7 Best PEO Companies in Missouri, MO Compared (2020)
To grow your small or medium-sized business in Missouri, you need to partner up with a PEO or Professional Employers Organization that understands your HR needs. A good PEO helps your business bloom by negotiating benefits for your employees, and also reduces operating costs.
They offer services such as hiring, training, tax filings, expense reporting, and other administrative HR tasks. Finding a PEO that meets all your business needs is not easy. To help with this, we are offering this handy guide about PEO companies that operate in Missouri.
If you want to learn more about Missouri PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF MISSOURI PEO SERVICES:
Your business in Missouri can reap significant benefits from using a PEO in many different ways. A good PEO is one that can handle standard HR requirements for employees with ease and efficiency.
PEOs can also help with the onboarding of new employees, training, firing, and other additional services that keep your business operations simple. They have a large pool of clients, which makes them negotiate better rates through reduced health insurance costs and workers comp coverage.
FACTORS FOR EVALUATION OF A MISSOURI PEO SERVICE:
There are many factors to weigh and investigate before choosing a PEO service provider for your business. We have made the search easier for you. Here are the services and features we used when reviewing each PEO in Missouri.
- 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 Missouri, and to locate the right one for your business, consider the above criteria.
BENEFITS OF USING A PEO IN MISSOURI
Insurance Cost Savings – PEOs possess superior bargaining power, primarily through negotiating better rates with benefits providers. A PEO can save you money through reduced health insurance costs.
Less Paperwork – Paperwork is tiring, and a PEO can offload that burden by keeping paperwork to a minimum.
Compliance and Legal – A PEO can help your business navigate through strict Missouri regulations, and manage all compliance and legal issues regarding your employees.
FAQ ABOUT PEO COMPANIES IN MISSOURI:
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 will be able to use their time-saving tools and services. Additionally, a PEO will offer HR and risk-aversion support for your business. They can also ensure you attract better talent through the provision of better benefits.
How Much Does It Cost to Use A PEO in Missouri? – Larger businesses can get a better deal, but it costs about $1000-$2000 per employee per year to use a PEO in Missouri.
How Does a PEO charge? – Many PEOs either charge the preferred straight admin fee or a percentage of the overall payroll per employee.
Does it Cost Money to Switch to a PEO? – Yes, and a setup fee usually ranges from $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? – PEOs have a waiting time that is between three to six weeks. But you can expect an average time of four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, but it depends on the HR support you need for your business, and the PEO you choose to work with.
As the Founder, Should I Pay Myself Using a PEO? – Yes, with rare exceptions.
Is There Anything Special to Consider When Looking at Missouri PEOs? – The first feature to consider is whether a PEO can work its way through all regulations and laws in Missouri. It would be best if you had a PEO that will streamline all the core functions of your business.
What is the Best PEO in Missouri? – Missouri has different PEO options that are readily available for your business. Check out our state-based PEO guide here.
You can make the most from your Missouri business by relying on the excellent services of a PEO that you can trust. We can help you decide on a PEO by first answering the comparison form above, or reach out to talk to one of our PEO consultants for the additional help.