Plaza Bolivar Bogota

Many companies struggle with HR management and handling fees for employees. It can even prevent your company from growing. This is why many companies seek assistance with their PEO-services. Research also indicates that using PEO services can help you grow and lower your costs.

Benefits of using a PEO-service

Lower your costs

Companies that offer PEO services usually provide a large range of HR services at a lower cost. Especially PEO companies found locally can be more economical than large scale firms with no local presence. In addition to price, local PEO service could have more know-how on lowering costs.

Quick market access

If you are interested in expanding your business abroad, it can sometimes take months to start a company. Not to mention the hiring process can be equally long. If you choose a good PEO-service company, they can hire staff in just a few days.

No administrative burden

We all know that hiring is a huge administrative burden and can be challenging. The task can also prevent you from growing. With a PEO, they can provide you with the right resources and you keep focusing on your business.

Employee onboarding

Usually it is also very time-consuming to onboard a new member of your team, not to mention the amount of paperwork. It is also costly to handle the interviewing, medical requirements, reference checking etc. Good PEOs usually offer these services that can help your process find your ideal colleague and addition to the team.

Reducing your risk

Many companies are hesitant to try their operations in other countries. This is because it can be a financial risk. The comfort of PEOs is that they are specialists. Filled with significant local knowledge of taxes, laws and regulations enables you to take a safe route towards a new market.

You are not alone!

Having another company help you with the administrative work as a co-employer removes a big headache from your business. They bring in expertise, personal service and reliability into your company and to your employees. You don’t just save time, but you usually receive strategic help with HR areas. All in all, it means you are not alone exploring a new market. You have a reliable companion.

Are you looking for a reliable PEO partner in Colombia?
Please contact us here and we will be happy to talk you through your opportunities. 

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