Employee Leasing Quotes : PEO Blog

Part III

Employee Benefits

A quality employee benefits program improves morale and helps to reduce costly employee turnover. Employee leasing/PEO services give you the ability to access the same benefits for your small business that Fortune 500 companies offer. A PEO can also relieve a number of administrative hassles that come with managing employee benefit plans yearly. Can identify with some of the hassles below?

1.      Are you shopping for new rates and filling out employee questionnaires almost yearly?
Renewal rates with a PEO are much more consistent because of the amount of employees involved in the plans. You won’t experience the dramatic increases that are forcing employers to pay more for less coverage - year after year.

2.      Is the administrative work that comes with providing employee benefits growing yearly?
Accounting, COBRA administration, Section 125 documentation, deductions and more governmental regulations to come - you can outsource this work to experts at fraction of your current costs.

3.      Do employees come to you with policy and claims questions?
Wouldn’t it be nice to refer them to a name and an 800 number? A PEO will allow you to do just that.

Most employers truly care about their employees and want to be able to provide benefits. In fact, the Small Business Administration (SBA) reports that the current number one small business issue is the cost and availability of Insurance. The next and final of the four core PEO services we’ll discuss is human resources. Every year, human resource work is becoming a stronger issue that employers must address or face potentially devastating consequences.

www.EmployeeLeasingQuotes.com

1-888-582-8388

Part II:

Workers’ Compensation

Through the years, saving money on workers’ compensation insurance has been the #1 reason business owners partner with an employee leasing/ PEO service.

No matter the size of your business, management of workers’ compensation presents a different set of battles for every employer. See if you can identify with some of the questions below. The answers may help you pay less and work less on workers’ compensation administration throughout the year.

1.      Are you certain that you’re getting the best workers’ compensation rates?
The average work comp premium savings with a PEO is between 15-30%. It could be more, but you won’t know till you call.

2.      Have you ever felt cheated or frustrated with work comp audits?
You’ll never deal with an audit again with a PEO!

3.      Are you confident legitimate or fraudulent claims have been handled properly to help keep your work comp costs low?
Because your insurance is the PEO’s insurance, all work comp claims affect their bottom line. They have a strong, vested interest in managing claims quickly and properly.

4.      Would you like to spend more time on employee safety programs but need help with information and implementation?
A PEO can tailor a professional safety programs just for you. You’ll also have access to experts for questions - when you need answers.

5.      Did you know that you can pay up to 40% less on workers’ comp with a PEO compared with many state pools?
If you’re a small business or work in a higher - risk industry, these state pools are often your only option. The right PEO can save you up to 40% - without the huge deposits!

6.      Would you like an easier way of dealing with workers’ compensation insurance?
A PEO won’t charge you annual state fees, you won’t get regular letters, rate/code changes and you’ll never deal with audits!

Even if you’ve had a business for just a short period of time, you can probably identify with a few of these workers’ comp questions. You may find other issues that you can identify with when we look at employee benefits.

www.EmployeeLeasingQuotes.com 
888-582-8388

Part I: Payroll

If you’ve started looking into employee leasing/ PEO services, the core questions you’re looking to have answered are probably, “What’s in for me?” or “How will I benefit?”

Because each employer has his/ her own set of business dilemmas, goals and objectives- there could be just one or several services provided by the PEO that could dramatically impact your business.

There are four core services provided through an employee leasing arrangement. This week I’ll list a number of questions for you to consider that may answer the question, “How could a PEO help me manage my payroll issues?”

1. Complete payroll management consists of so much more than just entering in hours and kicking out paychecks. Do you know your current costs for complete payroll management?

With a PEO, you’ll know to the penny every pay period. Usually, the costs are much less than doing it in-house.

2. Payroll generates zero income for your business. Could the person responsible for payroll be doing something that generates profit (marketing, phone calling prospects, collections, etc.)?

A PEO lets you direct all of your resources toward income-producing ideas.

3. Do you buy or upgrade payroll software, forms and checks regularly?

You can eliminate software programs, new governmental forms and the purchase of payroll checks with a PEO service.

4. Are your payroll and tax deposits always on time and accurate?

1 in 3 businesses every year pay fines and penalties for mistakes. A PEO assumes the liabilities associated with timely and accurate tax deposits.

5. Do you have wage garnishments checks to be issued - and has that become an annoyance?

PEO services take this common headache away.

Is there one (or several) of these payroll questions that you can identify with as a problem? You may find other issues that you can identify with when we look at workers’ compensation.

www.EmployeeLeasingQuotes.com

1-888-582-8388

As an Employee Leasing/ PEO Broker who works and communicates daily with a number of PEOs nationwide, I really get a feel for the direction a PEO is headed. What exactly does that mean? Well, for starters- as a PEO broker, I view my business as a potential A+ customer for the PEOs we work with.

Why use the word potential? Because if I’ve been sold on the value, benefits and services your company can bring to specific clients, then we can begin a business relationship - similar to the process of selling directly to clients. Just the same, after we begin this association, I need regular affirmation on the value of doing business with you.

Inform me on what’s happening with your PEO - new programs, customer reward incentives, document changes, etc. Don’t be afraid to brag a little.  As a broker, I want to see that you’re unique and have a clear difference between you and everyone else.

Send me your monthly newsletters and customer success stories. Update me on annual benefit renewal dates and pricing changes. Call me about creative offers you have in place for new clients. In short, treat me as though you would an A+ customer– and I’ll be one!

Unfortunately, many PEOs don’t understand this basic business practice, and for many- the clock is ticking. If you’re the type of PEO that shares my attitudes and beliefs, please call or write - I’m always interested in building new relationships.

Mike Burgelin
1-352-474-6444
Mike@EmployeeLeasingQuotes.com

www.EmployeeLeasingQuotes.com

If you’re a contractor and have experience working disaster recovery events - you should have your own evacuation plan when work calls.

Being prepared and ready to take advantage of an opportunity requires you to be insured correctly before the bell rings. What most contractors don’t know until it’s too late is #1) Their current workers’ compensation policy is inactive or useless if you work outside of your state. In other words, if you want to go work in another state you’ll have to buy a policy in that state. This also means different rates and large premium deposits - if you’re able to get coverage!Coverage is difficult to access because insurance companies don’t want short-term policies with risk involved. They’re also aware of the contracts involved and know many times wages are underreported, daily cash work is involved, which means lots of liability.

What most contractors need to know is #2) An employee leasing company can make life easy when the big break comes. There are unique employee leasing companies or PEO’s as they’re referred to that specialize in the disaster recovery industry. Their workers’ compensation policies cover multiple states so your ready to go. You’ll usually save between 15-40% on your work comp vs traditional policies and you can get started up for as little as a few hundred bucks.

They also provide payroll for your employees - delivered wherever you are! Imagine calling in payroll hours on your cell phone in 5 minutes and receiving your employees checks at the jobsite. Many employee leasing companies offer free direct deposit.

By combining payroll and work comp insurance services you’ll never have audits and you’ll have done away with two headaches, all for less than you could have done on your own!

Consider employee leasing services not just for disaster recovery services but for daily business services. “You’ll wish you would have done this years ago.”

www.EmployeeLeasingQuotes.com 1-888-582-8388