7 Best PEO Companies in Massachusetts, MA Compared (2020)
Massachusetts is a populous state where you can start or grow a business, primarily if you can streamline operations and reduce costs. You can foster ongoing business growth by using a PEO to free up time, save you money, and handle all other internal resources.
You need to evaluate many PEOs to know which will suit your business the best, and it can take you weeks or months to arrive at a decision. We have compiled this brief guide to aid you in selecting the right PEO for your Massachusetts business.
If you want to learn more about Massachusetts PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF MASSACHUSETTS PEO SERVICES:
There are a few factors that you must look at first and foremost before selecting a PEO provider that will benefit your business in many ways. A good PEO company will be able to handle any standard HR tasks that might pop up at any given time.
You will want a PEO service provider that will help your business with recruiting, training, reporting, negotiating benefits with providers, and other services as needed by your company in Massachusetts.
FACTORS FOR EVALUATION OF A MASSACHUSETTS PEO SERVICE:
PEOs vary in the services their provider, and to find one that meets all your business needs; you’ll need to consider many factors. We have made the search easier by considering the following items and services when reviewing each PEO in Massachusetts.
- 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
You can find many PEOs in Massachusetts, so it’s vital to know how to evaluate them by their merits by keeping in mind the recommendations above.
BENEFITS OF USING A PEO IN MASSACHUSETTS
Insurance Cost Savings – PEOs have a large pool of clients, and this makes them negotiate better with benefit providers. You can expect your business to run with reduced costs by using a PEO.
Less Paperwork – PEO keeps the terrible paperwork to a minimum to save you time and stress in handling that pile.
Compliance and Legal – You and your manager can rest more comfortably every day when knowing that a PEO has managed all your compliance and legal issues regarding your employees.
FAQ ABOUT PEO COMPANIES IN MASSACHUSETTS:
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? – The main perks of using a PEO are the use of their time-saving tools and services and lower HR costs. They can also handle risk-aversion and HR compliance tasks.
How Much Does It Cost to Use A PEO in Massachusetts? – It costs between $1000-$2000 per employee per year to use a PEO in Massachusetts.
How Does a PEO charge? – PEOs usually charge a percentage of overall payroll or the preferred simple admin fee per employee.
Does it Cost Money to Switch to a PEO? – Yes, it ranges from $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – Most PEOs take between three to six weeks, but on average, we expect a PEO to start working in four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Some PEOs offer this option while others don’t.
As the Founder, Should I Pay Myself Using a PEO? – Yes, with rare exceptions.
Is There Anything Special to Consider When Looking at Massachusetts PEOs?-Massachusetts is home to many types of business, so make sure you get a PEO that will serve you right through knowing its way about state and regional regulations and laws.
What is the Best PEO in Massachusetts? – Each business calls for a different PEO service provider. Check out our state-based PEO guide here.
Before making any long-term decision for your business in Massachusetts, ensure that you have a handful of options for PEOs to work with. You can do that by using our comparison tool above or contact us to talk to one of our PEO specialists in the house. We have all the info and help you may need when choosing a PEO company that suits your business.