Employee Leasing Quotes : PEO Blog

I recently spoke with a small Georgia business owner who owns a remodeling business. He’s lived and worked in the same town for years now. Although I don’t know his reputation first-hand, the fact that he’s been in business for over 20 years in this town tells me he’s probably doing something right.

He had recently been audited and, well, let’s just say it was more than shocking.

In fact, he was flat out livid about how much his workers’ compensation cost. We began talking about his business and how many employees he had, what their annual pay rates were, etc., trying to get to the bottom of what went wrong. His payroll and bookkeeping work was handled by his wife - with help from an accountant.

Unfortunately, I knew pretty quickly that this was a story that I had heard way too often. A story of a small business owner who does great work and has a good reputation- but never really gets to see the fruits of his labor because of the lack of attention he pays to the other areas of running his business.

The more we uncovered his deep-rooted problems, he realized it was well past the time to stop taking on jobs until he knew if they were profitable jobs to take.

We begin adding up the numbers so he could see for himself. For every $100 dollars in payroll, his actually labor burden was $142.46. Here’s how we arrived at that number.

1. FICA – matching social security & medicare               7.65

2. FUTA – federal unemployment tax                                   .80

3. SUTA – state unemployment tax                         2.00

4. Workers’ compensation                                                27.51

5. Administrative costs                                                         4.50

Labor Costs =                                                                   $42.46

The costs were to the penny, except for the administrative burden. This was another area of distraction, frustration and regular bills. Although it was tough to really know what his true costs had been, we used a Department of Labor statistic as an independent number. The statistic states that a typical business spends 4.5% of gross payroll to manage payroll, workers’ compensation (risk management), government compliance, human resource and employee benefit administration.

 After he was able to view his true labor burden rate, he was both excited and disappointed. Excited that he could now actually bid future projects knowing exactly what his costs would be- disappointed that he hadn’t taken the time to put this formula into his bids in the past.

One of many benefits employee leasing companies provide are payroll reports that show you all of your labor costs. Whether you’re selling food, pools or in the case of Charlie - remodeling services, if you don’t know what your costs are, how can you know if you’re making a profit, breaking even or even worse, losing money?

For almost 30 years now, employee leasing services have been helping small business owners save money on workers’ compensation, reduce payroll administrative hassles and have given back employers their time to concentrate on income producing ideas. When you’re ready to learn more about what employee leasing services can do for your business, give us call. Our information is free and helpful.

Call: 1-888-582-8388

www.EmployeeLeasingQuotes.com

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Employee Leasing Services Can Help You!

Employee Leasing Quotes.com is known for its professional service of matching business owners with the right PEO, but there are plenty of other good reasons to choose us for your employee leasing needs. Here are just a few:

You will always speak to a live person when you call us. We don’t believe in “Press one for customer service”. Customer service answers the phone.

We work with over three dozen employee leasing companies. In just one call to us, you have access to all of them. We save you the effort of interviewing multiple companies- we’ve done the research for you!

We pride ourselves on our excellent customer service. We work hard for our clients and want to help them become more successful.

We are experts in the PEO/ employee leasing industry. We stay on top of trends and watch for changes so you don’t have to.

We know time is money, so we work hard to get you the best rates in a short amount of time. Usually we can give you your quotes within 24 hours.

We’re always here to answer questions. Whether you’re confused about a change in workers’ compensation rates or need advice about a payroll issue, we are always a phone call away.

We have many long-time clients who have used our services for years because of the value we provide year-round.

…besides all of those reasons, getting quotes for your business is free!

When you’re ready to start saving time and money, or you just want more information about how our company can help you do both- call us! We are committed to helping small business owners. Become another one of our success stories today!

www.EmployeeLeasingQuotes.com

1-888-582-8388

Running a business can be such a rewarding experience- but it can be
extremely demanding, as well. Let’s face it, most of us jump into business
ownership because we believe we can do things better, be more efficient
and provide better quality than what we experienced as employees.

What we don’t consider is the “business of running a business“. Sure, we
understand hiring and training employees, negotiating wages and dealing
with some unwanted paperwork is part of the process, but those things can
quickly become a full time job on their own.

New business owners are thrown into a world filled with things like matching
FICA taxes, workers’ compensation and general liability insurance. 941 reports,
deposits and audits become part of your working vocabulary.

And then you begin to question that “great idea” you had to run things on your
own.

I’ve seen the stories hundreds of times- people who have terrific restaurants,
build quality custom homes or service their pool cleaning customers like no one
else– they are the best at what they do! Getting customers isn’t the problem.
Controlling employee-related costs and keeping up with all the paperwork is what
keeps them from maximizing profits.

Employee leasing/ PEO services jumped into the business world roughly thirty
years ago with a simple concept- giving employers back their precious time.
When employers outsource their payroll, reports, audits and many other time-
consuming hassles to a PEO, they can turn their focus toward running their
business.

By managing hundreds of payrolls for business owners, the employee leasing
company can do processing of payroll cheaper than an employer could do on
their own. Plus, the PEO buys workers’ compensation for thousands of
employees which enables employers to save money and reduce their overall
costs.

