How Can A PEO Service Help?
If you're looking for a way to simplify employment administrative work, while reducing costs on your Tulsa business - an Employee Leasing solution through a PEO company could be the answer. PEO services offer:
- Big savings on Oklahoma workers' compensation insurance, with no annual audits or down payments.
- Access to human resource professionals to manage compliance issues, workplace conflicts, risk management and more.
- Total payroll outsourcing that includes all garnishments, tax filings and deposits
- Fortune 500 employee benefit plans for small businesses.
What Do PEO Companies Charge For Services?
Average administrative costs run between 2-4% of annual payroll - a bargain considering the National Chamber of Commerce states that small businesses can spend up to 30% of their time managing employment related work. Plus, recent independent studies have shown businesses who utilize a PEO service are 50% less likely to go out of business, grow 10% faster and experience an average of 22% less employee turnover.
How Do We Get Payroll From The PEO?
Reporting payroll wages for the pay period can be done by phone, email or in many cases through the PEOs secure online portal. There’s a number of options for receiving your payroll including FedEx or courier delivery of checks. The most popular method is direct deposit or employee Mastercard pay cards. Many providers also offer remote check printing at your office for more control if needed.
Do We Have To Purchase The PEO Companies Employee Benefits?
The answer is no with most PEOs. If you have benefits in place, many times we’ll compare those against the PEO company’s plans to ensure you’re getting the best deal. If you choose to keep your current benefits, the PEO can pre-tax deduct those through payroll each pay period.
How We Help
Because we've done the research and vetting on hundreds of PEOs since 2001, so you don't have to! Plus, thousands of others have and you'll know within minutes how a PEO service could impact your Tulsa business. With hundreds of PEO, HR and ASO options to consider - there may be only one that can impact your operations where you need it most.
We can help. Are workers' comp costs affecting profit margins? We can help. Looking to build a better employee benefits package? We have solutions. Give us a call and let's see how a PEO could benefit your business today.
