Employee Leasing Quotes : PEO Blog

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

As health insurance and workers’ compensation costs continue to rise and payroll administration and compliance demand more of your time– how do you compete in today’s economy?

Imagine if all the headaches that come with this work were someone else’s problem! Employee leasing services allow you to do just that– all for less than you could do on your own!

The benefits of outsourcing these tasks with an employee leasing company include big discounts on your workers’ compensation insurance, complete payroll administration and access to Fortune 500 type benefits.

Similar to bundling your phone, cable and internet services with one provider to save time and money – employee leasing services allow you to combine the areas of your business that waste valuable time, while saving you money on insurance and giving you the freedom to work on things that really matter –like growing your business.

With hundreds of employee leasing companies to choose from - Employee leasing Quotes.com is the easiest way to find a provider with the services you want at the best possible price.

Employee leasing quotes.com quickly identifies your most important goals. Whether it’s saving on workers’ compensation insurance, driving down health care costs or relief from payroll administrative burdens - Employee leasing quotes.com will access proposals from competing companies that can deliver the benefits you need - to become more profitable and competitive! You’ll receive detailed company information and references on each competing company along with a cost analysis so you actually see where you’re saving money.

Employee leasing quotes.com is free to use and the easiest way to get quotes for your business. Now you can accomplish more of the things you enjoy doing while paying less on employee-related costs! Take advantage of our price plus guarantee and see how employee leasing services can impact your business today!

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

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

Work-related injuries are costly, both to the injured employee and the employer. The longer an injured worker is off the job, the more costly it becomes, monetarily, physically and emotionally.

It’s in the employer’s best interest to help the injured employee get back to work as soon as possible, even if that means “light duty” assignments for a period. An injured worker sitting at home doing nothing can lose up to 30 percent of his or her body conditioning, so the employee has an even greater responsibility in the healing process and preparing for a return to work.

Here are just a few tips for individuals who are recovering from various work-related injuries:

* Try and remain active - Discomfort is to be expected, but try not to eliminate you’re your activities completely unless instructed to do so by your physician.

* Drink plenty of water - This helps you avoid the weight gain, and also provides your body with essential fluids required for proper healing. Water is the main component in healing used by cells.

*Stretch - Specific stretching exercises given by your physical therapist ensures the joints, tendons and muscles are flexible and capable of absorbing stress.

* Maintain restrictions off work - If you’re working on “light duty” restrictions, continue similar limitations at home . For instance, if you have a weight, or movement restriction, don’t go home and move heavy furniture around or weed your garden. Maintain home activities, just don’t overdo it.

* Work toward normal movement patterns - Don’t guard, or overprotect the extremities or the back after an injury. You may cause an increase in muscle tension which will increase the pain. It’s a vicious cycle that can lead to deterioration of the guarded appendage.

Always remember to report injuries immediately. Don’t assume you’ll get better without treatment. Injuries reported quickly are also considered more credible than ones reported a week after the fact.

Employee Leasing Quotes.com provides payroll, workers’ compensation and employee benefit solutions for small business owners. Call us today at 888-582-8388 or visit us on the web at Employee Leasing Quotes. We can help!

In the early 1990s, employee benefit costs as a percentage of total compensation costs increased from 28.2 percent in 1991 to 29.2 percent in 1994. After 1994, those costs steadily declined reaching a low of 27.4 percent in 2000 and 2001. Beginning in 2002 employee benefits costs increased again. By December 2006, benefit costs as a percentage of total compensation costs were 29.9 percent. Source: Employee Benefits Research Institute

I was watching the Presidential debates the other night, and health insurance is still at the top of the “things to do” list. What a mess!

I earned my health insurance license years ago, and began the process of getting appointed with certain life and health insurance carriers. I saw the Aflac commercial and after figuring out what that duck does, decided to include it in my offerings.

For those of you who aren’t familiar with Aflac or supplemental insurance policies, here’s the main benefit. Health insurance makes sure the doctors and the hospitals get paid for the services they provide. But when you’re missing work for treatment on things like sickness, accidents, or even cancer- how do you recoup income lost? The answer is supplemental insurance. These policies pay you cash for unexpected health events like a broken arm, emergency room visits, cancer, even gas and lodging benefits if treatment is out of the area.

