Outsource Your HR. Offload Your Risk. Optimize Your Workforce.
A professional employment organization, or PEO, provides outsourced human resource functions – recruiting, hiring, payroll, benefits administration, and more – that you would otherwise have to provide yourself.
A PEO lets you tap into ready-made, plug-and-play HR infrastructure, for a transparent and predictable cost. It creates an ideal division of labor: your PEO handles all your employee-related administration, paperwork, legal, and compliance responsibilities, so you can focus your time and resources on growing your business.
Maybe most important, working with a PEO works. Recent data shows that small businesses that outsource HR to a PEO grow up to 9 percent faster, see 10 to 14 percent lower employee turnover, and are 50 percent less likely to fail.
Why does your Cannabis business need a PEO?
In a new and evolving industry, a PEO isn’t just good to have – it’s a ‘must have’ for attracting and retaining the best talent, minimizing taxes, staying compliant, and avoiding costly missteps.
Provide benefits employees want.
A PEO lets you offer your employees an excellent benefits package – healthcare, a 401K plan, insurance coverages, and more – at a price you can afford.
Leave taxes and regulatory compliance to the experts.
Regulations and tax laws are complex and constantly changing. The right PEO helps keep you legal and compliant – and avoid consequences that can damage or ruin your business.
Transfer employee-related risks.
Are you paying the right wages and overtime? Are employees getting daily breaks? Are your managers getting the required training? Are you tracking and reporting cash payments properly? Employee dealings are always risky, but even more risky in an emerging, dynamic industry like yours. A PEO assumes these risks for you and has the expertise to manage them in a way that enhances your reputation as an employer.
Why Choose AdaptiveHR?
To say the HR challenges of running your cannabis-based business are unique is almost an understatement. In fact, you face challenges no business has faced since the dawn of HR as we know it.
Businesses in other industries might be farms, manufacturers, retailers – but your business could be all three. Regulations are new, complex and constantly evolving, and they differ in every state. At a time when few remaining businesses deal in cash, you handle a lot of it – and your viability depends on managing, reporting, and taxing it correctly.
AdaptiveHR is a PEO created from the ground up for Cannabis industry companies. Our leadership has experience advising and guiding cannabis companies. We understand the unique day-to-day operations of your business. We know the challenges that companies in your industry face when providing health and retirement benefits to employees – and we have a simple solution to those challenges. We understand the laws and regulations and tax codes that impact your business. And we understand the need to monitor and respond to those regulations as they evolve.
Based on our expertise and knowledge, we’ve built exactly what you need: a comprehensive, cloud-based HR platform backed by knowledgeable, responsive support staff in every state you do business. You’ll never have to supplement AdaptiveHR with services from another provider: You’ll work with one vendor, and manage one relationship for all your HR needs.