Factors To Consider When Selecting Best PEO For Small Businesses
- It must be a certified Professional Employment Organization (CPEO)
As of 2017, professional employment organizations are qualified to become certified through the IRS (thus Certified PEOs). This voluntary certification means the organization satisfies certain requirements regarding tax compliance, experience, business location, financial reporting, bonding, and other things. Certified PEOs take on more responsibilities with regard to payroll administration, federal employment tax reporting, and payments of their clients.
Not every PEO will qualify for CPEO status, nor are all of them are ready to take part in the severe processes required to become a CPEO. Those that do demonstrate their commitment to maintaining operational integrity and a high level of service—which will only benefit you as a client. By choosing a CPEO you can rest assured that:
- It is definitely a well-run organization.
- It has high moral standards.
- You’ll have access to world-class product services.
- You get second-to-none customer service.
- It is an ESAC-accredited PEO.
We believe the best PEO companies for small businesses are accredited through the Employer Services Assurance Corporation (ESAC). ESAC accreditation is the standard for knowing the PEO best practices and financial reliability; only about five percent of PEOs have earned this distinction.
At Colorado Payroll Services, our clients view us as a trusted advisor. To earn that trust, we bring to the table competencies and accreditations from different professional organizations under the HR umbrella, including (ESAC) accreditation.
- It Offers best-in-class benefits
One of the key reasons small and medium-sized businesses select to work with PEOs is to attain economies of scale: In a coemployment relationship with a PEO, employers can get access to health plans they may not otherwise be able to provide their employees.
- It has a reputation for stellar client support
The best PEOs have noteworthy client support—a team that know your business, knows you as a person and not a client number, and works to be flexible with you as your company expand and bring about change.
This description fits our Colorado Payroll Servoces team to a T. We strive to ensure things are simple and transparent, and our specialists won’t ever leave you hanging for answers. We’re always here when you and your employees require our services, and we know you by name.
- It prioritizes technology
PEO services for small businesses should include a technology platform that has suitable features and is easy to use for clients, employees, and managers. Colorado Payroll Services provides a secure, web-based portal for managers and employers and allows appropriate user-level access based on organizational roles (so different people can do different things based on their needs).
Our customers save a lot of time with industry-leading, mobile-enabled technology for handling your HR, benefits, and payroll needs, too.
Contact Colorado Payroll Services today and our experts will help you with all matters to do with PEO.