Businesses that operate in Oregon enjoy a lot of benefits. There are excellent reasons to start a business here, and even better reasons to build it and scale it into something bigger and better than it is today. One of the best ways to cut costs, grow your business and become more profitable is to take advantage of the services offered by Professional Employer Organizations, or PEO’s.
PEO’s offer payroll, benefits management, compliance services and much more for small- and medium-sized located in Oregon. The problem arises when evaluating the PEO’s that are best for your organization, a task that can become complicated fairly quickly due to the sheer amount of PEO’s that serve the state. So, use this handy comparison of the top PEO’s that currently offer outsourced HR services to companies in your area, to save time and money.
You can learn more about finding the best PEO company for your Oregon business by continuing to read below:
High-Level Overview of Oregon PEO Services:
Oregon businesses have much to gain by using a PEO, but you should first review a few key points about PEOs. A quality PEO service provider can meet your HR needs without burdening your time, and so do for any employee in your organization. Other important services to mention include benefits procurement and administration, payroll management, regular tax filings, managing workers comp on a cash flow basis, and risk mitigation and compliance.
Your business can also receive support regarding expense reporting, recruitment (important for Oregon businesses), training employees, and additional services. You can also expect better rates on workers comp and health insurance due to the PEO’s negotation skills.
Factors for Evaluation of an Oregon PEO Service:
Oregon PEO services require a thorough look to know everything about them. Still, every major service a provider offers is important, and we’ve looked into every aspect 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
There are numerous PEOs working in Oregon, so you’ll want to make sure that you are looking at the right things.
We also want to make sure you are working with a full-service solution, and 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 Oregon
Insurance Cost Savings – Your Oregon business, by using a PEO, will save money on health insurance for your employees. PEOs can more easily negotiate with providers.
Less Paperwork – You probably would rather be looking at trees and not writing on them, and fortunately a PEO can help you out there.
Compliance and Legal – A PEO can manage all compliance and legal issues that might come up while also working to navigate Oregon regulations. The staff working for the PEO should be able to help you with any relevant questions you might have.
FAQ About PEO Companies in Oregon:
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? – The main benefits of using PEOs are lower HR costs and the use of their time-saving tools and services. They also manage HR compliance and risk-aversion. Better benefits can also be acquired, making your business a more attractive employer.
How Much Does it Cost To Use A PEO in Oregon? – It will cost your business $1000 -$2000 per year per employee. If you have more employees, your costs will be lower.
How Does a PEO charge? – PEO service providers usually charge a percentage of the overall payroll or a straight administrative fee per each employee. We prefer companies that charge the straight fee per employee, as those companies are less apt to add hidden charges and other problems to the bill.
Does it Cost Money to Switch to a PEO? – You can expect a startup fee that will range from $1000 to $15,000.
How Long Does it Take to Get Started Once I Choose a PEO? – It can take from three to six weeks, with an average waiting time of four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – The answer will depend on the PEO you partner with.
As the Founder, Should I Pay Myself Using a PEO? – Yes, with few exceptions.
Is There Anything Special to Consider When Looking at Oregon PEOs? – Oregon businesses will have to compete very hard to compete very hard for the most talented people in their industry, so you will want to get a PEO that will help your business keep its best people, whether that’s through the best benefits, better policy strategy, or other means. Otherwise, Oregon doesn’t have too many specific issues to be concerned about, and you should just look for a PEO that works well with your industry.
What is the Best PEO in Oregon? – Oregon businesses have a variety of needs, and different PEOs will serve different PEOs best. Check out our state-based PEO guide here.
We know how confusing it can be to conduct a thorough evaluation of all the PEO’s available to you. When you’re ready to get started on getting the best information to choose the PEO that’s right for your Oregon business, we’re ready to help. Complete the form on this page, and after a brief, 15-minute consultation, we’ll send over your free, five-PEO comparison report.