Employee Leasing Quotes : PEO Blog

What services do you need? “Picking the right PEO is of paramount importance,” says Sheridan. The PEO should be certified by the Employer Services Assurance Corporation, have experience in the client’s industry and cover that company’s territory, he says. Also bear in mind that some PEOs specialize in a Web-based high-tech approach, while others are focused on face-to-face support.

Remember — each PEO is different, and business owners would do well to read the fine print.

Read the full article here: http://businessonmain.msn.com/browseresources/articles/managingemployees.aspx?cp-documentid=25949577&source=msnmoney

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From Maximizing your Employee Leasing and PEO services, Q&A with successful business leaders, to helpful information regarding new health care laws, we’ve posted our September newsletter for you to view. Follow the link and take a moment to sign up and start receiving valuable tips, trends and expert advice regarding HR issues, payroll, business insurance and employee leasing information.

http://www.employeeleasingquotes.com/employee-leasing-quotes-newsletter.php

Mike Burgelin
www.EmployeeLeasingQuotes.com

For years now, PEO outsourcing services have continued to grow dramatically each year, in every state. While many business owners connect with a PEO service for savings on workers’ compensation insurance or to reduce rising group health care costs, with increased governmental regulations and health care reform, help with human resource services have quickly become an urgent need for employers.

While many may not think of HR services as a “good investment”, if you can’t answer yes on most of the questions below, you’re wasting productive time finding and dealing with the answers yourself.

1. I’m aware of the new federal and state labor regulation changes that took effect this year.
2. I know how to handle unemployment claim disputes.
3. I know which questions are illegal to ask a new hire during the interview process.
4. I understand how the new health care reform laws will impact my business.
5. I understand COBRA compliance and can manage COBRA administration.
6. My employees know that I am an “At Will” employer and understand what that means.
7. I understand all the mandated OSHA forms that apply to my business.
8. I complete performance reviews regularly with all my employees.
9. I know my responsibilities for our out-of-state employees.
10. I conduct reference and background checks on all our new hires.

Find more information regarding PEO services on our frequently asked questions page.

Workers’ Compensation Insurance Differences:

• Costs.
• States that each provider has coverage in.
• Rated and non – rated work comp carriers.
• Risk acceptance. Each company has dramatic differences in the industries they approve.
• The ability to approve high experience modifiers or a bad claims history.
• Some have per claim deductibles - others don’t.
• True risk management services or just a handbook?

Health Care Plan Differences:

• Costs.
• Blue Cross & Blue Shield, Aetna, Human, United Healthcare – which best fits your needs?
• Annual renewal history is critical, so you’re not shopping year after year.
• Deductible options, co-pays and plans.
• Will leasing provider apply credits to deductibles paid in if moving during the plan year?
• Management carve-outs, choice of plans for employees.
• Do you have employees in several states?
• Will provider show up for group enrollment or expect you to do the work?

Payroll Administration Differences:

• Costs.
• Per check charge or payroll driven percentage.
• Charges or no costs for: employee enrollment, garnishments, new hires, etc.
• Delivery costs can vary dramatically from $0 - $25 per payroll.
• Payment options: Automatic withdrawal (ACH), wire transfers, company check, cashiers’ check.
• Remote check printing options.
• Pay cards options.
• Secure, 24 hour online access to your company information.

Other Differentiating Services:

• 401(K) costs and annual fees. Some leasing companies actually contribute to your plan!
• Employer Practices Liability Insurance (EPLI). Charges and deductibles.
• Employee Assistance Programs (EAP). Very useful and powerful counseling and support programs provided at no cost through some providers.
• Long and short term disability insurance.
• Life insurance options.
• Multiple Dental & Vision plans.

How We Can Help

At Employee Leasing Quotes.com, our #1 goal is to make you the most
competitive business in your market by providing you with an employee leasing solution
that fits the needs of your business.

