Business owners in Texas are always looking for new and creative ways to reduce operating costs and streamline day-to-day operations. While there are many approaches one can consider to do this, one of the most effective and sustainable among them is leveraging a partnership with a Professional Employer Organization, or PEO.
PEO’s often have vast HR expertise and proven experience in payroll processing, benefits management, and more. Your small- or medium-sized business in Texas can take advantage of this expertise and experience, resulting in lowered costs of doing business as well as increased overall efficiency. To help you choose the right PEO for you, we’ve arranged this brief comparison of the top three PEO’s that serve Texas .
Editor’s Note: Want a professional report of the five best PEO’s for your organization? Complete the form below, and a PEO specialist will contact you with more information:
HIGH-LEVEL OVERVIEW OF TEXAS PEO SERVICES:
Texas being a large state, your business can reap significant benefits by using a PEO in many ways than you could ever imagine, although some things are most important. The right PEO is one that can handle standard HR tasks for all employees at every level.
They can also help with services, such as benefits administration, tax filings, payroll processing, workers comp management, compliance, and risk mitigation support. PEOs are what you need if you want to enjoy better rates for health insurance costs for your employees.
FACTORS FOR EVALUATION OF A TEXAS PEO SERVICE:
Getting a good PEO that covers all your needs is not easy at all. That’s why you need to know the factors to check first before committing yourself to a single PEO company. Here are the services and items we used when reviewing each PEO in Texas.
• Tax processing
• Payroll processing and payroll taxes
• Health insurance options and support
• Workers compensation insurance
• HR regulation compliance assistance or management
• HR management and consulting support
• Recruiting and onboarding support
• Safety compliance and risk management
• Time, attendance, and productivity tracking tools
• Customer service and feedback
• Additional features and specializations
There are many PEO in Texas for your business. But if you want to look for one on your own, then consider the above criteria.
BENEFITS OF USING A PEO IN TEXAS
Insurance Cost Savings – PEOs can save you lots of money through lower health insurance costs because they have a large pool of clients where they can negotiate better rates for your employees.
Less Paperwork – PEOs can relieve the terrible paperwork through the use of their automated technologies in place.
Compliance and Legal – Some different laws and regulations govern the Texas state, and with a good PEO, your business can abide by them no matter where it’s located. They can also tackle all your compliance and legal issues raised by employees as quickly as possible.
FAQ ABOUT PEO COMPANIES IN TEXAS:
What is a PEO? – A PEO (Professional Employer Organization) provides a business with a platform where they can outsource their HR tasks, such as employee and personnel management. They manage businesses’ payroll, employee wellness programs, onboarding new employees, tax forms and payments, insurance, and many other benefits.
What Are the Benefits of Using a PEO? – You have the freedom to use their time-saving tools and services and also have your HR compliance, and risk-aversion practices handled the best way as possible with reduced costs.
How Much Does It Cost to Use A PEO in Texas? – A business will pay a fee that’s between $1000 – $2000 per employee per year to use a PEO in Texas.
How Does a PEO charge? – A PEO either charges the preferred simple admin fee or a percentage of the overall payroll per employee.
Does it Cost Money to Switch to a PEO? – Yes, and a switch costs about $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – A PEO has a startup time of three to six weeks, but most of them usually take a maximum of four weeks to get started.
Can I Get Health Insurance for Myself and My Family as the Founder? Likely yes, but it depends on the PEO you choose to work with.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but very rare, and it also depends on your organization structure.
Is There Anything Special to Consider When Looking at Texas PEOs? – You should base your search on an excellent PEO with your HR needs. Getting one that understands Texas laws and regulations is an added advantage.
What is the Best PEO in Texas? – Texas is a large state with many PEOs widespread in the area. Check out our state-based PEO guide here.
Enjoy Texas by placing your business to the careful hands of a PEO service provider. Use our comparison tool above, or contact us for a quick consultation on which PEO company in Texas will suit your business the best.