The employee leasing company offers other services, including group benefit
options that even the smallest of employers would have access to, and a HR
(human resources) professional on staff to answer questions and keep
employers in compliance with every new business regulation.

When you think about it, employee leasing services follow common business
strategies that well-known executives have been preaching for years- “Do what
you do best, outsource and delegate the rest.”

So, can employee leasing really cut “the costs of doing business?” Definitely! The
PEO will allow you to concentrate on building your business while controlling your
administrative costs. How much you’ll save depends on your current situation.

When you’re ready to choose an employee leasing company, let Employee Leasing
Quotes.com help you sift through over a thousand employee leasing services. Because
each employee leasing company services different states, industries and markets,
there may only be a handful that truly fit the needs of your small business.

The power of multiple employee leasing companies competing for your business
saves you time and money! Our price and service guarantee eliminates the hassles
of interviewing endless salespeople.

www.EmployeeLeasingQuotes.com

Call us for answers. Our information is free and helpful.
1-888-582-8388

1. You’re a numbers guy:

You look forward every year to the new IRS (Circular E) employer’s tax guide. Even when you were young you loved solving math problems and the IRS always adds a new wrinkle to the equation, so that makes it even tougher.

2. You always need something to do:

Lucky for you, the state and federal government keep adding employer compliance laws you’ll need to stay on top of. Abbreviations like COBRA (not the snake), ERISA, ADA, HIPPA and FMLA are just a few that you’ll enjoy reading up on.

3. You’re a shopaholic:

Clothes, shoes, insurance- it doesn’t really matter. Every year, renewals on workers’ compensation and health insurance benefits are just another opportunity to shop. You also get the side benefit of reading all the new changes in deductible options, co-pays, limits, exclusions, networks, provisions and so on.

4. You’re a good debater:

You were first in your class and county champion, so you look forward to workers’ compensation audits. This annual showdown gives you the chance to single handedly take on big insurance.

5. The thought of not seeing Jennifer, the pretty blonde teller, at the bank when you have to make timely payroll deposits is reason enough.

6. Outsourcing payroll would take away Sally’s only job:

Besides a few IRS penalties for late payments and abusing smoke breaks from time to time, she’s always there to talk to. She plays a mean game of online chess and she actually did get you back some money once for overpayment on payroll taxes.

7. You’ll lose all your power:

Sure it takes up a lot of time to sign payroll checks, 940, 941 and a few dozens other forms regularly - but you’re the boss. Delegating or outsourcing employee-related issues shows a sign of weakness.

8. You’re a hard working thrill seeker:

There’s no better feeling of accomplishment than finishing up payroll at midnight on a Thursday. The rush of pushing it to the limit, knowing your life could be in danger if paychecks aren’t ready Friday morning is exhilarating!

9. Outsourcing the payroll would provide a legitimate excuse not to pay Bill, Johnny and Bob twice a week - loans on Tuesday, payday on Friday.

10. Because it might cost more:

You know what your costs are now? Why change? Besides, change can be difficult, even disruptive. Even if it costs less, how much could you really save?

There’s a reason why the U.S. Department of Labor predicts that by the year 2020, half of American employees will be getting paid through employee leasing companies– they work!

When you’re ready to start saving on workers’ compensation costs, reduce payroll headaches and provide better employee benefit options, give us a call. Our information and multiple quotes cost you nothing! So what have you got to lose?

1-888-582-8388

Employee Leasing Quotes

“After hearing about employee leasing from some of my friends, I thought it was time to look into the service for my small business… little did I know I had some serious work to do.

The phone book certainly had a number of employee leasing advertisements and so did the internet. After an hour of looking through the ads and websites they all looked pretty similar, so I figured a few quotes from both wouldn’t hurt. First stop- the phone book.

The first salesperson I spoke with answered a few of my questions, but was pretty intent on setting up a time to meet with me. I figured this was probably going to be part of the process, so I blocked off an hour of my time for a few days later.

The second company I called didn’t go so well- in fact, it didn’t really go at all.

The first voice I heard was an answering system that gave me seven options to choose from. Option 3 “Sales” (not that I wanted to be sold) was the only presumptive choice, so I dialed in. When I was greeted by another digital person (voice mail), I decided to cut my losses. Time to move on!

Since the phone book was open, I dialed again- call number three. After another brief conversation with a salesman, appointment #2 was set on the calendar. Time to get some real work done for a while.

At lunch, I hopped on the internet. The first site I found was like reading the dictionary of employee leasing/ PEO services. It said they gave “quick and easy quotes” but I didn’t see anything quick and easy about it.

The second site was about as quick and easy as it gets. I had a quote form with a few dozen fields that popped up right on the front page. Even though I was a little apprehensive, I filled it out anyway and clicked submit. After giving my information to three different companies– I was done for the day! Or so I thought.

A few hours later I received a call from the online company. The saleswoman told me their company services a minimum of ten employees or $250,000 in annual payroll, which meant my eight and $210,000 was a little short.

Time to move on again! I did have those appointments later in the week, though, so I was still hopeful.

