Key Indicators That You Need to Partner With a PEO

If you own a small or medium-sized business, chances are you’ve got your hands full. That said, the idea of entering into a co-employment arrangement with a PEO might sound like a complicated endeavor – just another thing to add to your already-full plate – but such a partnership can actually help take things off your plate.

At first, words like “outsourcing” and “co-employment” can be intimidating or off-putting, but the reality is that a PEO partnership has nothing to do with giving up control or migrating your operations thousands of miles away. It’s more like delegating certain aspects of your business to experts who can handle them far better than you ever could – unless of course, you have a background in human resources, but, judging by the fact that you’re reading this article, we’re assuming you probably don’t. Listed below are some key indicators that you need to stop trying to go it alone, and start looking for a PEO to partner with.

1. Your competitors are offering better benefits than you

If you’ve heard from current or former employees that the benefits packages your company offers just aren’t “cutting it,” you probably need to step up your game. But for small and medium-sized businesses, offering robust benefits can sometimes be challenging. By entering into a co-employment relationship with a PEO, your employees are lumped together with other employees that the PEO represents into a larger aggregate workforce, which gives them more bargaining power when negotiating benefits.

2. Your employees quit without much notice or explanation

In the workplace, communication is key. Employees want to feel heard, but sometimes bosses are tough to talk to. Employees who are not happy in their current position might want to explore other opportunities within the company as opposed to just flat out leaving, but if they don’t feel like they have someone to turn to with such questions, they often end up walking.

3. You’ve been penalized for compliance violations in the past

If you’ve paid the price for noncompliance in the past, you probably know how painful this can be. Aside from just the financial burden that such an oversight can pose, failure to comply with workplace regulations – especially those that concern employees directly – can lead to your company developing a bad reputation.

4. You’ve lost the employee who “handled HR stuff” for your business

It’s great when you have an employee who’s happy to take care of all your human resources paperwork and has a knack for getting to the bottom of complex issues. But when that person leaves the company, and you find yourself saddled with all the HR-related issues, you quickly realize that even though they made it look easy, this kind of work is anything but.

Get Started Today

To learn more about how a PEO partnership can help you keep your eyes on the prize rather than on a pile of paperwork, contact the experts at JanusHR. As a full-service PEO, we can provide your business with a custom-tailored HR solution that includes payroll processing, benefits administration, risk management, and more.