The Ins and Outs of a PEO Relationship
Are you thinking of moving your in-house HR tasks to a PEO? That’s great! Here’s what to expect.
Professional Employer Organizations (PEOs) are a tried and true way for companies like yours to take advantage of some powerful perks:
- Access better benefits than you might be able to get on your own
- Tap into our technology platform for your employees
- Approve payroll on your custom timekeeping system
- Turn over your workers’ compensation claims to our risk specialists
- Run on-demand, customizable reports in your account
- Transfer unemployment claims management to our experts
- Get one-on-one HR advisement
In order for us to do all of these things for you, there are a few nuances to the PEO relationship. Here are some things to keep in mind.
Employer of Record
For liability and tax purposes, Nextep serves as the employer of record. Don’t worry! You will maintain 100% of the worksite direction and control. But we’ll take on the responsibilities for payroll tax and more under our Employer ID.
Speaking of worksite control, you will still be in charge of enforcing compliance within the walls of your company with the various employment regulations. However, you don’t have to figure it out alone. Our HR experts will provide guidance to keep you informed and resources unique to your company.
New Hire Onboarding
New hire onboarding will be easier with our streamlined online process. Once you hire your new employee, we’ll take care of the paperwork, multi-state reporting, EPLI coverage, garnishments (if applicable), tax reporting, and W-2. We’ll even maintain online files of your employees’ paperwork.
All in One Place
You may be used to keeping up with multiple vendors, addresses, and website logins. With Nextep, we put everything in one place behind one secure login! With simple sign-in, your employees can access all of their apps for benefits, online training, and more right from their accounts.
You’ll want to consider several criteria when shopping for the right PEO partner. Check out these 5 questions you should ask during your PEO search!
We hope this information helps you prepare for those initial conversations! Of course, we’re happy to discuss all of this and more. Connect with us and see how Nextep can elevate and enrich your business!