Do You Need Help Managing Human Resources and Payroll for Your Tampa Startup?
We know what starting a business is like in Tampa Bay — and it’s not easy!
There are a lot of ‘moving parts’ that can be difficult to manage — like sales and marketing, operations, human resources — and all of that on top of the actual day to day activities of actually doing whatever it is your new startup is focused on.
The main benefit that PEO companies like Value PEO offer to new businesses is that we allow our clients to focus on managing the core parts of their business while we manage payroll administration, human resources and other employee related tasks.
The reality is that many smaller businesses find it frustrating when they have to ‘manage everything.’ A startup that’s focused on a new software is more inclined to want to spend his time working on the actual software…and not on the making sure tax forms are filled out correctly.
Very quickly, small business owners realize that they are more effective and more productive when they can outsource their employee administration.
What HR Tasks can Tampa Startups Outsource?
The services we provide to small and mid-sized businesses in Tampa Bay and throughout Florida, include:
For example, if a downtown Tampa website development company decides to add 2 new people to the 5 employees they currently have, the owner of the company may just decide that it’s also a good time to find a partner that can help with a variety of HR tasks.
Instead of hiring an HR person (which they really can’t afford anyway), they’re able to outsource the day-to-day responsibilities of their HR. It’s just easier and more efficient knowing that a PEO firm will expertly manage the payroll, file taxes forms and advise on benefits options.
There are Local Startups in Every Industry
We tend to think of startups as ‘hip’ software companies, but the reality is that startups are often launched in Tampa by people who have years of experience in an industry and who’ve determined that they can do something better — or provide something better — than what currently exists.
For example, local voice over internet company, TeleVoIPs in Brandon, Florida helps other local businesses save money on their monthly phone bills. BlueGrace Logistics in Riverview, FL started just a few years ago with 8 employees and now offers transportation management for other companies across the country.
Startups could easily be commercial landscaping companies, junk removal companies or a specialty restaurant or mobile food truck.
Managing Payroll Administration for Startups
One of the key concerns for startup companies in Tampa is how they properly manage their payroll. Will it be paid on time? Are paychecks accurate, in terms of payment and withheld taxes? Are local, state and federal taxes filed and paid correctly? Who is keeping an account of vacation and sick days for every employee?
It’s these details that bog down a business owner and their admin staff. Outsourcing these functions — and the responsibility that goes along with it — is a key benefits to hiring a PEO company.
Being Your Human Resource Department
For many smaller companies, human resources is considered an afterthought. If a company does not have a designated HR person, those tasks are either managed by the business owner or share among various employees. This can lead to an inefficient strategy and leave the company open to unforeseen HR issues — like unemployment claims, employee background checks and legal assistance if problems arise.
Value PEO acts as your ‘off-site HR department’ by offering consultation in a number of key areas.
Local Tampa Resources for Small Business Startups
NAPEO (the National Association of Professional Employer Organizations), on their website, succinctly outlines why a business would use a PEO: Business owners want to focus their time and energy on the “business of their business” — that’s probably something that most Tampa Bay startup businesses completely understand — especially as many new businesses are focused on providing a service for other businesses that streamlines tasks or makes their clients more efficient. That’s exactly what a PEO company can do as well.
- Tampa Bay Business Journal for local business news and insights
- Office Furniture 911 for affordable, used office furniture
- CoWorkTampa is a creative community workspace for entrepreneurs, startups
- HuB in Sarasota offers workspace for growing companies
- Video production services from Lucky Lemon Films helps gets your visual message out
- My Startup Tampa Bay helps you navigate the ecosystem and discover why Tampa Bay is the best place to launch your business
- Tampa Bay WaVE‘s business accelerator is for companies looking to build, launch and grow
Learn more about our PEO services
At Value PEO, our customized programs can offer tremendous cost savings when compared to the expense and frustration of self-administration. Ready to learn more about how we can help? For more information, please contact us at (888) 936-5983.