Important Tips for Your PEO Search

With the sheer number of PEOs with whom you can partner for HR management, it can be a difficult task to sort through and find the best fit for your company. In fact, just finding the right PEO can be its own full-time job. Here are some tips to finding the right reliable and accredited PEO to partner with your company.

Find the Right Services

It’s important to find a reliable and accredited PEO but it’s also important to find one that has the right HR management services and resources for your needs. With the large volume of PEO companies available to choose from, you don’t want to have to research the backgrounds of every single one. Start by finding an HR management company that provides the services that you need for your company and then spend the time doing the background leg work. Once you find a handful of good fits, start digging into the nitty gritty details.

Look at State Requirements

Think about going local when you choose your HR management. The Medical Link is conveniently located in midtown New York City, making it easy to visit our location and work with us one on one. We also provide excellent online resources for those who may not want to come by or are a bit further away. Also, look into your state’s requirements for a PEO. Many states require licensure or registration. The state of New York requires that all PEOs be registered with the state Department of Labor. They also require that each PEO have NYS workers’ compensation and disability insurance, certification of payment of taxes, the content of contracts, and the identity of clients. This makes researching PEOs a little bit easier.

Financial Standing

Since a PEO does HR management for you and manages large financial obligations such as payroll and benefits, take the time to look into a PEOs financial standing. This means checking into previous audits and overall financial stability of a PEO. Audits should be easily accessible and either public record or you can simply ask the company. Any PEO that you would want to work with should be happy to provide their audits and be willing to prove their strong financial standing. This also includes looking into a PEOs record on tax compliance. Because both the company and employees contribute to taxes, you want a PEO that takes this responsibility very seriously. Much of this information can be gained by checking with the state department of labor.

Overall Good Standing

Do your research. Once you’ve narrowed down a couple of PEOs that you are considering, look into them deeply and find out whether or not they are in good standing with a variety of sources. Read up on the PEO company through the National Association of PEOs, NAPEO), the local Chamber of Commerce, and the Better Business Bureau. These are all excellent places to learn more about a PEO through a third party that’s dedicated to being objective about a company’s standing and business practices.

Check References

It may seem obvious, but ask for references and follow up on them. Other companies will let you know what worked for them and what didn’t with their PEO. However, you can only access this info if you take the time to ask. Always be sure to check up with current and past clients before signing up with a PEO.