What are the Benefits and Potential Drawbacks of Outsourcing to a Local Tampa PEO Company?

why should I hire a peo?
As a business owner, financial officer or human resource manager, the search for a PEO company is certain to raise questions as you evaluate your options. For most small and mid-sized businesses, the options are … continuing to manage HR tasks and payroll ‘in-house’ … or to outsource it to a team of professionals who can perform those tasks for you.

*Note: many smaller companies in Tampa Bay and around Florida have already worked with PEO companies in the past and are now evaluating the option of staying with their current provider or are ‘shopping’ for another PEO firm to partner with.

A look at pros and cons…

For many companies, the pros outweigh the cons…but as each company is different and requires different levels of services, it’s important to outline benefits and drawbacks.

Benefits of using a PEO:

  • Fewer hours devoted to employee related administrative tasks
  • Fewer mistakes made, especially with payroll and tax reporting
  • The legal protections available under a PEO/Partner agreement
  • Cost saving within your plan and better benefits for your employees
  • With a local Tampa firm, we are accessible within Tampa Bay as well as around the state of Florida

Cost saving and better benefits – they are quite often the deciding factor for many companies when choosing a PEO. Similarly, the personal relationship and level of customer service provided by the PEO firm is extremely important to decision makers.

Some things to consider:

  • Business owners may feel like they are giving up control of a part of their business they’ve been used to managing
  • Potential for occasional healthcare changes in order to save money; change can be frustrating for employees
  • The potential for a decreased level of personalized service when employee benefits are outsourced
  • Not fully understanding the costs involved in outsourcing HR and Payroll tasks — or asking the right questions to gain clarity

Generally, most business owners realize that, while they are giving up some level of control, they’re doing so with a piece of business they did not really enjoy managing. It also frees them up to spend time on tasks they would prefer doing. To discuss your specific needs with our PEO experts, please contact us today.

What are the main HR tasks that are being outsourced?

At Value PEO, we manage the human resource responsibilities for busy business owners who don’t have time to — or don’t want to – manage themselves.

The main benefit is that a PEO company will allow you to focus on managing the core parts of your business while we manage human resources and employee related tasks. The reality is that many small and mid-sized businesses find it difficult to ‘manage everything’ and are more effective, more productive and happier when they can outsource their employee administration.

A look at what clients say about PEOs…

“As someone who was managing the books for a small company of 25 employees, I could not justify a salary for an HR person. By using a PEO, we were able to get better health insurance and better benefits than we would have on our own.”

“Working with a PEO allows you to not do the things you would otherwise have to do yourself — or hire someone else to do — plus they do it faster and without mistakes.”

“I think PEOs are best for companies that have limited resources for accounting and HR – like restaurants, mom and pop businesses and companies with less that 50 employees.”

“If you’re a Tampa Bay company, when you are selecting a PEO, it’s really important to consider if they are local — it will impact how much individual attention they provide (like actually coming to your workplace) … and what their personalities are … are you able to work closely with them during this relationship?”

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.

Tired of Doing Payroll?

  • We handle Payroll Admin and HR for you
  • Save time, frustration and money!
  • Pay your employees on time and correctly
  • Stay compliant with State and Federal taxes filings

We partner with Florida Business Owners who need help better managing their Payroll and HR tasks.

Get a Free Quote today! Enter your email below for a quick response.

Free Rate Quote!