Using an employer of record, or PEO service provider, in Canada to handle your employee management processes can be a great choice if you’re unfamiliar with Canadian legislature, don’t want to go through the administrative hurdles of creating a presence in the country right now, or simply don’t have the time to deal with employee management.
However, to find the best PEO service provider in Canada, it’s strongly recommended that you perform some research beforehand. Each PEO service provider will have different sets of offerings, service fees, strengths and weaknesses, customer service levels, and safeguards in place. Choosing the right PEO service provider is important to ensuring you maximize on your investment and get your unique business needs met.
To help you on your search, here are some tips on finding the best PEO service provider in Canada.
Does the PEO you’re looking at engaging know the ins and outs of employment laws, health and safety laws, and payroll laws in Canada? This skill is vital. If the PEO you choose isn’t well-versed in legal compliance and doesn’t know every single law that will apply to your company and your Canadian workers, you’re going to risk your company’s reputation and you can get hit hard with penalties, fines, and even jail time for breaking labour laws. When looking for a PEO in Canada, make sure the one you choose has legal experts on hand so you can ensure that you’re always in compliance.
If the PEO you choose doesn’t have a solid reputation in the industry and is on the government’s bad side for incorrect filings or missed deadlines, you’re going to run into some problems. Government officials prefer to work with PEOs that have the knowledge, skills, and experience required to maintain accounts, file remittances on time, and provide accurate information. It makes their job easier when the process goes off without a hitch, so they’ll look more favourably upon your company if you choose the right PEO.
Not every PEO will offer the same types of services, but choosing one that will take over the responsibility for all of your HR services can be greatly beneficial. The list of human resources rules and regulations is incredibly long, it’s always changing, and it’s hard to keep up with. If your PEO isn’t an expert in HR or doesn’t offer this service, you could be making costly mistakes that can lead to human rights claims that can severely damage your reputation.
You’re going to need some insurance for your workers across the border. If you don’t want to handle this yourself, look for a PEO that offers a comprehensive insurance package that can cover you and your employees if anything goes wrong, such as errors or theft.
Paying your Canadian workers may seem simple, but learning and complying with the tax legislature across the border can actually be quite complex. When choosing a PEO in Canada, make sure you get one that has payroll experts on staff, so you can rest assured that your employees are paid correctly and on time every pay period. Any error in payroll can cost you and cause a lot of headaches, so don’t risk it.
Reap the Rewards of a PEO Service Provider
Whether you’re just across the border or across the ocean, you could benefit from the services and help offered from a PEO service provider in Canada. Your PEO will take care of all of your time-consuming and cumbersome administrative tasks, so you can dedicate your time to your business’s expansion.