Skip to main content

4 Ways PEO’s Help Franchisees Avoid Headaches

For most franchisees, their best skills lie in running their franchise, not in labor compliance and personnel management. As your labor employee base expands, more time will be spent on HR activities from recruitment to payroll reports. If your daily headache is related to employment activities for your workforce, you can benefit from a PEO.

A PEO, or Professional Employment Organization, is a vendor who partners with your franchise business to provide outsourced HR functions and guidance. If you are not an HR professional, your franchise has probably experienced a variety of employment challenges. PEO’s are there to help with multiple functions that enhance your organization and, often, reduce your costs and risks. They are designed to serve smaller companies who lack internal HR expertise. Usually, a franchise of up to 50 employees can benefit in these areas:
1. Better Benefits: Some states require that businesses offer medical benefits to employees. It is unquestionably a costly requirement. With a PEO, benefit programs are part of a larger buying group that provides your franchise with better group pricing and more generous offerings like free life insurance.
2. Worker’s Comp: In some industries with a higher risk of injury, worker’s compensation expenses are crippling to a small business. With a PEO, small companies have access to a different evaluation process and cost structure. As a franchise owner, this is not a cost-benefit you can access on your own.
3. Legal Compliance: Labor law is unforgiving if you end up on the wrong side of it. Even a small error can deplete a franchise’s financial resources. A PEO offers confidence by ensuring compliance with new laws and updates. In particularly difficult states, like California or New York, the PEO stays on top of labor law compliance details that no franchisee could ever do alone.
4. Reduced Legal Risk: While PEO’s vary, many of them act as a co-employer of your employees. The status changes nothing in your business operation, but it does mean that the PEO shares the legal responsibility to do as they promise—protect you from legal challenges by avoiding them. In addition, as a co-employer, they become co-defendants, if needed, and help protect your bank account from a disgruntled employee or their own reporting mistake.
Hope you liked this blog. If you want set up any new restaurant, wants to take up any food franchise, looking chefs for your restaurant then don't worry SelectDine is there to help you out. Call us or visit our website to know more.


Popular posts from this blog

Own Chai Sutta Bar in 15 lakhs

Chai Sutta Bar is a premium brand which is currently franchising in India. Chai Sutta Bar headquartered in Indore was established in 2016 and since then operates twenty-six outlets across India.Chai Sutta Bar has various types of outlets that you can open if you choose to invest, which includes both sit-down and quick service models. The brand additionally offers operating manuals, expert guidance from head office, billing systems, and on-field assistance for the franchisee. Offering a high profit margin at a low investment cost along with excellent support, you can own a Chai Sutta Bar in 15 lakhs, should you choose to invest. To know more about this brand’s investment details, visit our website to know more .

Restaurant Management Software For Your Business

Restaurant owners most of the time, have to contend with the daily grinds of running their businesses. Managing a restaurant is undoubtedly one of the most daunting tasks that an entrepreneur can undertake. Restaurant management involves lot processes that if done right, would ensure the smooth flow of the enterprise and even increased profits. However, doing all the hard work does not cut it when it comes to restaurant management. Many restaurants end up earning pretty much the same despite best efforts on the part of restaurateurs and managers. This is especially true for small restaurants. Many mom-and-pop operations still contend with the hassles of keeping up with the daily requirements of food service such as menu planning, order taking and inventory update. Fortunately, many technologies are being developed to aid restaurant owners in their everyday undertakings. These technologies take the form of devices and solutions designed to make restaurant owners’ lives a li

How to Safeguard Franchise Fraud

The case of buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you are not alone during the operation. The product or service has already been fully developed; it's simply up to you to offer the product or service on your own terms. There are people out there offering fraudulent opportunities; and while you may think that it could never happen to you, fraudsters are getting more sophisticated in their methods of deception. What is Franchise Fraud? Common forms of franchise fraud include misleading and fraudulent sales practices used to entice prospective franchisees to purchase and invest in a franchise. Misleading sales tactics can come in many forms. One of the more common forms of fraud in the franchise arena is the making of false or misleading statements about projected financial performance. It is, in fact, unlawful for a franchiser to provide any representations of potential or actual financ