Looking to expand your businesses reach? Using a ANZPEO is an affordable and timely answer to setting up your business in New Zealand. ANZPEOs take care of hiring employees and the compliance side of your business, leaving you with more time to focus on marketing and perfecting your product.
What is a PEO?
A Professional Employment Organisation delivers goods and services in the form of employee management services and administrative assistance to businesses.
PEOs emerged as a solution to the explosion of outsourcing of administrative and HR related work. The main advantage of a PEO is its cost-reducing measure that ensures your business is taken care of on the administrative and compliance side of the many convoluted and time-consuming laws that face small business owners on a day to day basis.
What does ANZPEO do?
If your business is expanding into New Zealand, ANZPEO functions as the employer for personnel of your business. As a registered PEO, we offer a range of services including payroll, onboarding and HR services to companies who wish to expand into and hire in New Zealand without having to set up a physical entity in the country.
ANZPEOs are an ideal selection for start-up business in New Zealand that need administrative support. This innovative payroll and human resources (HR) foundation frees up your organisation’s time spent on administrative functions while ensuring these essential parts of your business are tended to with care and success. This means that your New Zealand employees can focus on their products and market while knowing the admin side of their business is well taken care of.
How Do Global/International PEOs Work?
Global/international PEOs and domestic PEOs do not always provide identical services. In comparison to a domestic PEO, international PEO outfits usually provide a blanket suite of features to you/your company to support an expansion your business is potentially working towards.
One categorical difference between a domestic and international PEO is that domestic PEOs only operate in one country, meaning their services are focused, and resources are dedicated to one country only. Often an international PEO – commonly referred to as a global PEO, tends to service multiple countries, so their time, customer service and resources can become diluted.
New Zealand Professional Employer Organization Process
Your business will maintain day-to-day control over the employees hired for you by your co-employer (ANZPEO) as the employees are distributed their work and instructions from you/your company.
Co-employment needs two companies assuming the obligations of the employer. You/your company – the ‘operating employer’ – is in charge of the day-to-day correspondence with employees, while the other company (in this case, ANZPEO) is the ‘administrative’ employer, and is responsible for payroll processes, benefits administration and all functions that fall under this compliance umbrella.
PEOs are proven to dramatically reduce employment spending for companies. ANZPEO takes over operational tasks such as processing payroll, employee benefits and essential taxes. This means the PEO assumes responsibility for administration and compliance. PEOs can also provide employee recruitment and onboarding.
The exact responsibilities of the PEO will be decided by a written accord between the PEO and you/your company. Generally, this covers:
- Tax compliance
- Essential taxes
- Payroll
ANZPEOs and Employee Leasing Companies: Differences
PEOs supply employer services to you/your company and its workforce, whereas an employee leasing company provides their own workers to you/your company. Once the assigned work is completed, these workers usually return to the leasing company.
ANZPEOs and Umbrella Companies: Differences
The main role of an umbrella company is to process payroll and tax information. An umbrella company utilises a recruitment agency to hire workers on temporary contracts. Umbrella companies use this system because recruitment agencies usually opt to provide contracts to limited companies to reduce their culpability in the limited company’s functionality. Generally speaking, a PEO offers a full range of compliance and administrative services, whereas an umbrella company does not.
Contact the consultants of ANZPEO today for more information on how a PEO model can transform your businesses administration and compliance into a well-oiled machine.