Each employee leasing company is different (just like your business), and unique in their offerings. Their workers’ compensation rates and employee benefit plans have very distinct differences in coverage and costs. Each employee leasing company will service different industries, markets and states. Providing an immediate impact that you’ll notice, in the specific areas of your business that require attention is how we can help.

With over 1000 professional employer organizations to choose from, we make it simple to bypass the research, appointments, sales interviews and follow-up phone calls associated with searching for a PEO organization who can deliver the benefits you need. For over a decade now, our experience working with PEO providers make it easy for you relax while multiple employee leasing services - compete for your business.

The Bottom Line
Employers have looked to us for HR outsourcing guidance for over 10 years. Join our list of success stories that have saved over $42 million dollars in health and workers’ compensation premiums and more importantly, taken control of their business. You’ll feel comfortable when you talk to us. We listen, ask questions and simplify the process. We’re here to help.

1-888-582-8388

www.EmployeeLeasingQuotes.com

1. Time Savings: The most unexpected surprise any new business owner encounters when cutting the ribbon on their new found venture is the internal work that goes into running their business. Insurances, payroll, employee management take up a tremendous amount of time (up to 40% - small business administration) while producing absolutely zero revenue for the business. An Employee Leasing or Professional Employer Organization (PEO) will streamline all of these tasks, allowing you to focus on customers, marketing, training, receivables and many more income producing tasks. 

2. Workers’ Compensation Savings: In many industries, workers’ compensation insurance can be the most expensive part of running of business. Imagine if your work comp costs were ten, twenty or thirty percent less? How much for profitable and competitive would you be? Employee leasing services provide discounts unavailable through traditional insurance carriers, without big deposits, state fees and you’ll never hear the work “audit”!

3. Healthcare Savings: Small business owners experience the frustration of huge yearly healthcare increases as an annual event. Many jump from one plan to other as a result wasting days, even months of shopping and enrollments. By combining your group with hundreds of other small businesses through a PEO service, claims are diluted, providing you with more consistent costs and less time wasted. Employee leasing companies provide a toll free hotline for employees to ask questions, feel educated and most importantly - get help when they need it.

4. Payroll Management: Sure, it’s not rocket science, but payroll is tedious work and you can’t afford mistakes. There’s a reason why 1 in 3 businesses are penalized every year by the IRS. Add the time and money wasted on purchasing checks, envelopes, ink, payroll programs (that require frequent updates) and other material – employee leasing services take all the headaches away! An employee leasing company is responsible for all of your payroll tax liabilities and wage garnishments, while providing custom reports, free direct deposit or debit cards, even certified payrolls.

5. Human Resource Management: Who starts a business with prior human resource management experience? Not many. A simple definition of human resource management by wikipedia is “employing people, developing their resources, utilizing, maintaining and compensating their services in tune with the job and organizational requirement”. A PEO provides a business owner with powerful services and information that help you maximize your investment on employees.

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

Maybe a hand full of times each year I’m asked about the personal guaranty on an employee leasing contract. Why is it there and what’s the purpose?

The main purpose of this area in the contract has to do with payroll. Here’s the scenario: If Joe, the owner of ABC Plumbing, calls in hours for payroll on his employees, then closes the business the next day and takes off – the PEO is responsible for paying the employees who got ditched.

So, if incorporating can shield you personally from liability as a result of bad business practices – this section can strip that privilege away and in this case allow the PEO to go after Joe personally. I’m not aware of any other cases or regular issues that arise where the personal guaranty has been used. If you know, write me a note - I would be interested in hearing about it.

NAPEO (the PEO industry organization) estimates the Employee Leasing/PEO industry grew a very robust $5 billion in 2008, to $68 billion in gross revenues. Today, roughly 700 PEOs are operating in all 50 states.

Employers have been quick to catch on to the benefits of PEO services compared to outdated methods of handling employee related administrative tasks. As a professional in the employee leasing/PEO industry, I’ve discovered in my thousands of conversations with business owners over the years that there truly are “PEO personality types”. Here is a short list of the similar characteristics I’ve found to be present in those who inquire about PEO services.

