Top 10 Best PEO Companies in Texas (2020)
There’s something about Texas, its cities, and its land that just speaks the language of opportunity, and we want you to make sure that you’re able to take your business to the places you want it to go. And since the state is low on red tape and generally allows small businesses to thrive, there’s no time like the present.
PEO SERVICES PROVIDERS OVERVIEW – TEXAS
Texas businesses can reap significant benefits from using a PEO in many ways, but there are items you want to look at first. A good PEO will be able to handle all your standard HR needs that include onboarding of new employees, training, firing, benefits administration, tax filings, risk mitigation, and many more.
You should expect a PEO company to give you better rates on workers’ comp coverage and health insurance costs because they have a massive pool of clients and possess superb negotiation skills with benefits providers.
EVALUATION PROCESS OF THE TOP-RATED PEO COMPANIES IN TEXAS
There are many factors to place into consideration when evaluating a Texas PEO service provider, and each element is vital in how well a PEO will offer ultimate HR solutions. Here are the services we considered when reviewing each PEO company in Texas.
- 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
Use the above criteria whenever you feel like you can get yourself a good PEO company for your Texas business.
ADVANTAGES OF USING A PEO IN TEXAS
- Less Paperwork – Stay away from piles of paperwork by using a PEO that utilizes its automated services to keep it to a minimum.
- Saving on The Insurance Cost – Besides a PEO saving you time, they can also reduce operating costs through lower health insurance costs.
- Handling Compliance and Legal issues – A PEO can work with confusing Texas regulations, and still manage all your employees’ compliance and legal issues with ease and to full effect.
PEO COMPANIES IN TEXAS– 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? – The primary advantages of using a PEO are the use of their time-saving tools and reduced HR costs. They also provide better benefits to your employees and still handle risk-aversion and HR compliance practices.
What Should I Consider When Choosing a PEO in Texas? – Given the number of regulations and laws found in a large state like Texas, you need to work with a PEO that has vast experience in navigating through local regulations.
What is the Total Cost of Using a PEO in Texas? – A business can pay an annual fee of about $1000- $2000 per employee to use a PEO in Texas.
How Long Does It Take a PEO to Get Started? – On average, we anticipate that a good PEO will take at least four weeks to be running in no time.
What are the Charges for a PEO? –You can find a PEO charging a percentage of the overall payroll or a simple admin fee (preferred choice) per employee.
Is There Any Cost to Switch to a PEO? – A setup fee usually ranges from $1000 to $15000, but it also depends on your business structure.
As the Founder, Can I Pay Myself Using a PEO? – Yes, but you should mainly focus on a PEO handling your company’s payroll, and it also depends on your organizational makeup.
As the Founder, Is It Possible to Get Health Insurance for Myself and My Family? – Yes, but you can find some PEOs offering this option, while others don’t.
Which is the Top-Rated PEO in Texas? You can find many PEOs companies in Texas, and each of them works differently for any business out there. Check out our state-based PEO guide here.
Finding the right PEO companies for your business can be a challenge for some, but we hope that with the above information and some time taken to evaluate exactly what your business needs you’ll be able to find a solution that works for you, your business, and your employees. Remember that you might not need every service offered, and with employee minimums and specific industry needs not every company will be for you. This is all part of the process, and we hope that with a bit of time and effort you’ll be moving forward in business growth soon.