Asking the right questions gets this done.

1. Do you know the PEO market?
2. Which PEOs do you work with?
3. Who have you helped like me?

Your business is growing, and you think it's time to expand. But with many things to do to sustain your operations, there is no way to focus on your growth.

You know you’ll be spreading yourself too thinly if you do not get help. Then you learned about PEOs and decided to look for one that fits your business.

However, you get distracted by urgent business matters and again set the PEO hunting for another day.

Indeed searching for the perfect PEO is time-consuming and needs your full attention.

You wished someone could do that task for you, so you searched Google and chanced upon information on PEO brokers. But because the PEO broker industry is booming and so many have come up in your search, you have a long list of possible partners. All you want to be sure of at the moment is finding the right one.

Finding the right partner for your company sounds simple, but many people make this their first mistake. So first, you need to assess if they are capable of helping you.

You want to partner with a firm that can benefit you most in the growth of your business. You want everything on the table before signing up with any of them. You want to find and sign up with the best fit.

Are you licensed & insured?

Asking your PEO broker, 'Are you licensed and Insured?' is essential because this determines what benefits you have in choosing them over the other service providers. When it comes to choosing something as important as your health benefits, it’s vital you work with a Licensed Health Broker.

One of the most important things to consider is employee benefits like health insurance.

It is crucial to work with a broker who offers solutions for health insurance at national coverage for your employee benefits. You want to know if your prospective broker has a vast network and can provide you with lucrative benefits, plans, and a wide range of insurance options.

One of the responsibilities of a PEO broker is to compare and analyze insurance from insurance companies. They do this to save their clients’ time dealing with insurance providers. However, this task is only allowed for insured and licensed agents in some states.

Thus, it is not advisable for unlicensed brokers to be offering advice about the medical insurance market. To have peace of mind, work only with one who has a license and is insured.

At Dinsmore Steele, we implement various cost-effective health plan options—fully insured, self-funded, and partially self-funded. We can also put together health insurance plans and a system to manage your FSA, HRA, HSA accounts, enrollments, participants, etc.

How will you help me grow my business through a PEO relationship?

A PEO broker is an intermediary who matches your business with a potential PEO. You can think of the broker as the middleman who negotiates and finds the perfect fit for you and your business.

The broker will evaluate your business to determine what type of PEO services you need and then go through their database to find one or two who fit the bill. The process usually takes less than a week, but consider that this depends on your company niche and requirements.

The best part, however, is to know how much a PEO broker can help you grow your business through a PEO partnership;

Perfect PEO for your business

A perfect business owner-PEO relationship starts by hiring the right PEO. Your broker works to find you the right PEO that fits your business needs. You will have peace of mind that you have the right people working for you, and you did not even spend time and effort searching for them.

Competitive employee benefits

PEO brokers provide options of competitive employee benefits to employees at affordable rates. They also help clients make sense of the legal requirements and regulations, making it easier to do business.

You don't need to reinvent the wheel to satisfy your employees. The packages and employee benefits PEO brokers created for you will give you enough options from which to choose. Choices that help your employee without jeopardizing your company's finances.

Make your business current

If you want your company to grow, it is vital to stay current. With the right PEO chosen for you, your company appropriately complies with state and federal laws and saves you from thousands of penalties in the future.

Save time

Time is a commodity that we cannot buy with money. PEO brokers save you a lot of time searching for PEOs. Your PEO saves you a lot of time training employees to handle administrative and regulatory responsibilities.

You will then have enough time to think and plan on how to expand your business and/or network with prospective clients.

PEO brokers help through an aftercare

The aftercare service of a professional PEO broker is essential to maintaining healthy relationships between PEOs and business owners. PEO brokers are the check-in balance that makes PEOs remain productive and employers responsible.

Can you provide me with references from your current and past clients?

It's essential to know how effective the service is before making that call. So the last question would be, "Can you provide me with the references from your current and past client?"

Established PEO brokerage maintains a website from which you can get to know them better. In addition, you can see the services they offer and clients' testimonials.

However, some PEO broker firms may not publish their clients on their websites due to client privacy agreements. In this case, request a company capability statement that spells out the firm's scope of services, accomplishments, and previous clients' feedback or review.

Conclusions

NAPEO says businesses in a PEO partnership grow 7-9 percent faster, have 10-14 percent lower turnover, and are 50 percent less likely to go out of business. This business success is possible when PEO brokers have done their homework and found the perfect PEO for business owners.

Therefore, to make the most of a PEO arrangement, the first step is to find the right partner. And it is always a wise move to verify partners in business before you even start working with them.

As PEO brokers, we want our clients to ask questions the same way we ask our clients sets of questions. This way, we are sure we are on the same page as we journey toward a successful business relationship.

We're all ears. Shoot us your questions.

Top 3 Questions to Ask your PEO Broker

Asking the right questions gets this done.

1. Do you know the PEO market?

2. Which PEOs do you work with?

3. Who have you helped like me?