Top 10 Best PEO Companies in New Jersey (for 2020)
Whatever your business is doing in New Jersey, it deserves to have a leg up on the competition near and far, and that means taking time to determine what you might be able to do. New Jersey is a great place to have a business considering its location, on average affluent population, and tourism and natural resources, but you still won’t have time to take it easy.
PEO SERVICES PROVIDERS OVERVIEW – NEW JERSEY
Many features should stand out even with the benefits your New Jersey business can get. A top-rated PEO will handle your day-to-day HR responsibilities for your staff, and streamline all the core business services.
PEOs can also help your company with the onboarding of new employees, training, expense reporting, tax filings, and many other services you may not expect. They can also help your workers to get better rates on workers’ comp coverage and health insurance costs.
EVALUATION PROCESS OF THE TOP-RATED PEO COMPANIES IN NEW JERSEY
There is a lot to unpack from the list of services and features to expect from a PEO company. To help with this, here are the items we placed in consideration when reviewing each PEO in New Jersey.
- Tax and payroll processing.
- HR management and consulting support
- HR regulation compliance assistance or management
- Workers compensation insurance
- Health insurance options and support
- Safety compliance and risk management
- Time, attendance, and productivity tracking tools
- Recruiting and onboarding support
- Customer service and feedback
- Additional specializations
If you decide to do comparison shopping for your business in New Jersey, then the recommendations above are a great place to start.
ADVANTAGES OF USING A PEO IN NEW JERSEY
- Less Paperwork – Do away with the time-consuming paperwork by using a PEO that always targets to keep it to a minimum.
- Saving on The Insurance Cost – By using a PEO, your New Jersey business can save money through their enhanced bargaining power that allows your business to offer lower health insurance costs and many other benefits.
- Handling Compliance and Legal issues – A PEO can work with the reams of New Jersey regulations, and also handle all compliance and legal issues raised by your employees.
PEO COMPANIES IN NEW JERSEY – FAQs
What is a PEO? – A PEO or Professional Employer Organization is an entity or a company that you can outsource your HR tasks, such as personal and employee management. They also handle tax and payroll processing, onboarding of new employees, training, employee wellness programs, insurance, tax forms and payments, and many other administrative tasks.
What are the Advantages of Using a PEO? – You can expect your employees to have access to better benefits and also get a chance to use their time-saving tools and services. PEOs also manage your risk-aversion and HR compliance needs.
What Should I Consider When Choosing a PEO in New Jersey? – You will want to select a PEO that knows and understands all the regulations that are there for your New Jersey business. Get one that can handle your employees’ compliance and legal matters while abiding by the state’s laws and regulations.
What is the Total Cost of Using a PEO in New Jersey? – An employer is required to pay an annual fee that is between $1000-$2000 per employee.
How Long Does It Take a PEO to Get Started? – First, it depends on the PEO, but the startup time is usually between three to six weeks, with an average time of four weeks.
What are the Charges for a PEO? – A PEO can either choose to charge the preferred straight admin fee over a percentage of the overall payroll per employee.
Is There Any Cost to Switch to a PEO? – There is a setup fee that depends on your business size, but it usually ranges from $1000 to $15000.
As the Founder, Can I Pay Myself Using a PEO? – Yes, it’s possible with some business structures.
As the Founder, Is It Possible to Get Health Insurance for Myself and My Family? – It solely depends on a PEO and the type of HR support you’re getting.
Which is the Top-Rated PEO in New Jersey? – Every business in New Jersey has unique and varying needs. Check out our state-based PEO guide here.
There is no shortage of excellent PEO service providers in New Jersey. It might seem like this makes things easier for you, but in many cases, it only makes finding the perfect fit for your business even harder. Yet only you know what your business needs, so take notes on your priorities, goals, and what your employees need. If you do this, we’re confident that you will be able to use the above information to make the right choice for your New Jersey business.