Partnering with the right PEO is a very important decision. However, it is easier said than done. This is where SourceOne’s expertise comes in. We have a long history of working for and with PEO’s throughout the country. We eliminate this tedious and timely process of interviewing and learning about each PEO.
Our consultants sit down with you in a one-to-one meeting to understand what your needs are. This enables us to find the right solution for you. Every company’s situation is different, therefore we work several different PEO’s that concentrate in different niches.
There are many different needs within each business from: human resources issues, payroll, employee benefits, employer compliance and other employment situations.
Once we have narrowed it out for you, here are some questions you should ask:
- Does it offer the type of services you want and need?
- Does it have the capability to handle fast growth in your workforce?
- Does the company’s staff have the depth and expertise to deliver on its promises?
- How does it deliver its services? In person, by phone, via the web, a mix of all three?
- Is it an assigned service specialist or a team environment?
- Where are they located?
- Can you receive references?
- What kind of HR and payroll reports can be generated?
There are hundreds of PEO’s in business. It is important to know who you are dealing with and how they go about there business – and SourceOne Partners is here for you.
1. Make sure the price makes sense.
A price that looks too good to be true probably is. A provider that initially offers low rates may increase its rates 6 months down the road. Every PEO is in business to make money, so be sure you have a clear understanding.
2. Partner with a PEO offering comprehensive benefits packages
Be sure to ask the proper questions like:
- Offers several plans to choose from.
- Provides coverage for new hires soon after they start working.
- Has no pre-existing condition exclusionary clauses.
- Contains no individual underwriting.
- Offers guaranteed issue coverage.
3. Join a PEO with a quality health provider network.
A stable health care provider network is extremely important to you and your employees. Not having a widely accepted health plan could impact you.
4. Be sure the HR provider employs professionals in its own organization.
How does the PEO provide its’ human resource services? Do they understand the needs of your specific industry and are they credentialed?
5. Ask for references.
References are important when validating what the PEO tells you. Be sure to follow up on the references and see if there were any challenges they were faced with.
Partnering with SourceOne assures you that we have carefully examined the PEO’s best practices in regards to payroll, benefits, workers compensation insurance, HR services, as well as the industries it serves. We look for long term relationships and can only do so when providing the proper services for our clients. Contact us to help you select the right PEO.
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