Employee Leasing Quotes : PEO Blog

The best part of being a PEO broker is helping people find a solution that impacts their business and really makes a difference. Many of those moments happen when we’re able to rescue an employer from their state’s assigned risk pool. What’s a state assigned risk pool? While most employers are able to obtain workers’ compensation coverage through the voluntary market (meaning an insurer agrees to write the employer’s policy), there are many organizations that are not for a variety of reasons.

These companies may be in a high-risk industry, like a roofer or anarborist.  Sometimes it’s related to a history of frequent or expensive work comp claims- or perhaps it’s just because a company is too new or too small to be a good risk. Since workers’ comp insurance is mandatory for almost all employers in every state but Texas - a market must exist to ensure coverage for employers unable to get access through the voluntary market. Therefore, state assigned risk pools were made available.

As you can imagine, any business involvement with government usually isn’t good. Many employers face work comp rates in excess of twice the amount of the going industry rate - just because they’re a new or small business. Plus, you can be asked for up to 90% of that up front!

We’ve recently helped tree service, roofing and staffing companies get out of these programs and into an employee leasing service. These employers have saved 33% as an average versus what they were paying for work comp through their states assigned risk pool. They’re also starting services with the employee leasing company from $0 to $500 down, pay-as-you go! I know there are thousands of companies out there that need this help to stay competitive - or to just stay in business. Give us call, we can help.

www.EmployeeLeasingQuotes.com

1-888-582-8388

Earlier this month, the Internal Revenue Service joined the Department of Labor and state agencies in cracking down on employers that misclassify employees as independent contractors, leaving business owners and hiring managers scrambling to reevaluate their contractor relationships and ensure that they are complying with the law.

To help sort through the confusion, here are five characteristics of independent contractors, from lawyers and law firms on JD Supra: Read more:

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Two new insurance agencies in Pennsylvania have chosen Employee Leasing Quotes to be their sole employee leasing solutions provider. We’re very proud of our more than two dozen agency relationships throughout the country and have found them to be an extremely powerful benefit for the business owners we mutually serve.

www.EmployeeLeasingQuotes.com

Fast, productive and busy week, ending with two more newly established brokering relationships with some top tier employee leasing providers and two insurance agencies that we’ve formed marketing agreements with to help more business owners in their service areas.

What’s great about the employee leasing industry is how it continues to evolve, with more services, benefits and unique options available to help business owners. For example, we connected a small chain of supermarkets (grocery stores) in Missouri with a PEO company that was really struggling with payroll and human resource services. They had an excellent workers’ compensation history, so the PEO provider simply carved that portion of the services out, to manage just the problem areas.

A few other industries we’ve been consulting with to provide an employee leasing solution include:

1. A mining company out of Montana. Faced with one of the state’s highest workers’ comp rates, we were able to help them save 27% on their annual workers’ compensation insurance premiums.

2. A structural steel company out of North Carolina. This company recently had an increase in their experience rating of almost 38% based on two expensive work comp claims. Their overall history was excellent up to this time period and the employee leasing provider we helped place them with, virtually erased that increase.

3. A renovated golf resort in Tennessee. The owners have previous experience with employee leasing services and understand the valuable benefits. They’re able to get started with no money down on their workers’ compensation, with a 35% discount off the current Tennessee state rates.

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

January has come and gone and each week continues to bring interesting conversations, problems to solve and businesses looking for solutions.

This week was filled with a variety of industries searching for an employee leasing solution. Current projects include, an All State insurance agency in Indiana, a marine construction company in South Carolina, an HVAC business in Pennsylvania and a moving company in Minnesota.

What makes employee leasing such a valuable service, are the variety of benefits a business can take advantage of, where many times just one, can create a huge impact. Some business owners need to reduce their workers’ compensation costs, others are searching for ways to decrease their group health care insurance, but the majority I’ve spoken with, are just fed up from dealing with payroll and the paperwork hassles that come with it. Always an adventure and always an education.

www.EmployeeLeasingQuotes.com

Well, January’s off to a fast start with lots of new opportunities, a new video, logo and makeover of our site - and some challenges in helping business owners find a solution to their problems.

