We are excited for the release of our e-book, “Get More Done with a PEO,” which you can download here: www.fullstackpeo.com/ebook. In conjunction with the release, we are going to be highlighting particular focus areas each week in June & July. It all starts with these two questions:
What’s holding your business back from growth? Are you spending time on the right things for growth - or the administrative tasks of your company’s HR and operations?
If this sounds familiar, you know you need to make a change. It’s time to turn to a trusted adviser to remove the burden of transactional HR and free your time to focus on revenue.
As the tech scene is exploding in Indiana, companies need to find a way to attract and retain talent. What does the workforce want when it comes to choosing where to work and why to stay there? They want a strong company culture, opportunities for growth and development, and traditional benefits.
Here at FullStack, we want small business owners to know their options and understand just how a PEO can help their business grow. We believe that when companies can outsource their administrative HR needs to a PEO, that company is able to focus more on bringing their ideas to market and generating revenue.
What is a PEO?
A PEO is an HR outsourcing firm that enters into an agreement with a company to share responsibility and liability for its employees in the areas of Compliance, Employee Relationship Payroll and Benefits Administration, Workers’ Compensation, and Risk Management. The arrangement allows small companies to be able to offer highly sought-after benefits, such as 401(k) and health care benefits, to employees at costs much lower than if the company were to obtain them independently.
The demand for tech talent is continuing to flourish in Indiana and the Midwest. Companies that offer benefits make themselves more attractive to current and prospective employees. Working with a PEO can help you affordably offer these lucrative benefits that otherwise may have been cost-prohibitive for your company.
What do I delegate to a PEO?
At a minimum, the PEO will monitor and administer payroll, benefits, workers compensation, 401(k), compliance regarding taxes, employment law and other HR matters, as well as drug testing and background checks.
You decide who to hire and what benefits to offer. The PEO then handles the onboarding process or working with benefits providers. This process frees up the much-needed time for company leaders to focus on growing the business.
Do you want to spend more time focusing on bringing ideas to market instead of HR or administrative tasks? Do you want your company to grow?
If this sounds like you, then a PEO might be the right option for your company. You can find more information about what PEO is and how it can help improve your business, in our eBook, “Get More Done with a PEO.”