The coronavirus has impacted every nation and economy in the world, even the thriving state of Connecticut. However, COVID-19 cannot halt global trade. The world has seen downturns on a global scale throughout history. Every time, we find a way to grow during and after them.
So as the powerful economy of Connecticut continues to thrive, you need to invest in the right resources if you want your company to thrive along with it. This includes having the best Professional Employer Organization (PEO) for your situation.
Choosing the wrong PEO will create unnecessary challenges and cost your company more money in the long run.
Choosing the right Connecticut PEO will save you incredible amounts of time, connect you to vital professional services, and enable you to focus on the higher level aspects of growing your business.
The Best PEO Connecticut
Finding the best PEO company for you isn’t as easy as just listing a name of one company.
There are various factors to consider:
- The number of employees you have
- The tasks you need help with
- Your current budget
- Employee benefits you offer (such as health insurance and workers compensation insurance).
To ensure you get the best return on your investment, fill out the form below. One of our knowledgeable and trained agents will assess your business’ needs and suggest the PEO in Connecticut that will provide the greatest value for your money.
Free Business Needs Assessment
Why You Should Trust Us
I have knowledge and understanding of PEO companies in two significant ways.
Firstly, I have experience going through the PEO selection process for two separate businesses. In the last 14 years, I’ve discovered and read every review published about every PEO based in the United States.
I’ve been on the phone with countless sales representatives talking about benefits administration, workers compensation insurance, payroll processing, employee benefits, health insurance, and more.
All the while, I’ve listened to them as they attempt to sign me up. I’ve spent a lot of time negotiating features and pricing that could have been better spent growing my businesses.
Therefore, I understand the issues and the upsides of every PEO, as well as the tricks that their sales teams use to persuade you.
Secondly, I have talked with over 1,200 business owners and companies to help them find the best PEO that can grow their business.
I understand their frustrations and their long list of tasks that need to be handled. I have helped them solve their most pressing time problems by connecting them with the features they need.
Who Should Use A PEO?
If you have a small-to-medium sized business, then you really must use a PEO service. Running a business places various demands on your time and energy. Having human resources tailored to your company can be a game changer.
If you need help with the following:
- Employee Benefits
- Tax Rates
- 401 k
- Health Insurance
- Dental Insurance
- Administrative Services
- Workers Compensation Insurance
- Risk Management
- Human Resources Paperwork
- Employee Benefits Administration
- HR Support
- Tax Withholding
- Employee Contracts
- Compliance Assistance
- Risk Management
Or any other aspects of managing your team, then using a PEO is the right choice. They can remove these challenges from your plate so you can focus on the more strategic processes to grow your business.
How We Selected The Best PEO
We have a four stage process to choose the best PEO companies in Connecticut:
Stage 1: Reviews
We began by reading the reviews of Connecticut PEO companies. We used LinkedIn, ConsumerAffairs, GlassDoor, TrustPilot, and the Better Business Bureau to weed out the PEO companies that simply didn’t make the cut.
Stage 2: Offering Analysis
Once we completed the review stage and narrowed down the list of PEOs, we then analyzed the products they were offering. Not every PEO has the same offerings or capabilities, so we needed to further eliminate PEOs that didn’t have enough services to meet the needs of most businesses.
Stage 3: Speak With Their Sales Team
Reviews only offer a glimpse of a company. Therefore, we needed more than the details offered on the PEO websites. In order to get the full view, we talked with each company’s sales team.
We asked them difficult questions about their specific services and facilities.
When speaking to the representatives of the professional employer organizations, we also criticized their reviews, their website information, and listened to what they had to say regarding any issues that were mentioned in the reviews.
Stage 4: Speaking With Real Customers
Finally, our last step was to go right to the actual end users of these PEO services — their customers.
We asked customers of PEOs to talk to us about their opinions and experiences. We wanted to cut through the “corporate speak” and talk to real people.
We interviewed these customers on various services and aspects such as payroll processing, level of customer support, ease of use, friendliness, and numerous other factors.
In other words, we didn’t just research what each PEO was offering in terms of services. We wanted to know how they approached their work and helped their clients in real ways. This is what gave us a truly comprehensive understanding of the benefits and drawbacks of each PEO company.
NOTE: We have a policy of following up with the businesses that we’ve helped find the best PEO. This gives us insight into ways to improve our process of assessment.
