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New York is effectively the business capital of the world and your business needs every possible advantage to survive and thrive. There are tasks such as payroll, HR administration, and managing benefits that need to get done, but you also know that they can distract you from working on the aspects of the business only you can that drive future growth. Additionally, you do not want to employ a full HR team just yet or it simply would not make financial sense.
If you relate to the above, you will want to work with a PEO company. A PEO (professional employer organization) is a company your business enters a co-employment agreement with, allowing them to manage the payroll, HR tasks, and other related items while you still have full control of the daily operations of your business.
Yet with so many PEO companies operating in New York and vying for your business, which one should you work with? Which ones are the best? Many are specialized, and one size does not fit all. That being said, some we would recommend to more New York businesses than others, and after looking through all the options, here are our top picks for New York:
Our top recommendation and a PEO company every business in New York should at least look at. Resourcing Edge currently serves 30,000 clients and provides flexible, adaptive solutions, and prides itself on personalized, world-class service.
It stands out not only for its ability to handle the regular PEO tasks you’d expect but also for embracing technology to provide you with a suite of tools to better manage your business including a library of over 4,500 training courses, recruitment assistance, and job and employee analysis.
Yet that is not all Resourcing Edge offers. In addition to these tools, you can expect plenty of solid options when it comes to normal HR services, benefits, payroll processing, and everything else you would normally expect from a PEO with your dedicated account manager only a phone call away.
We recommend Resourcing Edge if:
- You are looking for some of the best recruitment and business management tools you can get from a PEO company, or are expecting to expand your business soon.
- You are looking for an easy onboarding process and value exceptional customer service.
- You are looking for an all-around excellent PEO company that can handle all common needs with plenty of added extras.
2) Amplify PEO
Being able to easily work with your PEO company and the people involved is vital, especially when you have enough stress running a business in New York. If this is a concern for you, Amplify PEO is your answer.
While other PEO companies have their own strengths, Amplify PEO has some of the best customer service in the industry. You can always expect to talk to a human being when you have a question or problem, and such problems are generally resolved rapidly and with minimal frustration. This simply is not the case with every PEO company in New York.
In terms of services offered, you can expect all the usual fare, including payroll, HR services, strong benefits, and everything else. They have a great online platform and with all the above (including their excellent service) they still remain competitive when it comes to pricing.
We recommend Amplify PEO if:
- You have a smaller business, but want the personal attention and care generally given to larger clients.
- You work in general industry and simply want one of the best PEOs available for a common business.
- You have not worked with a PEO before and want one that can easily guide your New York business through the twists and turns of onboarding and is very easy to work with.
3) Justworks
Justworks, our third choice for New York businesses that are constantly on the move and a bit more decentralized, especially as remote work has taken off, excels when it comes to its online tools and platforms. They are at once simple to work with and easy to work with, and their technology-focused approach has garnered them a lot of fans among business owners and managers who know that tech and online platforms are the way forward.
They are generally happy to work with teams of all sizes, and employees will be happy about many of the notifications and customizations available on their end as well. Business owners also frequently report being able to offer much more affordable benefits compared to what they were offering before.
On top of their clear strengths, they also have everything you would expect from a top PEO company, including HR consulting, full-service support, compliance support, and the usual payroll administration tools and services. They are certified and accredited, and you can trust your business to their capable hands.
We recommend Justworks if:
- You want to work with some of the best management software, online tools, and remote work aid that a PEO can provide.
- You are happy to still take more of a front seat with employee management than you would with other PEO companies.
- You do not mind working with a PEO company that is rapidly growing.
One of the largest names in the industry and one of the largest payroll processors in the country, ADP Total Source has it all for New York businesses and can accommodate practically your every need if you are willing to pay for it. Able to help businesses both small and large, ADP Total Source can be a great choice for businesses who are still uncertain about who to go with or are still adapting to their own, uncertain about what they might need in the future.
Managing half a million employees, ADP Total Source also benefits from being able to negotiate for top benefits and its sheer size. Its history in data processing allows it to provide the best options for related services there as well.
They will work with just about any company, and their services scale and change based on that. They benefit from fine-tuning their presentation and organization, making them one of the easier PEO companies to work with in terms of managing information. One can feel a little disconnected from people when working with them, but human help is available when needed.