After a week had passed and my two appointments made their sales pitches, I finally got my quotes. While the overall rates were pretty similar, I got out my glasses to read the fine print and noticed a variety of extra fees. Delivery charges, new employee application set up fees and EPLI charges (what’s EPLI?) were all part of the costs- but they varied dramatically. One offered online payroll, the other didn’t- and both had very different employee benefit options.

My enthusiasm had turned to exhaustion. Realizing that I would soon be receiving follow up sales calls (a.k.a. getting sold again), I threw in the towel, turned on my voicemail and returned to work.”

-Anonymous Small Business Owner

If you would like some real help in your search for an employee leasing company, give us a call. Our consultation is designed to save you time, and guaranteed to save you money. Best of all, our quotes and information cost you nothing! We know who the employee leasing companies and PEOs are, who they service well and whether or not they can fit the needs of your business.

Call us for Answers

1-888-582-8388

Employee Leasing Quotes

It was over eight years ago when I first came up with the idea for Employee Leasing Quotes.com. At the time, I was working for a payroll company and competing against a number of employee leasing companies. To contend with that service, I made myself very knowledgeable about their services, rates, what they were doing well and what they weren’t doing so well.

I was also working with a friend in the insurance business who specialized in workers’ compensation insurance. He really taught me a lot about using a stand alone policy versus using the services of an employee leasing company.

The more I learned, the more I realized that using employee leasing services made sense for many small business owners.

So I began making contacts and building relationships with employee leasing companies I heard good things about- ones that were consistent with their rates, fees and services.

I quickly became aware of the differences in these companies- that they cater to the needs of employers in different industries. For example, some design their programs to benefit roofing or construction companies, offering discounts on workers’ compensation. Others focus on high quality benefits that would be an advantage to a medical office or professional services firm.

My concept for Employee Leasing Quotes was to consult with business owners based on their needs and find them the proper service fit. Because I worked with many companies, I had the ability to offer my clients several options.

Years later, my company still operates on the same idea. I’ve worked with thousands of employers over the years, and it’s always been my goal to provide them with an employee leasing company that will help them increase their profitability and give them back their time to concentrate on ideas for growth.

Call me at 1-888-582-8388 or log onto www.EmployeeLeasingQuotes.com to find out more about how my company can help you. Best of all, my expertise and guidance is provided to you free of charge. I look forward to hearing from you!

The IRS is giving employers a break this year.

No, that’s not a joke!

Because of the high gas prices that we are all enduring, the Internal Revenue Service has done a mid-year adjustment to their standard mileage rates for 2008. The rate has now increased from 50.5 cents to 58.5 cents per mile.

Taxpayers can use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Unfamiliar with the standard mileage rate concept? When calculating deductions for business auto use, taxpayers can use either actual expenses (keeping track of gas and repair receipts for the year) or the standard mileage rate. The mileage rate takes into consideration not only fuel prices, but maintenance and depreciation. Using the standard mileage rate is sometimes preferred because it makes record keeping extremely easy.

You can find out more at the IRS Website.

Find out how your business can save even more money by using employee leasing services by logging onto Employee Leasing Quotes or calling us at 1-888-582-8388. Our information is free and helpful!

Those who own a successful tree service business are smart, tough, patient, hard working, multi-tasking individuals who are used to improvising on a moment’s notice.

Those who aren’t all those things probably aren’t very successful at owning and managing a tree service business.

In a highly competitive, dangerous profession that can sometimes feel like an endless Easter egg hunt for quality employees, dealing with payroll and insurance issues is just a frustrating (but necessary) waste of time.

What continues to separate the profitable, successful tree service companies from the rest is the use of employee leasing services.

The reasons why? Let’s start with workers’ compensation insurance. Arborist and tree service companies across the country pay some of the highest workers’ compensation rates of any industry. Employers in Georgia, South Carolina, Alabama and Mississippi pay extremely high rates.

An employee leasing company buys workers’ compensation for thousands of employees, which reduces the overall rate compared to purchasing an individual policy. While a rate reduction has little effect on a clerical employee, there can be dramatic differences on the costs for employers in the tree service business.

For example, let’s say you own a small tree service business in Georgia. You have 5 employees with an annual payroll of $130,000. The state rate for climbers and ground employees is $39.28 per hundred dollars in payroll. This would make your annual premium $51,064.

An employee leasing company that specializes in the tree service industry could potentially save your business up to 20% off the state rate. The annual premium would be a dramatic reduction at $40,846 – an annual savings of over $10,000. Some of the other benefits employers receive are no down payments or deposits and no annual expense constant (money that goes to the state).

An employee leasing company will allow you to concentrate on building and expanding your business while controlling your administrative costs. How much your company saves depends on your current situation.

The benefits of an employee leasing company in the tree service industry enable small business owners to outbid and outwork their competition.

When you’re ready to obtain multiple employee leasing quotes for your business, let us do the work for you. With over 1000 PEO/employee leasing companies that service different markets, states and industries, there may be only a handful that truly fit the needs of your small business.

The power of multiple employee leasing companies competing for your tree service business saves you time and money! Our price and service guarantee eliminates the hassle of interviewing endless salespeople.

Call us for answers. Our information is free and helpful.
1-888-582-8388

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