Do PEOs really make a difference for startups and small to midsize businesses?
The data is clear—small & midsize businesses who partner with PEOs see:
7%-9% faster growth than SMBs overall
10%-14% lower turnover than companies that don’t have a PEO partner
Higher business revenue vs. non-PEO clients (13.5% vs. 8.5% in 2018-2019)
What edge do Genesis HR Solutions partners have over their competition?
As 2020 draws to a close, there’s an obvious shift in the technology products and services businesses need. Until COVID-19 forced most companies to move to remote work, there wasn’t as much of an emphasis on HR technology to connect employees to their employer. Now, however, we see that the level of tech expertise HR partners offer is actually critical to the wellbeing of businesses.
Many HR companies say they’re a “solution,” but they’re really just a tech platform that doesn’t offer any HR expertise. At Genesis, we offer both the platform and the expertise, which means all workers—whether in the building or remote—can stay connected and have a streamlined experience.
We provide our partners with the following technology tools and training they need to make sure their entire team is connected and culture is well established:
- Employee self-service
- Data management
- Payroll and tax information
- Benefit enrollment
- Direct deposits
- Reporting tools and reports that make sure all the data you need is analyzed and readily available
But arguably more importantly than the technology is readily available HR expertise—the people behind the platform. Instead of a one-dimensional tech platform providing hit-and-miss HR advice, our team of professionals has the experience needed to navigate any issue you will face as an employer.
“Genesis HR Solutions is truly a PEO in a class of its own. I recommend Genesis to my clients because I am guaranteed a level of care that is exceptional. The Genesis team is knowledgeable, responsive and accessible; very important qualities when you are running a business. Having worked in large corporations, I can honestly say Genesis is equivalent to having a fully staffed Human Resources department. I have worked with other PEO companies and Genesis, in my opinion, is in a league of its own, providing top-notch service at a competitive price.”
Sheree Defeo, MBA, Kline & Company CPA PC
Benefits are a primary driver for many businesses to consider a PEO. At Genesis, we present to you a diverse, bundled solution and then manage the administration for you. You don’t have to make the HR decisions and do the leg work for every disparate benefit you want to offer—we take care of it all for you.
Additionally, we provide continuing education for your employees about the comprehensive benefits they can access through your company. Compare that to businesses that DIY their HR, piecemeal their benefits partners, don’t effectively communicate the value of their benefits package, or can’t help employees understand how to take advantage of it consistently. At Genesis, we educate and explain the value of your comprehensive benefits in many ways, so your employees have an opportunity to learn continuously about your offerings.
“Genesis has been our HR partner since the inception of our organization in 2004, and one of the best decisions we have made. In addition to providing high-quality services that benefit both our employees and the company, they have provided us with extraordinary customer service. As a small nonprofit company, it is a tremendous sense of comfort to us to have their expertise at our disposal.”
Christopher M. Matarazzo, EVP & COO, Massachusetts eHealth Collaborative
Navigating the ever-changing world of HR compliance is a stressful, time-consuming job—but absolutely necessary if you want your business to grow and succeed (and avoid legal trouble). Laws and regulations—and the things they affect, like benefits—change almost daily; if you don’t have someone who knows what to look out for and has the capacity to focus on implementing the necessary changes (whether process or documentation-related) you may be putting your business at risk.
At Genesis, one of our core PEO solutions is compliance. We’ve built an organization focused on maintaining awareness of legislation and making changes that keep us in step with requirements. Our organization was built to know how to handle compliance issues; we pride ourselves on deciphering the legislation accurately and providing advice our clients can trust. Not only do we help you stay in compliance, but we also help you understand why being in compliance is important for your business.
“When I need professional advice and guidance on important HR issues, Genesis always makes time to help. Our needs are important to them, and it is a relief to know that I can always find out the best way to proceed. The Genesis team is professional and knowledgeable, and provides excellent customer service.”
Berni Ferguson, VP of Finance & Administration, ROI Solutions, Incorporated
Let’s talk about how Genesis HR can help you grow your business.
When you’re ready to partner with a team of HR experts, we’re ready to help—schedule a free consultation today.