South Carolina is home to some of the best companies across almost all industries, from manufacturing to healthcare, and from IT to transportation. With as many great businesses as there are operating in South Carolina, it’s no surprise that more and more of them are looking to external help with their HR-related services.
Today, South Carolina companies are relying on Professional Employer Organizations, or PEO’s, to use as outsourced service providers for payroll, benefits management, and more. If you think your company could benefit from a partnership with a PEO, read on to find out how PEO companies in South Carolina should stack up against each other.
To learn more about finding the best PEO company for your South Carolina business, keep reading below:
High-Level Overview of South Carolina PEO Services:
You’ll want to look at a few important features when thinking about the benefits your South Carolina can receive by utilizing a PEO. A good provider will handle any HR problems for your business alongside payroll, and you should also be on the lookout for benefit-related services, worker’s comp management, tax filings, and risk-mitigation.
You will also be able to expect most PEOs to help your business with recruiting the best and the brightest employees, expense reporting, training new and old employees alike, and more. And since PEO service providers pool employees when negotiating benefits, you should be able to get better benefit rates for your business.
Factors for Evaluation of a South Carolina PEO Service:
There are many factors to consider when looking into South Carolina PEO services. Still, every factor is important, and we’ve looked into the details 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
You should review the above list as needed, as there are quite a few PEOs on the market, and narrowing the field is a difficult task.
We also want to make sure that 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 South Carolina
Insurance Cost Savings – Your South Carolina business can reduce costs, mainly health insurance costs, by using a PEO. PEOs can much more easily negotiate with benefits providers.
Less Paperwork – Paperwork is terrible, but a PEO will help you offload quite a bit of it.
Compliance and Legal – A PEO will help your company with legal and compliance issues that might come us, help your business work through South Carolina regulations, and will professionally answer any questions you might have.
FAQ About PEO Companies in South Carolina:
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 reduced HR costs and the use of their time-saving tools and services. They also manage HR compliance and risk-aversion. They usually allow your business to provide better benefits to employees. This makes your business a better place to work each day. Your business will have access to their tools and services
How Much Does it Cost To Use A PEO in South Carolina? – It costs between $1,000 – $2,000 per year per employee to hire a PEO. Businesses with more employees will get a lower rate.
How Does a PEO Charge? – You can expect to pay either a percentage of your total payroll or a straight admin fee per employee. We prefer companies that charge the admin fee, as it’s usually far more straightforward.
Does it Cost Money to Switch to a PEO? – There is usually a startup fee that will generally range from $1000 to $15,000, depending on your business.
How Long Does it Take to Get Started Once I Choose a PEO? – Between three and six weeks, with an average wait time of about four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – It depends on the PEO you work with.
As the Founder, Should I Pay Myself Using a PEO? – Your company’s organizational makeup will determine this, but most likely yes.
Is There Anything Special to Consider When Looking at South Carolina PEOs? – If your business might pose some safety risks, you might want to look into a PEO that helps with training and risk-aversion practices. Beyond that, we don’t see many special circumstances.
What is the Best PEO in South Carolina? – The answer to this will vary based on your business. Check out our state-based PEO guide here.
If your goal is to cut operating costs and streamline your South Carolina business, there simply is no better way to do this than having your HR services outsourced to a qualified PEO with experience in your industry. To help you choose the right one for you, we offer our free service in the form of a complimentary, five-PEO comparison report.