Running your Georgia company day to day can give you incredible amounts of stress if you don’t manage your resources correctly. One of those resources that needs to be taken care of is the employment of your staff.
Taking care of the payroll, benefits and all the other various staff responsibilities need to be done correctly. If your staff aren’t taken care of, your company will fail. The good news is, you can hire people to take care of the people that you hire by utilizing a PEO. You just need to pick out the best one.
You can find out more information about PEOs and Georgia PEOs in particular by reading the below information:
High-Level Overview of Georgia PEO Services:
Georgia businesses can benefit from PEOs in many different ways, although there are a few common threads. Any standard HR need for nearly every employee will be taken care of, from high-level to entry-level. Main services provided include benefits procurement and administration, management of payroll, quarterly tax filings, managing workers comp on a cash flow basis, compliance oversight, and risk mitigation.
Most Georgia PEOs can also help your business with recruiting new team members, reporting expenses, training employees in safety procedures (and more), among additional services. Also, by working with a PEO service provider, you will be able to command better health insurance and workers comp insurance rates, saving your business money and making your HR department a much easier thing to manage considering the assistance they get (if you will even have one).
Factors for Evaluation of a Georgia PEO Companies:
When looking at PEO providers in the state of Georgia, there are many facets to consider. Each facet of a provider is important to look at, and therefore we methodically approached our reviews of PEO service providers, specifically in the state of Georgia. We’ve reviewed the following items and services when researching each PEO:
- – Tax processing
- – Payroll processing
- – Health insurance options and support
- – HR regulation compliance assistance or management
- – HR management and consulting support
- – Recruiting and onboarding support
- – Safety compliance and risk management
- – Time, attendance, and productivity tracking tools
- – Customer service and feedback
- – Additional features and specializations
There are more PEO service providers than most people can remember, making it vital to know what things to look out for.
Yet regardless of which PEO you end up choosing, we want to make sure that your business works with a full solution. Therefore, if an otherwise standard service or benefit is not mentioned in the recommendations above, please consider it as available.
Benefits Of Using a PEO In Georgia
Insurance Cost Savings – PEOs are usually hired to save companies money, and most of the savings come from reduced health insurance costs. PEOs can leverage a large pool of clients to get cheaper rates for your business.
Less Paperwork – You should do less paperwork and relax more. A PEO will keep the paperwork for you and your business at a minimum.
Compliance and Legal – A PEO will manage all employee-related (and some non-employee-related) compliance and legal issues. The PEOs systems will easily and effectively handle all related problems and assist you in nearly any emergency. You can also expect support regarding local and state regulations.
FAQ About PEO Companies in Georgia:
What is a PEO? – A PEO (Professional Employer Organization) allows a business to outsource its employee management, have additional HR tasks handled for them, and gives personnel management support when needed (for the most part). They will manage your payroll, tax forms and payments, insurance (health care benefits and workers compensation) and other benefits such as retirement plans, life insurance, long-term disability insurance, vision insurance, dental insurance, employee wellness programs, and on-boarding new employees, and they will do so with expert care.
What Are the Benefits of Using a PEO? – The main benefits of using PEOs are reduced HR costs and the use of their time-saving systems, platforms, and services. Additionally, they manage HR compliance and risk-aversion so you don’t have to. They generally allow your business to provide more value to employees (both current and future), making it a more attractive employer for employees to stick with.
How Much Does it Cost To Use A PEO in Georgia? – It usually costs between $1,000 – $2,000 per year per employee to use a PEO. Businesses with more employees will get a better deal.
How Does a PEO charge? – PEO’s generally charge a percentage of overall payroll or a straight admin fee per employee. We prefer PEOs that charge an admin fee, as those fees are more transparent. We find that PEOs that charge a percentage of payroll have hidden fees and other issues when you review and go to pay bills.
Does it Cost Money to Switch to a PEO? – There is usually a startup fee which ranges from $1000 to $15,000, depending on the size and structure of the business.
How Long Does it Take to Get Started Once I Choose a PEO? – Startup time can range from three to six weeks, depending on the PEO service provider. The average time to set up is about four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Some PEO’s will offer this option and others will not touch it.
As the Founder, Should I Pay Myself Using a PEO? – While this can vary depending on your company and its organizational makeup, you should more often than not be using the PEO service to do your own payroll.
Should I Know Anything About Georgia PEOs When Searching for One? – Depending on your industry you might want to work with a PEO that knows how to handle agriculture regulations or businesses that often operate in more rural areas. Despite the fact that Georgia has a much larger economy than many would assume, try to make sure that your PEO knows local laws as well. You may want to select a more flexible PEO
What is the Best PEO in Georgia? – Georgia businesses have unique and varying needs not only making the best PEO in the state perhaps different from the rest of the nation, but the best PEO might vary from business to business. Check out our state-based PEO guide here.
If you need a PEO service in Georgia, there are numerous options. The information above is just the tip of a much larger iceberg. Choosing a PEO can be quite overwhelming as they take care of the lifeblood of your business. Depending on your company and your needs, we will tell you what PEO company is best suited for you.