If your small company in New Hampshire is looking for ways to cut costs and increase efficiency, you need to know about the benefits of working with a qualified Professional Employer Organization, or PEO. The value in choosing the right PEO for you cannot be overstated, but it involves comparing the top PEO’s to find the one perfectly suited for your company.
Because of how many PEO’s there are, it can be confusing and frustrating as you try to cut through the noise and get at only the information that is relevant to you. If you have a specific set of needs like most businesses do, it’s important to map those needs to what is being offered from PEO’s in New Hampshire. To help with this, we’re providing you with this quick guide to PEO’s that operate in the state of New Hampshire.
New Hampshire business owners can learn more by reading the following:
High-Level Overview of New Hampshire PEO Services:
Your business can gain from using a PEO in a myriad of ways, but there are some standout features that take the lead. Any worthy PEO will be able to manage normal HR and payroll function for your business without any difficulties. Other major services to look at include benefits administration and acquisition, payroll management, tax filings, managing workers comp on a cash flow basis, and risk mitigation and regulatory compliance services.
Business can also expect help with training, recruiting, expense reporting, and other things that might come up. Your business’ employes will also be groups with the PEOs other clients for negotiation purposes, which means that your business will be able to get better rates on health insurance and workers comp coverage as well.
Factors for Evaluation of a New Hampshire PEO Service:
PEO service providers are complex, with many things to consider about them. Yet difficulty should stop your investigation, and it didn’t stop ours. 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
New Hampshire business owners should be careful when searching, given the number of providers available. Take notes and don’t be afraid to take your time looking at the above factors.
Your business should be working with a full solution, and we want to ensure that. 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 New Hampshire
Insurance Cost Savings – Your New Hampshire business will save money with a PEO, likely through lower health insurance rates. PEOs simply have better negotiating power when bargaining with benefit providers.
Less Paperwork – People in New Hampshire typically don’t like paperwork. Fortunately, a PEO makes a lot of paperwork go away.
Compliance and Legal – A PEO can deal with New Hampshire regulations and also work to resolve any compliance or legal issues involving employees that come up. A PEO’s trained staff know how to resolve problems and answer any questions that might come up.
FAQ About PEO Companies in New Hampshire:
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? – Your business will gain access to time-saving tools and services, and a PEO will also manage HR compliance. Your business will also receive cheaper or better benefits, making your business a better place to work in the eyes of your employees.
How Much Does it Cost To Use A PEO in New Hampshire? – You can expect to pay between $1000-$2000 per employee per year to use a PEO. Larger businesses will likely pay less.
How Does a PEO charge? – PEOs either charge an admin fee per employee or a percentage of your total payroll. We recommend trying to stick with PEOs that charge a percentage of payroll, as they are less confusing.
Does it Cost Money to Switch to a PEO? – The startup fee for most PEOs ranges from $1000 to $15000.
How Long Does it Take to Get Started Once I Choose a PEO? – You can expect an average of four weeks of waiting to get everything set up, but this can vary from three to six weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Some PEOs can provide this, while others will refuse to.
As the Founder, Should I Pay Myself Using a PEO? – This is generally recommended, although there are rare exceptions.
Is There Anything Special to Consider When Looking at New Hampshire PEOs? – Compared to most states, especially in the region, New Hampshire is known for being relatively freer when it comes to taxes and regulations. As such, you will want a PEO that can help you take advantage of the business environment. Additionally, you might want to look into a PEO that can help with recruitment, depending on your region, as talent might be hard to find.
What is the Best PEO in New Hampshire? – Each New Hampshire business can get a different answer to this question. Check out our state-based PEO guide here.
Don’t risk the success of your small or medium-sized company to the unsure performance of an inferior PEO. To make the best decision possible for your employees based in New Hampshire, you can rely on the detailed, five-PEO comparison report that we provide after a free, 15-minute consultation with one of our PEO experts. To get started today, simply complete the form on this page.