7 Best PEO Companies in Philadelphia, PA Compared (2020)
Philadelphia is the largest city in Pennsylvania state, and there are a lot of business ventures that you can take advantage of. However, your business may face many challenges during the growth phase, which can delay its success. That’s why you need to use a PEO to help you solve all these hinderances by first handling your HR functions.
PEOs can help small and medium-sized businesses by providing HR solutions through reduced health insurance costs and workers’ comp coverage. Finding a good PEO is a daunting task, and that’s why we are offering this guide to PEO companies that operate in Philadelphia, PA.
If you want to learn more about Philadelphia PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF PHILADELPHIA PEO SERVICES:
The city of Philadelphia has many businesses that can benefit in several ways by working with a PEO. You can expect a good PEO to handle HR needs starting with onboarding of new employees to training and firing.
Other services to check include benefits administration, payroll processing, tax filings, risk-mitigation, handling worker comp, and compliance issues. The best PEOs offer more services than you could ever need, and that’s why you should do extensive research before settling on one.
FACTORS FOR EVALUATION OF A PHILADELPHIA PEO SERVICE:
If you want to use a PEO for your business, then there some primary features you must consider. To help with this, here are the services and features we used when reviewing each PEO in Philadelphia.
- 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 still search a PEO on your own, bearing in mind the above recommendations to ensure that you get one that best suits your business.
BENEFITS OF USING A PEO IN PHILADELPHIA
Insurance Cost Savings – Using a PEO can save you money through reduced health insurance and other operating costs. PEOs have a massive pool of clients, where they can negotiate better benefits for your employees.
Less Paperwork – Getting rid of paperwork is one of the best ways to save time to concentrate on other essential aspects of your business. A good PEO will minimize paperwork by using their automated services.
Compliance and Legal – Philadelphia is a large city with tricky regulations that can prevent your business from achieving maximum success. It would be best if you used a PEO that can handle compliance and legal issues and still abide by the regulations and laws.
FAQ ABOUT PEO COMPANIES IN PHILADELPHIA:
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? – Enjoy using their time-saving tools, and have your HR compliance and risk-aversion practices solved by using a PEO. They also reduce business operating costs through lower health insurance costs.
How Much Does It Cost to Use A PEO in Philadelphia? – A business can pay an annual fee of between $1000-$2000 per employee to use a PEO in Philadelphia.
How Does a PEO charge? –Usually, a PEO can charge a percentage of overall payroll or a simple admin fee (preferred) per employee.
Does it Cost Money to Switch to a PEO? – Yes, it usually ranges from $1000 to $15000.
How Long Does It Take to Get Started Once I Choose a PEO? –Most PEOs usually take about three to six weeks, but four weeks is the average startup time.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, but it depends on your PEO.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but with few exceptions based on your business structure.
Is There Anything Special to Consider When Looking at Philadelphia PEOs? – A good PEO has experts working in most business fields in the city of Philadelphia to ensure they handle all your HR tasks by following the set regulations and laws
What is the Best PEO in Philadelphia? – Philadelphia is a large city that has many different PEOs ready to solve all your HR issues. Check out our state-based PEO guide here.
There are many factors to consider before winding down your search on the best PEO for your Philadelphia business. We can help you by filling the comparison form above or contact us to talk to one of our PEO consultants.