The Top Five Things to Ask of Prospective PEO Provider!

Small business owners are tasked with all kinds of different projects and duties. Obviously, they want to build a strong business, with skilled and reliable employees, and a large customer base. This isn’t the kind of thing that happens overnight and often a little help is needed.

After some ups and downs it may become apparent to small business owners that the "help" they require can’t actually be found within in their company. Instead, the answer may lie in outsourcing in the form of a PEO provider. Professional employment organizations are able to assist in all kinds of tasks such as HR management, payroll services, HR compliance, and more. However, before jumping in it’s important to prepare yourself and form some basic questions as you search through various PEO providers.

In this story we’ll take a look at the top five things you need to ask in order to find the right PEO. So let’s get started.

Cost

This is usually ranked as the top question you need to ask when you are looking at potential PEO providers. You need to be really specific with this question, however. Be sure to ask for a detailed quote in writing that clearly explains what services are provided, what may be counted as "extras", and what these extras would cost. You don’t want to be faced with any surprises on your bill, so it’s best to get everything out in the open immediately.

Customization Options

This question actually fits hand-in-hand with cost. It’s helpful to know if the PEO offers customization of their packages and services. This will give you a chance to really build a service offering that fits your specific needs.

Your Involvement

Because a PEO takes over the task for you off-site, it’s important to discuss what your involvement will be. What is expected on your end? How often will you need to be in touch with the Peo provider, how often will they be in touch with you? You may wish to be involved, then again maybe you’d like to be left out of things completely. Both parties need to be on the same page and in agreement before anything is signed.

Background Information

It’s also important to get some background information on the PEO. Asking such questions as:How long have you been in business?What size companies are you used to dealing with?How do I know you’ll still be in business a year from now, or two years from now?Reassurance that they are reliable.Do they have clients in your specific industry?

Will It Bring Down Healthcare Premium Costs?

A big trend is for small businesses to secure the services of PEO providers so they can bring down the cost of health insurance premiums. With that said, you’ll want to discuss it with potential providers in advance to ensure that they will in fact be able to do this.

Only When You’re Ready

You should never feel rushed to sign with a PEO providers. Instead, take your time, go through all your questions, and only when you’re ready and feel confident in your choice should you go ahead.

Contact Dinsmore Steele for HR Outsourcing, Professional Employer Organizations (Peo) Call 888-973-6276 or email us info@dinsmoresteele.com