Here at Knit, we’re passionate about helping our clients through every stage of managing and growing their businesses, including assisting them when it comes to choosing the right PEO to meet their unique needs. In the following blog, we share the top tips to follow when finding a PEO in Canada including what to look out for when researching (including your business or industry needs, where to find reviews, and accreditation), Canadian-specific terms to use during your search, and how Knit can be of service to your business through our PEO platform.
What to consider when researching PEOs
When researching PEOs, it’s imperative to remember that they are not one-size-fits-all, and that certain PEOs may meet different needs better than others or specialize in certain areas. Because of this, it’s important to keep in mind the needs of your business to ensure that you can use PEO services to their fullest potential. For example, if your business is part of an industry that happens to have a high risk of workplace injury (ie. construction), it’s probably a good idea to work with a PEO that offers services such as health and safety training.
An essential step when picking a PEO in Canada to work with is reading customer reviews. Websites such as G2 and Capterra host verified written reviews from clients of a wide variety of businesses. Knowing the experiences of actual clients can help you to narrow down exactly which PEOs are worth working with.
Although it is not necessary for PEOs to be accredited it is recommended that the one you choose to work with is, as accreditation ensures reliability including liability insurance, financial stability and more.
Canada-specific terms to use while conducting research
Did you know that many Canadian PEOs also use the term employer of record (EOR)? Thus, if you’re located in Canada or planning to hire Canadian or international employees and searching for a PEO that specializes in Canadian compliance and legislation, ‘EOR’ is a helpful term to use while conducting research.
PEO/EOR services provided by Knit
If you’re searching for an agency offering international PEO services that is located in Canada, Knit is a top choice for offering satisfactory administrative services for you and your employees. PEO services provided by Knit include but are not limited to:
- Payroll: Including direct deposit, year end T4s, tax payments, and more.
- HR: Our HR software includes secure storage of documents, email alerts and reminders and custom employee profiles, just to name a few!
- Performance Management Software: Knit has created an automated performance management platform, so that you can easily administer reviews at any point throughout the year, set customizable objectives and track employee performance, storing all information in the cloud.
- Time Management Software: Our time off feature helps you to easily track time off, set custom paid time off policies and leave types and improves communication between managers and employees.
- Hiring abroad: Knit can help you in your quest to hire and onboard employees and contractors on an international level at a low cost and in an efficient manner.
Why Knit is a top choice for your business
Besides our comprehensive and competitive list of services, Knit is a top choice among Canadian PEO companies because of the user experience that we provide to our clients.
What truly allows us to stand out amongst other companies is our live one-to-one customer support. Our customer support team is here to ensure our clients receive a satisfactory experience while working with us, receiving valuable advice and solutions from our accountants, payroll and compliance experts.
We are also a great resource for accountants, as we have built our platform with their needs in mind. With unlimited pay runs, the ability to manage all clients from one login, T4 filing and WSIB remittances, payroll autorun and the ability to integrate popular software such as Xero and Intuit Quickbooks, Knit allows accountants to automate their everyday tasks so that they can focus their energy on larger projects. We also give our accountants access to the Ultimate Package, which includes a secure document vault, custom payroll fields, cloud accessible documents, records of employment, e-sign custom documents and holiday pay calculations.
Serving over 1000 small businesses and processing $3M in daily payroll, our experienced team are experts in compliance and hiring and managing employees abroad. If you’d like to learn more about Canadian PEOs, we encourage you to read our directory to help walk you through your decision.