Employee Leasing Quotes : PEO Blog

Wow, is it crazy out there! I have no idea what’s driving all the dramatic health care increases lately, but it couldn’t come at a more difficult time for employers across the country and they’re scrabbling for quick solutions. Many of heard of Anthem’s Blue Cross increases but it doesn’t seem to stop there. Over the last month, I can’t remember a time that we’ve worked on more benefit driven needs for employee leasing services – and there are great opportunities for savings with a PEO or employee leasing provider!

Mike Burgelin
1-888-582-8388

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

Business owners in the construction and trades industries enjoy the benefits employee leasing/ PEO services have to offer for three main reasons.

Better access to workers compensation

In virtually every state except Texas, workers’ compensation insurance is mandatory. Employers are required to carry workers’ compensation insurance on their employees. The problem is the insurance industry makes it almost impossible for a small contractor to obtain a workers’ compensation policy. Traditional work compensation insurance carriers can require a minimum of five employees or $80,000 in annual wages to secure a policy. Many employee leasing companies, on the other hand, can access coverage for even the smallest contractor.

Savings on workers’ compensation insurance costs

Construction employers can expect to save 10-40% with employee leasing/ PEO services compared to standard market work comp rates. One of the greatest benefits of using an employee leasing company is the pay-as-you-go workers’ compensation insurance coverage, eliminating the big deposits and up-front costs to get coverage. Traditional work comp policies will require a significant down payment (often 3 months of premium costs) to get a policy in place. Employee leasing companies do not require any up front payments for workers’ compensation coverage.

Outsourcing the administrative headaches

Imagine the time savings and freedom to complete payroll with a five minute phone call in the office or on the jobsite. An employee leasing company/ PEO service provides payroll processing, workers’ compensation administration, claims management and HR assistance. For today’s employers, the frustrating tasks of dealing with these issues along with nearly sixty other federally mandated laws can make it almost impossible to work on profitable business ideas. One payment to the employee leasing company covers all your costs for payroll, work comp and payroll taxes.

When you’re ready to explore the benefits a employee leasing/ PEO service can provide for your business, give us a call. Employee Leasing Quotes.com works with a network of construction employee leasing providers. Finding the one that will benefit your business the most is how we save our clients time and money. Contact us at 1-888-582-8388.

www.EmployeeLeaingQuotes.com

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