Saturday, March 14, 2020
Best PEO for Small Businesses
Best PEO for Small BusinessesAfter conducting extensive research on professional employer organizations (PEOs), we recommendInsperityas thebest PEO service for small geschftlicher umgangesin 2019. To understand how we selected ur best picks, you can find our methodology, as well as a comprehensive list of PEO services, on ourbest picks page.Editors note Looking for the right PEO service for your geschftlicher umgang? Fill out the below questionnaire to be connected with vendors that can help.Why Insperity?Flexible OptionsInsperity provides flexible service options for small businesses. Many competitors provide one-size-fits-all solutions, whereas Insperity will work with your business to find the right services for it. Some of its services are bundled, but Insperity allows you to sign up for the services you need and will scale up to match your businesss growth. Some of the features are optional, but you may still pay for the full bundle depending on your businesss situation.Insperit   y provides extensive support to businesses of all sizes. Its accredited by the Employer Services Assurance Corporation (ESAC) and certified by the IRS, verifying its high-quality services. It also provides a mobile application, so you can access your PEO services from anywhere. In short, Insperitys PEO is well-rounded and ideal for small businesses. Best Insperity Features for Small BusinessTailored ServiceWith Insperity, instead of working with a predetermined PEO solution that includes services you may not need, you sign up for services and features that match your businesss needs, regardless of the size or stage of your company. If, for example, youre a small business looking only for payroll processing and HR services, Insperity can start you off with those two services and then build out more features as your business grows. This tailored service model allows your business to continue normal operation without having extensive features (or costs) at the onset of your service.Con   tract StructureInsperity doesnt require a long-term contract, so you can cancel your service as long as you provide 30 days notice. This is a voreingestellt feature among PEO services we evaluated. While it requires you to have at least five employees, Insperity charges a per-employee fee as opposed to taking a percentage of your total payroll. This means that your costs  not including healthcare, benefits, payroll taxes and workers compensation  will remain the same as long as your number of workers remains the same.Hands-on ServiceInsperity provides a team of experts to handle your HR, benefits, payroll and risk management. You can collaborate with these experts to develop HR policies, select benefits packages and address compliance issues. This type of service team is voreingestellt for PEO services we reviewed. Insperity provides a point person to coordinate your services between you and the expert team.This team can provide in-depth advice and analysis on all the major PEO topi   cs.ServicesInsperity has many services for small businesses. Small business owners can find support in HR, risk management, and health, vision and dental benefits administration. Other services Insperity offers include recruitment services, employee screening and onboarding, handbook and policy development, performance management, termination and dispute assistance, workers compensation, safety training and onsite safety inspections, ACA compliance assistance, time and attendance tracking and software, wage garnishments, and employee assistanceprograms.One area where Insperity excels is training resources. It offers some of the fruchtwein extensive training services of any company we reviewed. Its client businesses have access to 3,000 online courses, 15,000 digital books and live virtual training.Insperity also offers onsite training on safety topics and other HR training topics tailored to your business, like conflict management or sexual harassment. Insperitys training resources    are among the best of any PEO we reviewed  they are extensive, and the mix of onsite and live virtual training means that your business can provide effective training and coaching for employees.Other BenefitsAccreditationThis company is accredited by ESAC in addition to being certified by the IRS, grouping it with other industry-leading PEOs. The IRS has a certification process that ensures certain PEOs are healthy and able to provide the services they claim. ESAC is an independent rating organization that grades PEOs on the quality and depth of their services. Insperity also fares well with the Better Business Bureau  it earned accreditation and an A+ with the company. Many companies we reviewed either arent rated or have very low grades with the private rating agency.Customer serviceWe interacted with Insperity via email and phone, posing as small business owners searching for a PEO service. In all instances, Insperitys sales team was helpful and informative, going the extra mile    to ensure that all our questions were answered and that we had established a personal connection with the sales representative. Representatives explained important healthcare conceptsand didnt push for a sale in our interactions with them.LimitationsInsperity offers a single employer health plan, which has multiple offerings for your business, but other companies we reviewed provide multiple health plans from various companies. All Insperity partners have employees on the same plan, meaning that potentially tens or even hundreds of thousands of employees are on the same healthcare plan. It also means that your employees will only have access to healthcare from one company. Businesses looking to provide their workers with multiple healthcare options should consider this while looking at Insperity.Ready to choose a PEO solution? Heres a breakdown of our full coverageBest Professional Employer Organizations 2019A Guide to PEOs and Employee LeasingBest PEO for Very Small BusinessesBest    PEO for StartupsBest PEO for Midsize BusinessesBest PEO for Customer ServiceEditors note Looking for the right PEO service for your business? Fill out the below questionnaire to be connected with vendors that can help.                                                                                                Matt DAngelo        Matt DAngelo is a staff writer covering small business for Business.com and Business berichterstattung Daily. After graduating from James Madison University with a degree in journalism, Matt gained experience as a copy editor and writer for newspapers and various online publications. In addition to his writing and reporting, Matt edits articles. He reviews small business services, including PEOs, small business loans and GPS fleet tracking services. Hes been with Business.com and Business berichterstattung Daily since 2017.                                                                                                                                                                                                       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