Five Advantages Nonprofits See when Partnering with a PEO
Updated: May 17, 2022
Should Your Nonprofit Consider Exploring a PEO?
When you share with people that you work for a nonprofit, you often hear genuine responses and excitement. "How amazing and respectable that you're giving your time and talent to such a worthwhile cause!"
It really is true! You began this journey to make a statement that your mission was to do your part to make our world a better place. In any case, you presently understand the daily reality is that there are a lot of really challenging factors to run a non-profit. However, if you are like many other directors and leaders; mundane and bothersome HR errands get you off track from the really important and mission-critical tasks of your organization.
This is where a Professional Employer Organization (PEO) could be an integral partner that can assist you with leveling up. A PEO offers nonprofits extensive access to turnkey HR administration services that will streamline all of the nonproductive back-office administration. It gives you the ability to refocus your time on accomplishing the work that is essential to you, your staff, and the people you serve.
1) Taking Care of Your People
We all know that running a successful nonprofit requires a lot of skill, dedication, and experience. But did you know that it also requires a commitment to hiring the best employees and providing them with the best possible care?
That's right: in addition to being committed to the mission and vision of the organization, nonprofits also need to be committed to hiring and retaining the best employees. And one way to do that is by offering competitive benefits and compensation packages. By offering attractive employee benefits, nonprofits can attract and retain the best employees. And by offering competitive compensation packages, nonprofits can help ensure that their employees are able to provide the care that they need to those who need it most. So if you're thinking about running a nonprofit, remember: it's not only about the mission. It's also about hiring and retaining the best employees.
With a PEO on your side, recruitment, engagement, and development of your workforce is disentangled and streamlined. The right PEO will assist you in locating the ideal people for your team, guarantee a smooth onboarding experience, and help keep them connected to the organization for years to come.
2) Human Resources & Compliance
No matter how big or small your staff is, you need to stay on top of the constantly changing landscape of human resources. You don't want all your hard work in the community to be ruined by a simple mistake that could have been easily avoided.
By staying up to date on regulatory compliance and best practices, you can ensure that your organization is running smoothly and efficiently. Additionally, keeping up with the latest HR news and developments will help you spot potential problems before they become full-blown crises. So whether you have a team of 10 or 100, make sure that you're always in the know when it comes to human resources.
While your staff doesn't expect you to know everything about HR, they do expect that you will do your best to operate a responsible organization. This incorporates deploying fundamental HR systems, policies, and procedures to help keep everyone on the same page and treated fairly. A PEO furnishes you with a full-service program that you can deploy with certainty and without the frustrations of the day-to-day and without the costly mistakes.
3) Long-term Cost Containment
As you already know, working at a nonprofit can be challenging due to budgetary constraints. You must account for every single dollar right down to the last penny. You spend endless hours requesting grants, seeking out new donors, and fundraising for future projects. Securing top talent and more benefits appears to be getting farther and farther out of reach with traditional pathways.
This is exactly why many nonprofits reach out and begin to work with a credible PEO. For less than the cost of hiring an HR professional, you gain access to Fortune 500 level benefits, HR support, and limitless risk compliance support at a cost that doesn't change radically year over year. It's the simple concept of bundling to saving, and both your bookkeeper and employees will thank you for it.
4) Fortune 500 Benefits
Nonprofits regularly battle with offering a similar level of benefits as for-profit organizations. This truth can often hamper their capacity to entice and hold onto first-class talent. The simple truth is that people often want to work for greater causes than money, but they also need to know that they will be taken care of if they get sick or have an accident.
By engaging with a reputable PEO, your nonprofit joins a much larger organization by which the PEO has expanded buying power. This facilitates better healthcare plans, improved rates on those plans, and entry into large group retirement plans. Many nonprofits could only dream of pulling such a program together to offer their valued employees. The good news is that their employees feel the same way and it's not out of reach.
5) Improving Time Management
Finally, improving HR administration comes down to having the right information, in the right place, at the right time. Deploying and managing one system for all things HR means that administrators and employees need only access to one system for HR, benefits, and payroll. Truth be told, the additional time you are currently put into dealing with HR busy work, is time that is time lost focusing on the mission of your nonprofit.
When you choose to partner with a PEO, you're giving over that nonproductive work to an organization with years of experience dealing with those matters. With those obligations removed from your plate, you can zero in on driving your organization to more exciting and fulfilling work.
With a partner in the PEO business like The Mission, you can let us deal with all the subtleties surrounding your search for HR, recruiting, benefits, payroll, compliance, and much more. We achieve this with our team of experts with over 40 years of combined experience that are committed to getting you the best options, at the best price, every time.
For a first-class HR experience that will help you find the best solution for your needs, let's schedule some time to talk today.
About The Mission
The Mission is a leading partner in the PEO, HR, payroll, and benefits outsourcing marketplace. We provide a valuable service for small and medium-sized organizations and government contractors, serving as a trusted partner in integrated human resource (HR) compliance, risk management, employee benefits, employment practices liability insurance (EPLI), and payroll processing.