An accident policy, for example, pays you a specified cash amount for things like stitches, broken bones, chipped teeth, burns, etc. In fact, about any kind of accident you can imagine going to the hospital, walk-in clinic, or doctor for- they will pay you a specified cash amount.

Yes, it is not health insurance and it usually won’t be enough to pay for that doctor’s visit. But unlike health insurance which costs hundreds of dollars a month, this type of policy will range from just $20-$30 dollars a month. The cash benefits are very good, and once you send in your bill for the service you received, you can expect a check back in matter of days.

I have found over the years these supplemental insurance policies are especially great for small employers who can’t afford the high costs of group health insurance. It’s also a good option for blue-collared employers who deal with employee turnover- which leads to participation issues.

The benefits for employers are significant, as well. First, as the employer you’re not required to contribute to a plan. Second, you don’t have the participation factors - you typically only need as little as three employees who purchase a policy to have a group plan. Third, by offering these supplemental insurance policies, you more likely to experience a drop in workers’ compensation claims.

Why? Statistics show the majority of workers’ compensation claims are filed by noon on Monday. That’s because many claims arise from an accident that happened over the weekend- like an employee jet skiing or playing softball. Without health insurance, a percentage of people wait until they get to the workplace to report the accident as being work-related. With supplemental policies, the insured has an incentive to treat the accident immediately.

The benefits of supplemental insurance are well worth looking into. In addition to costs, participation factors, and ease of use- your employees will be grateful to you for the presentation alone. What experiences have you had with supplemental insurance?

Please call if you have questions regarding employee benefit options for your business. We can be reached at 888-582-8388 from 8:30am- 5:30pm EST. Or log onto Employee Leasing Quotes and get your free, specialized quote for your business.

At just 20 years old, the Employee Leasing, a.k.a. PEO (Professional Employer Organization), industry continues its steamrolling success at a hefty growth rate of almost 30% per year. Approximately 2.5 million Americans are currently co-employed by one of the more than 400 Employee leasing companies operating in the 50 states.

The reason for this trend is the need to outsource the frustrating “business of employment” tasks- such as hiring, human resource training, payroll, benefits and regulatory compliance. Between 1980 and 2000, the number of labor laws and regulations grew by almost two thirds, according to the federal Small Business Administration. This same study estimated owners of small or mid-sized business spent up to a quarter of their time on employment-related paperwork.

Employee leasing companies assume much of this burdensome responsibility and help businesses comply with all regulations. The employer can then focus on the income-producing areas of the business, where he/she is the expert.

Another advantage of using an employee leasing company is their ability to arrange a business’ workers’ compensation coverage with major insurance carriers, as well as manage the claims. They also offer human resources services delivered by certified professionals. Most provide services such as customized employee handbooks, recruitment, pre-employment screening, wage and compensation planning, and assistance with job descriptions.

Employee leasing companies help tens of thousands of businesses provide employee benefits such as health care plans, 401(k) tax-free savings accounts and other perks to their employees. Sponsored benefit programs can include major and supplemental health-care choices, including vision and dental care, employee assistance programs and even adoption assistance. An estimated 95 percent of workers in an employee leasing arrangement have access to a pension plan.

Almost any business can find value in a PEO relationship- clients range from accounting firms and construction to manufacturers and government agencies. The average client is a small business with an average of 19 employees, but some clients have fewer than three employees. Increasingly, larger businesses are signing up, too.

The employee leasing company enables each client company to lower employment costs and increase their business’s bottom line. The client can maintain a simple in-house HR infrastructure or none at all by relying on the employee leasing company. Their professionals can provide critical assistance with employer compliance, which helps protect the client against liability. In fact, employee leasing companies have an 88 percent client retention rate due to strong client satisfaction.

Employee Leasing Quotes was created to help businesses choose an employee leasing company that fits their unique needs. Please call to discover the benefits employee leasing services could have for your business. We can be reached by calling 1-888-582-8388 between the hours of 8:30-5:30 EST.