How can a PEO (Professional Employer Organization) Serve as Your Partner:
Partnerships in business can open doors and save money, but only if there’s a mutual, strategic benefit. For any size business, especially small to mid-sized operations, one of the most powerful partnerships is outsourcing administrative tasks to a professional employer organization (PEO). For clients of PEOs, employment growth is typically higher than the industry standard, and costs for administration such as human resources is on average, lower per employee. It is only smart to ask us to get you PEO quotes.
There are many ways a PEO can serve as your business partner rather than just another vendor. Here are some of the top reasons to consider one to help your business grow:
Lower Costs – Because PEOs offer HR services to a large customer base, the cost of business administration can be lower compared to managing the tasks in-house. In 2011, the gross profit margin of human resources from PEO clients was nearly $400 less per employee than non-PEO companies.
Unbiased Evaluations – Because workers’ compensation is so heavily tied to workplace safety, having a PEO manage the administration can result in your safest environment yet. PEOs can perform workplace safety evaluations that will help ensure your job site is OSHA and U.S. labor law compliant.
More focused benefits – Managing your employee benefits can help boost your employee retention and as a result, your profitability. If you spend the appropriate time needed to provide a comprehensive benefits package to all workers, you’ll lose your focus on growing your business. By outsourcing, you can create benefits that will keep your workers happy in a cost effective manner.
Reliable payroll – When a PEO manages your payroll, you never have to worry about processing checks, reporting taxes, or dealing with direct deposits. All you have to do is manage the core of your business and let the PEO expert deal with the rest.
If your business simply cannot afford the staffing to manage human resources, payroll, employee benefits and workers’ compensation in-house, then partnering with a PEO, should be your next step. Please use the contact form below to get started.
More here from our friends at Progressive Employer Services