Are you considering a Professional Employer Organization (PEO) to manage your business’s payroll and human resources? Smart.
Before getting started, there are some important questions you should ask the PEO company to make sure it’s a good fit. Scroll on to see a few questions to bookmark for your business. Starting off a new partnership with confidence & clarity, how refreshing and very Vested HR.
Important Questions to Ask Your PEO
Okay, you’ve recognized that your business could benefit from a PEO. And it is time to make the change to partnering with an organization like us at Vested HR. Now, it is vital you have a full understanding of what your relationship with your PEO will look like.
How much does working with a PEO cost?
The exact cost of a PEO will vary depending on the size and type of your business. However, it is important to have a full understanding of the total costs associated with working with a PEO before you get started.
- Setup fees
- Administrative fees
- Monthly subscription costs
- Benefits investment
- Required withholding rates
Talking about the total investment is a key part of the process and you want someone who will be transparent. Around here, you can expect our team to be honest and upfront with you.
What is the PEO’s track record?
Don’t be afraid to ask your PEO about their past or current client successes. It’s important to know if the PEO has a good track record of helping other businesses succeed.
Ask to see references from previous and current clients and ask about their experience with the PEO. It would be best to look over clients who are similar in size, business type, and location to give you a better idea of how companies like yours have benefited.
Who will I be in direct contact with?
Knowing who to contact when you have questions or concerns is essential to a successful partnership. Ask your PEO who will be in charge of managing the relationship and who you can reach out to for help.
Also, ask what kind of support services they offer (phone, email, text, etc.) and how responsive they typically are. Knowing what to expect and who to contact will give you peace of mind.
At Vested HR, we’re always here for you. And we mean it, no annoying automated phone trees or unanswered voicemails. We believe being human-focused means you can actually reach us and speak to a real person.
Is training or professional development provided?
A PEO should be a partner in business growth, not just an administrative assistant. Ask about any training or professional development services the PEO offers to their clients. This will help you make sure your team is up-to-date with the latest industry trends and techniques.
Choosing the Right PEO
These are just some of the questions you should jot down for your executive evaluation. That’s the first step to finding the right PEO for your needs. When we meet, we will be happy to provide you with all of the information you need to be successful with our support.
We’re in(Vested) in your growth! Our HR team is known for our local expertise and national reach. Contact Vested HR today to experience a new way to work.