There are many inherent risk factors that come with every workplace. Even if your company doesn’t utilize heavy machinery, employees can still be at risk. Remote work can even come with a variety of physical and mental health risks. In addition to these risks, there are many liabilities that small businesses are susceptible to related to employment law and compliance. Managing all these risks to your business is a huge undertaking. Though it is possible to do this on your own, there are many benefits to utilizing a PEO for your risk management needs. Here’s what you need to know about risk management through PEOs:
Workers’ Compensation Claims Management
Workers’ compensation is necessary, but it can also be complicated to deal with. PEOs offer worker’s compensation insurance and can manage any claims for you to ensure your employees are taken care of and your company avoids unnecessary costs and liability. Their experts can also help you develop programs to bring injured workers back into the workplace. Beyond this, PEOs are experts in risk management laws and regulations to help keep your company in compliance.
All business leaders want to ensure their employees go home safety at the end of each shift. Because of this, you want to make sure your employees can prevent injuries and manage any safety risks that are part of their job. PEOs offer trainings on a variety of safety topics. The most common of these include first aid and CPR training and harassment training. There are often additional trainings for issues such as slips, trips, and falls or fire safety training. Helpside also offers forklift training to ensure employee safety on heavy machinery and compliance with state law.
Compliance with Employment Laws
Employers must comply with an ever-increasing number of employment laws that often vary state to state. PEOs employ experts in employment law compliance. These experts are available to help you reduce liability and understand the risks associated with your human resources decisions.
Payment of Wages and Taxes
Payroll is one of the areas where small businesses can find themselves liable for thousands of dollars due to small mistakes. Most PEOs offer payroll processing along with their human resources and risk management services. Using PEO payroll services gives you the peace of mind that payroll and taxes are paid on time every time. The payroll specialists at a PEO have years of experience and know how to handle any unique payroll situation that may come up. They can guide you on both wage payment laws and best practices. Additionally, many PEOs have time tracking software to help ensure that employees are paid correctly with each paycheck.
Want to Work with a PEO?
Helpside enables small business to operate in a less risky environment. Reach out to us at firstname.lastname@example.org to learn more about our services.