Tampa PEO: Affordable & Customer Service Focused
Tired of trying to manage your business, your employees and your human resources administrative tasks all by yourself?
Value PEO Helps Companies in Tampa and Throughout Florida
We can help! Everyone loves payday, unless you’re the ones dealing with calculating tax payments, job costing analysis and making sure direct deposits get submitted before cutoff!
What is a PEO?
Companies like Value PEO are called professional employer organizations or PEO’s. Very simply, we provide HR-related services to small and mid-sized businesses, including:
The main benefit that PEO companies offer is that we allow you to focus on managing the core parts of your business while we manage human resources or employee related tasks.
The reality is that many smaller businesses find it difficult to ‘manage everything’ and are more effective and more productive when they can outsource their employee administration.
For example, a local Tampa HVAC Repair company with 25 employees is really good at servicing residential and commercial heat and air conditioning systems. But when it comes to marketing, accounting or managing the day-to-day responsibilities of their HR, it’s just easier and more efficient to let a PEO expert help.
What kind of Tampa companies use PEO’s?
The answer is, almost any kind of business can benefit from PEO services. Generally, our services make sense for small or mid-sized companies that can’t afford or don’t want to hire a full time HR person.
Some examples include:
- Restaurants and cafes
- Landscaping companies
- Doctors, dentists and other medical and healthcare providers
- Lawyers, CPA’s and other professional service providers
- Engineering, architecture and construction firms
Most business owners will attest to not enjoying the management of human resources admin. They know it takes time and can be frustrating. And certainly, there is always the potential for check-runs to be missed or employee benefit forms to not be filled out or filed correctly.
Most PEO’s work with companies between 5 and than 50 employees. Companies with less than 5 employees can be managed by the business owner without it taking too much time.
And conversely, an operation with more than 50 employees will likely bring on a full-time HR manager as financially it will begin to make sense at this point.
Can PEO’s work with larger companies? Yes. Various tasks can still be outsourced. Please contact our office for more information.
What are the Pros and Cons of Working With a PEO Company?
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
That last bullet point – cost saving and better benefits – is quite often the deciding factor for many companies when choosing a PEO.
Some things to consider:
- Business owners give 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
In the end, 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.
What Does a Tampa PEO Company Cost to Work With?
It’s important to note is that one of the main things you’ll want to consider when it comes to the cost of PEO services, is transparency. Are cost structures outlined and communicated directly and fully?
Also, it’s best when you can choose the HR services that your company needs, and not be required to pay for a bundled package of services that you may not need or want for your employees.
While some PEO firms in Tampa charge a flat fee for their services, others charge fees based on a percentage of payroll. Fees can range anywhere from 2% to 10%. Generally, the fees we charge for clients are around 2.5%, though this varies of course depending on a number of factors for each individual client.
How Do I Choose The Best PEO Company For My Business?
PEO’s and their partner companies generally work well when their relationship is built on trust, the plan is customized to the company’s needs and wants, and the pricing structure for services is beneficial for the company.
If you’re looking for a Tampa PEO company to help you with your employee’s human resources and benefits administration, you’ll want to spend some time researching your options. Word of mouth and referrals from other business owners can play a large role.
Eventually, you’ll be meeting with members of the PEO team, outlining pricing structures and ensuring the service contract is equitable to you and your employees. You’ll want to partner with a company that is experienced, knowledgeable and focused on attending to your needs.
It pays to partner with Value PEO for your payroll processing. Call (888) 936-5983 today!