A PEO Consultant Will Unlock Potential To Achieve Better Results
A PEO consultant is an expert in the Professional Employer Organization (PEO) industry, offering guidance and support to businesses seeking the right PEO solutions. In this article, we’ll walk you through the PEO consulting process, PEO broker services, and what PEO consultants do.
PEO Consulting Services: The 411
PEO consulting services specialize in helping businesses identify, evaluate, and select the right PEO partner. These services analyze a company’s unique needs and provide expert advice on the best PEO options. To learn more about PEOs, check out What is a PEO?
The PEO Broker: Your Advocate in the PEO World
A PEO broker is a professional who acts as an intermediary between businesses and PEOs. They work with multiple PEO providers, giving them access to a wide range of options for their clients. PEO brokers also negotiate on their clients’ behalf, ensuring they get the best possible deal.
The PEO Consulting Process: A Step-by-Step Guide
The PEO consulting process typically follows a series of steps designed to help businesses find the perfect PEO partner. Let’s explore these steps in more detail:
- Assessment of Business Needs
The first step in the PEO consulting process is to assess the business’s unique needs. A PEO consultant will work with the client to identify areas where a PEO can provide value, such as payroll, HR management, and benefits administration.
- Analysis of the PEO Marketplace
Next, the PEO consultant conducts a thorough analysis of the PEO marketplace. They’ll evaluate various PEO providers based on factors such as services offered, pricing, and industry expertise. This ensures they recommend PEOs that align with the client’s needs.
- PEO Selection
After analyzing the available PEO options, the consultant will present their recommendations to the client. They’ll discuss the pros and cons of each option, helping the client make an informed decision.
- Contract Negotiation
Once the client has chosen a PEO, the consultant will negotiate the contract terms on their behalf. This includes areas such as pricing, service levels, and contract duration. For more information about PEO agreements, visit PEO Agreement
- Implementation and Onboarding
With a PEO selected and the contract signed, the consultant will help the client transition to their new PEO. This may involve coordinating with the PEO on employee onboarding, payroll setup, and benefits administration.
What Does a PEO Consultant Do?
A PEO consultant wears many hats, providing various services and expertise. Let’s dive deeper into their responsibilities:
PEO consultants offer expert guidance on the PEO industry, helping clients navigate the complex world of PEO providers. They stay up-to-date on industry trends and developments, ensuring their clients receive the most current and accurate advice.
Every business is unique, and a PEO consultant understands that. They’ll work closely with clients to develop customized PEO solutions that address their needs and goals.
Time and Cost Savings
Working with a PEO consultant can save a business time and money. Instead of spending countless hours researching PEO options, the consultant can quickly present the best choices. Additionally, their negotiation skills can result in more favorable contract terms for the client.
A PEO consultant doesn’t just help clients find a PEO and negotiate a contract; they also provide ongoing support. They’ll monitor the client’s relationship with the PEO, addressing any issues and ensuring the partnership succeeds.
PEO consultants are well-versed in the various laws and regulations that govern the employer-employee relationship. They can help clients understand their obligations and ensure their chosen PEO complies with all applicable regulations.
Streamlined HR Processes
PEO consultants can assist businesses in streamlining their HR processes. Connecting them with a PEO that offers a comprehensive suite of HR services can help clients save time, reduce errors, and improve employee satisfaction.
A Real-World Example of PEO Consulting in Action:
Consider the case of TechSolutions, a rapidly growing tech startup. As they expanded, they faced challenges in managing HR tasks, from payroll complexities due to hiring in multiple states to ensuring compliance with ever-changing labor laws. The administrative burden was taking a toll on their core team, diverting attention from product development and customer service.
Enter a PEO consultant.
Upon engagement, the consultant thoroughly analyzed TechSolutions’ HR needs and challenges. They identified key areas of concern, such as multi-state payroll discrepancies, lack of a comprehensive employee benefits package, and potential compliance pitfalls.
With the consultant’s guidance, TechSolutions partnered with a PEO specializing in tech startups. The results were transformative:
- Streamlined Payroll: With the PEO handling payroll, discrepancies were resolved, and the process became seamless, even as the company continued its multi-state expansion.
- Enhanced Employee Benefits: TechSolutions could now offer competitive benefits packages comparable to much larger tech firms, aiding in talent acquisition and retention.
- Compliance Confidence: With the PEO’s expertise, TechSolutions was assured of adherence to labor laws, reducing the risk of potential legal pitfalls.
TechSolutions reported a 20% increase in operational efficiency and a notable improvement in employee satisfaction rates in just six months. This real-world scenario underscores the tangible benefits and transformative potential of engaging with a PEO consultant.
The PEO Consultant as a Strategic Partner
Working with a PEO consultant can be a game-changer for businesses of all sizes. PEO consultants can help companies find the perfect PEO partner to achieve their HR and business objectives by providing expert advice, customized solutions, and ongoing support.
Our team of PEO consultants brings together decades of experience in the industry. With HR, finance, and operations backgrounds, we ensure a comprehensive understanding of your business needs, offering solutions that align with your goals.
Choosing the right PEO consultant can be transformative for your business. But don’t just take our word for it. Here’s what some of our esteemed clients have to say:
Julia Vaida, Head of People Operations, Teach For All:
“Onward has a great tool for running an analysis for the client, so we saw all of our PEO options and costs laid out clearly in a presentation, making it simple for us to compare options.”
Paul Vitale, SVP Finance & Operations, Toy Industry Association:
“Working with Onward Advisors to renegotiate terms with our PEO exceeded all our expectations. Their team of PEO experts was professional, detailed, and thorough. Our cost savings were significant—between 21% and 30%. I would recommend them to anyone looking to better understand their PEO relationship and contracts.”
Andrew Eagle, Chief Operating Operator, BOLD New York:
“We were able to rely on Onward Advisors’ expertise and experience, and their guidance exceeded our expectations in helping us to find the best fit for our business goals and company culture.”
Charles Wirth, COO & VP of Finance, Mediamax Network:
“We worked with Onward Advisors to help us navigate through all the available PEOs to find the one that best met our objectives. Their industry experience gave us clarity and confidence in our decision, in addition to the almost 30% in cost savings they helped us to achieve through expert negotiations.”
These testimonials underscore the tangible benefits and significant value of engaging with a PEO consultant. By partnering with the right consultant, businesses can achieve clarity, confidence, and substantial cost savings in their PEO relationships.
Ready to transform your HR processes and benefit from the expertise of a PEO consultant? Contact us today to discover tailored solutions for your business.
For more insight into the professional employer organization industry, sign up for the free eBook “The Truth About PEOs.”
Onward Advisors combines unique perspectives and expert insights from decades of working at top PEOs. We do this through a unique, case-by-case approach, providing leading-edge analysis from our online platform to give clients unparalleled clarity and personalized analysis on which PEO solution is best for them.