When companies in West Virginia reach a certain size, they start looking for outside resources to help manage their HR operations. This is becoming especially true in industries like healthcare, construction, and IT. But, because there are so many PEO companies to choose from, it’s not always clear which one is best for any given organization.
Choosing the best PEO for your West Virginia business doesn’t have to be a time-consuming process. Locating the ideal mix of industry expertise and HR-related service offerings can be done quickly and easily with a little help, which is why we’re providing this guide to PEO companies in West Virginia.
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To learn more about finding the best PEO company for your business in West Virginia, keep reading below:
High-Level Overview of West Virginia PEO Services:
West Virginia businesses can benefit from PEOs in many different ways, although you will want to look at a few primary features. A good PEO service provider will be able to manage standard HR and payroll needs. Other major services provided include benefits management, payroll management, managing workers comp on a cash flow basis, tax filings, and risk mitigation and compliance support and advice.
Most PEOs can help your business with recruiting new people, expense reporting, training, and other services as well. Since the PEO service provider pools client employees, you will be able to get better health insurance rates for your employees as well.
Factors for Evaluation of a West Virginia PEO Service:
There are many puzzle pieces to consider when evaluating a West Virginia PEO service. We’re here to help put them together. 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 available in West Virginia, so it’s important to know what to look for when reviewing services.
We want to make sure 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 West Virginia
Insurance Cost Savings – Your West Virginia business can reduce health insurance costs by using a PEO. PEOs can more effectively negotiate with benefits providers, as they have a great deal of leverage to negotiate with.
Less Paperwork – A PEO can reduce paperwork for you, saving you valuable time.
Compliance and Legal – A PEO can answer any related questions you might have, help your business navigate West Virginia regulations, and make sure that any issues that come up are quickly and amicably resolved.
FAQ About PEO Companies in West Virginia:
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 can benefit from reduced HR costs and the use of their time-saving tools and services. They also manage HR compliance and risk-aversion for your company. They usually allow your business to provide better benefits to employees, making your business a better place to work at.
How Much Does it Cost To Use A PEO in West Virginia? – Between $1,000 – $2,000 per year per employee, and businesses with more employees will get a better rate.
How Does a PEO charge? – You will either be charged an admin fee per employee or a percentage of your total payroll. We prefer PEOs that charge a straight fee, as hidden fees are less likely to pop up in those.
Does it Cost Money to Switch to a PEO? – There is usually a startup fee, and this can range from $1000 to $15,000.
How Long Does it Take to Get Started Once I Choose a PEO? – Depending on the PEO you choose, the time it takes to start can range from three to six weeks. The average time is about four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – It will depend on the PEO you work with.
As the Founder, Should I Pay Myself Using a PEO? – The final answer depends on your organizational makeup, but in most cases, the answer is yes.
Is There Anything Special to Consider When Looking at West Virginia PEOs? – We find that there are few special needs that are related to the state for businesses in West Virginia which are looking for PEOs. What you will absolutely want to do is find a service that will be able to service your industry at an expert level.
What is the Best PEO in West Virginia? – The answer depends on your industry and what you are looking for. Check out our state-based PEO guide here.
Industry specializations, company structure, and diversity of service offerings are the top three things to consider when choosing the best PEO in West Virginia. For your small or medium-sized business to thrive, you need a PEO partner that can learn your individual needs, map them with the right services, and remain as a resource when needed.
Another key focus for many PEO’s is tax and employment law compliance. In the state of West Virginia in particular, there are laws that are unique to the area which do not apply outside of the state, which makes employment challenges complex as headcounts rise.
When you’re evaluating your options for a PEO, don’t forget to keep your budget in mind. There are options for additional services that you may need but don’t know are available, which is why a thorough evaluation of all the best PEO’s is an ideal strategy.
If you still need more help, feel free to contact our experts or use the form above to learn more about our recommendations for your business.