Business owners in North Dakota have many options available to them when it comes to outsourcing fundamental HR functions like payroll processing and benefits administration for their employees. What’s becoming more and more common is working with Professional Employer Organizations, or PEO’s, to reduce costs and create more efficient operations.
To choose the best PEO for your North Dakota-based company, a lot of factors need to be considered. These include industry specializations, company size, geographical footprint, and much more. To help with this effort, we’re providing you with this quick guide to PEO’s that operate in the state of North Dakota.
To learn more about finding the very best PEO company for your North Dakota business, keep reading below:
High-Level Overview of North Dakota PEO Services:
Your business can benefit in many ways, but there are a few things that you should know at the top level. The best PEO providers will manage HR problems without issue and for all employees. Other major services should include benefits provision and administration, payroll management, taking care of workers comp on a cash flow basis, performing quarterly tax filings, and risk mitigation and compliance help.
You will also be able to expect most PEOs to help your business with the recruitment of new employees, expense reporting, training, and even more. Your business will also be able to get better rates on health insurance and workers comp coverage through the PEO.
Factors for Evaluation of a North Dakota PEO Service:
There are many different factors to look into when judging a North Dakota PEO service. Even with that being the case, every major facet of a provider is important, and we’ve researched everything to make sure that you get the correct 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 many PEO service providers operating in North Dakota, so it’s vital to know what to search for when doing your shopping.
We want to make sure that no matter what PEO you wind up choosing that you will work with 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 North Dakota
Insurance Cost Savings – Your North Dakota business can save money with a PEO, mostly through lower health insurance costs. They can easily negotiate a better rate than any small business on its own can.
Less Paperwork – Paperwork is terrible, but a PEO will work to keep it at a minimum.
Compliance and Legal – PEOs can manage compliance and HR issues for your company, and likely do it more efficiently than your current setup. You can rest easy knowing their experts are on the case, whether it’s about federal or state regulations.
FAQ About PEO Companies in North Dakota:
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? – This makes your business a better place to work each day. You will be able to use their services, management and time-saving tools, and you will have reduced HR costs. You can also expect compliance and risk-management help. Finally, you will be able to offer better benefits to your employees.
How Much Does it Cost To Use A PEO in North Dakota? – Better rates go to businesses with more employees, but it usually costs $1000-$2000 per year per employee to hire a PEO.
How Does a PEO Charge? – A PEO will charge either a percentage of your payroll or an admin fee based on the number of employees you have. We find that the fee per employee model is much easier to work with.
Does it Cost Money to Switch to a PEO? – There is usually a startup fee that ranges from $1000 to $15,000.
How Long Does it Take to Get Started Once I Choose a PEO? – The average wait time is four weeks, with the range being from three to six weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – It will depend on the PEO. If it’s important to you, it’s best to ask this question early.
As the Founder, Should I Pay Myself Using a PEO? – Yes, although the structure of your business may mean a rare exception is in order.
Is There Anything Special to Consider When Looking at North Dakota PEOs? – Your business is more likely to be in an industry some PEOs won’t consider, so you’ll to be absolutely certain you’ll be supported on that front. You might also need help with recruiting talent that will take your business to the top. Other that that, the fundamentals of a good PEO stand strong.
What is the Best PEO in North Dakota? – Different PEOs are best for different businesses.. Check out our state-based PEO guide here.
If the time has come for you to decide on a PEO to work with, you’re probably trying to get your hands on the most information as you can. This makes complete sense, and we’re here to help you with the PEO information you need to make a clear, sound decision for your North Dakota company and its employees.
Contact us or complete the form on this page to get access to your 100% free, five-PEO comparison report.