Locating the right PEO for your New Jersey-based business isn’t as easy as it may seem. PEO providers have become more specialized in what industries they serve, what HR-related services they provide, and how they price these services.
Evaluating all of the available PEO companies to find one that works best requires extensive research, which is why we’ve made it easy for you by comparing three of the top PEO companies that serve the New Jersey area.
Editor’s Note: Want a professional report of the five best PEO’s for your organization? Complete the form below, and a PEO specialist will contact you with more information:
HIGH-LEVEL OVERVIEW OF NEW JERSEY PEO SERVICES:
New Jersey business owners need to review a few important aspects when looking for PEOs. A great PEO will handle your HR and payroll need with ease and efficiency without compromising the state of your HR department.
PEOs can help your business through the onboarding of new employees, training, and firing. Other services to expect include tax filing, risk mitigation, benefits and workers comp management, compliance services, and many other HR solutions.
FACTORS FOR EVALUATION OF A NEW JERSEY PEO SERVICE:
Every element in consideration of a PEO is crucial in how well it will handle all your HR needs. Here are the services and items we used when reviewing each PEO in New Jersey.
• 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
Always aim to get a PEO that will solve all your HR issues. You can do so by weighing their services with the recommendations above.
BENEFITS OF USING A PEO IN NEW JERSEY
Insurance Cost Savings – PEOs can help your New Jersey business reduce costs through lower health insurance costs. You can also take advantage of their time-saving tools and services to streamline your core business needs.
Less Paperwork – Avoid paperwork by using a PEO that utilizes automated services to keep it to a minimum.
Compliance and Legal – New Jersey laws and regulations can pose hard times to new business owners, and that’s why you need a good PEO to walk you through the problems that may arise. They can handle all your compliance and legal issues despite the confusing regulations.
FAQ ABOUT PEO COMPANIES IN NEW JERSEY:
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? – Time-saving tools and services can provide you with more time to focus on other crucial parts of your business. Also, get your HR compliance and risk-aversion practices handled on time by using a PEO.
How Much Does It Cost to Use A PEO in New Jersey? – A business in New Jersey will pay $1000-$2000 per employee per year to use a PEO.
How Does a PEO charge? – PEOs charge a percentage of the overall payroll or the preferred straight admin fee per employee.
Does it Cost Money to Switch to a PEO? – Yes, it does and ranges from $1000 to $15000, depending on your business size.
How Long Does It Take to Get Started Once I Choose a PEO? – It depends on the PEO, but the average startup time is four weeks.
Can I Get Health Insurance for Myself and My Family as the Founder? – Yes, but it mostly depends on the PEO you’re working with.
As the Founder, Should I Pay Myself Using a PEO? – It’s quite possible, but with few exceptions based on the structure of your organization.
Is There Anything Special to Consider When Looking at New Jersey PEOs? – It would be best if you worked with a PEO that can take on New Jersey laws and regulations when handling your employee’s compliance and legal issues.
What is the Best PEO in New Jersey? – PEOs’ recommendations differ with businesses in New Jersey. Check out our state-based PEO guide here.
New Jersey has a fair amount of state laws and regulations, and that’s why you need a PEO service provider to help you out. Fill the comparison tool above, or reach out to talk to one of our PEO specialists to get the right PEO for your business.