Some of the businesses that we’ve proposed employee leasing services to this week include a group of hotels in Texas, a cleaning company in Minnesota, a new roofing business in Florida, a trucking company in Illinois and a manufacturing facility in Tennessee.

We’re still struggling to find solutions for the smaller tree service business (50-100K in payroll) and even the small company that has had some work comp claims, that’s about to be non-renewed for coverage by their existing work comp carrier - I’m open to emails or phone calls if anyone can help.

I’m also in need of a provider who has an A rated carrier, who will look at high-risk industries, like cell tower erection and governmental construction and roofing projects. Happy New Year and best wishes in 2011!

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

Lowering Your Compliance Risks.

Legal and regulatory compliance has become a nightmare for business owners. While in the past, many business owners have connected with an Employee Leasing service for savings on workers’ compensation insurance or to reduce rising group health care costs, but with increased governmental regulations and health care reform, help with human resource services have quickly become an urgent need for employers.

Managing unemployment disputes, staying on top of new federal and state labor laws, understanding the new health care reform, as well as proper hiring and firing practices are just a few of the beneficial services you’ll receive from utilizing a PEO service.

There’s a good reason why Employee Leasing services have experienced over double-digit growth every year, over the past decade- because it makes sense!

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As the Employee Leasing or PEO industry continues to grow and I have more conversations with business owners new to these services, one of the first questions asked is, what are the benefits – or how will this improve my business?

The simplest answer is that an Employee Leasing provider will help you reduce three of the most pivotal aspects of running and managing your business.

Number one is, Reducing Your Administrative Burdens. Look, you started your business to sell a product or provide a service, and generate income doing what you’re trained to do, what you love to do. But what kills the excitement and prevents growth, is the time -and money, wasted on work that doesn’t produce a dime for your business.

Dealing with payroll administrative work, governmental compliance issues, workers’ compensation and health insurance management - are a small portion of what costs employers roughly $5,000 a year, per employee - in time and paperwork (Small Business Administration 2004).

Imagine the relief of unloading the responsibilities of annual payroll management, reporting accurate deposits, quarterly reports and dozens of other tedious tasks. An employee leasing provider has a fully staffed team of payroll and human resource experts, dealing with these issues daily for hundreds of employers. This means you can outsource the administrative headaches and the liability - for less than you could do on your own.

Part II – Cutting Business Costs.

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Isn’t this a great time of year to be a sports fan? It is for me anyway – maybe not my wife. I’m watching the Cowboys, Giants game the other night and thinking about, why Wade Phillips is still the head coach (sorry Wade, think you’re a great defensive coordinator). Anyway, my mind wondered off into how sports and business have so many things in common. Here’s just a few and write me back if you have others, I’d like to lengthen the list.

1. A well respected assistant coach shouldn’t always deserve a head coaching job, nor does a veteran salesman deserve to be a sales manager.
2. A good manager knows what the goals should be with the talent their given and takes responsibility if there not met.
3. I’ve been a part of strong and weak talented ball teams and sales teams. The team with the best chemistry usually wins.
4. Both professions require consistent effort to better - to have a chance to be great.
5. Think about it, ball players and salespeople start at fighting for a job, then they either fail to make the cut or begin playing on another level. Then there are, the Hall of Famers for both categories.
6. There are what is called “serviceable players” in each profession.
7. Successful sports franchises and businesses have two things in common: Owners and managers know how to communicate and managers know to communicate with their team.
8. Risks and investments must be taken whether in sports or business to have a chance to be great, otherwise you’ll always be average or less than.
9. How you deal with adversity and losses determines future outcomes.
10. In sports and business, your “statistics” tell who you really are!

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

“On a per employee basis it costs small firms $2,830 more than larger firms to comply with government regulations, a 36% difference and unfair burden to place on American small business.” Read more:

http://www.smallbusinessnewz.com/topnews/2010/09/24/federal-regulations-costing-small-businesses

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