PEO User Characteristics

Place a higher value on their time. They truly live the saying “time is money”.
Will outsource work that they are not an expert in or that simply isn’t profitable.
Excellent at delegating tasks so they can focus on their core strengths.
Take time to listen or read about new industry ideas and opportunities that can impact their business.
Understand the administrative side of the business is just as important for profitability.
Know their labor costs and issues that may influence their rise or fall.
 

Because every business is different and has their own unique set of goals, obstacles and circumstances- it would be foolish to suggest a PEO is the only service that makes sense. But if you haven’t inquired about how a PEO could impact your business, you’ll never know what benefits you and your business may be missing out on. Contact us for answers to your questions. We can be reached at 1-888-582-8388.

www.EmployeeLeasingQuotes.com

If you’re one of the thousands of business owners out there waiting for our elected leaders to offer you some help during the current economic crisis – keep dreaming! The fact is, those of us who keep driving forward, never even considering anything less than survival on our own will weather this cloud. We always do.

But I know you’re looking at every way to work smarter, cut costs where you can and run a tight operation. If you haven’t heard of employee leasing, also known as PEO services, here’s your business rescue plan.

An employee leasing company handles all of the annoying headaches related to payroll management, workers’ compensation, employee benefits and keeps you in compliance with all our on-going, never-ending governmental regulations. Now, before I get into the real “meat” of the benefits and services, realize not one of those tasks brings in a single dime of profit to your business.

So let’s look at the benefits of these services for your business. A PEO will deliver on time and accurate payroll checks and reports. They’ll deduct and electronically remit all of your payroll taxes. File the quarterly tax reports and issue year-end W-2s . Remit child support payments and other payroll garnishments. Even deal with unemployment claims and appeals. Okay, what else- you ask?

Well, imagine if companies actually competed for your Workers’ Compensation Insurance- instead of the state, an agent or some crazy formula controlling your costs? An employee leasing company can provide you huge savings on your workers’ compensation insurance (typically 15-40%) that traditional insurance carriers can’t.  You won’t be paying any large up-front deposits that can run thousands of dollars. You’re actually on a pay-as-you use plan, which means you’ll never deal with the frustrations of another audit again! And employee benefits?

How about access to the same employee benefits of Fortune 500 companies? PEO services include group major medical and other health plans, dental and vision plans, 401(k) retirement plans, even life insurance coverage. Many employers have seen their group health insurance premiums drop by as much as 30%!

Plus, you’ll have help on compliance issues, such as EEOC/ADA/DOL/FMLA and all the other acronyms we have the time to keep up with. And in today’s litigious environment, you can’t just hire and fire someone without the worries of being sued, so you’ll get help with that, too.

So what will you save? Well, it depends on your current situation but there’s no doubt you’ll save time and money when you outsource the time-wasters and experience the freedom to work on ideas that really matter – like growing your bottom line.

Keep More of What You Earn.

We’ll Show You How.

Call us at 1-888-582-8388

Or log on to www.EmployeeLeasingQuotes.com

We’re proud to announce the opening of www.TennesseePEO.com. Tennessee employers have become one of the fastest growing groups nationwide, to access employee leasing and PEO services. Because each PEO is unique and offers different services, Tennessee PEO.com was started to help employers quickly access competing quotes from PEOs that understand the benefits you need to be successful.

Our quote request form allows us to identify your size, industry and benefit needs so that we can quickly access competing PEO proposals from companies that qualify for your business.

Tennessee PEO proudly serves the greater Tennessee area:

Bartlett | Chattanooga | Clarksville | Cleveland | Franklin | Hendersonville | Jackson | Johnson City
Kingsport | Knoxville | Memphis | Murfreesboro | Nashville

Call us for free advice and information regarding Tennessee PEO services. Our information is free, independent and helpful.

1-888-582-8388