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How a Professional Employer Organization Can Help Grow Your Business

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As a leader of a growing business, you wear many hats. From developing and leading strategic initiatives to creating products and services to juggling financial responsibilities with employee relations, human resources, benefits selection, and payroll administration, there’s a lot to manage. How can you stay on top of it all and not lose focus on what matters most—growing your business?

When business leaders reach this management tipping point, having a trusted partner that can help with human resources functions so they can focus on their passion and mission is a savvy first step. Many small businesses choose to outsource their human resources functions through a professional employer organization, or PEO, relationship.

In a PEO partnership, small businesses and organizations receive comprehensive HR support to help manage their human resources, employee benefits, payroll, workers’ compensation, and regulatory compliance through a co-employment relationship. The business remains the primary employer, managing the staff and daily to-do’s; the PEO provider oversees benefits and payroll administration, government compliance matters, and many other tasks.

Responsibilities:

  • Business: Employment, Staff Management, Daily To-Do's
  • PEO Provider: Oversee Benefits, Payroll Administration, Government Compliance

In addition to helping business owners with their top three talent concerns — employee engagement, retention, and recruiting — by entering into a PEO partnership, your business will realize the following benefits:



1. More Time to Focus on Your Core Business and Increasing Profits. With a PEO partnership, you have access to experienced professionals in a single organization, who are focused on providing exceptional customer service and can assist you with human resources, benefits, and payroll needs. That means staff time typically spent on HR-related issues like researching, selecting, and administering benefits plans, including the employer notice and reporting requirements of the Affordable Care Act, can now be time devoted to strategy and growing your business.


2. Staying Compliant With HR Requirements. With changing HR regulations and health care reform, it can be difficult to navigate the world of HR compliance. It also takes time to research—time that could be otherwise spent leading your business. With a PEO partnership, you have a partner devoted to staying on top of changes, so complying with all HR-related regulations is simple. That means with family leave laws exempt/nonexempt (FLSA) laws and others, a PEO will help coach, define, or create specific policies that apply to each employer while maintaining compliance. And most PEOs share the liability risk of being in a co-employment relationship as well, so you have support through the entire program.

"I love the fact that my staff can call or meet with QTI instead of me regarding their benefit or payroll questions.  I can now focus on the more strategic initiatives we want to do instead of being bogged down with the administrative tasks of HR and benefits.  We have big plans and now I can focus on that". -QTI PEO Client



3. Attracting and Retaining Employees With a Competitive Benefit Plan. In a PEO partnership, small employers can provide their employees with top-notch benefits options by becoming a part of the larger employer group. PEOs negotiate benefits on behalf of the combined group, which allows for more manageable costs and more benefits options for their employees. Having a strong employee benefits package gives small businesses a competitive advantage in attracting and retaining the best talent.


4. Scalable Human Resources Options. Growth can bring many changes. What you need today might not be what you need tomorrow. HR needs are a perfect example. A PEO can scale with that growth and even help create faster growth by being a predictable partner for your employees’ changing needs.

Scalable Growth Example

Company A has five employees. At this stage, defining its basic structure, culture, and vision is important, but it also wants to start offering strong benefits to attract top talent and grow into the company it envisions for the future. Company A’s plan works as they hoped and over time it grows to a group of 40+ individuals.

With this maturation comes new and different HR needs. While it still needs a strong benefits package to attract new talent, it also needs to maintain its benefits and overall culture to retain the talent that helped the company grow to what it is today. Because of its new size, there are also new compliance laws to consider and more personalities to work with, all while leadership needs to maintain its strategic drive and growth.

Enter the PEO partner.  To ensure Company A's growth is given the attention it's due, it contracts with a PEO, which helps the business adapt and maintain its growth by supporting HR-related functions while leadership focuses on the bigger picture.



5. Peace of Mind
Imagine the relief of knowing that your human resources, payroll, and benefits administration are being professionally handled. Then add the reassurance of knowing that your business’s culture and your employees’ experience are being executed in lockstep with your vision, so you can turn your focus to your business’s strategic initiatives: developing your product or service and attaining your growth goals. That peace of mind is what a PEO can offer.

QTI’s PEO service provides small businesses with access to experts in HR, payroll, and benefits administration. In turn, small business leaders gain cost and time efficiency, assistance with risk management and avoidance, and peace of mind. Our team of HR experts works proactively to be a resource for your employees and ensure laws are followed. The result? More time to focus on your mission: growing your business.

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