts on improving your products and developing your brand. But many PEOs don’t offer customizable solutions to meet your specific business needs. VensureHR is different. We don’t believe that all businesses have the same goals and therefore our services are not meant to box you in with all the rest. We offer solutions to meet you where your business is now and grow with you toward your goals, understanding your needs may change along the way.

Contact Vensure HR today to learn more about our PEO services and to request a consultation.  

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