Right now, throughout the state of Missouri, companies of all sizes are taking advantage of the cost savings and efficiency improvements that come with partnering with a Professional Employer Organization, or PEO. PEO’s provide outsourced payroll processing, benefits administration, and even added services like worker’s compensation claim management and hiring.
However, not all PEO’s are created equal. Virtually every PEO has a collection of traits that make it unique, and because of this, determining the right fit for your organization can be a difficult and frustrating task. By using this guide of top PEO’s in Missouri, you can get a jump on your search and get closer to determining which PEO is suitable for your business.
COMPARE 10 BEST PEO COMPANIES IN 2022There Are 957 PEO Companies In The USA. Find Out Which Is The Best Match For Your Needs.
You can learn more about Missouri PEO services by reading below:
High-Level Overview of Missouri PEO Services:
Missouri businesses can benefit from PEOs in many different ways, although you will want to look at a few primary features. A good PEO service provider will be able to manage standard HR needs starting with onboarding all the way to offboarding. Other major services provided include benefits procurement and administration, payroll management, managing workers comp on a cash flow basis, quarterly tax filings, and risk mitigation and compliance.
PEOs can also help your business with expense reporting, recruitment, employee training, and other services as they might be needed. Your business will also be able to get better benefits and benefit rates for your employees by using one, as PEOs use their total clientele as leverage when negotiating.
Factors for Evaluation of a Missouri PEO Service:
Missouri PEO services give you plenty to consider, but that shouldn’t stop you from looking at everything, and it certainly didn’t stop us. 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
Missouri has plenty of PEO service providers to pick from, so it’s extra important to know what stats to look at.
We also want to make sure you are getting a full solution no matter what direction you’re facing, so you should consider available any standard service or benefit that is not mentioned in the recommendations above.
Benefits Of Using a PEO In Missouri
Insurance Cost Savings – Your Missouri business will be able to save moeny on health insurance by using a PEO. PEOs can far more easily negotiate benefit rates with providers due to their large size and experience in the industry.
Less Paperwork – Missouri business owners don’t need any more paperwork, and a PEO will help you avoid that paperwork.
Compliance and Legal – A PEO can manage all compliance and legal issues regarding your employees, and also work with potentially confusing Missouri regulations. The PEOs professional staff and systems will take care of anything that would give an owner difficulty.
FAQ About PEO Companies in Missouri:
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? – You will get reduced HR costs and access to helpful tools and services to save time running your business. You can also expect HR compliance and risk-aversion support, as well as better benefits offerings for employees.
How Much Does it Cost To Use A PEO in Missouri? – You can expect a rate of about $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? – PEOs will charge either an admin fee per employee or a percentage of your total payroll. We prefer the much more transparent per employee fees, as they are nearly always clearer and easier to handle.
Does it Cost Money to Switch to a PEO? – There is usually a $1000- $15,000 startup fee which will vary based on your business.
How Long Does it Take to Get Started Once I Choose a PEO? – The time it takes can be from three to six weeks, and you can expect an average of four weeks. It generally varies based on the service provider.
Can I Get Health Insurance for Myself and My Family as the Founder? – Some PEO’s will offer this option. Others will not mention any such thing.
As the Founder, Should I Pay Myself Using a PEO? – This will vary based on your company, but you will likely want to handle your own payroll using the PEO.
Is There Anything Special to Consider When Looking at Missouri PEOs? – You will want to make sure to find a PEO that isn’t just writing Missouri off as a low-opportunity state, and not giving your business the resources it deserves. If you are in a major city such as Kansas City or St. Louis, you will want to make sure that you are able to get support for those local laws as well. Otherwise, you will simply want to make sure that your industry in particular is supported by the PEOs you’re looking at.
What is the Best PEO in Missouri? – Missouri PEOs will vary heavily and so will businesses, so there’s no exact answer to this question. Check out our state-based PEO guide here.
There are so many features and benefits of Missouri PEOs that it can be difficult making sense of all of it. Don’t worry though, because we’re here to help with the provision of our free, five-PEO comparison report.