7 Best PEO Companies in Colorado, CO Compared (2020)
Colorado business owners are continually looking for the best HR solutions that involve providing their employees with better benefits, while still reducing costs within their organizations. One of the most effective ways to achieve this is to outsource your HR services to Professional Employer Organizations, or PEOs.
Some of these services include benefits management, payroll process, tax filing, and other enhanced services like employee development, training, and hiring. We have compiled this brief guide to help you choose the right PEO for your business in Colorado.
If you want to learn more about Colorado PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF COLORADO PEO SERVICES:
Most businesses in Colorado can take advantage of PEOs, which in turn, handle all HR tasks and payroll services to ease the burden of having to sort your employee’s issues on your own. Other essential HR functions include benefits acquisition and management, necessary tax filings, workers comp management, and compliance and safety assistance.
Getting the best PEO company in Colorado will have you running your business smoothly with fewer hassles, and you can expect better rates for health insurance and workers comp.
FACTORS FOR EVALUATION OF A COLORADO PEO SERVICE:
Sometimes, it can be confusing and, at the same time, hard to know which services to check when selecting a PEO service provider. Don’t worry, we have got your sorted out with the following services and features that we used when reviewing each PEO in Colorado.
- Tax processing
- Payroll processing and payroll taxes
- Health insurance options and support
- Workers compensation insurance
- HR regulation compliance assistance or management
- HR management and consulting support
- Recruiting and onboarding support
- Safety compliance and risk management
- Time, attendance, and productivity tracking tools
- Customer service and feedback
- Additional features and specializations
If you’re not fully satisfied with our recommendations, then you can use the above standard services to select a PEO company in Colorado that best suits your business.
BENEFITS OF USING A PEO IN COLORADO
Insurance Cost Savings – A PEO can negotiate betteremployee’s rates through reduced health insurance than you could on your own. You can save money with a PEO service provider.
Less Paperwork – Nobody loves paperwork, and that’s where PEOs come in with their automated services to minimize the amount of paperwork in your company.
Compliance and Legal – PEOs ensure that your business abides by state regulations and laws in managing your compliance and legal issues.
FAQ ABOUT PEO COMPANIES IN COLORADO:
What is a PEO? – A PEO (Professional Employer Organization) provides a business with a platform where they can outsource their HR tasks, such as employee and personnel management. They manage businesses’ payroll, employee wellness programs, onboarding new employees, tax forms and payments, insurance, and many other benefits.
What Are the Benefits of Using a PEO? – With a PEO, you can enjoy using their time-saving tools, risk-aversion practices, and HR compliance and legal management. They also offer a lot of benefits to your employees.
How Much Does It Cost to Use A PEO in Colorado? – You can pay an annual fee of between $1000-$2000 per employee to use a PEO company in Colorado.
How Does a PEO charge? – PEOs come with two payment plans, and they include a straight admin fee that is preferred to the percentage of the overall payroll per employee.
Does it Cost Money to Switch to a PEO? – A switch can cost you a fee that ranges from $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – A PEO can roughly take between four weeks to six weeks to have everything running in no time.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, you can, but it depends on the type of HR support you need and the PEO you chose to work with.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but with few exceptions.
Is There Anything Special to Consider When Looking at Colorado PEOs? – You should consider working with a PEO that knows all Colorado’s regulations and laws to avoid problems along the way of your business success.
What is the Best PEO in Colorado? – There are a lot of options for PEO companies in Colorado. Check out our state-based PEO guide here.
It would be best if you gave your company the highest chances of success by all means by choosing a PEO that suits your Colorado business best. You can contact us to talk to one of our PEO consultants or request a PEO comparison report by putting your business details on the comparison tool above.