Who would benefit most from working with JustWorks?
Startup with Founding Team
Startup to PEO: Yes & No, JustWorks typically are not looking for anything less than 5 employees on their service unless our team is able to make a special request. Even then it does depend on the growth plans.
JustWorks is a great option for our startups who want access to great benefits, trendy HRIS platform, and flexible service model.
Reasons to buy: Better benefits, lower than standard PEO pricing for admin, HR support, and 401k along with payroll is offered!
SMB with an HR professional
PEO to PEO or Open Market to PEO or PEO to Open Market: If you are an HR expert with a lot of experience at larger organizations, and this is your first startup experience, then you will notice certain things are missing in the HRIS likely provided by Oracle or WorkDay. We find this to be an advantage for most as you are not likely to need enterprise level HRIS integrations unless the growth plans include multiple acquisitions of companies, forcing you to adopt and integrate their workforce.
Whether transferring from one PEO to another, or on a PEO for the first time, JustWorks has supported our clients through either transition. JustWorks is also able to help HR professionals create a smooth workflow throughout the employee lifecycle to capture data when you finally have a moment to breathe.
Reasons to buy: 5 star benefits package, hard to get our clients off of JW once on. Technology Platform streamlines HR process and workflows. Reporting is simple and easily accessible if properly implemented by your internal HR team. Consistent renewal rates for our tech-industry clients.
Quickly Scaling company with 2+ in HR Department
PEO to PEO or Open Market to PEO or PEO to Open Market: If you have a full HR department meaning you have roles filled for different HR competencies like Payroll, benefits, Risk, Talent, Employee Experience etc… Then JustWorks may not be right for you if you plan to keep growing past 125+ wse. They are very transparent about what the right type of client profile is and it seems like they can work on larger groups; however, they are not focused on these clients.
Our clients who are on the PEO may decide to do an insurance carveout. At 50 employees, the value of a PEO does stand; however, it is time to consider a long term insurance strategy. Why? Depending on the company's HQ state, your group may be ready to move to a large group plan on the open market or through level-funded plans. Employee benefits are priced differently for large groups versus PEO or small group ACA plans. How? Carriers for large group plans look at your employee demographics, premiums vs claims, and even what services or prescriptions are being used by your employees on the census provided.
In order to shop level-funded or large group plans against a PEO, you need access to an experienced insurance broker who understands the the PEO model. If you are or plan on being a large group in the next 18 months, benchmarking the PEOs to both large group fully insured and level funded plans directly with the carriers is extremely important.
A perk of being on a large group plan are the insights on claims for your group. A savvy broker will access your group's claims data and create a specific cost sharing strategy that allows the employer to correctly assist the carrier in pricing your group. Helping the three parities: employer, broker, and carrier avoid high renewals and properly manage rising insurance costs! You are able to use their HRIS technology, payroll, and many other integrations while looping in your broker to assist in connecting your benefits admin systems.
Reasons to Buy: Technology Platform for scaling companies with lots of new hire activity. Partnering with the PEO to stay in compliance with multi-state and federal labor laws. Low cost transparent billing model.
How does JustWorks deliver their services?
HRIS Integrations/ APIs: JustWorks' HRIS platform is very user friendly with an intuitive employee interface. Justworks has an App Shop with over 500+ integrations already prebuilt. The integrations cover a variety of services from HR, Finance, and IT. This solution is perfect for companies with a remote workforce.
Admin Support: If you are an employer or account administrator, you will have access to a dedicated support team for your account. They typically assign you a main point of contact and connect you directly to a specialist if the issue requires special attention like a bonus check allocation or how to report a workers compensation claim. They are available via email, chat, or phone.
Employee Support: As an employee, you can expect assistance with locating your benefits contacts, accessing your 401k, questions on a technical issue with the platform, or even a walk through of how to select your health plans. Most employees call in because they are troubleshooting a simple problem or familiarizing themselves with the platform.
How does JustWorks price their solutions?
Justworks prices their PEO and HR service platforms on a per employee per month basis. Justworks is customizable and you may not need all of their products, so they have designed the billing in a way that helps you forecast cost by knowing the cost per user. Some PEO models charge a percentage of payroll; however, many customers find this confusing and JustWorks prides itself on offering transparent billing.
JustWorks does offer benefits through their PEO and they also allow you to carve out benefits and keep your current plans with your broker if needed. JustWorks partners with third party providers and carriers so you can offer: health insurance, 401k(k), commuter, and more.
You can get your Workers Compensation through JustWorks or simply keep it with your current broker as a Workers Comp carve out. JustWorks allows you to have a pay-as-you-go workers compensation payment each pay period versus the traditional quarterly or annual audit most companies use.
How to get a quote for JustWorks' services?
Work with Broker
A good broker will manage quoting process, negotiate best terms and pricing, and assist in the collection of RFP documents. A great advisor will know which options to share with you, because they understand your business. Some brokers don’t understand PEO because It’s complicated and includes a ton of knowledge around how payroll and tax payments work so be sure to work with someone knowledgeable.
Direct to Company
Great if you know exactly what you want and understand how to financially engineer a PEO’s total offering from WC, fed + state payroll tax, retirement funds, employee benefits, HRIS software billing, and much more.
JustWorks is a great option to consider and you can find out more about JustWorks on their website at https://www.justworks.com/
If you would like us to help you compare JustWorks to other providers schedule some time on our calendar here.
We typically save our clients between 50 and 70 hours while finding the best companies and services specific to their needs.