How Can A PEO Help You?
Like most siding business owners, it's easy to find yourself working on issues that aren't bringing in revenue and hard to find time to work on tasks that do. Professional Employer Organizations (PEOs) allow you to unload the tedious paperwork and focus on profit-producing ideas. Here are just a few advantages of a PEO:
- Big discounts on a master workers' comp policy, with no audits or down payments
- Human resource assistance, unemployment claims administration, EPLI and pre-employment screenings
- Outsourcing of payroll, tax liabilities and wage garnishments
- Affordable employee benefit options
Today's business owner needs help managing time-consuming employment matters such as workers' compensation claims, premium audits, payroll tax liabilities and personnel management issues. Each year, more and more siding companies are choosing to save time and money by utilizing an employee leasing relationship.
Can Using A PEO Lower Your Workers' Comp Rates?
Yes! PEOs improve the employer's cash flow by reducing or eliminating the down payments usually associated with workers' compensation insurance. Plus, a PEO allows you to pay-as-you-go for work comp.
Employers with a high x-mod resulting from big claims can save even more because they take on the x-mod of the PEO. In addition to the cost savings, PEOs also manage and resolve all work comp claims for your business. They can also provide risk management to prevent injuries before they happen. Their certified risk management specialists design return to work programs for injured employees.
What Are The Costs For PEO Services?
PEOs charge an administrative fee based on your annual payroll, that averages between 2-4%. Compared with in house costs of 8-15%, based on a Small Business Administration (SBA) statistic - PEOs are a bargain! But each provider is different, with unique service and benefit cost offerings. This is just one way we help you through the process.
Do We Have To Use The PEOs 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
Employee Leasing Quotes eliminates the hassle of interviewing countless providers and delivers the PEO solution that make sense for you. We've done the vetting on hundreds of PEO providers from across the country, so you don't have to - that's what we do! Give us a call. We've saved thousands of employers millions of dollars in insurance premiums, while giving those more time to work on the things that really matter.
