Popular PEO Questions
-
What is a PEO?
A PEO stands for Professional Employee Organization. Here is a short video that we hope explains it best.
-
Why choose BestFit?
Because of the Knowledge, expertise and connections of the Bestfit team.
Our founder helped establish the PEO industry. With over 35 years of experience as a leader in the PEO industry he knows how PEOs work and how they are essential to growing small and medium-sized business. With Jay Mincks as our founder we are able establish credibility and connections that are far surpassing what a PEO sales person or other Broker can offer.
Our President Nate Olsen, has over 25 years of experience as a leader in the PEO industry. His goal is to make PEOs more accessible to business owners. By joining BestFit he has developed a method of partnering with PEOs that empowers business owners to choose PEOs by what fits their business.
Gabriel Cuellar our vice-president of operations has over 25 years of comparing agreements with businesses and PEOs. His team is there to coach you through every step of the way. If you forget to ask the question, his team will with goal to find your business the best fit.If you are small to medium sized business concentrating on grow and being competitive in the job market it would be a loss to not go with a PEO, but don't go it alone and do go without BestFit.
-
How does a PEO help streamline HR processes and save costs for my business?
A PEO can centralize various HR functions, including payroll, benefits administration, and compliance management. By leveraging economies of scale, PEOs can often negotiate better rates for benefits and insurance, leading to cost savings for your business. This enables you to focus on your core operations while efficiently managing HR tasks.
-
What factors should I consider when evaluating the quality of healthcare benefits offered by a PEO?
Look for a PEO that provides a range of healthcare options catering to your employees' diverse needs. Evaluate the network coverage, provider options, and the flexibility to customize plans. Additionally, consider the PEO's track record in managing and controlling healthcare costs, as this will impact both your budget and employee satisfaction.
-
How can a PEO contribute to employee satisfaction and retention?
PEOs often offer comprehensive employee benefits packages, including health insurance, retirement plans, and wellness programs. These offerings can enhance overall job satisfaction and contribute to employee retention. Additionally, by handling administrative tasks efficiently, a PEO frees up your time to focus on strategic initiatives that positively impact employee engagement.
-
What compliance and regulatory expertise should I expect from a reputable PEO?
A reliable PEO should have a deep understanding of local, state, and federal employment laws. They should keep abreast of regulatory changes and ensure your business remains in compliance. This expertise is crucial in mitigating legal risks and avoiding potential penalties. Inquire about their compliance track record and how they stay informed about evolving regulations.
-
Can you explain the onboarding process, and how quickly can a PEO integrate with our existing HR systems?
The onboarding process with a PEO should be seamless to minimize disruption. A reputable PEO will have a well-defined onboarding plan, including data migration and system integration. Timeframes can vary, so it's essential to discuss the specific needs of your business and understand the PEO's capabilities in adapting to your existing HR systems. A smooth transition is crucial for maintaining operational efficiency.
Drawing from my experience, I confidently endorse BestFit PEO Solutions. With their seasoned consultants and years of expertise in collaborating with reputable PEOs, they connected me with a PEO provider offering tailored technology and services that perfectly align with my business requirements and support my employees.
Noah Stone,
CEO, The Joint Chiropractic