The concept of “Outsourcing” is nothing new for successful businesses…
Rather than incurring the cost of hiring internal staff and managing departments, you already outsource critical functions of your business to partners such as your CPA Firm and Law Firm. You partner with them due to their their value, specialization & expertise…the very same reasons behind partnering with a PEO. Think about it…you wouldn’t attempt to run your business without the support of a 3rd party CPA firm, would you?? In today’s complicated and every-changing workplace environment, growing businesses MUST view the HR function in the same way! Outsourcing HR to a PEO is a great way to keep your business protected, and your key staff productive.
Below are some additional questions we commonly get asked from businesses investigating a partnership with a PEO for the first time:
- What is a PEO?
- Why should I use a PEO?
- Who uses a PEO?
- How does a PEO partnership work?
- Why should I choose MidwestHR as my PEO?
- What sets MidwestHR apart from its competitors?
- What control will I give up by working with MidwestHR?
- Will my employees like working with MidwestHR?
A Professional Employer Organization (PEO) provides an integrated and cost effective approach to the administration of human resources and other employee-related duties. This may include managing payroll, employee benefits, workers’ compensation and more while offering enhanced expertise in local, state and federal regulations that can impact these matters.
When you align your company with a PEO, not only do you help mitigate the risk of your business (due to the HR/compliance knowledge the PEO will provide you), but the PEO will also free up a great amount of time for you and other key individuals. You can then take the time you WERE spending on HR/employment-related functions, and redeploy those hours to things such as sales, customer service, product development, operations, management/leadership of your staff, & more – all aspects that can drive profit and help your business grow! In addition, a PEO can offer your company enhanced group health insurance plans and employee benefits (often at a lower cost that what you are currently paying). This can help you to attract and retain the best people while keeping an eye on the bottom line.
Many types of businesses use PEOs from physician offices and IT consulting firms to printing companies and manufactures. Companies usually range from 10 to 200 employees, with an average close to 20.
How does a PEO partnership work?
PEOs and businesses partner in a co-employment agreement where they share the duties and liabilities of human resource and administrative tasks. The PEO assumes responsibility for payroll, tax administration, risk management, worker’s compensation and legal compliance. The business maintains control of its day-to-day operations, establishing pay rates, the hiring and terminating of employees and more.
Why should I choose MidwestHR as my PEO?
MidwestHR is one of the leading PEOs in the Midwest, providing administrative and benefit outsourcing to clients since 1997. Our tenured and knowledgeable staff is always on call offering the most dependable services in the industry. And with literally hundreds of satisfied clients, our track record speaks for itself. MidwestHR is also a long-standing member of the National Association of Professional Employer Organizations (NAPEO).
What sets MidwestHR apart from its competitors?
One word: flexibility. Many PEOs bundle all their services together at one fixed rate. But MidwestHR lets you customize a solution that fits your business goals. We let our clients choose and pay for only the services they need. It’s an “a la carte” approach that’s also much more affordable.
What control will I give up by working with MidwestHR?
None. Many companies actually feel like they gain control by working with us. That’s because we put business owners and their team members back in charge of their own time and energy. With us handling your HR functions, there’s no more wasting time on paperwork and non-core activities. Instead, you’re totally dedicated to your business strategy and the areas where you can yield the
highest rewards.
Will my employees like working with MidwestHR?
Absolutely. Not only will they have more time to focus on business at hand, they typically will have more health insurance options. MidwestHR gives you the buying power of a larger corporation, so there are more opportunities to find a comprehensive plan that fits your needs and budget. Employees also get access to Fortune 500 benefits such as, dental, vision, life, short and long term
disability and 401k plans.
