Louisiana business owners have a lot of choices to make in the coming year, especially when it comes to how they manage their human resources functions. New service offerings from Professional Employer Organizations, or PEO’s, are making it easier than ever to reduce costs and streamline operations by outsourcing core HR functions like payroll processing and benefits administration for employees.
The right PEO for your company in Louisiana is out there somewhere, but finding it can be tricky. To help companies that are searching for the ideal PEO to partner with, we’re offering this brief guide to PEO companies located in the great state of Louisiana.
To learn more about the best PEO company for your Louisiana business, you’ll want to keep reading below:
High-Level Overview of Louisiana PEO Companies:
Louisiana businesses benefit from PEOs in a myriad of ways, but a few features are most important. A quality PEO service provider will let your company be able to manage standard HR needs for employees from onboarding to offboarding. Other major benefits and services provided generally include benefits acquisition and administration, payroll management, managing workers comp on a cash flow basis, performing quarterly tax filings, and risk-mitigation.
Most PEOs will also help your business with recruiting new talent, expense reporting, training, and more. Since the PEO will be pooling your employees with others when negotiating benefits for your business you can expect better rates on health insurance and workers comp coverage.
Factors for Evaluation of a Louisiana PEO Service:
There’s a lot to consider when evaluating a Louisiana PEO service. Despite this, every major factor is important, and we’ve done the research to make sure you get the information you need. We considered each of the following features and services when reviewing 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 many PEOs in Louisiana, so it’s important to know what might set each apart.
We want to make sure that regardless of your final choice that you will work with a full HR solution. As such, you should consider available any standard service or benefit that is not mentioned in the recommendations above.
Benefits Of Using a PEO In Louisiana
Insurance Cost Savings – Businesses can reduce costs (mostly health insurance costs) by using a PEO. PEOs can much more easily negotiate lower rates for their clients due to their greater bargaining power.
Less Paperwork – Paperwork is something you can do without. A PEO will make every effort to reduce the HR and payroll paperwork for you and your business.
Compliance and Legal – A PEO can manage all compliance and legal issues regarding your employees and deal with local regulations at the same time. The PEOs professional staff and systems will take care of anything that would give you problems.
FAQ About PEO Companies in Louisiana:
What is a PEO? – A PEO (Professional Employer Organization) allows a business to outsource its employee management, have other HR tasks handled for them, and gives personnel management support when needed. 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.
What Are the Benefits of Using a PEO? – The main perks of using PEOs are lower HR costs and the use of their time-saving platforms, tools, and services. They also can manage HR compliance and risk-aversion policy for your company. They usually allow your business to provide better benefits to employees.
How Much Does it Cost To Use A PEO in Louisiana? – It usually costs between $1,000 – $2,000 per year per employee to use a PEO. The more employees you have, the better rate you will get.
How Does a PEO charge? – PEO’s generally charge a percentage of overall payroll or a straight admin fee per employee. PEOs that charge the straight admin fee are preferable, as those fees are much easier to understand.
Does it Cost Money to Switch to a PEO? – There is usually a fee when setting things up. This ranges from $1000 to $15,000, depending on your business.
How Long Does it Take to Get Started Once I Choose a PEO? – The time it takes to start up your services can range from three to six weeks, depending on which PEO you work with. You can expect an average time of four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Some PEO’s will offer this option. Others will avoid it.
As the Founder, Should I Pay Myself Using a PEO? – This will depend on your company, but more likely than not you should be using the PEO service to handle your own payroll.
Is There Anything Special to Consider When Looking at Lousiana PEOs? – You are going to want to work with a PEO that knows how the state operates and the general businesses environment, especially if you live near the coast. You might also want to work with a PEO that knows how to do recruitment and communicate with employees in Louisiana, depending on your business’ needs.
What is the Best PEO in Louisiana? – There’s no easy answer to that question, as different PEOs are best for different businesses. Check out our state-based PEO guide here.
Even with the massive amount of information that is out there related to PEO’s in Louisiana, it can be hard to distill it all down to just the facts you want about the PEO’s that are available to you. To help with this, we’re offering a free, customized report of the five best PEO’s that suit your unique business type, size, and location. Want to get started now? Just complete the form on this page.