After the above process, we had an even more narrowed down list of potential Connecticut PEOs . Here are the analysis factors we then used:
Factor 1: Offerings
The first and most important area we looked at for each remaining PEO in Connecticut was their array of services. If there was a PEO service that we felt most businesses would probably need, we wanted to make sure they provided it.
We needed to know if they provided the following:
- Tax Processing
- Human Resource Management
- Human Resource Consulting and Support
- Productivity Tools
- Attendance Tools
- Time Tracking Tools
- Administrative Services
- Payroll Processing
- Payroll Taxes
- Workers Compensation Insurance
- Human Resource Regulation Compliance Assistance or Management
- Risk Management and Safety Compliance
- Health Benefits Insurance Options and Support
- Customer Service
- Onboarding Support
We ranked every Connecticut PEO higher or lower based on the number of these services they offered in order to help you find the right PEO.
Factor 2: Price
When running and growing a business, you already have enough expenses. Every dollar needs to be carefully spent and managed to provide the greatest value possible.
If you’re overpaying for a Connecticut PEO, that means you’re pulling resources and funding from another area. Inevitably, your business will suffer a loss in results somewhere down the line if that’s the case.
The more value you get, the more you can put back into key areas like sales and marketing. That’s why price is #2 on the list of factors in our assessment.
The more value a PEO offered, the higher in our rankings it was placed.
Factor 3: Ease of Signup
You only have so many hours in the day as an owner-operator of a small or medium sized business. You can’t waste your valuable time diving into the details of every PEO in Connecticut, filling out forms and going through various processes.
Therefore, the level of difficulty of signing up for the service needs to be addressed. That’s why #3 on the list of criteria is ease of signup.
An easier signup equals a higher ranking.
Factor 5: Customer Support
When changing any kind of process or system in your business, there’s going to be a learning curve. For a while, you and your team may have a lot of questions or challenges regarding the new PEO service. This is unavoidable. However, you can avoid an even longer period of confusion and frustration if you have great customer support.
In our book, customer support is non-negotiable. They need to be able to assist you in navigating your new technology, processes, and routines in your organization. Otherwise, you could be stuck in an endless loop as you get no closer to a solution. And no company has that kind of time to waste. Hence, #5 on the list is customer support.
The more impressive the PEO’s customer support level was, the better ranking they received.
Connecticut PEO Assessment Results
There are various options regarding the right Connecticut PEO for your needs. This depends on your business model, industry, size, and more.
For instance, a small company employing 30 salaried employees with a $1,600 budget per person that needs payroll and tax processing, in addition to health insurance will have different needs than a 500 person marketing company that needs human resources management, onboarding, 401 k assistance, and time tracking tools.
That’s why it is simply not possible for us to provide a generic suggestion regarding the right PEO in Connecticut. Your business is unique, and offering a vague recommendation would be unprofessional of us. You might not end up with the services you need for your company.
The best way to ensure you get the most bang for your buck is to speak with one of our experienced PEO consultants. They will ask you important questions and offer recommendations that meet your specific business needs.
To talk with a consultant, simply fill in your details in the form below:
Free Business Needs Assessment
Frequently Asked Questions
How much does it cost to use a PEO in Connecticut?
The cost of using a Connecticut PEO will vary. It depends on the services you need, the PEO service itself, and your company size. However, the average is about $1,000-2,000 per employee per month.
How does a PEO charge?
The PEO typically charges an administrative service fee for each employee, or a flat percentage of your payroll. We tend to recommend going with PEO companies that charge based on the number of people instead of payroll. It is easier to budget for this because payroll can change significantly in any given month.
How long does it take to get set up with a PEO?
Typically, you can expect the setup period to last about 3-6 weeks, with about 4 weeks being the average.
Does it cost to change PEOs?
In order for any Connecticut PEO to get your company set up within their infrastructure, it takes considerable amounts of time and resources. Therefore, they tend to charge your organization a setup fee.
So if you do plan to change to a new PEO, expect to pay anywhere from $1,000 (for smaller companies) all the way up to $25,000 for larger companies.
To cover the significant resources required to set up your company in a PEOs infrastructure, they typically charge a setup fee. This means that if you change PEOs, you will typically (not always) have to pay this setup fee. This fee can be as little as $1,000 for small operations and cost upwards of $25,000 for larger organisations.
This significant additional cost is the reason we recommend you sign up for our free business needs assessment. Our trained agents will contact you with 24 hours to help you find the right PEO for your company.