Employee Leasing Quotes : PEO Blog

I got an email today from a PEO rep that I’ve had the privilege of knowing and working with over the past few years. She told me she “had just left” the company she’d been working for and was looking at a new sales position in another industry.

I don’t know if she was “let go” or left, but we’ll talk soon. Regardless, I know she wasn’t given much to sell with, in large part because of the economy and fairly - because of what her company has probably had to do to stay in business.

In almost twenty years of B2B sales, this individual is one in a few that you remember. Right now, you can bet there are a number of extremely qualified professionals looking for the right opportunity, to do what they do best – produce and help grow a business. If you have the resources and who doesn’t need highly skilled producers, there’s never been a better time to capitalize.

Mike Burgelin
Employee Leasing Quotes

I recently received a phone call from a prospective company that had used a PEO service in the past. The first question they ask is if they would be required to sign a yearly contract, because they had service issues with their previous provider but where held to a contract. I promptly told her “no” and that we require our PEO providers let their performance determine your loyalty.

Isn’t that the way it should be? Why force a customer to continue doing business with you if they don’t want to? I know it takes take to setup a new client and an investment in time, energy and money is undertaken – but this is part of the selling process where a sales professional should be indirectly making this point. From then on, you’re still required to keep selling your services to the client to keep their business!

The point is, can you use not having a contract as a selling advantage, or is it worth a pissed off customer who’s required to stay with you telling everyone they know how lousy you are?

Mike Burgelin
www.EmployeeLeasingQuotes.com

Here’s a great article passed along to me regarding the true costs of employees.

http://money.cnn.com/2010/03/26/smallbusiness/employee_costs/

Mike Burgelin
1-888-582-8388

Tax credits

From 2010 to 2013, businesses with fewer than 25 employees with average annual wages of $50,000 or less are eligible for tax credits of up to 35 percent of the employer’s health insurance premium.

Beginning in 2014, eligible employers can get a tax credit of up to 50 percent for two years for insurance purchased through health insurance exchanges.

New taxes

A 40 percent excise tax will be imposed in 2018 on employer-sponsored health premiums that are above $10,200 for single coverage and $27,500 for family coverage.

In 2013, the Medicare payroll tax will be increased by 0.9 percentage points for individuals earning more than $200,000 ($250,000 for married couples filing jointly). Tax also will be applied to net investment income.

Annual flat fees will be imposed on pharmaceutical companies in 2011, medical-device manufacturers in 2013, and health insurers in 2014

Health insurance exchanges

State-based exchanges will start in 2014, with Web portals that will allow individuals and small businesses to comparison shop for insurance.

All insurers in exchange must provide core set of benefits.

Insurers in exchange can’t deny coverage based on pre-existing conditions, selectively refuse to renew coverage or charge different premiums based on gender, occupation or pre-existing conditions

Shared responsibility

All individuals will be required to obtain insurance, except for those who obtain hardship waivers.

Employers with more than 50 workers that do not offer health insurance will pay $2,000 per full-time worker (not including the first 30 workers) if any of their employees purchases government-subsidized coverage through an exchange.

Employers with more than 50 workers that offer unaffordable coverage or coverage that does not cover at least 60 percent of allowable costs will pay $3,000 for any employee that receives a tax credit in the exchange

Source: House Energy and Commerce Committee

www.EmployeeLeasingQuotes.com

It’s been almost 30 years ago now that employee leasing services also known now as Professional Employer Organizations or PEOs were revolutionized to transform the way businesses operate. In short, the basic problem and solution was that you start a business in order to sell a product or provide a service in hopes of generating revenue. Then you quickly discover the necessary but time-consuming issues of payroll administration, employee and workers’ compensation insurances, personnel management and governmental compliance issues. All non-income producing work that prevent a business from maximizing profitability!

An employee leasing service eliminates these problems while providing powerful business benefits!

Employee leasing services process and deliver payroll to your office, they assume liability of all your state and federal payroll tax deposits, submit quarterly and year-end reports, even mail out W-2s and wage garnishments - all for less money than you can typically do on your own!

Workers’ compensation insurance benefits include big discounts (up to 30%) compared to traditional carriers and the state fund. You’ll also have the advantage of a zero down, pay-as-you-go policy that eliminates the hassles of time consuming audits.

Plus, you become part of a large buying group that gives you access to big company benefits at reduced rates. While there are many more advantages of using employee leasing services, cutting employee related expenses, while giving you the freedom and time to generate income for your company are the core benefits of a PEO.

The idea and concept seem simple and make sense in today’s business environment as we’ve become accustomed to outsourcing more services that add nothing to the bottom line. Think about it, business owners now regularly lease or outsource things such as tools, equipment, office furniture, copiers and printers – even labor.

Over the last thirty years these opportunities have continued to multiple as our time holds more value and the benefits just make sense. There’s a reason why employee leasing services continue to experience double –digit growth each year. Similar to paying our bills online or combining phone, cable and internet providers for one easy check to write, are you ready to investigate the advantages an employee leasing service may have on your business?

Mike Burgelin
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

Running a business these days is tough. But when you think about (which I’m sure you have over some sleepless nights) you can only control so much. For me, there are two basic areas that I consider as my starting point and build my priority list off of almost everyday - time management and my cost of doing business.

Right now, I have to be spending time with current clients, interacting with prospective new customers and marketing my business – this has to come first! Almost daily, I’m asking myself these questions: How can I streamline the work that takes me away from doing things that will create business? Who can help me do some of the things that I know are wasting chunks of my day? And how much more business could I create if I outsourced these particular tasks – and what would my return on that investment be?

When I think about my costs of doing business, like everyone else – what isn’t fair game to consider right now? Phone services, insurances, office supplies, marketing and shipping costs are just a few ways to keep costs under control. And to me – everything is negotiable since everyone is feeling the pinch.

It’s so easy to feel overwhelmed but these two focal points help me build my schedule around the things that really matter and keep me focused on moving forward. I realize to most that this a “duh” statement, but I use this common sense example because this is exactly why employee leasing/peo services were originated almost 30 years ago. Controlling the costs of doing business and giving you more time to do what you do best isn’t a slogan, it’s a growing service called employee leasing - that business owners in all 50 states are taking advantage of. Call and see if your business could benefit.

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

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

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

The last few weeks have taken me out on the road to visit business with dozens of employers in a variety of industries. As you can imagine there weren’t too many positive business events to talk about right know. The economy and what lies ahead was a common topic of discussion.

What I was pleasantly surprised to hear, though, were several comments about how valuable their PEO services were during these tough times. The compliments surprised me because people generally don’t comment on PEO services unless they’re causing problems– and to hear compliments during a difficult period for most businesses really caught my attention.

The compliments ranged from help dealing with unemployment claims issues to advice on payroll payment options. These employers mentioned how hard they’re working right now to find opportunities and if they had to deal with paperwork issues too, “the doors might be closed already.”

I thought how interesting this perspective was because when times are good, people tend to be so caught up in deadlines, bidding and the sales/service side of the business. It really makes it easy to forget the value employee leasing/ PEO services provide. Right now, these employers have the time to sell their services instead of wasting it dealing with non-income producing tasks. Precious time indeed!

This represents the true value of PEO services for an employer – focusing your time and energy on profitable work, delegating and outsourcing the rest. Whether your goals are to save on workers’ compensation insurance, improve your employee benefits package, or to streamline your payroll management, the services of a PEO company can help. When you’re ready to look at the benefits PEO services can provide your business – give us call. We can be reached at 1-888-582-8388.

www.EmployeeLeasingQuotes.com