If you are looking for outsourced HR services for your Wisconsin-based business, you’ve probably heard of Professional Employer Organizations, or PEO’s. These companies can help by offloading the burden of HR operations so you can focus on other core aspects of your business. If you choose the right PEO, the money and time savings involved can be significant.
This raises the question: which Wisconsin PEO is the best? To answer this, important to remember that every company is different, and as such, your needs are going to vary from other small or medium-sized businesses. This makes the search for the right PEO confusing; which is why we’re helping with this guide to PEO’s that serve the state of Wisconsin.
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You can learn more about Wisconsin PEOs by reading below:
High-Level Overview of Wisconsin PEO Services:
Wisconsin businesses can benefit from PEOs in so many ways, but you will want to look at a few primary features. You can expect a good PEO service provider to help your business with any HR and payroll needs. You can also expect services relating to benefits management, worker’s comp management, tax filings, and risk mitigation and compliance.
Most good PEOs to help your business with recruitment, expense reporting, training employees, and additional services that your business might need. PEO service providers also have great leverage when negotiating with benefits providers, leading to better workers’ comp and health insurance rates for your business.
Factors for Evaluation of a Wisconsin PEO Service:
While Wisconsin business owners would normally need to do a lot of legwork looking into PEOs and knowing what to look at specifically, we did the work for you. 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 providers workings in Wisconsin, so you’ll want to do some comparison shoping.
When making your decision, we want you to be sure that your final selection will be 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 Wisconsin
Insurance Cost Savings – Your Wisconsin business can reduce health insurance costs by using a PEO. PEOs can more effectively negotiate with benefits providers, leading to better rates.
Less Paperwork – Paperwork is something to avoid, and a PEO lets you avoid it by taking care of it for you.
Compliance and Legal – PEOs can manage compliance and legal issues for your employees, and work your business through Wisconsin regulations. A PEOs staff will also help you with any questions you might have.
FAQ About PEO Companies in Wisconsin:
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 use of their time-saving tools and services is a major benefit. They also manage HR compliance and risk-aversion for your business, letting you sleep easy. Additionally, your business will be able to provide great and competitive benefits to employees.
How Much Does it Cost To Use A PEO in Wisconsin? – Between $1,000 – $2,000 per year per employee. Larger businesses will get better rates.
How Does a PEO charge? – PEOs usually charge a percentage of overall payroll or a simple admin fee per employee. We find that the straight fee is better for most businesses due to its simplicity.
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? – Three to six weeks, with a four week average startup time.
Can I Get Health Insurance for Myself and My Family as the Founder? – It will depend on the PEO.
As the Founder, Should I Pay Myself Using a PEO? – Yes, with a few exceptions based on the structure of your business.
Is There Anything Special to Consider When Looking at Wisconsin PEOs? – You might want to find a PEO that can support any foreign workers from Canada you may employ, even if just from a payroll standpoint. Otherwise, you will likely simply want to look into the industry your business is in and find a compatible PEO.
What is the Best PEO in Wisconsin? – Wisconson businesses are diverse and so are PEOs. Due to this, the answer to this question is unique to each business. Check out our state-based PEO guide here.
Spending more time than you think you should be on your PEO search? We’re here to help. Feel free to reach out to us and contact one of our consultants or use the form above for a free report on the best PEOs for your business.