Sometimes, every business can use a little extra help. Staying focused on your core competencies means relying on third parties to handle some of your tangential business tasks. Many businesses rely on these third parties for everything from taxes to logistics. One of the most popular outsourced tasks is payroll management. Payroll is one of the most complicated, time consuming tasks to handle in-house-- especially if you employ Canadian workers. That's why professional employer organizations are such a great business resource. They take the complications and time out of paying your Canadian employees. Of course, before you can hire a professional employer organization, you have to find one.
In Canada, PEO’s are more commonly called an Employers of Record (EOR). That's because they take the legal place of other employers, allowing them to pay Canadian employees directly. They act as third party payers, allowing US businesses to pay Canadian employees indirectly, and without violating Canadian laws.
Don't be Afraid to Ask
Finding a high quality professional employer organization may be as simple as talking to your business contacts. Over the years, you've probably gotten to know a lot of other business managers and owners. Talk to them about how they handle their Canadian payroll, and see if they have any recommendations for you. If they use a professional employer organization, and they're happy with the service, that would be a good place for you to start looking.
Search the Web—Carefully
A web search can help you start looking for a professional employer organization, but it shouldn't be your entire search. Use it to compile a list of PEOs that offer the services you need in the areas where you plan to do business. Online reviews and ratings can be heavily biased, so take them with a grain of salt. The important thing is to create a list of possible providers, and to start thinking about questions you want to ask them during interviews.
Before you sit down with a professional employer organization, you should know exactly what you want, and what you're willing to pay for it. Create a list of questions, and be sure to ask for relevant experience in your particular business field. Professional employer organizations can become intimately involved with your business, so make sure you know who you're doing business with.
Get Back to Business
Whether it's an employer of record, or a professional employer organization, these providers let you stick to what you do best. They can handle all of your onerous payroll and compliance tasks, letting you focus your efforts on building your business. Do your homework, ask the right questions, and you'll be more than satisfied with the results you get.