Employees in todayâ€™s market are looking for companies that offer great benefits. Unfortunately, thatâ€™s an incredibly expensive and complex nightmare that often requires a human resources (HR) department, not to mention the compliance issues.
While circumstances often grant large companies an edge on hiring the best employees away from other businesses, this situation can be overcome. Partnering with a Los Angeles area professional employer organization (PEO) can help your business match up with the competition.
As a PEO, Einstein HR can help you improve the quality of benefits you can offer to prospective employees while also ultimately reducing the overall costs that youâ€™d have to pay in house. This alliance means that your company can offer impressive benefits, no matter the size of your business.
A PEO can help your business by:
- Lowering prices on employee benefits.
- Providing outsourced HR services.
- Offering highly competitive benefits.
- Making sure youâ€™re compliant with HR regulations.
You can draw on these benefits by finding a PEO firm that has experience and a solid reputation. Einstein HR provides professional services to businesses in the Los Angeles area.
PEOs Offer Support for Your Business
Your business can work with a PEO by setting up an arrangement that is referred to as co-employment. Co-employment allows the PEO to act as the â€śemployerâ€ť for your workers in a few specific circumstances. Some businesses fear this means they will lose control, but this is not the case.
You will maintain control of your business when working with a PEO. You will continue to make all decisions related to hiring and firing employees. The PEO will only handle responsibilities that are associated with benefits management and the human resources department.
A PEO company in some ways resembles the services offered by HR outsourcing, but there are some key differences. A provider that outsources HR services will be a separate entity, held apart from your company. This means you canâ€™t draw on the providerâ€™s benefit network. You will only receive administrative services when outsourcing your HR needs.
PEOs, on the other hand, offer more in-depth services. Youâ€™ll be able to join the benefit network used by the PEO, since you are seen as one business entity. PEOs generally have far more bargaining power than a single business, allowing them to secure industry-best rates for benefits.
Functions of a Co-Employment Relationship
Your business can utilize co-employment to grow stronger. This relationship requires you to work with a PEO. There are two roles in co-employment, each with specific responsibilities:
You act as the executive in a co-employment situation. This means you are the primary employer and that you get final say over any decisions. All of the control over your business and your employees stays in your hands.
The PEO carries out certain duties after getting your approval. You can delegate the tasks the PEO will perform. You can count on the PEO to deal with unemployment cases, employee disputes, and even claims for workers comp.
Grow Your Business with a Los Angeles PEO Company
You can rely on a PEO company to perform all of the functions that would normally be handled by an in-house HR department. Partnering with a PEO means you wonâ€™t have to argue with insurance companies anymore, or waste important time trying to haggle with HR outsourcers. You can get all the following services from one source:
- Strategic Development
- Payroll and Benefits Management
- Employee Evaluation
- HR Support and Claim Resolution
- Affordable Care Act (ACA) Compliance
Youâ€™ll also be able to lower the risks to your business by working with a PEO. A professional PEO team will be able to reduce your liability by ensuring that any compliance issues are handled quickly and effectively.
Companies That Use PEOs
Any company can benefit from the services offered by a PEO. We have worked with businesses in a wide range of industries, including:
You can draw on the benefits of a PEO no matter the size of your company. Einstein HR has helped businesses that have only five employees as well as much large companies that employ up to 500 workers.
We can provide you with service if youâ€™re a new start up. We also provide assistance for local, regional, national, and multinational organizations. Even nonprofits can benefit from our services. No matter how you would define your business, we have services that can help you expand and grow.
Einstein HR Stands Apart
Einstein HR understands that a successful PEO company requires technical expertise and solid customer service skills. We offer solution-oriented services and only makes promises that we can deliver on. We strive to stay responsive and able to adapt to the changing needs of your growing business.
We have been working with businesses nationwide for over a decade. Our years of experience have taught us the best ways to save you money on compliance, HR, and employee benefits. We consider it our job to anticipate the needs of your business and to find solutions to your problems before you ever have to call us.
Save Money and Grow Your Business
You want improve the way your business runs, and so do we. Let Einstein HR provide you with the services your business requires so you can keep growing in Los Angeles. PEO services can offer your employees the benefits they deserve at a cost you can afford. Find out how we can benefit your business. Weâ€™re ready to help you right now.