We recommend ADP Total Source if:
- You like the idea of working with a massive institution that will be able to provide whatever services you need and provide a wide host of automated services.
- Your priority is getting payroll processing that works and is certain to work well in the future.
- You do not need as much of a personalized or flexible plan or experience, but do like the idea of customizable service packages.
5) Insperity
Our last recommendation here for New York businesses, Insperity has the experience (over 30 years of it) to handle just about anything your business needs, and it serves millions of employees over 100,000 businesses and growing, across a wide range of industries and sizes. Needless to say, they provide all the top-class HR and payroll services and administration you would expect.
Yet what makes Insperity stand out from the rest of the options on this list are the training resources, which include thousands of online courses, tens of thousands of online books, and additional resources. Onsite training is available, and Insperity will work with you to figure out the best options for your business. If you want your team to improve and you do not want to pay an extreme amount to do so, Insperity is perfect for your business in this regard.
There are a few drawbacks, such as a relative lack of health care options compared to some other PEO companies and it will not be perfect for the smallest companies, but Insperity clearly has everything New York businesses need to succeed, and they are certainly worth your consideration.
We recommend Insperity if:
- You are looking for a stable, experienced PEO company to work with.
- In addition to stability, you are looking for a somewhat flexible PEO company that will work with you to best address the needs of your business.
- You want to work with a PEO company that has excellent training resources and can help you build your team up to its maximum potential.
What Makes for a Top-Rated PEO Company?
What criteria did we use to pick out these top performers, and what should you be on the lookout for when comparing PEO companies on your own? There are differences between service providers, sure, but there are also universal things that every PEO company should be able to offer and excel at. These things, which we used to base our own ratings, include:
- Payroll and tax processing competency
- HR assistance and management
- Recruitment and retention assistance
- Training options and services
- Industry-specific offerings and services
- Benefit offerings and benefits administration
- Workers’ compensation insurance offerings and support
- Compliance assistance and risk-management services
- The quality of the online portal
- Availability and quality of time tracking and productivity tracking tools
- Customer service, timely response to requests,
- Positive response to feedback
- Personalization or tailoring of services
- Additional unique features or services
You may prioritize these differently than we did, and your own New York business’ needs will be different from the average, so we encourage you to carefully consider all the above on your own terms when choosing a PEO company to contact and work with.
Why You Should Work with a PEO Company
While there are costs associated with working with a PEO company and that will (and should) give many business owners pause, we find that for most businesses the advantages outweigh the costs. Here are some of the reasons your organization should start working with a PEO company as soon as possible:
- You, your managers, and employees will all have less paperwork to deal with, at least after the initial onboarding process.
- PEO companies can negotiate better rates and offerings with insurance and benefits providers.
- When compared with the costs of doing or offering everything a PEO provides on your own, your business will save money by working with one.
- Your business will have support in complying with regulations (both safety and HR) on both the state and federal levels.
How to Select and Start Working with a PEO Company
Picking out a company in your head is all fine and well, but there are steps to take if you want to get the ball rolling on PEO services. Here is where to get started and what to do to both move forward and ensure your agreement is a fair one:
- Make sure that the PEO company you are interested in has all the services you want for your business (both industry-specific and general) and has a certificate of insurance.
- Check testimonials and reviews from other businesses that work with the PEO, both country-wide and in your area. It is even better if you can find feedback from businesses in your industry.
- Try to schedule a meeting with a representative of the PEO company, either in-person or virtually, to go over any terms and clarify what is being offered. You may wish to bring along a trusted manager that would be the one handling much of the contact and administration with the PEO, if appropriate.
- Read everything that is given to you and go over all the fine print. None of the above companies we recommend is out to scam you, but preventing potential misunderstandings is key.
- When the time is right, make sure to notify your employees of the changes ahead of time.
Conclusion
The exact factors for picking out the PEO company best for your New York business will vary, but we are confident that among the five choices listed above that there is an option that is perfect for you. You should absolutely take your time to review the companies as well as the priorities of your business, but not delay in making the switch once you know what you want. We hope for the best in your business’ transition and hope that both you and your employees get the relief, perks, and other benefits you deserve.
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- HackerNews
- Evernote
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- Mail.ru
- Viadeo
- Line
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- Yummly
- SMS
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- Subscribe
- Skype
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- LiveJournal
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- Copy Link