In a co-employment models, PEOs work as a great solution to manage HR and payroll activities for small and medium businesses. Equipped with the best PEO for your business, you’re poised for taking on the big challenges in the marketplace while streamlining the operations. In this brief guide, we focus on those important factors to determine the ideal PEOs for your business.
Knowing the popular PEOs is quite helpful, but it isn’t a starting point. We recommend you put the research glasses on for finding the best PEO for your business, especially with the features and services you’d be looking forward to get handled immediately.
- Accredited PEOs for a start
National or regional players – PEOs with an accreditation shall attract your attention. Check for NAPEO or National Association of Professional Employer Organizations to explore by state. PEOs with excellent records too feature in the top highlights of regional section.
- Financial health & growth
Most businesses thrive with the PEOs and for that matter – PEOs must have good financial records and stable growth. They should be able to provide IRS certification and accreditation by ESAC. Learning about their financial health is a good point to start with.
- Contract structure and cancellation policy
How do you get to know the duration of the contract? What’s the time they can lead you into something successful over a period? As a business, you may need a contract to manage the HR and Admin responsibilities yet, on the other side, a proper cancellation policy will help you leave the PEO easily.
- Legal and other aspects
Workers compensation package, HR and Payroll management, legal, PR and other aspects are effectively handled by PEOs. One of the best PEOs in Houston ensures their clients access to the top-notch services to cover all the bases.
- Cost structure
Businesses like yours should check on the cost structure of per employee or total payroll basis. This helps you deduce the cost factor to fit your business needs.
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