7 Best PEO Companies in Florida, FL Compared (2020)
You may have heard about how a Professional Employer Organization or PEO can help your small and medium-sized business in Florida bloom by improving efficiency and reducing costs. And this is through outsourcing human resources functions to them.
That’s right. PEOs are what you need if you want to run your growing business without disrupting HR operations. We are offering this guide because there are many factors to consider when choosing the right PEO for your Florida business.
If you want to learn more about Florida PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF FLORIDA PEO SERVICES:
Florida businesses can reap countless benefits from PEOs in many ways, especially if it’s the right one. A quality PEO service provider can handle all HR tasks with ease and lighten the burden of having to deal with your employee’s issues directly. They provide you with free time to focus on other more important things to grow your business.
Some of the functions PEOs handle include general HR services, benefits administration, regulatory compliance, worker’s comp issues, payroll management, and other administrative services in full. Therefore, you can expect a cost-effective and more effective HR department.
FACTORS FOR EVALUATION OF A FLORIDA PEO SERVICE:
PEO services vary by provider, and that’s why they need a thorough look to know everything about them. Luckily, we have made it easier for you by considering each of the following services and features when reviewing each PEO in Florida:
- 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
There are numerous PEOs in Florida, so you’ll want to keep the factors above in your mind when selecting a PEO provider on your own.
BENEFITS OF USING A PEO IN FLORIDA
Insurance Cost Savings – PEOs have a way of negotiating benefit costs through lower health insurance costs, which can save you a lot of money.
Less Paperwork – Paperwork takes forever to complete, and that’s why you need a PEO service provider that will automate everything, and go paperless.
Compliance and Legal – PEOs can manage all your compliance and legal issues with your employees and abide by the regulations and laws in Florida.
FAQ ABOUT PEO COMPANIES IN FLORIDA:
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? – You can take advantage of time-saving tools and services. They also manage HR compliance and risk-aversion practices, and we can’t assume the excellent benefits they offer your employees.
How Much Does It Cost to Use A PEO in Florida? – Businesses will pay an annual fee that’s between $1000-$2000 per employee to use a PEO service provider in Florida.
How Does a PEO charge? – PEOs can either charge a straight admin fee (preferred) or a percentage of the overall payroll per employee.
Does it Cost Money to Switch to a PEO? – Yes, and a switch to a PEO costs about $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – Most PEOs take about three to six weeks to get started, with the average time being four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, and it solely depends on the PEO service provider you chose to work with, and the type of HR help you need.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but it’s quite rare, and only possible with few exceptions.
Is There Anything Special to Consider When Looking at Florida PEOs? – You should work only with a PEO that knows its way around Florida, and other state’s laws and regulations, especially if you’re looking to expand your business to another state
What is the Best PEO in Florida? – There are many PEOs in Florida that you can choose to solve all your HR problems. Meanwhile, check out our state-based PEO guide here.
If you want to give your Florida business the highest chances of success, then you should consider working with a PEO that meets all your HR requirements. We can help you get the right PEO for your business by completing the comparison tool above or reach out to talk to one of our PEO specialists.