You have enough on your plate, focus on growing your business and we’ll do the rest
of small to medium sized business owners recommend PEOs to their peers.
of companies with a PEO are happy with their health benefits compared to 45% of their counterparts who are not.
of companies with a PEO are more satisfied with their recruitment brand and ability to attract and retain talent.
So why do 82% of businesses using PEOs recommend it to their peers?
THE CURIOUS CASE OF TWO BUSINESSES
Two companies in Seattle celebrate their first anniversary since the grand opening of their business two years ago. Both employ 8 people, they both pride themselves on offering the best and fastest glass repair and replacement services in their city. Both owners are well educated and brimming with ambition. This was the year for growth. 10 years later one company has 100 employees across five states while the other still has 10. Why?
Both had degrees in accounting and MBAs, both juggled multiple roles including payroll, taxes, workers' compensation, health insurance and HR compliance. With eight employees, it was difficult to manage rising cost of health benefits. It was increasingly difficult to find time to focus on core activities working 80 hour weeks was taking a toll.
One company had the foresight to join a PEO. Their PEO handled their payroll, gave their employees Fortune 500 style health benefits at reduced rates, and made sure they were current with the ever changing landscape of Federal and State regulations and compliance. They also provided HR specialists to systematize their employee onboarding process, strategize an employee acquisition and retention strategy and create an employee handbook.
THE RESULTS - 4 WAYS THE PEO HELPED THE ONE COMPANY TO SCALE
The company who did choose a PEO ended up saving $60,000 per year by not having to hire HR administrative positions. Their health insurance costs were also reduced by 60%. These savings freed up capital to invest in a marketing team. The owner ended up saving hundreds of hours on paperwork because he did not have to fill out 940, 941, W-2, I-9s and do year-end fillings. Their PEO also helped them lower cost and liability burden from workers' compensation coverage.
How PEOs cut costs, mountains of paper work, save you stress and attract top talent
STRESS FREE PAYROLL AND HR ADMINISTRATION
Make sure payroll is on time, while handling your State and Federal taxes and employment verification responsibilities.
FORTUNE 500 BENEFITS MADE AFFORDABLE
Attract and retain the best talent by offering them the best possible health benefits and retirement plans.
ONGOING GOVERNEMENT COMPLIANCE ASSISTANCE
Limit employee related liabilities and errors and let top HR staff handle government reporting, unemployment claims, and audits.
WHO PEOS ARE FOR
You work 80 hour weeks trying to figure out ways to improve shareholder return on investment but have a growing list of responsibilities that prevent you on focusing on your most critical business activities.
You have an existing PEO but you want to see if you can save money and gain better benefits or services using our tools.
You already outsource one or more aspects of your HR activities such as payroll but want to consolidate everything to save costs while getting the most our of your services.
You're buried under a mountain of paperwork trying to keep up with changing State and Federal regulations, tax laws, healthcare and insurance regulations but lack the a dedicated legal department.
WORKERS' COMPENSATION PLAN COVERAGE AND CLAIM RESOLUTION
Reduce your workers' compensation costs and get a designated HR specialist to administer and handle all of your claims.
WHO PEOS ARE NOT FOR
You need absolute control. If you wish to handle every little part of the business and are awry about delegating the administrative HR parts of your business, this is not for you. PEOs handle payroll, health benefits, workers' compensation claims and much more on your behalf.
In the case that you have more than 250 employees, having a PEO might not be beneficial for your company financially.
A PEO might not work for you if you are afraid of change. Having a PEO may require you to move medical carriers, change payroll providers, etc. However with careful planning, these changes, if applicable, will go smoothly.