National PEO Services for North Carolina Small Businesses
PEO Solutions for Small Businesses in North Carolina
From Asheville to Wilmington, North Carolina is a great place for a small business to bloom. If you own a small business in NC and are looking for a great way to cut costs while maintaining a fully-functional and successful company, you may be interested in what a PEO consultant can do for you. If you're not familiar with what a PEO organization does, we'll quickly define it for you and then show how PEO services can greatly benefit your small business.
PEO Organization: What is a PEO?
PEO stands for Professional Employment Organization. PEO companies exist for you to outsource all of the HR management tasks for which your business is responsible. This includes payroll services, employee benefits, workers compensation insurance, compliance issues, etc. This is made possible by the PEO. You'll still manage the day-to-day activity of your employees — you can hire, fire and promote at will — but all of the paperwork and HR processes are handled by the PEO.
How Does Hiring a PEO Work?
The PEO makes its money by charging a small percentage of your total gross payroll. However, the ROI you'll get is well worth it — a PEO broker that covers thousands of employees can get much better workers’ comp insurance rates than you would be able to get yourself, and they save you from having to staff a dedicated HR department at your business. Generally, you know you need to hire a PEO when your accounting department expresses the need for a dedicated HR employee.
The Benefits of Hiring a PEO
As previously mentioned, hiring a PEO will actually save your business money in the long run. The sheer amount of work that a PEO does makes up for hiring an entire HR department, which includes salary and benefits for each of those individual employees as well. And since North Carolina workers’ compensation is different than any other state, a national PEO can help you manage offices in other states so that you don't have to learn a slew of new laws and information when you expand your business. You don't need a payroll calculator and you don't have to worry about workers’ comp paperwork when you hire a PEO; you don't have to worry about figuring out OSHA compliances or shop around for insurance ... all of it is done for you.
Using Employee Leasing Experts to Find the Right PEO for You
ELE is a national PEO consulting agency that specializes in connecting small businesses with the right PEO services for them. From payroll management to workers’ comp, one phone call to us can save you hundreds of potential headaches from trying to deal with the demanding world of HR all on your own. We would love to help you out with all of your payroll, benefits, workers’ comp, and compliance needs, so get in contact with us today!