7 Best PEO Companies in Virginia, VA Compared (2020)
Virginia has a growing market with many opportunities and a large customer presence for nearly every type of industry. And to grow your business, and accomplish all your goals, you’ll need the services of a PEO company.
It can be a daunting task to get the right PEO for your business in Virginia, considering all the factors involved. That’s why we have done the research part for you by offering this guide.
If you want to learn more about Virginia PEOs, keep reading below:
HIGH-LEVEL OVERVIEW OF VIRGINIA PEO SERVICES:
PEO service providers can help your Virginia businesses in different ways, starting with the handling of the usual HR tasks to employee onboarding and termination. Other services to expect include benefits administration for employees, workers comp management, payroll management, employee risk management, regulatory compliance, tax filings, and risk-mitigation.
By outsourcing your HR functions to a PEO, you can gain access to a massive pool of client’s bargaining power that comes with employee’s benefits with lower health insurance and workers comp coverage. This allows your HR department to control costs more easily and efficiently.
FACTORS FOR EVALUATION OF A VIRGINIA PEO SERVICE:
Every PEO provider offers different HR services to every business in Virginia. That’s why you need the right company that will solve all your HR problems. Below are the services and features we used when reviewing each PEO in Virginia.
- 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 PEO service providers in Virginia. But, you need to know what to look for before selecting one by taking into consideration the above factors.
BENEFITS OF USING A PEO IN VIRGINIA
Insurance Cost Savings – PEOs can save you time and money by negotiating better rates for your employees through reduced health insurance costs.
Less Paperwork – Paperwork is too much stress, and takes a lot of time to execute. A PEO uses its latest technology to reduce the amount of paperwork your company has to handle.
Compliance and Legal – A PEO can manage all your employee’s compliance and legal issues, even the most confusing of state or federal regulations.
FAQ ABOUT PEO COMPANIES IN VIRGINIA:
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 benefits of using a PEO in Virginia are time-saving measures and services and reduced HR costs. You can also offer your employees better benefits to enjoy maximum productivity within your company.
How Much Does It Cost to Use A PEO in Virginia? – A PEO service provider will cost your business about $1000-$2000 per employee per year.
How Does a PEO charge? – There are two methods a PEO can charge your Virginia business, and its either through a percentage of overall payroll or a straight admin fee (preferred) 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? – PEO usually takes an average time of four weeks, and a maximum of six weeks to get started.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, you can find some PEO service providers offering this option while others don’t.
As the Founder, Should I Pay Myself Using a PEO? – Yes, but it depends on your company’s structure.
Is There Anything Special to Consider When Looking at Virginia PEOs? – It would be best if you can find a PEO that has vast HR experience working in Virginia to place your company on the top in offering considerable benefits to your employees.
What is the Best PEO in Virginia? – It depends on the size of your business and the scope of HR services you need. Check out our state-based PEO guide here.
It’s quite a time-consuming process to find the right PEO for your business in Virginia from all the available PEO providers in the state. However, you can use our comparison tool above, and if you’re still in doubt, then you can contact us to have one of our PEO specialists taking you through the process of finding the best PEO that suits your business.