For many Nebraska business owners, company growth means adding employees and increasing the complexity of HR functions like payroll processing and benefits management. Whether or not your business is a good candidate for outsourced HR depends on a variety of factors, but the bottom line is that Professional Employer Organizations, or PEO’s, can help by providing guidance and services that reduce your day-to-day operating costs.
When evaluating Professional Employer Organizations, there are three key features to look for: industry specializations (if any), PEO size, and geographic area of operation. Every PEO has a unique set of benefits that makes doing business with them a sound economical choice. However, no two businesses are the same, and so we’re providing this brief guide of the PEO’s in Nebraska, so you can make the most informed decision possible.
Nebraska business owners can learn more about PEOs by reading on below:
High-Level Overview of Nebraska PEO Services:
Nebraska business owners will want to look at a few primary features, although there is a lot to look at. You will want to look for a PEO that can work with all employees when it comes to HR. Other vital services to look at include benefits administration, payroll management, managing workers comp on a cash flow basis, filing taxes, and risk mitigation and compliance oversight.
PEOs can also help with personnel recruitment, expense reporting, training of employees, and additional services that might vary based on the PEO. Your business will also benefit from the PEO’s better ability to negotiate benefit rates, which means lower health insurance and workers comp coverage rates for your business.
Factors for Evaluation of a Nebraska PEO Service:
There are many factors to consider when evaluating a Nebraska PEO service. Nonetheless, every major facet of a provider is important, and we’ve looked into everything to make sure that you 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
PEO service providers are numerous in every state, and keeping track of everything can be difficult. That being said, it’s still key to know what to look at when you’re comparing PEOs.
Your business will want to work with a full solution, and we want to make sure you get one. 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 Nebraska
Insurance Cost Savings – Using a PEO will save your Nebraska business money, mostly through lower health insurance costs. They have better bargaining power and will pass their savings onto your business and employees.
Less Paperwork – Nebraska business owners have more important things to do than paperwork. A PEO will help them get on with those tasks.
Compliance and Legal – A PEO can manage compliance and legal issues for your business regarding employees, while also dealing with state regulations in Nebraska (always a chore). PEOs employ experts to make sure errors don’t happen and will help you sleep easier each night.
FAQ About PEO Companies in Nebraska:
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? – PEO users get access to quite a few helpful tools and services, and the PEO will often either manage or help with HR compliance and risk-aversion protocols. Your business will also be able to get provide better benefits to your employees.
How Much Does it Cost To Use A PEO in Nebraska? – Businesses with more employees will get a better rate, but it usually costs between $1,000 – $2,000 per year per employee to hire a PEO.
How Does a PEO charge? – PEOs will charge either a flat rate per employee or an amount based on a percentage of your total payroll. We find that companies that charge a flat rate as opposed to a percentage are easier to work with when it comes to billing.
Does it Cost Money to Switch to a PEO? – There is usually a startup fee that ranges from $1000-$15000, 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 the PEO you use. The average wait time to get started is about four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – The answer to this question changes based onthe PEO you’re using.
As the Founder, Should I Pay Myself Using a PEO? – You will likely want to pay yourself using the PEO, but this can vary.
Is There Anything Special to Consider When Looking at Nebraska PEOs? – Nebraska PEOs don’t have too much to look out for in particular, but you will want to find one that has experts in Nebraska state laws and regulations. Otherwise look to your industry and make sure that your business finds a good PEO fit in that regard.
What is the Best PEO in Nebraska? – Nebraska businesses are different, and so will be the best PEO for them. Check out our state-based PEO guide here.
The journey to the right PEO for you doesn’t have to be a long and winding one. You can actually obtain just the pertinent facts you need – facts that are relevant to only the right PEO’s for your business type, size, and location within Nebraska. After a brief, 15-minute consultation with one of our PEO experts, we’ll send you a free report that does the comparison work for you.
Complete the form on this page to get started now.