7 Best PEO Companies in Connecticut, CT Compared (2020)
Running your Connecticut business can give you absurd amounts of stress that can prohibit you from achieving maximum success, especially if you can’t manage your employees and other resources. And that’s why you need an all-in-one company that can lighten the burden for you – a PEO service provider will do
PEOs or Professional Employers Organizations can take care of your benefits administration, payroll processing, and ensure most of the employees’ responsibilities are met and done correctly. To help you in selecting a PEO for your business, we are offering this guide to PEOs that serve in Connecticut.
If you want to learn more about Connecticut PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF CONNECTICUT PEO SERVICES:
Connecticut business owners must consider a few primary services and features when looking for PEO that will streamline all the core services in the HR department. You will want to find a PEO company that can help your employees with any issue that may arise.
PEOs can also help with training, and recruitment of new talents to increase productivity within your business. Also, you can expect to enjoy excellent rates on workers’ comp premiums and health insurance by working with the right PEO.
FACTORS FOR EVALUATION OF A CONNECTICUT PEO SERVICE:
There are quite a few factors to consider before selecting a PEO company in Connecticut. That’s why we did extensive research to make sure you get the correct information you need. Below are the services and features we considered when reviewing each PEO in Connecticut.
- 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
Connecticut has different options for PEOs to choose from, so take your time when making comparisons on your own by considering the factors mentioned above.
BENEFITS OF USING A PEO IN CONNECTICUT
Insurance Cost Savings – PEOs have better bargaining power than you could do on your own. You can enjoy lower insurance costs by using a PEO.
Less Paperwork – Do you hate lots of paperwork on your desk? Then, you need a PEO to minimize the paperwork for you.
Compliance and Legal – You need an excellent PEO that will take care of any compliance and legal issues that can arise in your HR department. They can help you manage your business even in confusing Connecticut’s regulations and laws.
FAQ ABOUT PEO COMPANIES IN CONNECTICUT:
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? –Your Connecticut business can become more efficient through the use of time-saving tools, risk-aversion practices, and reduced cost benefits by using a PEO.
How Much Does It Cost to Use A PEO in Connecticut? – Larger companies get better rates, but you can expect the cost to be between $1000 and $2000 per employee per year to use a PEO in Connecticut.
How Does a PEO charge? – PEOs usually charge a simple admin fee (preferred) or a percentage of overall payroll per employee.
Does it Cost Money to Switch to a PEO? – Yes, a switch will cost you a startup fee that ranges from $1000 t0 $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – The average startup time is usually four weeks, but in some scenarios, it can take six weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – It depends on the PEO you choose to work with and the type of HR help you need.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but it depends on your business organizations’ structure.
Is There Anything Special to Consider When Looking at Connecticut PEOs? – You need a PEO that has experts in Connecticut and operates heavily in the state to ensure that your business strictly abides by the rules and regulations that are there.
What is the Best PEO in Connecticut? – There is no perfect PEO for all businesses, but you can check out our state-based PEO guide here.
We know there are many options for PEO companies in Connecticut, but the right fit is out there. Check out our comparison tool above, or reach out to talk to one of your PEO specialists for the extra help.