7 Best PEO Companies in Tennessee, TN Compared (2020)
If you’re a business owner in Tennessee looking to outsource your HR services, then probably you have heard of PEOs or Professional Employer Organizations. These companies can help your small and medium-sized business by lightening the burden of HR tasks so you can focus on other critical aspects of your business.
The right PEO offers services such as benefits management, hiring and training of new personnel, and payroll processing. To help you in finding the best PEO for your business, we are offering this guide to PEO companies that serve in Tennessee.
If you want to learn more about Tennessee PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF TENNESSEE PEO SERVICES:
PEOs can benefit your Tennessee business in several ways, but you will want to consider a few primary features. A good PEO service provider is one that will solve all your HR and payroll needs with ease and efficiency. Other PEO services include risk-mitigation and compliance, workers’ comp management, tax filings, and benefits management.
Most good PEOs help your business with HR solutions through hiring and training, expense reporting, and other administrative services that streamline your HR department.
FACTORS FOR EVALUATION OF A TENNESSEE PEO SERVICE:
It can take business owners weeks or even months to land a good PEO that meets their HR needs. That’s why we have done the large part of the PEO searching for you. We considered the following services and features when reviewing each PEO in Tennessee.
- 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
We have many PEO providers working in Tennessee, so you’ll want to do some comparison shopping with the recommendations above in mind before choosing one.
BENEFITS OF USING A PEO IN TENNESSEE
Insurance Cost Savings –PEOs negotiate better with benefits providers, and your business can enjoy some lower health insurance costs.
Less Paperwork – Paperwork is not something you want to meet every day in your office. That’s why you, as the business owner or manager, you need to use a PEO to minimize paperwork for you.
Compliance and Legal – PEOs will handle all your compliance and legal issues for your employees whenever they arise and work your business through Tennessee laws and regulations.
FAQ ABOUT PEO COMPANIES IN TENNESSEE:
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? –A significant benefit of using a PEO is to try out their time-saving tools and services. You can sleep easy every day when you know very well that a PEO is handling all your HR problems, and providing better benefits to your employees.
How Much Does It Cost to Use A PEO in Tennessee? – It costs around $1000-$2000 per employee per year to use a PEO in Tennessee.
How Does a PEO charge? – A PEO can either charge a percentage of overall payroll or a simple admin fee (preferred) per employee.
Does it Cost Money to Switch to a PEO? – A startup fee ranges from $1000 to $15000 to switch to a PEO.
How Long Does It Take to Get Started Once I Choose a PEO? –On average, a PEO has a startup time of four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, but it entirely depends on the PEO you’re working with.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but with a few exceptions based on your business structure.
Is There Anything Special to Consider When Looking at Tennessee PEOs? – You need to find a compatible PEO for your business in Tennessee. This a PEO that offers HR solutions and still abides by the state or regional regulations.
What is the Best PEO in Tennessee? – Tennessee businesses are different, and so are PEOs. Check out our state-based PEO guide here.
There is always a PEO for any business out here in Tennessee. If you’re finding it hard to locate one, then use the above comparison tool or contact us to talk to one of our PEO specialists. We are always ready to help you find a PEO that will meet your HR needs.