Businesses that are ready to look into HR outsourcing have a lot to consider. There are a multitude of companies that can offer some of the services businesses may be searching for, but it takes more than that to meet the needs of a growing, modern organization. In fact, every PEO will have its own set of benefits and services, and it's up to individual businesses to find one that is the best fit - a task that may be difficult but worth the effort.
"Every PEO is a little different, as is every business considering using a PEO," Kerry Carruthers, the senior director of marketing and communications for the National Association of Professional Employer Organizations, told Business News Daily. "The key for a business is assessing what your needs and goals are, and then finding a PEO that can fulfill those needs and help you reach those goals."
Here are four things to look for when searching for PEO services.
The Employer Services Assurance Corporation accredits companies within the PEO industry. ESAC is the seal of approval you will want to look for, as the organization only bestows accreditation on those who demonstrate supreme reliability and compliance with all laws. Any PEO that invests the time and money to earn this gold standard is one of the best in the industry, and you can rest assured that your business is in good hands.
Multiple benefit options
While the current company conditions may only necessitate services such as payroll and tax administration, there's no telling what the future will bring. As a result, organizations should shop around for a PEO provider that has the ability to offer multiple services, including workers' compensation, liability insurance and a full array of human resource services. These HR services may not seem important now, but with a little bit of growth and changes in staff, they could become extremely valuable.
In today's world, there's no telling when you'll need to have instant access to HR information or immediate communication with a PEO provider. Bearing this in mind, it is important to find a company that offers flexible, innovative solutions for tracking benefits and compensation. Not only does this allow employees the freedom to monitor and update their own profiles, but it also makes record keeping, expansion and onboarding that much easier.
The business world is not a one-size-fits-all place. As Carruthers stated, every organization will have its own needs, but it is important to find PEO companies that will change and grow with the business. This often means zeroing in on a provider that will tailor its solutions to fit a company's exact needs. Businesses should seek a PEO that offers a customizable product and has a history of success when it comes to forming unique solutions, as this can make a big difference in the services and satisfaction brought about.