5 Signs Your Business Needs a PEO
You’ve just spent all day at the job site. You’ve supervised your employees, answered dozens of phone calls, and responded to endless emails. Now it’s getting late, but you can’t go home yet.
Why not? Because you still have a mountain of paperwork waiting for you back at the office.
Does this sound familiar? If it does, you’re not alone. Many small business owners spend at least one workday (or up to 10 hours a week) on administrative tasks.
The good news is there’s an easy, affordable solution: outsourcing those tasks to a reputable PEO service. Here are 5 sure signs your business needs a PEO.
1. You’re Overwhelmed by Your Workload
When business is booming, that’s a good thing, right? It is — if you can keep pace.
As your company grows, the reality is that there may be too much paperwork for you to manage on your own. This is especially true if you’re managing multiple locations or your team of employees is growing rapidly.
Do you constantly find yourself working late and wishing there were more hours in the day? Do you feel stressed and anxious as you struggle to get everything done? These are sure signs your business needs a PEO service.
2. You Don’t Know If You’re 100% Compliant
Employment law can be a never-ending headache for many companies.
Are you up to date on the latest local, state, and federal laws for your industry? Do you realistically have the time and energy to keep track of the newest legislation?
Worse yet, have you recently been slapped with fines or penalties for compliance violations? A PEO will keep track of all these compliance details for you, freeing you to run your business.
3. You Want to Offer Better Employee Benefits
Small businesses can’t always attract their ideal candidates. Let’s face it — it’s tough to compete with bigger businesses that offer shiny benefits packages.
Or is it?
Part of the PEO package is the ability to offer your employees the benefits they want (and deserve). This includes medical and dental coverage, retirement options, and other savings plans.
4. You Can’t Afford an Internal HR Department
Rapid expansion is great for your bottom line, but it can be an administrative disaster.
In the early days, you likely had no problem keeping up with your office duties. But now that your business has grown, you may need more help when it comes to human resources.
What if you need the help but can’t afford to build your own (expensive) HR department? A PEO is your lifeline here, providing everything from payroll services to employee benefits and worker’s comp.
5. You Can’t Keep Track of All the Details
Do you often find yourself being reactive instead of proactive? Are you frustrated because small details keep falling through the cracks?
For example, are you struggling with issues like duplicate invoices or missed orders? Have you found out much later that your new hire didn’t properly fill out his tax forms?
If your employees or clients are constantly pointing out mistakes, it’s time to reassess your workload. Delegating everyday tasks to a PEO provider will free you up to be a better boss (and run a more successful company).
Your Business Needs a PEO (And We Can Help)
As a responsible business owner, you likely want to manage every aspect of your company yourself.
But what if there aren’t enough hours in the day to get everything done? What if, after reading the items listed above, you realize that your business needs a PEO?
Don’t worry — you don’t have to figure it out on your own. At Intrepid Payroll, our job is to match you up with the perfect PEO service for your company.
Are you ready to outsource your back-office tasks and devote more time to your business? Contact us today to see how we can help.