However you define success, starting and running a successful business in Montana hinges on the smart use of resources. These resources can be money, time, or manpower, and if there’s a way to save on any of them, it’s worth looking into. To accomplish this, many small- and medium-sized businesses in Montana have discovered the benefits of working with a Professional Employer Organization to reduce the burden of core HR functions like payroll processing, hiring, and more.
Because PEO services are so integral to a business, it’s very important that the right PEO be selected according to the individual needs of any one company. This is easier said than done, as most PEO’s have industry specializations and areas of operation that are unique to them. So, to help locate the best PEO for your Montana business, we’re offering up this quick guide to popular PEO’s currently operating in the state of Montana.
To know more about Montana PEOs, keep on reading:
High-Level Overview of Montana PEO Services:
You as a Montana business owner should look out for a few key factors. You should expect to have your HR needs taken care of for all employees, and you should also expect services relating to benefits procurement and administration, payroll management, managing workers comp on a cash flow basis, tax filings, and risk mitigation and compliance.
Montana PEOs can help with training, expense reporting, recruiting the best talent, and additional services as needed. You will also be able to get the best rates on health insurance and worker’s comp insurance by using a PEO (which knows how to negotiate these rates).
Factors for Evaluation of a Montana PEO Service:
Montana business owners will have a lot to consider when looking at PEOs, but they shouldn’t let that fact intimidate them. We looked in-depth into these services to get the right information. 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 plenty of providers, so you can shop around if you know what to look for.
We also want to be 100 percent sure you’re using a full 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 Montana
Insurance Cost Savings – Your Montana business can reduce costs by using a PEO through lower helath insurance rates. PEOs can more easily bargain for these better rates due to their massive size and leverage over benefits providers.
Less Paperwork – With all the natural beauty in Montana, you don’t want to have to look at paperwork. A PEO helps ensure this won’t be the case.
Compliance and Legal – A PEO can confidently handle compliance and legal issues that come up, and also help you deal with federal and Montana regulations should they be an issue. PEOs have experts in these fields and they will advise you towards the best course of action.
FAQ About PEO Companies in Montana:
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 gain access to time-saving tools and services as well as lower overall HR costs (PEOs are efficient at what they do). You can also expect compliance and risk-management support, alongside better benefits for your employees.
How Much Does it Cost To Use A PEO in Montana? – It usually costs between $1,000 – $2,000 per year per employee to use a PEO. If you have more employees, your business will have a better rate.
How Does a PEO Charge? – They charge either a percentage of your payroll or a fee per employee. We recommend the fee per employee structure, as that system is generally more navigable and less prone to hidden fees and confusion.
Does it Cost Money to Switch to a PEO? – This will change based on your business, but there is nearly always a $1000-$15000 startup fee.
How Long Does it Take to Get Started Once I Choose a PEO? – The average time you can expect is about four weeks. It will take three to six weeks to get set up, with an average wait time of about a month.
Can I Get Health Insurance for Myself and My Family as the Founder? – This is something that varies greatly depending on the PEO service provider.
As the Founder, Should I Pay Myself Using a PEO? – You should likely be doing this, but there are organizational exceptions.
Is There Anything Special to Consider When Looking at Montana PEOs? – Montana businesses will want to look into a PEO that can help with agriculture or agriculture-adjacent businesses. Given the makeup of the Montana economy, workplace safety expertize will also be vital.
What is the Best PEO in Montana? – This will vary based on the nature and size of your business. Check out our state-based PEO guide here.
If you want to drill down to only the most relevant information related to the PEO that is the best fit for your business in Montana, then stop pouring over page after page of search results, and simply contact us for your free, five-PEO comparison report.
To get started on obtaining your free report, simply complete the form on this page. The right PEO is out there – we’ll help you find it.