Questions to Ask a PEO before Partnering with Them
Are you considering working with a PEO to make your business work more effectively? Once you’ve decided that’s what you want to do, the next step is to find the one you want to work with. Talking to different PEOs to find one that will be a good fit for your business is part of that process. That’s your chance to ask questions that give you the information you need to make your choice. So what questions should you ask?
What Accreditations Do You Have?
Ask about the PEO’s accreditation status. Ideally, the PEO should meet, if not exceed, the guidelines set out by the IRS or Employer Services Assurance Corporation (ESAC). You may find this information on their website. If not, ask about it when you talk to them. Accreditation helps demonstrate the PEO’s financial strength and history. That’s critical information you should know about any company or organization you intend to partner with.
How Do You Keep Sensitive Data Secure?
The nature of the services offered by a PEO means that they’ll have access to some very sensitive data belonging to both your business and employees. Ask the PEO about their data security measures. They should use privacy and security practices, along with technology, that allows them to securely accept, use, and store sensitive data.
What Services Do You Offer?
Perhaps the first questions you should ask are about the services they offer. Your business has specific needs. Maybe you need HR services, payroll services, risk mitigation services, or are only looking to improve your benefits packages. Asking about the services the PEO offers helps you determine if you’ll get your money’s worth out of the partnership. Dive into the details of services offered, especially if you’re trying to offer better benefits. You should know the details of the benefits the PEO provides you access to so you know if they’ll be attractive benefits for your employees.
Working with a PEO can do fantastic things for your business, but only if you find one that will be a good fit for your business. Once you do, you can enjoy benefits like reduced employee turnover, access to superior HR services, and more time to focus on other areas of your business. If you want to improve your employee’s work life and increase your capacity to grow, partner with a great PEO like Quality Payroll.
Are you interested in working with a quality PEO? If so, Quality Payroll is here for you! Click here to contact us today!
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