It hasn’t been easy staying afloat during the pandemic. Even though restrictions are lifted, many companies are still unable to come back to the level of their pre-pandemic operations. If you’re looking for ways to ensure that your organization stays safe, hire the services of a PEO service provider. Here’s how you can benefit from that arrangement and how those benefits can shield your organization from problems that plague businesses during the pandemic.
Changes in the Law
There are laws designed to help businesses that struggle during the pandemic, such as the CARES Act and FFCRA (Families First Coronavirus Response Act). But do you know if your company is eligible for the benefits they offer? You may be qualified for tax credits and don’t even know it. Hire a PEO company in Denver, CO, to help you stay up to date with the latest law changes. That way, you won’t miss out on any possible help or advantages.
The CARES Act offers loans that come with a paycheck protection program. That makes it easier for your company to tackle payroll and tax reports with ease. You won’t need to worry about having to worry about being financially drained in an effort to generate those reports.
Having a PEO company take over your payroll administration makes the task easier. It eliminates problems and mistakes. Mistakes in the payroll could make your employees unhappy and demotivated with their work. That could compromise their engagement and motivation, leading to lower productivity levels. If you want your team to keep delivering peak performance, address those payroll problems. Hire a team that can make those issues go away.
Two of the most important functions of your HR team is to hire and fire employees. Some companies that fire people only to rehire them later know how much paperwork that will generate. If that does happen to your company, you’ll need help. Find an HR team that can handle those processes. A PEO company is in the perfect position to ensure your organization stays compliant.
Partner with a PEO company if you want access to a full-service HR team. They’re equipped to handle a host of HR tasks. If you don’t want to hire an in-house team, or yours is already overworked, start looking for a PEO company.
When you work together with a PEO company, you make it possible for your employees to enjoy better insurance options and coverage. The rates are likely to be much more affordable, too.