What is a Kentucky PEO Company?
A PEO service allows you to outsource employment administrative work for less than you can do on your own, giving you more time to focus on growing your Kentucky business. Administrative work such as payroll and tax filings, safe workplace, unemployment claims hearings and more can all be outsourced with the help of a professional employer organization. All of these essential tasks are vital to the success of your Kentucky business; having an expert team from a PEO can help ensure they are completed correctly and on time.
The Benefits of a PEO Service Relationship
In a co-employment relationship, PEO brokers are well-suited to help business owners evaluate their initial responsibilities. The PEO service provider becomes the back office support for your Kentucky business
Additionally, payroll management, tax reporting, workplace safety, benefits administration, and many other employment issues are outsourced for much less than in-house costs. As the employer, you continue to run the day to day operations - but with more time to focus on the trajectory of your business. Other benefits include:
- Kentucky work comp insurance discounts with no money down and no audits
- Complete payroll, HR administration, including safety and regulatory compliance
- Access Fortune 500 style employee benefits
Why Use a Kentucky PEO Provider?
You started your business to do something you love, not deal with the headaches of employee management. Most employers don't have the necessary training or time to keep up with benefits administration, payroll, risk management and HR. PEOs manage the dirty work, so you can focus on growth and opportunities.
In a co-employment relationship, PEO brokers are well-suited to help business owners evaluate their initial responsibilities. The PEO service provider becomes the back office support for your Kentucky operations.
Additionally, payroll management, tax reporting, workplace safety, benefits administration, and many other employment issues are outsourced for much less than in-house costs. As the employer, you continue to run the day to day operations - but with more time to focus on the trajectory of your business.
Advantages of Using a Kentucky PEO for Workers' Compensation
For some industries, the rising costs of workers' compensation insurance is their biggest expense. A PEO provider can save employers up to 40% off state rates through their master PEO policies. There are no down payments or policy fees, and never any year end audits. Payroll services also provide an audit each period to insure accuracy.
Other Kentucky PEO Workers' Compensation Benefits Include:
- Easy certificates of insurance
- Return to work programs
- Risk management and safety programs
- OSHA/ DOL compliance
- Improved cash flow with pay-as-you go plans
- Partnerships with A rated carriers
- Lower your NCCI experience modifier (EM)
- While working with a PEO you can benefit from using their low EM and after two years of being in the PEO co-employer agreement, can claim that experience modifier as their own.
Why Choose ELQ?
PEO services were designed to help businesses save time and money. Using a PEO broker is all about maximizing the time and money you’ll save, by helping you access the right Kentucky PEO provider for your business.
At ELQ, we’ve done the vetting on hundreds of PEOs from across the country since 2001, so you don’t have to. It can be time consuming searching for a PEO that has the right services to match your particular needs. Talking with an independent source like ELQ allows you to ask questions and get honest answers without the worry of being sold on a particular service.
A PEO brokerage solicits proposals for you and helps you negotiate better health and workers’ comp insurance rates. Our years of industry experience helps by understanding the PEO's profit centers and where specific fees can be reduced to your advantage. Call today, understand how a PEO works and where your business can benefit, or request a Kentucky PEO quote today.
